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The case to be made for gold vs silver
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<p>[QUOTE="sakata, post: 2799081, member: 23778"]You are comparing apples to oranges. There is a premium on any coin which occurs dues to mintage costs. Obviously the lower value incurs a higher percentage premium. So your comparison has to be between comparables.</p><p><br /></p><p>If you are going to take 1 oz of gold as the standard then you must take a comparable dollar value in silver. As I type you can see the following on APMEX</p><p><br /></p><p>100 oz silver bar: $1703.00, spot $16.04, premium 6.17% (5.5% on 5 or more)</p><p>1 oz gold bar: (1262.49, spot $1231.60, premium 2.5%.</p><p><br /></p><p>So spending about $5000 gives premiums of 2.5% for gold and as low as 5.5% for silver. Okay, gold is lower, but not anything as much so as you claim. And silver does generally sell for a higher premium on the open market (not by selling to a dealer) so the difference is negligible.</p><p><br /></p><p>This means that the only major advantage to comparable amounts of the two is the storage issue, and there I cannot argue. But if storage is not an issue then that also drops by the wayside. Admittedly, at lower amounts the numbers are different. But people who are limited to being able to spend smaller amounts don't get the benefit of volume. Isn't that the same in the real world?[/QUOTE]</p><p><br /></p>
[QUOTE="sakata, post: 2799081, member: 23778"]You are comparing apples to oranges. There is a premium on any coin which occurs dues to mintage costs. Obviously the lower value incurs a higher percentage premium. So your comparison has to be between comparables. If you are going to take 1 oz of gold as the standard then you must take a comparable dollar value in silver. As I type you can see the following on APMEX 100 oz silver bar: $1703.00, spot $16.04, premium 6.17% (5.5% on 5 or more) 1 oz gold bar: (1262.49, spot $1231.60, premium 2.5%. So spending about $5000 gives premiums of 2.5% for gold and as low as 5.5% for silver. Okay, gold is lower, but not anything as much so as you claim. And silver does generally sell for a higher premium on the open market (not by selling to a dealer) so the difference is negligible. This means that the only major advantage to comparable amounts of the two is the storage issue, and there I cannot argue. But if storage is not an issue then that also drops by the wayside. Admittedly, at lower amounts the numbers are different. But people who are limited to being able to spend smaller amounts don't get the benefit of volume. Isn't that the same in the real world?[/QUOTE]
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The case to be made for gold vs silver
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