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If you really are going long term -- BUY GOLD NOT SILVER
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<p>[QUOTE="goldcollector, post: 2566205, member: 9088"]First this is JMO of course like everything everyone posts is JO. Anyways it seems most of the board consensus is Silver is the long term buy which only makes sense. Silver is $17 and Gold is $1225 so of course there is going to be more people with silver than with gold.</p><p><br /></p><p>But anyways I believe that history shows that long term gold is the better hold. Of course anyone can cherry pick spots to make their point look right but if we look at the ENTIRE GSR charts over the last 50 years ( where the prices have moved somewhat freely ) we see that the GSR pretty much goes in one direction - UPWARD. Now yes you can cherry pick a spot where it went down, of course but I am talking about over the entire 50 years. It started at 16 went up to 30 and kept going up.</p><p><br /></p><p>I hear silver siders often say the GSR will fall back to 5 or 7 ( I have even heard them claim lower ) but seriously how can anyone really believe it will ever fall back below 40 ?</p><p>When I really got into buying PM's the GSR was 45 or 50 and they claimed anyday now it will be single digits. Then I watched it go to 55 then to 60 then to 65 now over 70. The trajectory seems clear. And this isn't a 2 or 3 month trajectory. Its 50 years !!!!</p><p><br /></p><p>Now Im not saying silver cant have a good run and get back down to 62 or 65. I seriously doubt it, but it could happen. But anything below 55 -58. Nope. I believe in the next 15-20 years the GSR will be over 100 and the silver side will be dreaming of 71.</p><p><br /></p><p>Now if youre a flipper who can buy today at $17.50 and sell tomorrow at $19 then that's a different story. That's someone who is working their butt off to make a quick couple bucks. Nothing wrong with that but that's not what I am talking about here. I am talking about those buying looking for long term hold. IMO Gold is the play not silver. The whole world respects Gold, silver not so much.</p><p><br /></p><p>Im just saying ur better off to hold off and save up until you can buy gold. Even the 1/10 AGEs can be had at a 6-7% premium which is horrible for gold but really good for silver. That's equivalent to paying $18.50 an ounce when spot is $17.40 like now. (6%). Silver premiums are too high which is another good reason to be gold. Its quality not quantity.[/QUOTE]</p><p><br /></p>
[QUOTE="goldcollector, post: 2566205, member: 9088"]First this is JMO of course like everything everyone posts is JO. Anyways it seems most of the board consensus is Silver is the long term buy which only makes sense. Silver is $17 and Gold is $1225 so of course there is going to be more people with silver than with gold. But anyways I believe that history shows that long term gold is the better hold. Of course anyone can cherry pick spots to make their point look right but if we look at the ENTIRE GSR charts over the last 50 years ( where the prices have moved somewhat freely ) we see that the GSR pretty much goes in one direction - UPWARD. Now yes you can cherry pick a spot where it went down, of course but I am talking about over the entire 50 years. It started at 16 went up to 30 and kept going up. I hear silver siders often say the GSR will fall back to 5 or 7 ( I have even heard them claim lower ) but seriously how can anyone really believe it will ever fall back below 40 ? When I really got into buying PM's the GSR was 45 or 50 and they claimed anyday now it will be single digits. Then I watched it go to 55 then to 60 then to 65 now over 70. The trajectory seems clear. And this isn't a 2 or 3 month trajectory. Its 50 years !!!! Now Im not saying silver cant have a good run and get back down to 62 or 65. I seriously doubt it, but it could happen. But anything below 55 -58. Nope. I believe in the next 15-20 years the GSR will be over 100 and the silver side will be dreaming of 71. Now if youre a flipper who can buy today at $17.50 and sell tomorrow at $19 then that's a different story. That's someone who is working their butt off to make a quick couple bucks. Nothing wrong with that but that's not what I am talking about here. I am talking about those buying looking for long term hold. IMO Gold is the play not silver. The whole world respects Gold, silver not so much. Im just saying ur better off to hold off and save up until you can buy gold. Even the 1/10 AGEs can be had at a 6-7% premium which is horrible for gold but really good for silver. That's equivalent to paying $18.50 an ounce when spot is $17.40 like now. (6%). Silver premiums are too high which is another good reason to be gold. Its quality not quantity.[/QUOTE]
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If you really are going long term -- BUY GOLD NOT SILVER
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