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All this talk about silver prices falling, but no mention of gold
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<p>[QUOTE="myownprivy, post: 4283249, member: 84588"]It's the same old song. Everybody on bullion forums is obsessed with silver. Why?</p><p><br /></p><p>Silver "recovered" to $14 an ounce. Meanwhile, gold is over $1630 an ounce! In the same month that silver fell from about $17 to about $14 (a drop of 18%), gold has held strong. </p><p><br /></p><p>To put $10,000 into gold, one would need 6.1 ounces--an amount small enough to hide in one shoe. </p><p>To put $10,000 into silver, one would need 714 ounces. An amount that wouldn't even fit in a shoe box. (And if you bought it in bars to fit in the box, it would break the box if you moved it!)</p><p><br /></p><p>If you put $10,000 into gold in the beginning of the month, you'd be about even if not slightly profitable. </p><p>(About $1588 to about $1630)</p><p>If you put $10,000 into silver at the beginning March, you'd be (about $17.1 to about $14 now) you'd be down about $1,800</p><p><br /></p><p><br /></p><p>And silver is ugly![/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 4283249, member: 84588"]It's the same old song. Everybody on bullion forums is obsessed with silver. Why? Silver "recovered" to $14 an ounce. Meanwhile, gold is over $1630 an ounce! In the same month that silver fell from about $17 to about $14 (a drop of 18%), gold has held strong. To put $10,000 into gold, one would need 6.1 ounces--an amount small enough to hide in one shoe. To put $10,000 into silver, one would need 714 ounces. An amount that wouldn't even fit in a shoe box. (And if you bought it in bars to fit in the box, it would break the box if you moved it!) If you put $10,000 into gold in the beginning of the month, you'd be about even if not slightly profitable. (About $1588 to about $1630) If you put $10,000 into silver at the beginning March, you'd be (about $17.1 to about $14 now) you'd be down about $1,800 And silver is ugly![/QUOTE]
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All this talk about silver prices falling, but no mention of gold
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