Econ Precious Metals

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Shemp

Shemp

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I don't want to argue about the usefulness of PM, but how do you all feel about buying gold vs buying silver? I'm buying some now, but cant decide which to focus on. Seems like it would be easier to liquidate silver, or use it for small transactions, but then again that also sounds crazy.
 
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Okuma

Okuma

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I have bought a little silver recently, not real sure why. Want to give the kids something when they are older, and of course for the economic collapse of society.
 
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Shemp said:
I don't want to argue about the usefulness of PM, but how do you all feel about buying gold vs buying silver? I'm buying some now, but cant decide which to focus on. Seems like it would be easier to liquidate silver, or use it for small transactions, but then again that also sounds crazy.
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You can get about 68 ounces of silver for the same price as 1 ounce of gold. The way I looked at it is it would be easier to sell or trade small amounts of silver. If I need a hundo for something I can drop 4 ounces of silver and have my hundo in minutes. That would be hard to do with gold. It seems more practical for us poors to have silver.
 
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3x

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Shemp said:
I don't want to argue about the usefulness of PM, but how do you all feel about buying gold vs buying silver? I'm buying some now, but cant decide which to focus on. Seems like it would be easier to liquidate silver, or use it for small transactions, but then again that also sounds crazy.
Click to expand...
Do you use mostly $20 bills or $100 bills?
 
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Laufen

Laufen

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If you're asking about which is a better buy...gold is setting records for all time highs in the last 10 years. Silver is roughly in the middle of the road. $48 high in the last 10 years, it's at $25 now. I realize this is an apples vs oranges scenario, but silver seems to have more growth potential. Just one dummies rationale.
 
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Cudruln

Cudruln

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Silver in ounces= 1, 1/2, 1/4 and grams of so inclined

Gold in ounces= 1, 1/2, 1/4 and definitely grams.

The biggest factor is having closest to trade amount.

You wouldn't want to buy a chicken for 1 oz of gold when a couple grams would be closer to trade rate.
 
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