gold vs silver

[agent006140]

I did a little research on gold,one site said $299 minimum order,and long delay,another site,many are sold out.
So I went to Ebay and they are there !
As for silver,I bought some silver bars years ago,if I sell them now on Ebay,I would lose money after fees.

Gold went up 42 points last Friday.
The street is expecting huge stimulus plan no matter which side wins the White House,Fed will be printing billions/trillions of dollars,so gold will go higher,it is scary to think how high it would go,not a good sign.
$3000/troy ounce??

then we will see hyperinflation?
I see some inflation now in food prices.
I went to my favorite seafood restaurant for carryout on weekend lunch time,the cashier said weekend prices are dinner prices all day,seafood is expensive!
With social distancing,they have less than 50% capacity,more like 35%

Originally Posted by phaz0rz

Higher than that. It's going to break 5 digits in the next decade. The more the dollar is inflated, the higher the price of gold will go.

then your silver will go up.
silver is at $25 now
(silver,the poor man lobster)

silver has commercial value ,with all the Evs,data centers etc,silver is in demand.
They are now scraping gold from gold jewelry,goldfill,rolled gold items and refine them into pure gold for the US govt.
If you want to sell your gold,sell direct to a dealer,no ebay fee,no credit card fee,no chargeback,no INAD,no return.

Originally Posted by BlackLion

At the time you typed this comment Silver was around $36/oz now today it's $62. Silver is actually outperforming gold at the current moment.

Gold has become too expensive for the average consumers,on Youtube,they show 2 of the largest gold jewelry shops in HK which open up stores in China,cried they may go bankrupt as Chinese cannot afford to buy their gold pieces.

Originally Posted by rsot

You don't need to buy physical materials - you can also do the stock route...

minig stocks have gone up a lot,their all in cost is $1600/oz,they sell at $3700/oz
Barrick Gold was $20 in the summer ,and now it is $40

Originally Posted by rsot

True point - I was wrong about silver this year

1964 Kennedy Half dollar coin is 90% silver

You are confusing individuals who hoard gold pieces from way back with jewelry stores which buy gold at near spot price and turn them into jewelry,they have rent,payroll,insurance ,utilities to pay.
Gold will be at $7500 in 2026
As for silver,coin shops are not buying our silverware,scrap,they may buy bars and coins,as the refiners are not accepting any silver .
There is a good program which explains how it works on Youtube.

Yes,gold etf ,silver etf,but not like feeling,touching,caressing Gold,some folks love to do that.
Silver ETFs may have a hard time getting enough silver,refineries are on strike,folks are bringing their silver ware into pawn shops,coins shops,they cant buy them if the refineries wont take them

They would give you less.
I check Republican 10 oz eagle silver bar ,auction results go a little over $200.
so after Paypal and Ebay fee you get $176
where is the beef?

[BlackLion]

I own a huge Silver Miami Cuban Link Chain. Why not sell your .999 Silver coins/bullions at local pawn shops/jewelry stores instead?

[alanbb1985]

I think gold will continue to go up due to uncertainty,i hold some of the etfs.

[phaz0rz]

Higher than that. It's going to break 5 digits in the next decade. The more the dollar is inflated, the higher the price of gold will go.

[Technotronic1986]

Gold always

[BlackLion]

Silver is currently at $37, just recently sold a 1 oz coin I purchased at $15 for $35. Now this may not seem like a lot to you guys, but it was an extremely fast transaction. Imagine someone who has thousands of Silver coins laying around. It's definitely an asset for them.

[level4tech]

I think silver may outperform gold in the long run, easier to obtain for most as well

[philby]

Which will be better - physical silver / gold or cryptocurrency in the long run? I know you can physically hold those but the flexibility and speed of crypto may give it an edge

[rsot]

Careful with silver - there will be always ppl pushing it, trying to convince you that it is going to fly and outperform this and that, but it never does - many years of skepticism.

Go with gold, stocks, assets that are known - but you got to go for LONG haul - not so flippable quickly.

Crypto will always be a risk but given the nature and interest in btc...it's worth holding.

[BlackLion]

Originally Posted by rsot

Careful with silver - there will be always ppl pushing it, trying to convince you that it is going to fly and outperform this and that, but it never does - many years of skepticism.

Go with gold, stocks, assets that are known - but you got to go for LONG haul - not so flippable quickly.

Crypto will always be a risk but given the nature and interest in btc...it's worth holding.

At the time you typed this comment Silver was around $36/oz now today it's $62. Silver is actually outperforming gold at the current moment.

[rsot]

You don't need to buy physical materials - you can also do the stock route...

[rsot]

Originally Posted by BlackLion

At the time you typed this comment Silver was around $36/oz now today it's $62. Silver is actually outperforming gold at the current moment.

True point - I was wrong about silver this year

[rsot]

Hope you're cashing in on the action - doesn't take a lot to put in and just ride the wave

[BlackLion]

Originally Posted by agent006140

Gold has become too expensive for the average consumers,on Youtube,they show 2 of the largest gold jewelry shops in HK which open up stores in China,cried they may go bankrupt as Chinese cannot afford to buy their gold pieces.

A lot of these people hoarded their GOLD from when they purchased at less than $4,300/oz, so they could still sell at lower prices, and profit, but they refuse to, so be it if they go out of business. All of my inventory that I purchased prior to prices going up per oz could still be sold at a low price, but people are greedy.

[rsot]

Could also consider buying a silver ETF - one idea

[vettefever17]

Physical is my go-to with metals. I've dabbled in gold and silver for over 15 years. I have NEVER lost a trade with it. The real secret to buying gold is scrap. Once you learn the ins and outs, you can't lose if you have the correct tools and buying rules.

If you don't want the hassle of scrapping or learning it, ALWAYS buy government gold coins or major conveyors of gold (PAMP Suisse, etc) from proper sellers. These items may carry a premium, but that is insurance of the game. You can liquidate instantly with these items. Bulk buying of random brands can be tough to liquidate unless you have connections to brokers.

As for ETFs, they are perfect for fast moves in and out of the metals. But there is decay in price with ETFs. Take that into consideration. And NEVER buy leveraged if you don't understand the risk. Those ETFs don't always trade 1:1 with the asset.

[agent006140]

These days ETF is not as desirable as taking possession of physical gold,ETFs ,wholesalers,banks are all having some problem getting hold of physical gold and silver/
Big precious metal dealers like APMEX will buy your gold back from you.
There are ways to sell your gold to the refinery without going thru a middle man,