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<p>[QUOTE="crystalk64, post: 59508, member: 1873"]The biggest difference between gold and silver is the mere fact that silver actually gets USED in many ways and NOT recovered. Most gold hangs around for an eternity. Many will argue the fact that if gold should, lets say double in value, it will pull silver along with it and if gold does double we should expect silver to hit $30 to $35 per ounce. If my old fashioned math is still correct I would think silver would be the better long term investment when you look at percentage of increase? I do try to buy a little bullion, gold, silver, platinum and now palladium, every now and then when I have extra cash to spend or coins that I really don't need for my collection as a little slush fund in the event I need a few bucks sometime in the future. Another real beauty of this is I just can't go out an blow my extra cash on something stupid if I keep it tied up in bullion or coins. Don't have to mess with the banks or their hours and there is basically NO PAPER TRAIL!!! I like that very much! Win, lose or draw it is all up to me when to buy and when to sell and I like the opportunity to have a little fun now and then without paying someone else to do the same thing with my money! Worked out really great these last 8 to 10 years and I just wish I had started it sooner in my life.</p><p>For what it is worth my little 3 year old has been buying coins with money he has accumulated from gifts and the help of Mom and Dad and has quite an array of coins, commemoratives, mint sets, proof sets and silver and gold! Can't think of a better way to get him hooked on collecting and show him some worth with his money. Mom and Dad can finance all the other junk until he grows up![/QUOTE]</p><p><br /></p>
[QUOTE="crystalk64, post: 59508, member: 1873"]The biggest difference between gold and silver is the mere fact that silver actually gets USED in many ways and NOT recovered. Most gold hangs around for an eternity. Many will argue the fact that if gold should, lets say double in value, it will pull silver along with it and if gold does double we should expect silver to hit $30 to $35 per ounce. If my old fashioned math is still correct I would think silver would be the better long term investment when you look at percentage of increase? I do try to buy a little bullion, gold, silver, platinum and now palladium, every now and then when I have extra cash to spend or coins that I really don't need for my collection as a little slush fund in the event I need a few bucks sometime in the future. Another real beauty of this is I just can't go out an blow my extra cash on something stupid if I keep it tied up in bullion or coins. Don't have to mess with the banks or their hours and there is basically NO PAPER TRAIL!!! I like that very much! Win, lose or draw it is all up to me when to buy and when to sell and I like the opportunity to have a little fun now and then without paying someone else to do the same thing with my money! Worked out really great these last 8 to 10 years and I just wish I had started it sooner in my life. For what it is worth my little 3 year old has been buying coins with money he has accumulated from gifts and the help of Mom and Dad and has quite an array of coins, commemoratives, mint sets, proof sets and silver and gold! Can't think of a better way to get him hooked on collecting and show him some worth with his money. Mom and Dad can finance all the other junk until he grows up![/QUOTE]
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