Econ Precious Metals

[Shemp]

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.

 

[Okuma]

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.

 

[T_Max]

If nothing else make it a fun thing with the kids, buy the a pieces every now and then

 

[karlvv]

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.

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.

 

[3x]

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.

Do you use mostly $20 bills or $100 bills?

 

[Shemp]

Do you use mostly $20 bills or $100 bills?

$500 bills

 

[3x]

$500 bills

US Dollars, not Canadian

 

[Shemp]

US Dollars, not Canadian

EUROS

 

[3x]

EUROS

Lira

 

[Shemp]

Lira

I have some around here still from my first trip to Oyrup

 

[Laufen]

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.

 

[Grainchaser]

Do you use mostly $20 bills or $100 bills?

I use castles. However, they are difficult to lug around.

 

[Grainchaser]

Gold may be better for long term hedge, but silver will likely be useful for ordinary transactions. But don't worry, when this thing goes tits up, the PTB will outlaw both and confiscate.

 

[Shemp]

Gave JM Bullion some of my money

 

[Grainchaser]

Gave JM Bullion some of my money

dey legit...

 

[Cudruln]

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.

 

[Grainchaser]

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

The premium on gram increments is insane. Recently bought 2 ounces in 5g increments...it hurt.

"Junk" silver is a good candidate for transactions...dimes, quarters...just like the old days.

 

[Cudruln]

The premium on gram increments is insane. Recently bought 2 ounces in 5g increments...it hurt.

"Junk" silver is a good candidate for transactions...dimes, quarters...just like the old days.

True, though he was not asking for junk silver. @Shemp taste is too high for that junk silver

 

[karlvv]

True, though he was not asking for junk silver. @Shemp taste is too high for that junk silver

@Shemp is a pimp. His gold toof is worf more.

 

[edindah]

Trade/barter material: gold or silver. I still like Hershey bars and nylons, but call me old fashioned!