Why the focus on silver?

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 said:
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?
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If that day comes, I think gold will be mixed with other metals to form a decent size coinage :)
 
lamp said:
thatguy said:
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?
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If that day comes, I think gold will be mixed with other metals to form a decent size coinage :)
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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.
 
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.
 
thatguy said:
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?
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No chance. Imagine getting sub-gram change!
:)
 
hem9 said:
the only way for silver to reach the highs we are all expecting is for the current system to implode (deflation) which would result in government money printing (high to hyper inflation). In that scenario silver like all other commodities and assets would fall like a rock.
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Sounds a bit contradictory.

I believe that silver will become more valuable in ANY possible scenario in the future...
 
hem9 said:
the only way for silver to reach the highs we are all expecting is for the current system to implode (deflation) which would result in government money printing (high to hyper inflation). In that scenario silver like all other commodities and assets would fall like a rock. The only true protection would be cash or gold (as everyone would flock to gold as the ultimate hedge). Thus the GSR would widen like crazy then in my opinion would be the right time to switch to silver (near or at the bottom of the deflation cycle)
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untrue - silver will beat gold under any scenario
 
Yippe-Ki-Ya said:
hem9 said:
the only way for silver to reach the highs we are all expecting is for the current system to implode (deflation) which would result in government money printing (high to hyper inflation). In that scenario silver like all other commodities and assets would fall like a rock. The only true protection would be cash or gold (as everyone would flock to gold as the ultimate hedge). Thus the GSR would widen like crazy then in my opinion would be the right time to switch to silver (near or at the bottom of the deflation cycle)
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untrue - silver will beat gold under any scenario
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Finally - the real YKY is back.
 
RhythmDoctor said:
I've always been heavy in gold since day one. Silvers fun, and the markets interesting to play/watch, but for me - gold is king.

Reasons being: its more space efficient, easy to transport, less likely to incur duties when moving internationally, and is a better holder of value in my opinion, wheras silver can variate regularly.

Or maybe its just the pikey in me. :)
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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
 
Sargeant Argent said:
I'm more into buying gold now my gsr is over 1 - 130 so I'm investing my money about 70/30 gold heavy until I get into the 1 - 40/50 range. Gold is much more stable though silver has more potential for ridiculous gains.
Realistically I'll probably trade the majority of my stack on a nice little oceanview lot I have my eye on as soon as it drops in price a little more. I'm very interested in a second property that I can rent out as a vacation cottage to earn extra income if spot rises 20 percent and property drops 10 - 20 percent I should be able to have a 700 - 800 square foot cabin with ocean view lot free and clear in the next two years.
After that I want to buy a condo in a city that I can rent out. I have about 20 years to retirement at which point I just want to surf, fish, travel and collect rent cheques from multiple tenants. For me gold and silver are just a way to store savings and possibly make small gains until I can convert it into an asset that produces income. I can see SHTF but that's my backup reason for investing in pms as I feel that the likely hood of that happening is less than it not happening.
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Canada's RE market is second only to Australia's in the sucker-index ...

good luck! :lol:
 
lamp said:
thatguy said:
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?
Click to expand...

If that day comes, I think gold will be mixed with other metals to form a decent size coinage :)
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i dont think so ... it's too easy to inflate - just like the Romans did. been there - done that ...
 
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.
 
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:
 
jpanggy said:
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.
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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!
 
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.
 
I'm a gold bug for probably the same reasons central Banks stack Gold and not silver. I do stack silver though
 
Nugget said:
I'm a gold bug for probably the same reasons central Banks stack Gold and not silver. I do stack silver though
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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 said:
Nugget said:
I'm a gold bug for probably the same reasons central Banks stack Gold and not silver. I do stack silver though
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Central Banks stack gold in favour of silver because they dont have the storage space to stack silver.
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this is good, so we can stack silver at a cheap price :)
 
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