I would keep the silver, I think it has more potential then the others due to its low price point. Plus unlike an OZ of gold or platinum you could sell off a small amount if needed. Take into consideration that you have approx 50 ounces of silver to 1 ounce of gold. so for every $.50 day silver has gold has to have a $25 day to match... Also consider that silver is the second most useful commodity on the planet and a number of other reasons I won't go into here... but like I said, i'd keep the silver~
I would say some will depend on yoru time horizon you wish to hold it. I say that since gold is a better market, with better spreads. PT can be bad, with high buy premiums, and low sell premiums. How you minimize this is by holding for decades. Myself I would chose PT, but that is partially because I own some gold. If I had neither of them, I might choose the gold for my first purchase of high value metals.
That... doesn't make any sense at all. You might as well say "I'm going to buy gold by the gram instead of the ounce, because for every $1/gram day you'd need a $31/oz day".
Yeah, I am keeping the silver...I was hoping to diversify a bit and get something different right now. I have done really well on the silver...I started buying around $10/oz and basically added all the way up to $49 when I sold a large chunk (funny thing is I sold it at a coin show on a Sunday last year which was 2 days after the high and before it came down lol!). I have been adding more since. I do already have a small amount of gold.
The rhodium suggestion is interesting because the thought actually crossed my mind. I know it was at like $10,000 a few years back. I just think I'd loke something more well-known and sought after...but I will keep an eye on the price. After much deliberation I believe I will get platinum Thanks folks!
On that note, gold being less dense is more ideal for jewelry since you get more useable material from the same amount of weight. Same reason why 1 oz silver coins are larger than 1 oz gold coins.
There are huge existing stockpiles of Gold; Rh is 150x rarer and nowhere stockpiled. By the Rh/Au Ratio, Rhodium is wicked cheap.
Rhodium is not a monetary metal so a ratio comparison to gold has no meaning. There are huge stockpiles of gold because the world's central banks and governments consider gold to be an asset hedge against fiat paper. They go to great expense to maintain and secure these stockpiles. This alone gives it a value that no other metal on the planet possesses.
Abit more on the Au/Rh ratio: http://www.mining.com/rhodium-a-position-addition-to-a-precious-metals-portfolio/ Kitco has Rhodium charts and quotes and commentary, etc. - only a querulous nebbish would wrongly assert otherwise. http://www.kitco.com/charts/rhodium.html Kitco also sells Rhodium - it seems like more and more of the better US vendors are. Why does that enrage some Gold-Bugs? https://online.kitco.com/products/31032/1_oz_Rhodium_Baird_Co_Bar.html
Good choice! It has only been the last 3-4 years that gold became more expensive than platinum. I think there will come a time of equalization wherein that will change back to historic trends. Whether that will be up or down, I dare not predict.
I don't see people getting mad. I would just be nervous about something as esoteric as rhodium, as I believe the market is very thin. One of the chief concerns about an investment has to be ease of selling, and I think gold beats most other PM in terms of low buy/sell spread and ease of selling. Go to 50 places in any city in the world and you can get close to market price for your gold. How many places can you sell your rhodium for full value? Advising something like rhodium and you might as well advocate rare earth metals also. I think they have a great future, but I would not be physically buying them myself, I would instead invest in companies with exposure to them.
What is a gold bug and why would they be enraged? You are not even addressing the OP's question. The question was about gold, platinum and palladium. Coins are minted by most of the major mints in all 3 of those metals. The only place that tried to produce a rhodium coin went out of business. (most likely due to the extreme drop in Rhodium prices over the last couple of years)
Since we're on the topic of "what would you do" AND I'm a newbie here - in general, would it make sense to sell my pre-1933 coins and invest the proceeds in bullion? I know this would vary by coin (age, condition, etc.) but, since I am not a coin collector but I am buying bullion, would it make sense to "convert" the value of the coins into gold and silver bullion or other hard metal assets? Thanks for any input and thanks in advance for enduring a naive question. . .
Gold is the best choice. Easy to buy...easy to sell. Much easier than platinum, palladium, and especially rhodium. TC
Keep the coins because they are already gold and should have a numismatic floor value should gold fall in price.