Gold, silver or cash?

Discussion in 'General Precious Metals Discussion' started by forgedinfire, Apr 21, 2020.

?

Gold or Silver by dollar value - Advice/Comments appreciated

  1. All Gold

  2. Mostly Gold

  3. Half & Half

  4. Mostly Silver

  5. All Silver

  6. Stay in Cash

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  1. forgedinfire

    forgedinfire Member

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    At this moment in time, are you more bullish on gold or silver and do you think the gold:silver ratio even matters.

    Alternatively, (not including your emergency cash reserves) are you holding onto savings instead of buying more metals.

    I appreciate that we have different opinions on these things and look forward to your advice/comments.
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    Depends on your risk level. Gold is lower risk than silver. I'm more bullish on gold at this point.
    GSR means nothing, it's an illusion to think it controls anything.
    As to gold/silver vs cash, I already have a large portion of my portfolio in both, so I'm not really buying much more at present and am starting to hoard cash again, but AUD and USD.
     
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  3. forgedinfire

    forgedinfire Member

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    Do you think you'd be going for more gold or silver right now if you only had a small amount to begin with?
     
  4. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    You haven't thought it out. Cash with Silver and then gold at spot as available. I predict a dip in 4 weeks so there will be a few bargains.
     
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  5. forgedinfire

    forgedinfire Member

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    I hadn't decided one way or another, I'm merely posing a question.
     
  6. madaw1

    madaw1 Well-Known Member

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    I think
    gold,cash,silver that's me...
     
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  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    When I started stacking it was cash silver gold from highest to lowest priority. I quickly transitioned to gold cash silver. I'm currently working on my silver and reducing my cash but gold is king for me.

    When you say cash you need to distinguish between 100k+ in savings laying around or 3 month emergency fund.

    Keep a little cash on the side permanently for emergency use and stick the rest into gold. If you like to gamble then buy silver otherwise gold will do the job just fine.
     
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  8. forgedinfire

    forgedinfire Member

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    Yeah that's a fair distinction to make, and I did mean outside of an emergency fund, are you staying in cash rather than buying metals.
     
  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Absolutely not. Any "surplus" cash goes straight into metals for me especially when I know I can get at least spot during business hours just by ringing Bullion Now.
     
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  10. SuprmeLeadr

    SuprmeLeadr Member

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    I'm mostly in gold with small allocations in silver, AUD and USD.
    I see gold as similar to cash but without inflation which will be pretty high in 2020.
    But would be interested to know what others are thinking.
     
    Last edited: Apr 21, 2020
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  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Gold is cash without inflation, exactly how I see it
     
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  12. SuprmeLeadr

    SuprmeLeadr Member

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    gold 2700 today
    was 2200 just a hot second ago
    that's 23%.
    The real question is, is that gain a reflection of the purchasing power of the AUD or a function of lower confidence in markets/government?
     
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  13. openeyes

    openeyes Well-Known Member Silver Stacker

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    Cash for now as I still expect a drop in PM's in the short to medium term before a further climb.
     
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  14. forgedinfire

    forgedinfire Member

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    That's part of my reluctance, I have a feeling I should hold on for a bit longer before buying and that prices might settle out/and as sammysilver said there might be deals to be had, but you never know what an event like this might have unearthed.



    I think I'm with you on that one.
     
  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Dip coming, so need to have some cash ready. ;)
     
  16. madaw1

    madaw1 Well-Known Member

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    We we talking the same think,when gold passed $2000AUD....
     
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  17. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I see the dip as US spot staying steady, AUD going up, and premiums dropping.
     
  18. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Here's my gut feeling - I'm just thinking out aloud.
    *I get the feeling that everyone is over the CV but business is far from over it.
    *The bank run for cash has eased / stopped.
    *The AUD is trading mid ground against the USD.
    *THE USD could take a hit, the AUD could take a nice spike which could represent a chance to buy metal.
    *I'd say there's going to be a further fall in the spot silver price. Silver might drop below 19-20 March 2020 lows.
    *ABC and Perth might ramp up production if the CV restrictions are eased.
    *Gold might go sideways for a bit but might stay up at around or above 2500AUD
    *Oil and gold correlation is out the door.
    *Gold silver ratio is out the door.
    *Demand for industrial silver may drop further, there's plenty of panels sitting in warehouses as an example.
    *Silver demand, bars and coins will probably remain high. (premiums high - higher)
    *Gold coin demand seems to have dropped a bit or, gold is easier to get your hands on than silver.(Gold premiums not so high / peaking)

    I wanted to add more but now I forgot! :eek::D
     
  19. madaw1

    madaw1 Well-Known Member

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    We doing a lot of discussion about gold,what we should do what not-gold doesn't care-still going up... :cool: buy,buy,buy
     
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  20. hardyakkagold

    hardyakkagold Active Member

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    I am 75% in gold, 20% in silver, and 5% in cash at the moment.
    I am selling and trading some of my higher priced numismatic gold coins for the cheaper pure gold bullion type of coins at the moment.
    And I am always on the lookout for further gold purchases at spot , no matter what the gold price is.
    Not buying much silver any more as the price seems to be going nowhere, although when I come across something well under spot I snap it up.
     
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