What is the better long term investment in your opinion? Personally, I'm more inclined to silver. Reason? Lower price now means if the price soars, the percentage gain is greater (i.e. you could easily double or triple your money), whereas with gold, price is already incredibly high, and even if it does go up to $2000 per oz, you havent doubled your money, you've just gained a small percentage in profit. Some people say silver is not a preserver of wealth but gold is. I don't see the logic behind this though? The price of gold could drop just like the price of silver could drop. Basically, if you want to double your money... silver going from $30/oz to $60/oz is much easier than gold going from $1500/oz to $3000/oz. What do YOU think and why?
you really should run for prime minister. because we haven't had a prime minister that has any logic. I'm with you all the way to the top! my logic is slightly different but the same in a way. buy 10oz silver & 10oz gold if silver turns worthless, you've lost $300 if gold turns worthless, you's lost $16000 if silver goes to $1000oz, you have $10000 if gold goes to $2000oz, you have $20000 so, would you be prepared to lose 16k to make 4k, or lose $300 to make 10k. that's the $29 question.
What's BETTER? Silver OR Gold? tin wins hands down http://lastdaysofpaper.blogspot.com.au/2011/03/tin-bullion-bars-in-stock-now.html
This fallacy was already disproved the last time you posted this nonsense logic. Facts are that silver magnifies the movement of gold either going up or down. Yes it will earn you a higher percentage of profit on the upside. It holds true on the downside as the recent dip show. Gold 1900 - 1619 = 14.78% to silver 48 - 28.54 = 40.54%.
^^ +1 It is all about percentages in the speculation game! BTW, if you had $16000 to spend, why would you only buy 10oz's silver???
Footycard, YOU should run for prime minister lol!! Excellent train of thought, I like it! Currently... its the $29.02 question Lets hope its a $1000 question in a few years time
Interesting hem9! Guess we didn't really consider the down side... I like to think positive, you see! Sadly...I have no gold... I can imagine its quite hard justifying spending a 2 week income for most people...on a single teeny weeny 1oz gold coin. On the other hand... a 1KG silver bar plus some extra cash...now that looks more like you've worked for your money lol
That is your mistake. With that mentallity, you must also realise that you are 'spending' your 2 week income on fiat.
Much easier to transport a small gold coin than a kilo bar, though. Also, you've really got to factor in the storage and shipping costs for physical metals. Weight & volume wise, silver is more costly to manage than gold. To the OP, embrace "AND" and you can't go wrong!
It's my logic, yep, yay! :lol: Now watch what you say Or they'll be calling you a radical A liberal, oh fanatical, criminal Oh won't you sign up your name We'd like to feel you're Acceptable, respectable, oh presentable, a vegetable! But then they sent me away To teach me how to be sensible Logical, oh responsible, practical And they showed me a world Where i could be so dependable Oh clinical, oh intellectual, cynical just my $28.99
Hahahahaa....i KNOW that song but the name has escaped me...! Forget prime minister, be a singer! Lol In fact, I was almost bobbing up and down to that tune. Almost...not quite
Gold is also good for exactly that reason as when you need to move transport or store large amounts of wealth, it would be cumbersome as well as difficult to move around a silver as compared to Gold.
55.91 GSR, im gonna bet silver is better atm. With massively rising energy costs, and it costing miners more and more to get it out the ground, not to mention theyve mined large portions of the high grade stuff in comparison to whats left., id say prices of both will easily be choked up higher and higher reguardless.
I completely disagree with this. Silver will struggle to get above $40/oz, let alone $50-$60/oz. The amount of people who will be waiting to break even above that $40 mark will be huge IMO
