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

    I imagine gold is much easier to store too right?

    I mean a single 20x tube of 1oz American Gold Eagles is worth nearly $40,000.

    Whereas you would need 3 entire monster boxes of 500 American Silver Eagles to have the same value in silver.

    Much easier to carry a single tube on you person.

    I wish I had more gold.

    This is all I got and I bought late. :(
    005E6F41-6835-4E63-B2FE-630DF4FD15AA.jpeg
     
    Last edited: Nov 22, 2020
    GoldFinger1969 likes this.
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  3. fretboard

    fretboard Defender of Old Coinage!

    Yeah, silver is bulky, not that it can't make money as it may reach $40-$50 nobody knows. What do you mean, you bought late? Did you buy before July 2020?
     
  4. Gam3rBlake

    Gam3rBlake Active Member

    Gotchya.

    Yeah when I say I bought late I mean like a month ago. Way after July 2020. But I didn’t want to wait for prices to go down in case they just kept going up. So I bought some at current prices just to be safe.
     
  5. FryDaddyJr

    FryDaddyJr Junior Member


    How could a human being know any less than the clown in chief we have now. Elect a clown get a circus
     
    slackaction1 and fretboard like this.
  6. fretboard

    fretboard Defender of Old Coinage!

    Yeah, I hear you, I bought late as well. After the July bull run, I thought I would gamble a little so my last gold buy was August 4! I'm holding off now, but we'll see, I mean I may buy again. ;) I don't normally buy PM's for top dollar but I honestly think it's going up so you'll be alright, and so will I! :D
     
  7. fretboard

    fretboard Defender of Old Coinage!

    I forgot, I just bought another gold piece on 11/19 and I'll show pics in a couple of days! :D
     
    GoldFinger1969 likes this.
  8. manny9655

    manny9655 Well-Known Member

    Silver is up 46% in 2020. Gold is up only about 29%. Do the math. And rare coins haven't kept pace with bullion at all.
     
  9. manny9655

    manny9655 Well-Known Member

    Palladium is also used a lot in the medical and electronics industries. There is more demand than in the past.
     
  10. Gam3rBlake

    Gam3rBlake Active Member

    Past performance is no indication of future performance.

    You say silver is up 46% but are the markets being manipulated? If so there could be a big dip coming.

    The gold market however is too large for prices to be manipulated very much.

    It would take a group of nations with large gold reserves conspiring together to really cause serious gold price manipulation.

    Whereas a small rich group (example: Bill Gates, Jeff Bezos, Warren Buffet and Elon Musk) could use their combined wealth to buy up a large majority of the world’s silver and then sell it back at much higher prices.

    Think of the Hunt brothers! They were responsible for driving silver up over $50/oz back in the 1980s because they bought up all the silver and basically could choose whatever price they wanted.

    That wouldn’t be possible in the gold market just due to how much money it would require to do it. Tens of trillions of dollars.
     
    GoldFinger1969 likes this.
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Buy periodically.

    Also look at Maple Leafs, Kruggerands, Buffalos, and Liberty's/Saint-Gaudens.
     
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    No manipulation.

    Both markets are tiny compared to the foreign exchange markets.

    But they are big enough to avoid being moved by most buys/sells.

    Easier to do that in more liquid markets.

    Nobody is lending them tens of billions on their stock holdings to manipulate commodity prices -- they'd be charged as accessories.

    No, they couldn't...the price collapsed because THEY WERE the market. They controlled 1/3rd of the supply in January 1980. But futures markets were much more illiquid back then.

    Couldn't happen today.

    No, the gold market trades about $50 billion a day.....a few hundred million in new buying, $1-$2 billion tops, moves it bigtime.
     
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Most circuses run a profit.

    The incoming guy has spent 47 years in Washington. :D
     
    slackaction1 likes this.
  14. Gam3rBlake

    Gam3rBlake Active Member

    I’ve had Krugerrands in the past but never was a big fan of them. I think because I don’t like coins that just have someone’s head on the obverse whether it’s Paul Kruger or Queen Elizabeth II.

    I like the American Gold & Silver Eagles because it has Lady Liberty artistically depicted on the obverse. Not just a head.
     
    GoldFinger1969 likes this.
  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Check out the Saints then, you'll love 'em.
    :D
     
  16. Gam3rBlake

    Gam3rBlake Active Member

    Well the Saint’s just have the same obverse as the American Gold Eagle.

    The one thing I don’t like about them is that they are a weird amount of gold and not 1 Troy oz.
     
  17. losthomer

    losthomer Active Member

    I love it when someone calls other people stupid and doesn't know which words to use. Like the difference between no and know.
     
    FryDaddyJr likes this.
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