Buy silver or gold with $5000?

Discussion in 'Bullion Investing' started by Silvertip1958, Nov 29, 2011.

  1. Hawkwing74

    Hawkwing74 Member

    If I had 5k to invest that I didn't "need" I'd probably go half and half...maybe 1.5 ounces of gold and the rest in silver. On my low budget, I end up buying mostly silver in the real world.
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  3. buyingsilvers

    buyingsilvers New Member

    To me, they all have their advantages an disadvantages.

    The advantages of standing lib quarter, franklin or standing halves, merc dimes, or barbers is reclegnizability and slight numis. premium (assuming they're in decent condition and all in a single lot). Disadvantage is that they tend to be more worn (less actual silver content)

    Newer washington quarter or roos dimes and kennedy halves tend to have a lot more "meat" on them, but lack the easy recognizability that they're silver.

    The thought is that if......., things like mercs will be better when dealing with J6P.

    To me, the entire issue is a "mountain out of a mole hill" type of deal. I will buy whatever's convenient or cheapest for the dollar. Because if you're truly prepared metalwise for ......, it really aint going to matter if that $1000+ face of junk silver is dollars, quarter, dimes, halves or any mix. After a certain point, worrying about the exact denomination makeup of your junk silver stash just becomes silly. After a certain pint, you're going to want halves because the bigger denomination coins are easier to work with. Morgan/peace dollars tend to carry heavier premiuums, but halves are still good. Try counting/verifying $100 face in dimes, and tell me you want your entire stash in mercs.
    Last edited by a moderator: Dec 16, 2017
  4. FryDaddyJr

    FryDaddyJr Junior Member

    how many peple under age 30 have ever seen a mercury dime or standing liberty? I don't know i think maples get you a nice coin for the money. not that I don't have junk silver though. I like it all. My favorite junk silver are morgans.
  5. 352sdeer

    352sdeer Well-Known Member

    Well just look at what your silver has done over the last five years
  6. 352sdeer

    352sdeer Well-Known Member

    Silver is down almost 50% and gold is down 27% that’s over five years. Buy it if you want to own some to smile at, hold, stack, fondle, grope or what ever else buy some.
    But it’s what we call at the craps table:
    A SUCKER BET. :banghead::banghead::banghead:

    Hopefully you won’t have to be dead to realize any profits from your silver. Gold I’m more hopeful of.
  7. 352sdeer

    352sdeer Well-Known Member

    If the world does go into hit the fan mode I’ll just find what I need and take it. I’m not stock piling anything except fuel, food, bullets and GUNS. I’ll take what else I need by force. Don’t think poorly of me because it’s no holds bared and if you don’t watch it you’ll be dead. Pretty silver and gold bobbles tend to get you dead real quick I’ll bet. If you do any reading on the subject I think you’ll find that most of the gold and silver bullion are just to large a denomination for day to day trade. You want to buy a loaf of bread don’t pull out that $20 gold piece or that’s how much it’ll be...$20 gold,
    What something you payed $1800 just bought a loaf of bread! I would have payed 2 rolls of nickels and a roll of copper cents for mine thank you very much. What good are investment metals when your fighting for your life?
    Still I’d buy gold just to make me feel good albeit not a sound investment vehicle. However I still don’t like an investment vehicle that is as volitile as silver has proven itself to be over the last number of years. It’s just so hard to choose what is proper for ones portfolio. Everybody’s situation is different. Even though I can afford to take a loss on an investment I’d rather not and choose to only invest in vehicles that are less volitile in nature. I DONT BET ON LOOSERS.
  8. myownprivy

    myownprivy Well-Known Member

    Pheonix and FryDaddyJr like this.
  9. 352sdeer

    352sdeer Well-Known Member

    Or winner, according to my point of view.
  10. asheland

    asheland The Silver Lion

    I would probably do an ounce of gold and the rest silver. Or all silver.
  11. Santinidollar

    Santinidollar Supporter! Supporter

    If you have $5,000 to invest, I suggest starting with something else besides gold and silver. Take a look at stock index mutual funds or several funds that invest in companies with a history of raising dividends. Roll the dividends back into more shares of the funds. Your money will grow, even during down market times.

    PMs, to me, particularly gold, are a hedge to your mainstream investments. For purposes of disclosure, I do not invest in silver.
    medoraman and 352sdeer like this.
  12. medoraman

    medoraman Supporter! Supporter

    Silver has always been more volatile, same as platinum. In a down market like this one it would offer more upside.

    I agree though thay pm are hedge investments, and you should start investing in more traditional investments before you worry about hedging that risk.
    352sdeer likes this.
  13. gamebird98

    gamebird98 Active Member

    Build a certificate of deposit ladder.
  14. Garlicus

    Garlicus Debt is dumb, cash is king.

    CDs??? In this low rate environment, you lose money to inflation.
    If not putting the money into PMs, spread the money across four types of mutual funds: growth, aggressive growth, growth and income, and international.
    352sdeer likes this.
  15. (2) 2017 proof gold buffaloes graded NGC- 70's first day of issue, (1) 2016 gold walking Liberty half graded pcgs sp-70, And (1) pcgs sp-70 gold Mercury dime... Works for me. :)
  16. coinsareus10

    coinsareus10 Active Member

    This. And find yourself a good wealth management advisor.

  17. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    Six years after the question, hopefully you didn't buy either?
    Pheonix likes this.
  18. Santinidollar

    Santinidollar Supporter! Supporter

    Just noticed the OP posted six years ago. Hope he put his five grand into the stock market back then.
    Pheonix, LA_Geezer and Garlicus like this.
  19. LA_Geezer

    LA_Geezer Well-Known Member

    From what I've learned here, silver would be the better choice. It would be easier to unload in a world economic crisis. Given the goings-on in the stock market, there's probably not much chance of that. I have about 1000 ASEs and no gold. I have been thinking about getting an AGE just to look at.
    asheland likes this.
  20. FryDaddyJr

    FryDaddyJr Junior Member

    How many firefights will you live through and how safe is your wooden house?

    continue to insert "The Postman" into your VCR [...]
    Last edited by a moderator: Dec 16, 2017
  21. Pheonix

    Pheonix New Member

    So with the stock market doing so well, and so much talk about a big correction looming in 2018 why wouldn't now be a good time to move some investment money to PM?
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