5 votes

Silver or Gold?

Silver or Gold?

And where do you buy from with the best prices?



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Hope to gain? Silver. Protect and move easily? Gold.

If you're hoping to ride out the economic collapse in relative comfort you should stock up on physical silver because of its demand as an investment and as a necessary/indispensable component in all things tech.

If you expect the economic collapse to be so devastating that fleeing the country to someplace relatively safe like Ecuador or Uruguay will be necessary, and you have much wealth to protect, get gold.

If you're somewhere in the middle, think in terms of 2-3 months living expenses in cash, and split the remaining dollars 50/50 in gold and silver as a hedge against best or worst-case scenarios.

Remember that the biggest drawback to owning metals is that they are heavy and hard to carry by the bucketfull.

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Cyril's picture

Remember the biggest drawback to owning metals is they're heavy

"Remember that the biggest drawback to owning metals is that they are heavy and hard to carry by the bucketfull."

Granted.

Yet, there aren't a whole lot of other materials where to park one's wealth, in small, "liquid", well recognizable, masses. I mean ... $ 32ish / oz for silver and $ 1,700ish / oz for gold, as of today... is pretty good already, especially when the slope of value vs. fiat dollar's is like 3 to 5 times worth the price inflation's on goods and services over the last decade.

I love the idea to just naively look at what a 1/4 oz coin of .999 silver does mean (carry), today again ... eight bucks, yeah, that's right : $ 8 !

Me likes it, compared to a today's cupronickel quarters worth ... no more than $ 0.07 each (metal value). And even at $ 0.25 / cupronickel quarter face value ...

8 / 0.25 = 32

(oh, the irony, ounce spot price = silver/cupronickel quarter ratio, btw)

Also ... on this end, anyway ... "and hard to carry by the bucketfull" ... I'd love to be there with that issue, already ! ;)

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Cyril's picture

Re: the Silver Side; check out Silver Supply vs. Demand

I don't agree with all his conclusions, some of which would deserve be mitigated, IMO, but I do agree with his method - to just do our homework :

Silver Supply vs. Demand

http://www.youtube.com/watch?v=tOdvnGoeSFg

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Both, but now silver first. as for where; hands down it's APMEX

I tried shopping around town... they're all out. i mean literally, nothing. i was looking for junk silver, and the places I tried not only had none available, they were already back logged w/ requests that people had already left cash there to hold their "spot in line"! holy shit.

APMEX is the best by far. great prices, low cost shipping that includes insurance, and they get it to you within days of clearing your money (wire is faster then check obviously).

if you can buy in person, off the grid, i'd recommend it. but good luck finding any.

Both, yet with silver

needing a correction in the market, you'd do better in investing in that for the long run. It's also less expensive to get started initially. Also, decide whether to go bullion or coin which may also carry numeristic value along with intristic value depending on it's condition and rarity.

A while ago I would've suggested going to a local source, yet here on the coast, the local shops are carrying a seriously higher spot then online.

Once you've dived in it can be fun.

Thanks for the tip. :D

Thanks for the tip. :D

Both!

Silver for short term-easier to sell/barter, more volatile.

Gold long term-holds it's wealth while the FED puts the dollar to a slow (or maybe fast) death.

coloradogold.com

providentmetals.com

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Buying silver next week...

Buying silver next week... Thanks.

yes

Start small at your (most) local coin shop.
Steady on!

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80% gold and 20% silver

Look to the Bible for your guidance.

Revelation 3:18

I'm atheist and base my

I'm atheist and base my decisions on the market... Thanks anyway.