What are you people thinking? Should I or with Gold or Silver?

Hello - new post and new user too

I have been stacking since the beginning this year and chewed up my savings. ( Rich dad poor dad - savers are losers ) Very content to sit and wait the years out.
However, due to my cash flow with bills and family I have my last bit of savings left and will not be able to buy any gold or silver until dec 2012 or jan 2013.
That is a long time - the euro could crash, I am reading may, june in king world news and the gold price could double over night ( Harvey Organ ). Let alone war in the middle east.

Does anyone seriously think that the price manipulation in gold and silver could allow the price to stay constant for half a year? Seriously Blythe Masters and JPMorgan oh my God.
What would you prefer to buy gold or silver? Do people think they are wasting their money with silver and just buy gold?

I am thinking in regards to amount of gold it takes to buy a house. Saw that post some where in here. FYI have twice amount of silver than gold in terms of what I purchased.

Be great to hear back from people.

 

Golds safer

 

I think it is prudent to have be involved with both gold and silver... the amount you invest in each is open to individual opinions though.

For me personally right now, I mainly have gold. I am not in a position where I can liquidate any silver holdings quickly, which is a problem for me. Silver is prone to massive speculative runs and crashes... to make the most of this volatility you really need to be able to cash out your non-core while it is on the way up or at the top of one of these runs (imo), and then buy back in when it bottoms again (some will not like this idea because it has risk, but I really think it is the best way to get your metal to work for you).

Consequently I mostly just have gold as it is relatively stable in comparison to silver, although it has a much more limited upside potential in terms of capital growth.

No one can really tell you what to do... everyone's situation is unique, and your best bet is to educate yourself and make a decision that you are comfortable with.

 

Gold is more stable

 

At the moment, for stability, I would consider AU over AG. However, I also believe that AG is very attractively priced currently. Your call - Good luck.

 

Buy Silver... Long term you will gain... Ohh did I say silver is heavily used in electronics...?!

 

Central Banks stack Gold. A side of silver FTW though

 

both

 

Speculate with Silver.

Rely on Gold.

 

^^^^^^ What he said!

 

Use silver as a way to get more gold.

 

If the fiat currency system crumbles, which would you prefer to be holding?

If the economy recovers and flourishes, which would you prefer to be holding?


The answers are different for me. I would hold both

 

You have been stacking for 10 years,i pull a 12 gauge on you and tell you to grab your stack and run.No Macpac's going to be able to hold your silver.
As to your Price manipulation question re PM's..Yes i seriously think the price could very well be lower or appreciably go no where at all.
To seriously answer your question of Gold vs Silver..truthfully nobody knows,just flip a coin and hope for the best.We all have preferences based entirely on facts we choose to believe to justify our purchases.
Which fairy tale you choose to believe is your responsibility.There are no Sears here or at Kitco just varying accomplished story tellers...
Europe has been unstable for 2000 years and is virtually always on the verge of collapse in one compass direction or another.
If you are that low on funds,focus on paying your debts off first-Credit cards,bills,house loan etc


REDBACK

Edit-Hotel46's comment has solid merit as he has done the time in PM's and reaped(cough) the rewards.Treat him like Yoda

 

At the end-game I think too few people / entities will hold the majority of the world's gold. It's like that already. The little guy will vote with silver, not because he wants to. He has to.

 

If there is an economic downturn its better to be in gold.
If things improve considerably,it better to be in silver.
Which do you think is more likely?

 

Easily.

Only a gut feeling here, but silver for various reasons (ie. it's used more, it's priced sanely). Of course this is just opinion and "what would I buy regardless of what most bankers love". No calculation about how-much-this-or-that-metal-will-return-to-you, necessarily.

I have far more silver than gold. I have no plans to buy more gold.

 

Thanks for replying everybody!

I have only read this post for the past two months - every though buying gold has been eating away at me since 2010 - I only bought this year.

Put aside the normalcy bias and read some high school history books and I do not like what I am seeing overseas.

Some of the most interesting posts here are from Julie W and Silver Sanchez



Faith Hope Love - Hope for the best and prepare for the worst.

 

With the Gold/Silver ratio where it is...I say silver.

 

Gold if you may need to sell quickly! if silver dont go with too much of a variety! its annoying to sell!