What to buy?

I bet you can double your money with silver much faster then gold.

 

Log in or Sign up to hide this ad.

i see it more as preserving wealth long term. others may think they can make money in a short term flip.

 

silver, rhodium, copper. don't put all your eggs in one basket. I think at this point gold is for fools. You make more money off silver in the long run. People complain that other metals take up too much room, well get a bigger safe then. the #1 marketed and advertised metal is gold, that is why it is so high. You have to actually look at metals that have a purpose.

 

unless you're not looking to "make money"

 

not saying you won't make profit, but it will be slim if any compared to some other metals. Everyone has their own opinion. Nobody really knows for sure.

 

The applicable "uses" of silver are extremely marginal. It will be centuries before the industrial use of silver makes an impact on its price and gold also has uses
http://geology.com/minerals/gold/uses-of-gold.shtml

In my opinion the only real reason people choose silver is because its less expensive.
That and the barbaric human remanence that more is better; quantity over quantity

 

What makes you say that? About 500 million ounces of silver were used in industrial applications last year, over 60% of what is mined. Gold is nowhere near that type of industrial use.

 

I bought silver at $10 and sold near $45. I got gold for $900 and sold near 1800.... do the math

 

so you sat on that silver for how long, and how much silver? it's a lot of work and effort, and who knows if we'll ever see that spread again. I see it more as wealth preservation savings.

 

One thing I would suggest...keep your investments and your collection separate.

 

I do, to an extent. I look at my silver as a complete loss. Its money i would otherwise spend on junk.

PS. Ill trade silver for veneers

 

2 years to more than triple an investment... most people wait a lifetime to do that. Then I reinvested after the fall. I'm just saying the proof is there.

 

reinvested in what?

 

More silver I'm guessing. That's what I did.

 

I would not buy just one metal. Spread out your investments into other metals such as palladium, copper, nickel, or platinum. Don't just invest in silver or gold.

 

I would add a corollary: Don't believe you are diversified because you own several metals. I saw many people in the 1990s who believed they were diversifed because they owned several tech stocks. But when the Nasdaq crashed, all of the stocks moved down together. To be diversified, you must own assets in different asset classes that are not corrolated with each other.

 

What makes me say that?
The percentage of amount mined annualy means nothing
Over 48 Billion Ounces of Silver have been mined so far throughout history
48Billion/500 Million is a measly 1/96 or 1.041 percent

Add to that the exorbant recycling rate of silver and its pretty safe to say the "industrial uses of silver" should not be part of your reasons for investing in silver
If however your looking for metals with heavy industrial uses purchase a storage factory and look no further
http://www.hardassetsinvestor.com/h...mmodities/548-industrial-metals.html?Itemid=4

 

In my opinion that is an absolutely ridiculous argument and you could make a similar statement about any of the metals, including the ones you linked too.

 

I was being sarcastic when I referred to the link with the base metals.
But to further add to the erratic argument I dont think a similar statement can be made.
It is not economically feasible to recycle aluminum and metals of the like.
A shiny expensive metal like silver on the other hand is good and well