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GOLD VS. PLATINUM VS. SILVER --- Which is the best long term investment?
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<p>[QUOTE="Cloudsweeper99, post: 576561, member: 3011"]You keep throwing around a lot of numbers, but don't source any of them. Where does the 10million ounce number come from? Also, I very much doubt that there are 10,000 people with 100 ounces of silver each who will sell when the price rises a dollar to, say, $13. Those who do sell will probably sell to another collector who will also hold the silver, not melt it. Having been around during the last great silver melt in 1980, I would venture to say that a good portion of the silver available to melt has already been melted, and very little additional silver will come to market below $25 per ounce. Grandma's tea set is gone already. How many MS69 ASEs do you think people are going to sell to be melted? How many proofs? How many silver commems? What seems like a lot of silver in a coin shop or coin show won't satisfy industrial demand for more than a brief moment. Silver prices have risen a lot in the past 5 years, and I don't think the real price rise has even gotten started yet. Anyone who sells their silver at $20-25 is going to spend the rest of their life regretting the one big chance they had to strike it rich!</p><p><br /></p><p>Of course this is all opinion, and everyone has to decide for themselves what they forecast to happen with silver prices.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 576561, member: 3011"]You keep throwing around a lot of numbers, but don't source any of them. Where does the 10million ounce number come from? Also, I very much doubt that there are 10,000 people with 100 ounces of silver each who will sell when the price rises a dollar to, say, $13. Those who do sell will probably sell to another collector who will also hold the silver, not melt it. Having been around during the last great silver melt in 1980, I would venture to say that a good portion of the silver available to melt has already been melted, and very little additional silver will come to market below $25 per ounce. Grandma's tea set is gone already. How many MS69 ASEs do you think people are going to sell to be melted? How many proofs? How many silver commems? What seems like a lot of silver in a coin shop or coin show won't satisfy industrial demand for more than a brief moment. Silver prices have risen a lot in the past 5 years, and I don't think the real price rise has even gotten started yet. Anyone who sells their silver at $20-25 is going to spend the rest of their life regretting the one big chance they had to strike it rich! Of course this is all opinion, and everyone has to decide for themselves what they forecast to happen with silver prices.[/QUOTE]
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GOLD VS. PLATINUM VS. SILVER --- Which is the best long term investment?
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