What does everyone think the best buy is at current prices? If you had $1400 would you buy an ounce of Gold or 61 x ounces of silver? (I think i calculated right lol and im talking about the stuff with low premiums) I would take the silver! Although its been all over the place for a while and not as consistent compared to gold im still going to take it as i think it has more potential.
Gold in time of crisis ( like now ) Gold should strengthen further against the silver price short term
My view on this topic is a bit one-sided... I have some of each metal, and whilst I would like more of both, to my own mind, my allocation is lighter on gold than silver, so for me, I am buying gold on this dip. Personally, I think it's a good idea to have some of each, in a ratio you're comfortable with personally. My own view - I believe both metals will hold value going forward, silver is a bit of a "dark horse" - it's both a PM and an industrial metal, so it could really do well, though traditionally, it has been seen as the "secondary brother" to gold. Gold, due to rarity, has traditionally been the metal of choice, so I feel it's wise to hold gold, and "take a punt" with a reasonable stack of silver. Ratio of Au vs Ag in ones stack should suit ones own beliefs and feelings.
If you think silver will punch through it's all time high, (2011) there's more of a percentage gain buying silver. http://www.kitco.com/LFgif/ag2011.gif For $1400, I'd probably grab a kilo bar and 2 x 10oz bars plus a case of beer.