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Copper Catcher
Administrator
USA
2092 Posts |
 Posted - 05/24/2010 : 16:50:03
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I am curious to know people's opinions on having gold or silver.
Do you think your money should be 50% Gold - %50% Silver?
More of one versus the other; Why?
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Nickelless
Administrator
USA
5580 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/24/2010 : 19:34:54
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Where are the pennies & nickels options?  IMO, gold acts more like an international money in the world now than silver. I think it is more deflation resistant than silver. Silver would make a better circulating money than gold, except that is used by industry so much now and that would cause its value to fluctuate constantly.
I'm buying more gold than silver now. Don't hate me for it. I have been involved in silver for a long time.......decades, not years. |
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Think positive. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/24/2010 : 19:42:33
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I'm about 85% into silver. It has MUCH better potential than gold, for countless reasons. I only buy gold if I have a lot of money to convert in a short amount of time and can't find silver... and even then, when silver reappears I'll sell the gold when the ratio favors the trade and buy more silver.  Silver IS bulky to store, though  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Nickelless
Administrator
USA
5580 Posts |
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Kurr
1000+ Penny Miser Member
2906 Posts |
Posted - 05/24/2010 : 20:25:39
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... you let yours out of your site !!
I like silver. More pressure from industry, not readily available to mine except as a secondary material like from copper mining, New technologies like the health care, photoscience, etc, just waaay more pressure.
Then there is The Ratio which apparently is insanely off from history, due to paper markets, I think it is waaaay under valued presently. |
The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 05/24/2010 : 20:38:01
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I've always liked SILVER best because of the diminishing above ground supplies available for industry. However, GOLD is the place to be when the crisis begins. My ratio is similar to others: 85% SILVER, 15% GOLD (gotta have some just in case), and plenty of coppers (can't resist getting these from circulation at 1/2 intrinsic value  ). |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 05/24/2010 : 20:40:53
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| Very interesting.... please more join in the conversation! |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 05/24/2010 : 20:56:43
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quote:
Originally posted by Kurr
... you let yours out of your site!!
I like silver. More pressure from industry, not readily available to mine except as a secondary material like from copper mining, New technologies like the health care, photoscience, etc, just waaay more pressure.
Then there is The Ratio which apparently is insanely off from history, due to paper markets, I think it is waaaay under valued presently.
My hard-drinking cat will pummel anyone who comes near my silver!
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Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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Investin Cents
Penny Pincher Member
USA
129 Posts |
Posted - 05/24/2010 : 21:11:52
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| Silver - much more upside potential. It is also the best contrarian play - everyone is "walking in the door" for the gold party. That's when you leave the party! Silver is kind of like church at this point - a few devotees in there at any given time, but no massive throngs pouring in - yet! |
Most recent book I've read: "Meltdown" by Thomas E. Woods Jr. Current book: "I.O.U.: Why Everyone Owes Everyone & No One Can Pay" by John Lanchester |
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 05/24/2010 : 21:39:52
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I like getting silver eagles because their metal content is clearly labeled, they are widely recognizable, are much less counterfeited, and are in a small enough denomination to be useful in everyday trade should the SHTF. The high gold-to-silver ratio, and silver's industrial use, point to its value increasing in the future, as well.
The market reaction to the Euro crisis has me looking more at gold now, though. People went to gold for safety, and lumped silver in with the other stocks and commodities to avoid. |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
Edited by - brian0918 on 05/24/2010 21:43:35 |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 05/24/2010 : 21:44:46
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i prefer silver.
i suppose my ratio of silver to gold is around 90% to 10% - maybe even 95% to 5%
honestly gold is just out of my price range.
plus who cares about bulk. i'd rather have a whole pile of silver dimes over a single gold coin anyday !
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My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/24/2010 : 22:49:59
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quote:
Originally posted by Nickelless
quote:
Originally posted by beauanderos
Silver IS bulky to store, though
You can easily fit $1,000 face value of pre-1965 silver in 2 one-gallon jugs and you call that too bulky?? That's more than 700 oz. of silver in the space of two gallons...not what I'd consider bulky at all! It's not bulky if you just store it and not carry it around with you everywhere!
Anyone know of any dairies that have gone out of business lately? I'm gonna need lots of jugs |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 05/24/2010 : 23:03:49
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quote:
Originally posted by beauanderos
quote:
Originally posted by Nickelless
quote:
Originally posted by beauanderos
Silver IS bulky to store, though
You can easily fit $1,000 face value of pre-1965 silver in 2 one-gallon jugs and you call that too bulky?? That's more than 700 oz. of silver in the space of two gallons...not what I'd consider bulky at all! It's not bulky if you just store it and not carry it around with you everywhere!
