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<p>[QUOTE="BigAl, post: 698570, member: 20764"]Yes, diversification is always good, but silver has many of the same qualities as gold for a mere fraction of the cost. If paper money turns into toilet paper, it is much easier bartering with silver rounds, ounces, coins, than gold. Even a 1/10th ounce of gold is about $100. How about if you need some bread or a couple of cans of beans but you only have gold coins or bars? Do you start cutting it up into small pieces? And if it is long term capital gains you seek (providing the world doesn't go to hell in a hand basket), then silver is definitely the better play. Also, it is much easier for the average Joe to buy a couple of ounces of silver here and there to put away than it is to buy gold. Silver, like gold, will always be used as a medium of exchange and will always be linked to gold. The disparity between the historic price differential of gold and silver make silver the better deal. Just think if every citizen in China decided to own one ounce of silver, there goes 1.5 to 2 billion ounces! What would happen to the price then? Gold will always be valuable but few can afford it today, so silver is the play! Words of wisdom.[/QUOTE]</p><p><br /></p>
[QUOTE="BigAl, post: 698570, member: 20764"]Yes, diversification is always good, but silver has many of the same qualities as gold for a mere fraction of the cost. If paper money turns into toilet paper, it is much easier bartering with silver rounds, ounces, coins, than gold. Even a 1/10th ounce of gold is about $100. How about if you need some bread or a couple of cans of beans but you only have gold coins or bars? Do you start cutting it up into small pieces? And if it is long term capital gains you seek (providing the world doesn't go to hell in a hand basket), then silver is definitely the better play. Also, it is much easier for the average Joe to buy a couple of ounces of silver here and there to put away than it is to buy gold. Silver, like gold, will always be used as a medium of exchange and will always be linked to gold. The disparity between the historic price differential of gold and silver make silver the better deal. Just think if every citizen in China decided to own one ounce of silver, there goes 1.5 to 2 billion ounces! What would happen to the price then? Gold will always be valuable but few can afford it today, so silver is the play! Words of wisdom.[/QUOTE]
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