Silver or gold?

United States

#1 Apr 17, 2012
Any suggestions? Do you think silver or gold would be a better/ more profitable short term investment? Any other ideas to keep inflation from eating up my cash?? CD's pay crap and I dont trust the stock market.

Frankfort, NY

#2 Apr 18, 2012
gold, but... I would be nervous that it may have peaked at this point. Watch the dollar vs Euro when the dollar gains get out.
Not there

United States

#3 Apr 18, 2012
Not for nothing but I would rather invest in firearms and ammunition considering if the shit hits the fan it will be a more sought after commodity

Level 4

Since: Jun 11

Utica, NY

#4 Apr 18, 2012
Silver will rally to about 200 an ounce

all the gold is just about spoken for...India owns the Majority

Syracuse, NY

#5 Apr 19, 2012
Bazil5 wrote:
Silver will rally to about 200 an ounce
all the gold is just about spoken for...India owns the Majority
WHAT!!! you are a dumb ass that makes no sense
Not there

United States

#6 Apr 19, 2012
Bazil5 wrote:
Silver will rally to about 200 an ounce
all the gold is just about spoken for...India owns the Majority
Your research is flawed

The United States holds the largest gold reserve in the world. With 8,133.5 tonnes, U.S. gold holdings are worth approximately $269.67 billion. This massive gold reserve represents about .9436 an ounce for every person living in the country.

The majority of the American gold is reported to be held in the world-famous United States Bullion Depository in Fort Knox, Kentucky, although there is some controversy that suggests otherwise. The remainder of the U.S. reserves are held at the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository, and the San Francisco Assay Office.

The top ten largest owners of gold in the world are reported to control a total of 24,258.3 tonnes, or over 855 million ounces. At current spot prices, this gold would be worth approximately $804.35 billion and represents about 15.4% of all the gold ever mined.

Level 4

Since: Jun 11

Utica, NY

#7 Apr 19, 2012
Lol wrote:
<quoted text>all the gold is just about spoken for...India owns the Majority
WHAT!!! you are a dumb ass that makes no sense monetary fund i believe is the 2nd to 3rd largest holder. As long as America keeps printing money which is no longer backed by gold. And when China and India decide to call in their debt....we will see.

But Yes Silver will rally!
i am long silver

Camillus, NY

#8 Apr 19, 2012
silver is going to skyrocket within the next couple years...could be sooner maybe when the new asia trade market opens there own comex in june...

gold is pretty, but silver has many industry uses..and there is less silver above ground than gold

Clinton, NY

#9 Apr 19, 2012
Ok, with silver being the weapon of choice to keep the cash from getting eaten by inflation, what way would you say to buy it: I like the fact that old coins seem to be collectable as well as having silver content, but they are only 90%-----do you think silver is strong enough to hoard in bars or rounds, or should I save up enough to buy 10oz. or 100oz. bars. I think it would be easier to find the old coins though.....any thoughts???

I think silver is easier to get your hands on in "junk" coin form. dimes/quarters/halfs and dollars......on ebay and etc.
Mayor McCheese

Syracuse, NY

#10 Apr 20, 2012
Why not stock up on items you might think are barter-able... or just learn from this Greece town where it's already hit the fan...
i am long silver

Syracuse, NY

#11 Apr 26, 2012
the best bet would be 10z and 10 oz bars abd 1 oz rounds...easier for liquidation...its alot easier to sell smaller units than find someone to buy a kg, 100 or 1000 oz bar...

also fractional pieces are nice, but carry a big premium 1gram, 5g, 10g, 14/ oz, and 1/2oz...but if you have the extra cash the are kewl to own...i just picked up a couple 100 gram sheey of break-a-way valcambi combi bars..3 oz+ cost 160 big premium...but kewl to own

“Getting To The Meat Of It”

Level 8

Since: Sep 11

Location hidden

#12 Apr 28, 2012
I would surely jump into silver for the short run. But look seriously at gold for the long haul.

United States

#13 Apr 29, 2012
I have been buying up as many silver dollars as I can afford to build up a little hoard. I am reluctant to sell anytime soon, but would like to get into the gold game. The problem is that the gold coins are so damn expensive, and some of the one dollar coins are fakes!
*****At what price should I consider selling the silver ??

I know if we all knew this we'd be rich, but as a short term investment what spot price would be a good solid number?

United States

#14 Apr 29, 2012
Position yourself in other metals. Commercial metals CU AL etc. are liquid and more affordable, protect yourself from the big swings in the markets
buy cotton at 88cents

Minoa, NY

#15 Apr 29, 2012
As a futures trader, I bought cotton last week and will be buying more this week. Price is around 88cents per pound.

Cicero, NY

#18 Apr 30, 2012
You should really buy all elements- I mean neon, aluminum, silver, iron, etc...

Then, with the way technology is advancing, you should be able to turn them all into gold soon.. I think they may even be an alchemy app now....
Dixie Normus

Jamesville, NY

#19 May 1, 2012
Silver has the added advantage of killing werewolves.

Level 6

Since: Nov 10

Location hidden

#20 May 1, 2012
You might not trust the stock market but it is still the best investment choice in today’s economy, unless you are looking for a very short-term investment. The precious metal markets are ripe for a rapid and extreme downturn. With oil prices falling, gold and silver should soon follow. Gold and silver prices are far above where they should be and just like the real estate bubble, they will burst and take a lot of investors down. The stock market has averaged about 10% annual growth over the last forty to fifty years. It is the only investment vehicle that can say that. With the multitude of mutual funds currently available to the average investor, everyone now has the ability to take advantage of the current market surge.
Not Moving


#21 May 1, 2012
IMO silver will not climb much higher, maybe $5 - $7 dollars more but nowhere near $200 an ounce. Gold will increase more..... I'd bet on gold.

United States

#22 May 1, 2012
Dixie Normus wrote:
Silver has the added advantage of killing werewolves.
That is a point a never considered! Maybe we should all stock up on garlic and wooden stakes!

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