Anyone know of any dairies that have gone out of business lately? I'm gonna need lots of jugs
Sounds like a cash cow! |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 05/25/2010 : 01:41:37
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I think gold is fine for protecting your wealth, however I believe silver is one of the few investments that gives you a chance to increase your wealth. Gold is about 66 times the price of silver, yet there is only 15 times the amount of silver in existance as gold. Also, its kind of disheartening to spend $140 and recieve a gold coin about the size of a dime, while you can buy at least 6 big, attractive SAE's for the same price.
My physical holdings ratio is about 90% silver to 10% gold |
Edited by - theo on 05/25/2010 11:38:45 |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/25/2010 : 05:38:24
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quote:
Originally posted by brian0918
I like getting silver eagles because their metal content is clearly labeled, they are widely recognizable, are much less counterfeited, and are in a small enough denomination to be useful in everyday trade should the SHTF. The high gold-to-silver ratio, and silver's industrial use, point to its value increasing in the future, as well.
The market reaction to the Euro crisis has me looking more at gold now, though. People went to gold for safety, and lumped silver in with the other stocks and commodities to avoid.
I agree with these points.
both gold and silver have been used as money for several millenia. I think silver is the better value. however, gold is more likely to be seen as money. silver right now is viewed more as an industrial metal. so when the world starts worrying about a global slowdown and a collapse in china, copper will really get hammered and silver hamered a little and gold will rise. ultimately, silver is money also so there is a constraint on the gold to silver ratio, meaning as gold rises it will pull silver along with it. some day, maybe soon, that ratio will compress because of factors unique to silver.
one thing that has not been mentioned is how silver performed relative to gold during the 70s. they both increased by similar amounts, silver perhaps more depending on your measurement period. but silver's rise lagged gold's rise timing-wise, and the top was several months later.
platinum and palladium have a lot in common with silver except that they do not have a history of being used as money. so you can't assume they will be used as money, although they might. on the other hand, the industrial demand for them might be so great that they outperform silver. both are used in hi-tech and automotive industries, so they are highly levered to the economy. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 05/25/2010 : 07:00:54
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quote:
Originally posted by Lemon Thrower
platinum and palladium have a lot in common with silver except that they do not have a history of being used as money. so you can't assume they will be used as money, although they might. on the other hand, the industrial demand for them might be so great that they outperform silver. both are used in hi-tech and automotive industries, so they are highly levered to the economy.
While it's true that Pt, Pd, and Rh have industrial uses, their primary use and value comes directly as the result of government regulation: the EPA's enforcement on the use of catalytic converters. Should the government run out of people to leech off of, its role will be greatly reduced (or even eliminated if SHTF), and so agencies like the EPA will no longer exist. That points to a collapse in the value of these metals. Their value will only remain high as long as these regulations exist in other countries, and only then if we are readily trading with those countries. Japan has these sort of laws, but I don't believe the EU does. |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
Edited by - brian0918 on 05/25/2010 07:02:28 |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/25/2010 : 09:41:30
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quote:
Originally posted by brian0918
quote:
Originally posted by Lemon Thrower
platinum and palladium have a lot in common with silver except that they do not have a history of being used as money. so you can't assume they will be used as money, although they might. on the other hand, the industrial demand for them might be so great that they outperform silver. both are used in hi-tech and automotive industries, so they are highly levered to the economy.
While it's true that Pt, Pd, and Rh have industrial uses, their primary use and value comes directly as the result of government regulation: the EPA's enforcement on the use of catalytic converters. Should the government run out of people to leech off of, its role will be greatly reduced (or even eliminated if SHTF), and so agencies like the EPA will no longer exist. That points to a collapse in the value of these metals. Their value will only remain high as long as these regulations exist in other countries, and only then if we are readily trading with those countries. Japan has these sort of laws, but I don't believe the EU does.
that is a good point that a good portion of the value is due to govt regualtion. but there is a lot of demand for this technology in india and china of all places due to the pollution from coal burning power plants. also, in the case of pdm, apparently the russians had huge stockpiles that are close to being exhausted. so we could be close to an inflection point.
i like pdm but is far riskier than silver. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 05/25/2010 : 10:00:05
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| Silver for all the reasons mentioned above. I have yet to jump on the gold band wagon because it is being driven by forces that dont exist in a normal market. Wish I would have bought back when it was $300 an oz. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 05/25/2010 : 12:15:52
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quote:
Originally posted by theo
I think gold is fine for protecting your wealth, however I believe silver is one of the few investments that gives you a chance to increase your wealth.
I absolutely agree.
I have mostly Ag right now. I am saving up some FRN's to make a sizable Au purchase here soon to diversify a little more. I do want to stay mostly in Ag though. Unfortunately I keep spending the FRN's when I see a deal for Ag under spot...
Another thing to keep in mind. I truly believe there will be a real effort from the government to tax the wealth (as they would see it, Capitol Gains) of PM's in the coming future. If Au does go mainstream and hyperinflation does happen, I think it will be almost certain.
Ag, along with Cu and Ni, I feel would have a better chance of keeping under the radar.
