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<p>[QUOTE="ProspectorCorey, post: 2244780, member: 75794"]A good thing to ask yourself before you buy, is how/why would you liquidate? </p><p><br /></p><p>Silver, has the potential for easy gains... and nearly just as quick losses. It is pretty low right now. I've read some mixed articles on cost of getting silver above ground. It's generally not a primary metal target, it is usually secondary, so the cost is a bit murky. I personally hold silver for long term. It's liquidation is relatively easy, and price jump potential great for easy gains/profit.</p><p><br /></p><p>Gold, well; it's more for storing wealth. People in "the stock market" use it basically as an inflation/market crash safeguard. It too has price swings, up and down. Just not quite as radical, % wise. Dollar wise, it fluctuates far more than silver in dollar values. But it's outlook is seemingly great especially with the current financial system. For liquidation it is by far the easiest of PMs to sell. Some places will just buy gold and no other PMs. </p><p><br /></p><p>Platinum/Palladium are both industrial metals, used in Catalytic converters in cars. neither have ever been used as a national currency as far as I can tell, unlike your Silver/Gold. They do make bullion rounds but historically speaking, it wasn't used as a currency. Also, liquidation is not as easy. Pawn shops might take platinum but look at you funny if you say palladium. if I have to sell my palladium I'll probably find a private collector. If we find a way to get rid of exhaust systems, platinum/palladium/Russia will see a huge decrease in value. </p><p><br /></p><p>In conclusion, what reason or why am I stacking? and What is my exit plan for this stack? are two very important things to ask yourself. It may help you find the answer you are looking for.</p><p><br /></p><p>Anyway, those are my two wheaties[/QUOTE]</p><p><br /></p>
[QUOTE="ProspectorCorey, post: 2244780, member: 75794"]A good thing to ask yourself before you buy, is how/why would you liquidate? Silver, has the potential for easy gains... and nearly just as quick losses. It is pretty low right now. I've read some mixed articles on cost of getting silver above ground. It's generally not a primary metal target, it is usually secondary, so the cost is a bit murky. I personally hold silver for long term. It's liquidation is relatively easy, and price jump potential great for easy gains/profit. Gold, well; it's more for storing wealth. People in "the stock market" use it basically as an inflation/market crash safeguard. It too has price swings, up and down. Just not quite as radical, % wise. Dollar wise, it fluctuates far more than silver in dollar values. But it's outlook is seemingly great especially with the current financial system. For liquidation it is by far the easiest of PMs to sell. Some places will just buy gold and no other PMs. Platinum/Palladium are both industrial metals, used in Catalytic converters in cars. neither have ever been used as a national currency as far as I can tell, unlike your Silver/Gold. They do make bullion rounds but historically speaking, it wasn't used as a currency. Also, liquidation is not as easy. Pawn shops might take platinum but look at you funny if you say palladium. if I have to sell my palladium I'll probably find a private collector. If we find a way to get rid of exhaust systems, platinum/palladium/Russia will see a huge decrease in value. In conclusion, what reason or why am I stacking? and What is my exit plan for this stack? are two very important things to ask yourself. It may help you find the answer you are looking for. Anyway, those are my two wheaties[/QUOTE]
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