The case to be made for gold vs silver

Discussion in 'Bullion Investing' started by Jason.A, Jul 16, 2017.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    And I seem to remember that the premiums were fairly constant -- but I don't have numbers to back it up, so I could be misremembering.

    The one thing I do remember clearly is nicer and nicer coins going for spot value. I got lots of Barber halves and nice Mercs and Walkers around spot. As the price of silver fell, their premiums re-emerged, and they're back to going for more than the 1950s-60s stuff.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Don P

    Don P New Member

    Personally, I would stick to silver ASEs.

    Simply because, what if you only need a couple hundred dollars or trade for small items. How are you going to sell 1/50th or 1/100th of a gold coin or bar?
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    I don't usually think in post-apocalyptic terms for my PM position. I guess the idea is that you use the gold to hire your mercenaries, and send them out to raid for the small items.
     
  5. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    They do make/sell fractional gold pieces for a bit more premium. The mercenary/raid idea would be a definite possibility in those type of situation, but this thread is about gold-vs-silver for more current situations, not future apocalyptic strategies, I think anyway.
     
  6. crazyd

    crazyd Member

    I suspect my "stack" of antibiotics may be worth more than gold or silver in an apocalypse :)
     
  7. sakata

    sakata Devil's Advocate Supporter

    I suspect my garden full of antibiotics may be even more useful and they are self-replenishing.
     
  8. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    I'm not sure, but I believe you're supposed to harvest and eat those before they get moldy....maybe that's just me
     
    Stevearino and -jeffB like this.
  9. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    Where the heck did you find antibiotic seeds??? :wideyed:
     
    moneycostingmemoney likes this.
  10. Old Coin Dawg

    Old Coin Dawg Member

    I prefer silver over gold! My reason for this is " it is easier to buy silver" and then if we had a major problem in our world " the silver would be easier to buy needed goods" silver coin is seen more by the average person.
     
  11. Alaska stacker

    Alaska stacker New Member

    Silver definitely has its place in my stack as well, but I have difficulty storing it all to certain point. Between 250-300 oz right now and its starting to get tough for my situation. I shifted to gold, mostly fractional coins for the time being.
     
  12. Goldpiece

    Goldpiece New Member

    Okay, here comes an uppity "newbie" poster with some years of analysis on this very subject.

    I own some silver (really too much) and had I the BRAINS to dump it when I ..."began" ...to sell at 35-40 sold ALL of it, I'd be a much happier camper.

    I've always joked that silver has medical uses as it regularly cuts the heart out of people who have it.

    As you might gather, I'm a GOLDbug.

    Gold is not only FAR more liquid if you sell, but also more liquid in places other than the US.

    (Note: my comments don't apply to SMALL physical holdings which I would call less than 50 oz gold and 500-1000 oz silver)

    Historically, MOST Asians won't even consider silver to buy at coin shops.

    The REAL bugaboo is the liquidity.

    During major market swings, GOLD will most closely follow "spot" prices.
    While silver will change drastically dependent on the reasons for swings. Silver will be purchased very low during a rapid "rise" in price as the liquidity doesn't "trust" the move.

    Gold, on the other hand...owing to MASSIVE and GLOBAL liquidity will usually keep a nominally steady "spread" rather than swing counter to the move in the spot prices.

    This info is based on experience. I know that metals get into "emotional" attributes but I've seen that fail too many times to count.

    I got nothing against buying little dabs of silver or pretty silver things, but if it's REAL money, I'd stick with gold.

    MY..... opinion is that

    Silver = You can sell a little bit or ....maybe.... swap it for some ammo if you can find the trade.

    and
    Gold= INSTANT ....money.....whenever, wherever, and always.

    Until proven wrong, that's my 'pinion an I'm a-stickin' to it.

    :)
     
  13. -jeffB

    -jeffB Greshams LEO Supporter

    :rolleyes:

    (Welcome to CoinTalk!)
     
    moneycostingmemoney likes this.
  14. Are you sure?

    IMG_1807.jpg

    Price isn't everything as evidenced by the shrinking size of toilet paper, and other household items and groceries over the years.

    Anyway, I prefer silver over gold because of its lower buy-in price, and if you actually want to buy something with it, in my opinion it's easier to cash in or use smaller denominations of silver than gold. I agree the biggest negative is storage.
     
    moneycostingmemoney likes this.
  15. -jeffB

    -jeffB Greshams LEO Supporter

    No. There are some things for which I don't keep meticulous records. :rolleyes:

    On the other hand, we were just going through our vehicle records, and I found the receipt for a Toyota Sienna that we purchased in 2004. The purchase price (before taxes and fees) was $25649 for an LE. Looks like the average actual selling price for a 2017 LE around here is $30549. That's less than a 20% increase over more than 13 years -- a 1.35% annual increase, completely ignoring the vast technical improvements in the vehicle.

    To come back on topic, that would've been about 60 ounces of gold for a Sienna LE in 2004, and about 24 ounces for one today. ;)
     
  16. sakata

    sakata Devil's Advocate Supporter

    Most quality heirloom seed companies will sell them. You just have to know what you are looking for.
     
    Last edited: Jul 31, 2017
  17. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    That all depends on your area. Each region has its own indigenous helpful plants and depending on their shelf life applicable preservation methods. If you live in the southwest US you have an easier go at things as it's generally the same climate year round and the set of foliage is pretty much non-changing. In the northeast US people had to become pretty crafty in order to make the things that are only available for one season (or even worse a couple weeks) last all four. Climate is everything.
     
    sakata likes this.
  18. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    @Jason.A I know I've given my two cents that were topical where the thread was at that time, but going back to the first post and your points I was wondering where you stand with what's been offered here? Has anything changed your original views? If so, what and how?
     
    Last edited: Jul 31, 2017
    Stevearino likes this.
  19. Not meticulous, it's called hoarding (was hoping you wouldn't pick up on that ....)

    Good point on the vast technical improvements but I would add $1.00 in 2004 had the same buying power as $1.31 in 2017, which partly explains 24 ounces today. A score for precious metals?
     
  20. Jason.A

    Jason.A Active Member

    My view is to be content with my couple hundred ounces of silver and buy no more. Should the price jump past $25, I will sell it.

    My focus now is to take it easy and buy 2-3 oz of gold per year to supplement my savings/investment as I had originally envisioned when I first started buying precious metals.

    I suppose I may buy a few ounces of cheap, cheap silver at spot (Canadian dollars, Canadian halves, and Mercuries) if the opportunity is ever available.

    No more high premium (over 10%) silver ever again, though!
     
  21. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    That sounds like a reasonable plan. Good to have one in place. Mine is similar to yours.
     
    moneycostingmemoney likes this.
Draft saved Draft deleted

Share This Page