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coppernickel
Penny Pincher Member
USA
131 Posts |
Posted - 05/25/2010 : 12:54:23
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Gold is what I want.
Silver I can afford. Even lucky with half rolls sometimes.
Copper / Nickel I can get at the bank for the asking, for now. Collecting it as fast as I can afford it. |
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended. |
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darsemnos
Penny Sorter Member
96 Posts |
Posted - 05/26/2010 : 17:11:57
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quote:
Originally posted by Bluegill
quote:
Originally posted by theo
I think gold is fine for protecting your wealth, however I believe silver is one of the few investments that gives you a chance to increase your wealth.
I absolutely agree.
I have mostly Ag right now. I am saving up some FRN's to make a sizable Au purchase here soon to diversify a little more. I do want to stay mostly in Ag though. Unfortunately I keep spending the FRN's when I see a deal for Ag under spot...
Another thing to keep in mind. I truly believe there will be a real effort from the government to tax the wealth (as they would see it, Capitol Gains) of PM's in the coming future. If Au does go mainstream and hyperinflation does happen, I think it will be almost certain.
Ag, along with Cu and Ni, I feel would have a better chance of keeping under the radar.
I bought and sold some gold coins for a %50 gain. Are you telling me I didn't need to pay taxes on that? |
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darsemnos
Penny Sorter Member
96 Posts |
Posted - 06/04/2010 : 18:16:19
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quote:
Originally posted by Nickelless
quote:
Originally posted by beauanderos
Silver IS bulky to store, though
You can easily fit $1,000 face value of pre-1965 silver in 2 one-gallon jugs and you call that too bulky?? That's more than 700 oz. of silver in the space of two gallons...not what I'd consider bulky at all! It's not bulky if you just store it and not carry it around with you everywhere!
It may not actually be bulky, but it's damn heavy compared to gold.
A monster box of silver is a pain to pick up. Say it's $20/ ounce, that's $10000. That would only take 10 oz of gold, compared to 500 oz of silver, or 31.25lbs of silver. Bulk isn't just about volume, it's about ease of movement, and any significant dollar amount of silver is a pain to move. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 06/04/2010 : 18:53:06
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quote:
Originally posted by darsemnos
It may not actually be bulky, but it's damn heavy compared to gold.
A monster box of silver is a pain to pick up. Say it's $20/ ounce, that's $10000. That would only take 10 oz of gold, compared to 500 oz of silver, or 31.25lbs of silver. Bulk isn't just about volume, it's about ease of movement, and any significant dollar amount of silver is a pain to move.
But really...how many of us go around moving 70-lb. boxes of silver on a regular basis (except maybe to play with it)? Why would being able to physically move silver on a regular basis be an issue? I leave mine in the secure place where it usually is. I don't go carrying it around. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 06/05/2010 : 21:04:56
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Gold vs Silver holdings...
I believe it is dependent on the individual, the time frame and the expectancy of return.
I am 40 so I am thinking 20 years out and acquiring silver to gold 10 to 1. If I was say 60, I may be looking at gold over silver as my time frame for a return expectancy would be sooner rather than later.
With silver to me being a volatile metal compared to gold but still having intricate conditions that will lead to an explosion sooner or later. Gold being the monetary global namesake looked to all as a hedge will return quicker in my opinion but not move upwards in total value percentage wise as silver.
Edit
I am also buying tools and equipment in many areas as to me inflation will yield a premium and it never hurts to have more tools! |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
Edited by - cptindy on 06/05/2010 21:07:57 |
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zerocd
Penny Hoarding Member
555 Posts |
Posted - 06/08/2010 : 05:27:18
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quote:
Originally posted by cptindy
Gold vs Silver holdings...
I believe it is dependent on the individual, the time frame and the expectancy of return.
I am 40 so I am thinking 20 years out and acquiring silver to gold 10 to 1. If I was say 60, I may be looking at gold over silver as my time frame for a return expectancy would be sooner rather than later.
With silver to me being a volatile metal compared to gold but still having intricate conditions that will lead to an explosion sooner or later. Gold being the monetary global namesake looked to all as a hedge will return quicker in my opinion but not move upwards in total value percentage wise as silver.
Edit
I am also buying tools and equipment in many areas as to me inflation will yield a premium and it never hurts to have more tools!
This is about right for me. 10:1 or thereabouts is a good target. I would buy only silver if I had a little less cash.
Tools etc? well, had that covered long ago as well as food and water.
I recently ordered some more cases of ammo when I was offered a great price. Ammo, without a doubt, has been a very good investment.
Maybe I should have bought gold when it was $300 too. I felt bad until I realized what the ammo I bought instead was worth.
Could come in handy too. I'm thinking barter, not zombies. The rest is deterent and hopefully not a physical meltdown.
PM's were my last prep.
0CD |
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Which would you pick Gold or Silver and why?
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