Why the focus on silver?

Discussion in 'General Precious Metals Discussion' started by hem9, Nov 24, 2011.

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  1. thatguy

    thatguy Active Member

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    My issue with gold is physical... 1 gram bars are ridiculousness but if price doubles would we need to see .5g bars? Will buying groceries in the future with gold require a microscope and an atom counter?
     
    thatguy, Nov 24, 2011
    #21
  2. lamp

    lamp New Member

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    If that day comes, I think gold will be mixed with other metals to form a decent size coinage :)
     
    lamp, Nov 24, 2011
    #22
  3. euphoria

    euphoria New Member

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    You will just have gold on deposit and write checks against it. Think Goldmoney. I doubt very much that we will be using physical gold for do to day transactions. Still be largely a cashless world with visa and eftpos. Just those accounts will be supported by gold and debited/credited/transferred overnight. I think these accounts will be unallocated, but fully backed and they will have to be redeemable to maintain integrity in the system, particulary after the entire world shuns funny money.
     
    euphoria, Nov 25, 2011
    #23
  4. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Everybody knows about Gold, fewer know about silver and I like it that way. If things start to go wrong silver will be useful for everyday purchases and if things go right it will be a decent enough store of wealth.

    Having said that I have just swapped out a couple of Kg of silver for a few small gold coins and as I bought the silver many moons ago it's almost like I was paying last year's prices, on the spreadsheet at least.
     
    Jislizard, Nov 25, 2011
    #24
  5. BBQ

    BBQ Member

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    No chance. Imagine getting sub-gram change!
    :)
     
    BBQ, Nov 25, 2011
    #25
  6. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Sounds a bit contradictory.

    I believe that silver will become more valuable in ANY possible scenario in the future...
     
    Yippe-Ki-Ya, Nov 25, 2011
    #26
  7. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    :lol:
     
    Yippe-Ki-Ya, Nov 25, 2011
    #27
  8. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    untrue - silver will beat gold under any scenario
     
    Yippe-Ki-Ya, Nov 25, 2011
    #28
  9. fishball

    fishball New Member Silver Stacker

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    Finally - the real YKY is back.
     
    fishball, Nov 25, 2011
    #29
  10. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    All you say is true Pikey - but i can get all those advantages by simply trading my silver for gold before i need to travel/flee....

    that way i'd still have enjoyed all the growth of silver outperforming gold... which it will continue to do into the future
     
    Yippe-Ki-Ya, Nov 25, 2011
    #30
  11. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Canada's RE market is second only to Australia's in the sucker-index ...

    good luck! :lol:
     
    Yippe-Ki-Ya, Nov 25, 2011
    #31
  12. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    i dont think so ... it's too easy to inflate - just like the Romans did. been there - done that ...
     
    Yippe-Ki-Ya, Nov 25, 2011
    #32
  13. jpanggy

    jpanggy Active Member

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    Actually, Canada is a good preview of what australia would be when the bubble bursts.

    Canada is full steam ahead in their bubble, more advanced than ours. If it pops, well expect the same for Australia.
     
    jpanggy, Nov 25, 2011
    #33
  14. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Attention all bullshitters!!

    You can often get away with bull, but if you're unlucky enough for YKY to stumble across your thread - it's tickets... :lol:
     
    Yippe-Ki-Ya, Nov 25, 2011
    #34
  15. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Canada's bubble burst has hardly even begun yet ...

    It's going to be loads of fun... only a short distance ahead of our very own!
     
    Yippe-Ki-Ya, Nov 25, 2011
    #35
  16. MetalMajix

    MetalMajix Member

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    MetalMajix, Nov 25, 2011
    #36
  17. Sargeant Argent

    Sargeant Argent New Member

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    I know canadas real estate market is CURRENTLY a sucker merket which is why apart from my primary residence which is 95 percent free and clear all my spare capital apart from tools of trade (paid for and earn me a living) vehicles ( paid for and get me and the mrs. To work) and quiver of surf boards wetties and jetski (paid for and get me to good times) are tied up in gold and silver (very silver heavy). I'm waiting for interest rates to rise and property prices to fall at which point I can convert the majority of my stack into investment that creates capital which I will reinvest in pms.
     
    Sargeant Argent, Nov 25, 2011
    #37
  18. Nugget

    Nugget Well-Known Member Silver Stacker

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    I'm a gold bug for probably the same reasons central Banks stack Gold and not silver. I do stack silver though
     
    Nugget, Nov 25, 2011
    #38
  19. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Central Banks stack gold in favour of silver because they dont have the storage space to stack silver.
     
    Yippe-Ki-Ya, Nov 25, 2011
    #39
  20. alor

    alor Well-Known Member Silver Stacker

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    this is good, so we can stack silver at a cheap price :)
     
    alor, Nov 25, 2011
    #40
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