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deleted
86 Posts |
 Posted - 02/03/2008 : 14:54:32
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Even though Pallidium will eventually have a strong rise, I still think silver will be the "bang for the buck" in the long term vs other PMs. Other than buying nickels. Opinions?
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/03/2008 : 17:01:51
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quote:
Originally posted by Non-wise man
Even though Pallidium will eventually have a strong rise, I still think silver will be the "bang for the buck" in the long term vs other PMs. Other than buying nickels. Opinions?
Buy nickels.  
The thing about silver is that it is both an idustrial metal and a monetary metal too. Pallidium is an industrial metal with no history of being a monetary metal that I know of. That is not to say its price is not effected by the rise and perhaps fall of gold prices.
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Think positive. |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 02/04/2008 : 23:18:11
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| Silver is more widely recognized and understood by the Generally Dumb Public. It's that knowledge that would best position you for a barter medium that could be swapped for food, gasoline, etc. US 90% silver coins are a good way to build up a supply, although the prices are much higher than even a few months ago. Silver "rounds" (1 Troy Oz of 999 fine silver) are also an alternative. For your own silver round stockpile, I'd buy product of Engelhard, JM or other known and trusted smelters and refiners. You can buy a gazillion different designs of rounds, but do you want to barter with a round that says "Merry Christmas 1986 or John Deere Tractors are Best." Those are typical of the types of rounds that you may encounter. Nothing like the heft of one ounce of silver. And that true ring of real tangible value when you slightly touch 2 together. You'll need an entire $100 box of nickels to but about 6 oz of silver these days. Great investment, though, even at these lofty levels. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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fiatboy
Administrator
912 Posts |
Posted - 02/04/2008 : 23:27:12
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Puh-leeeazze.......Engelhards can't hold a candle to my "Happy Holloween" silver rounds.  |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/05/2008 : 14:02:38
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quote:
Originally posted by Non-wise man
Even though Pallidium will eventually have a strong rise, I still think silver will be the "bang for the buck" in the long term vs other PMs. Other than buying nickels. Opinions?
It is a toss up for me between palladium and silver.
With silver many people feel that a 32:1 silver to gold price is about average historically and that 16:1 is possible. At the current gold price ($888) that would be either $27.75 for an ounce of silver or $55.50 if goes to the extreme. So that is a 70% gain on the low end needed to catch up to gold.
On the other palladium is sitting at $416 and platinum and $1776. With a spread that large, palladium could double in price and still look cheap compared to its sister metal.
A conservative play might be do a couple of paired trades: short gold and long silver and/or short platinum and long palladium. That way you make money as long the gap closes (even if both metals go down) and you only lose if the gap grows. |
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Bang for the Buck (or value)
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