Silver or Gold

Discussion in 'Bullion Investing' started by schepys_coins, Jan 6, 2019.

  1. schepys_coins

    schepys_coins Eric's Best Friend

    I am thinking about buying some bullion from my local coin shop, should I get a 1/10 gold eagle or get some junk silver. I have been debating about this in my head for a few days. I would like to know everyone's else opinion about this topic.
     
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  3. CoinBlazer

    CoinBlazer Registry Set Enthusiast

    Well, it depends why you want it. Resell, investment or collecting?
     
  4. schepys_coins

    schepys_coins Eric's Best Friend

    I'm looking to invest
     
  5. CoinBlazer

    CoinBlazer Registry Set Enthusiast

    then you don't want a tenth oz eagle. Fractional bullion usually holds a higher premium than a full oz. More bang for your buck if you go with a full oz.
     
  6. schepys_coins

    schepys_coins Eric's Best Friend

    k
     
  7. EdThelorax

    EdThelorax Active Member

    I would go with 999. Junk is called that for a reason. It will lose any premium if silver does a moon shot. I believe silver has bottomed vs gold as can be seem in the topping of the GSR.
    [​IMG]
     
  8. TheFinn

    TheFinn Well-Known Member

    Gold. Acceptable everywhere in the world, and it takes up much less space.
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    For sure Silver !! would by ASE,S still a good value and easy to
    Unload if the need arises :)
     
  10. Noah Finney

    Noah Finney Morgan / Gold Indian Member

    Gold and silver looks good, Silver looks like it might skyrocket because people want to go all solar panel and there is silver in solar panels. Like TheFinn said though, gold is acceptable anywhere in the world.
     
  11. EdThelorax

    EdThelorax Active Member

    Approximately 90% of the gold ever mined is still available. About the same % of silver ever mined is gone forever in unrecoverable uses.
     
  12. myownprivy

    myownprivy Well-Known Member

    Interesting. I see responses from multiple people I have on ignore in this thread. I am sure they have some real pearl of wisdoms for you.
     
  13. imrich

    imrich Supporter! Supporter

    @CoinBlazer is correct! Only purchase small denomination Gold Eagles if you want a Gold coin, not as an investment. You'd be better off saving for a common date half or double eagle.

    Generally, in a rising Silver market, it takes an initial advancement to just recover the premium paid for bullion ASEs. If you invest in silver coinage of reasonable quality/size at a minimum premium, you've a greater bullion/numismatic potential for profit. Just my life-long opinion/experience, worth at least your paid price.

    You'd be smart to determine who started, and why the term "junk Silver" was "coined"!

    JMHO
     
    SLACKACTION likes this.
  14. schepys_coins

    schepys_coins Eric's Best Friend

    Ok thanks
     
  15. EdThelorax

    EdThelorax Active Member

    There are several online bullion dealers that have "Starter packs" of 10 silver .999 rounds at or near spot. You can google it.
     
  16. Prez2

    Prez2 Active Member

    Silver has the best profit potential IMO.
     
  17. myownprivy

    myownprivy Well-Known Member

    I don't think there is one right answer for whether you should buy silver or gold. What guides me when I decide to buy is the following:

    1) What do I like. What will I enjoy looking at? Thinking about. Holding.
    2) How easy will it be to resell? A) so how much demand is there B) is it easy to authenticate? C) How well does it hold its value?
    3) Premium: how much of a premium am I paying over the spot price?

    So for me, the answer is a full ounce gold Maple leaf.
    1) It's beautiful.
    2) It's more widely purchased and accepted than the Eagle. Its radial lines and security privy make it almost impossible to counterfeit. On top of that, the RCM DNA authentication system (see my featured post) make it simple to resell at coin shops or shows.
    3) A full ounce can be purchased for only a few percentage points over spot, making your initial cost minimal.

    However, also meeting the above criteria for me is: fractional Maples or Eagles if you can find one no more than 5% over spot. These are so small, they are unlikely to be counterfeited. American and Canadian junk silver is also a decent option.
     
  18. Clawcoins

    Clawcoins Well-Known Member

    Everyone's perspective will be different.

    Up until recently I would have told you to buy ASEs.
    But I've been dumping my silver. It doesn't hold well anymore in my portfolio so I've converted it to cash.

    But I still like Gold.
    "like" as in it looks pretty in coin form (I really like the Pre-1933s) but I would never buy it in generic round or bar form.

    If you are going to buy gold get the 1oz AGE or pre33s. try to minimize above spot that you pay. Never buy it slabbed/graded unless you are looking for that (as long as you know you may never get back the premium you pay dependent upon the market). Although you can sometimes get the $5 and $10 gold modern commems for really cheap if you buy "any year" variety from the major sellers.

    And buy your stuff from a very good source so you don't end up with a fake or something.
     
    Last edited: Jan 7, 2019
  19. crazyd

    crazyd Member

    My newbie view after reading here - is that fractional gold eagles or maples are a better "deal" than silver. This is based on premiums as a percent of their spot value of the metal. Of course even fractional gold is so much more expensive to the average person than silver. Still I have cut down my ASE's and look to add a 1/2 oz or maybe 1/4 oz gild coin each year in place of other silver and coins I used to buy. But I clarify I am a newbie on this - it is my view so far. I also buy coins I like regardless of % over spot for collection reasons.
     
  20. Seattlite86

    Seattlite86 Outspoken Member

    Let me start by saying I’ve never sold any of my billion investments, so take my advice with a grain of salt. My gut answer is whichever you can get for the least amount over spot. Gold is obviously smaller and easier to store, but you can get a lot of cool 90% US coins for the cost of a single gold coin. As far as investing, I’d suggest keeping a diverse portfolio and maybe a bit of each.
     
    Gilbert likes this.
  21. Collecting Nut

    Collecting Nut Borderline Hoarder

    Gold:
    easier to store
    takes up less space
    If gold is $1300 per ounce it would have to go to $2600 to double your money. has always been in demand
    higher costs to buy smaller amounts

    Silver:
    takes more room to store
    takes more space to store
    less expensive than gold so easier to buy to average your price while the PN's go up and down
    If silver is $14 per ounce it only needs to go to $28 to double your money.

    Junk Silver:
    takes even more space to store
    can be readily used to buy goods in a total market collapse
    fun to go through, different dates and mintmarks
    easy to collect a set of coins with when you change your mind

    Look at all aspects of what you want to accomplish. Write the positive and negative qualities for gold, silver and junk silver. Also, each silver dollar contains .7734 ounces of silver and the price remains strong, especially for the Morgan Dollars.
     
    schepys_coins and Prez2 like this.
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