Buying silver bullion for the big payout?

Just curious do you feel the same for gold? Because isint there more Gold right now then there is Silver?

 

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I'll continue to buy silver but I won't be 'investing' in it. Those days are gone. I made my money..........

 

Yes I do feel the same about Gold, this name was made years ago when gold was around $500. And no, there is not more Gold than silver.

 

Couldn't agree more.

 

That is something that just gets way more press then it merits. Mostly from the folks that want to sell you Silver and separate you from your hard earned fiat. The simple reason there is more above ground gold then silver is Silver gets used up and Gold does not.

Somebody once said about Gold is they dig it out of one hole just to put it in another hole and put guards around it.

New supply comes from the ground, where Silver is extracted at much higher rate at about $20.00 an oz. and the cost of gold is around $1,000 an oz. to dig.

 

Plus, the majority of silver is mined as a byproduct. Copper and tin mines produce lots of silver, as do some gold mines. A pure silver mine is pretty scarce. Gold, otoh, usually is mined in a gold mine. As a result, gold production is relatively easier to shut off if the demand isn't there. Silver will continue to be produced as long as there is ample demand for copper and tin.

Still, even after buying some gold coins lately, I find silver a prettier metal. Its just so darn shiny.

 

all it is, supply n demand ....