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<p>[QUOTE="medoraman, post: 2000373, member: 26302"]Sorry if I got grumpy. Again, gold industrial use is not very much, but that is more because of the price. The fact it will not corrode is a huge plus, a plus that would be used a LOT more if not for the price. </p><p><br /></p><p>I just wanted to reiterate, though, that it doesn't matter. I have been a silver lover my whole life. I have never liked gold much. However, the whole argument that "silver has industrial uses and gold doesn't" is overplayed. The simple fact of the matter is silver is not gold. Silver is NOT an acceptable substitute to most of the world. Go to gold crazy countries like Turkey, China, India, etc and if an ounce of gold is too high the ONLY substitute is less gold. They simply do not care what the price of silver is. Its like saying, "the price of gold is too high, why not buy a bologna sandwich instead"? They simply have no interest in silver, (or the bologna sandwich), for jewelry so the comparison is false. </p><p><br /></p><p>So, what we have it two distinct markets, tha have little to do with each other than some western investment demand. To the extent they move together in price is showing you still the power of western investment demand. I fully expect one day for these two to completely separate pricing patterns once western investment demand is no longer the primary driver of pricing behavior. Now, do I know which will be a better metal to hold? I have no stinking idea. Right now I am adding some to my gold pile for two reasons. One, I have always bought silver so I mainly own silver. Two, I am simply running out of room in the XL sdb I own.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2000373, member: 26302"]Sorry if I got grumpy. Again, gold industrial use is not very much, but that is more because of the price. The fact it will not corrode is a huge plus, a plus that would be used a LOT more if not for the price. I just wanted to reiterate, though, that it doesn't matter. I have been a silver lover my whole life. I have never liked gold much. However, the whole argument that "silver has industrial uses and gold doesn't" is overplayed. The simple fact of the matter is silver is not gold. Silver is NOT an acceptable substitute to most of the world. Go to gold crazy countries like Turkey, China, India, etc and if an ounce of gold is too high the ONLY substitute is less gold. They simply do not care what the price of silver is. Its like saying, "the price of gold is too high, why not buy a bologna sandwich instead"? They simply have no interest in silver, (or the bologna sandwich), for jewelry so the comparison is false. So, what we have it two distinct markets, tha have little to do with each other than some western investment demand. To the extent they move together in price is showing you still the power of western investment demand. I fully expect one day for these two to completely separate pricing patterns once western investment demand is no longer the primary driver of pricing behavior. Now, do I know which will be a better metal to hold? I have no stinking idea. Right now I am adding some to my gold pile for two reasons. One, I have always bought silver so I mainly own silver. Two, I am simply running out of room in the XL sdb I own.[/QUOTE]
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