Do you think Gold or Silver is a better investment right now?

Discussion in 'Bullion Investing' started by Gam3rBlake, Nov 17, 2020.

  1. Gam3rBlake

    Gam3rBlake Active Member

    Just curious what are your thoughts on precious metals investing when it comes to choosing between gold and silver?

    I have a couple American Gold Eagles and a couple tubes of American Silver Eagles but now that I have some of both I’m not sure which one would be better to continue adding too?

    I know no one can tell the future so I’m not asking which one will perform better I’m just curious to hear people’s thoughts on why they choose gold over silver or silver over gold or 50:50 of both.

    Thanks :)
     
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  3. SensibleSal66

    SensibleSal66 Well-Known Member

    Neither , sell sell sell
     
  4. Mr Roots

    Mr Roots Underneath The Bridge

    I think silver will double before gold....I’m still a fan of gold and have slightly more money in gold than silver and my future money is going towards gold if I ever buy again.
     
    imrich likes this.
  5. Gam3rBlake

    Gam3rBlake Active Member


    ??

    Why would I want to sell?

    Political instability is at an all time high and with the stock mar&3r in for a serious correction (and potentially a recession) in the near future I definitely want my hands on PMs right now.
     
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  6. SensibleSal66

    SensibleSal66 Well-Known Member

    I was joking , so you can buy mine ,
     
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  7. Gam3rBlake

    Gam3rBlake Active Member

    I’m in the same situation. I have like 2 American Gold Eagle 1oz coins and they’re worth more than two entire 20x tubes of American Silver Eagles and it blows my mind to see how little the gold looks in comparison.

    I want to be in a situation where my precious metals act as a sort of insurance for my stock market investments since the stock market and PMs usually go in opposite directions.

    It’s definitely easier to store a handful of gold coins than it is to hide 5 silver kilogram bars.
     
  8. SensibleSal66

    SensibleSal66 Well-Known Member

  9. Gam3rBlake

    Gam3rBlake Active Member


    Oh man you had me scared!

    I was thinking “Oh damn did I just buy PMs when I should be selling?! ”.
     
  10. Gam3rBlake

    Gam3rBlake Active Member


    PMs = Precious Metals.

    Usually referring to gold, silver, platinum and palladium.
     
  11. SensibleSal66

    SensibleSal66 Well-Known Member

  12. SensibleSal66

    SensibleSal66 Well-Known Member

    yeah, what's up with Palladium lately ?
     
  13. SensibleSal66

    SensibleSal66 Well-Known Member

    And plat used to be more than Gold.
     
  14. Gam3rBlake

    Gam3rBlake Active Member


    I don’t invest in palladium so I have no clue.

    I like to keep things simple: gold & silver.

    They’ve been money for thousands of years and have never been worthless.

    Maybe when we start mining asteroids and stuff but that’ll be a while.
     
    fretboard likes this.
  15. SensibleSal66

    SensibleSal66 Well-Known Member

    I have space Rocks . That count You want in > >?
     
  16. Gam3rBlake

    Gam3rBlake Active Member

    I like platinum rings but aside from that I never liked it much.

    Ironically advertisers always use “platinum” as a superior level to gold even though gold is worth more.

    For example: “Platinum Member” is higher than “Gold Member” or “Platinum Trophy” is above “Gold Trophy”..

    silly stuff.
     
  17. Gam3rBlake

    Gam3rBlake Active Member


    Are you high?
     
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  18. SensibleSal66

    SensibleSal66 Well-Known Member

    I was but not sure now .LOL I know , Platinum always was more than Gold I thought .
     
    fretboard likes this.
  19. Gam3rBlake

    Gam3rBlake Active Member


    xD Yeah it used to be.

    Idk why the price dropped so much.

    Maybe it’s because catalytic converters are being made with palladium now instead of platinum.
     
  20. SensibleSal66

    SensibleSal66 Well-Known Member

    I didn't know that. good to know . Palladium used to be used in Jewelry , don't know now though. I mean like those guys that make it out of worn coins .
     
  21. Gam3rBlake

    Gam3rBlake Active Member


    Ugh turning coins into jewelry should be a crime!

    I’m studying Classical History in college and I’ve seen amazing examples of Ancient Greek/Roman coins with giant holes poked through them because someone thought they’d make a nice necklace. :(

    The worst case was a gold Aureus minted under Marcus Junius Brutus. The same man who helped assassinate Caesar. The coin had a giant hole through one of the two daggers on the reverse symbolizing that act. Such an amazing historical relic...destroyed for jewelry.

    I don’t know why people can’t just buy replicas if they’re going to ruin it by poking a big hole in it..
     

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