I'm thinking of investing in gold but a lot of people are telling me that I should buy silver.
Can you guys give me your thoughts.
Can you guys give me your thoughts.
Gold or silver???
- Thread starter Leopold Stotch
- Start date
Gold is good if you trade back and fourth since it is highly unlikely that it will go back down a lot.
Everytime it dips a little, I trade and I gain more as soon it goes high.
I made so much since 4 years now that even if for some weird reason it would go back down a lot, I would still have made enough to make up for what I would loose.
Anyway, it's not a 'bubble per say' since it really has to do with the US dollar not being the only reference for oil anymore.
This is the major change and most significant one that brought gold so high.
And since the US dollar will not come back as the only one reference for oil and that the amount of debts will increase; gold will stay a sure stock for a long time until some other economy takes the lead.
But since China has so much US dollar, their own economy will have hick-ups until we know for sure what will happen with the US in long term.
You should never invest in one stock only, anyway.
In long term ? I would go for anything that has to do with 'water', 'rare-earth minerals' and the 'arms industry' (specially from the US).
Cuze if we're heading into a world recession once again, you can be sure that these 'commodities' will be on high demands.
I specially hope not, but I wouldn't be surprise if we don't get into lets say... 'heavy discussions' at the world level !
Gold and Silver
It IS different this time.
As of 10 pm eastern today, Gold is $1765 {Down $82.00 today after a terrific run} and Silver is $40.00.
Would you rather have US dollars under your mattress (which will steadily lose their value thanks to inflation and the idiot politicians in Washington), or a combination of the precious metals? Gold stocks, physical gold and physical silver will hold their value and grow steadily in value. Be sure to get some gold jewelry as well... makes a fantastic gift. Gold & Silver coins will never lose their value.
Enough said.
It IS different this time.
As of 10 pm eastern today, Gold is $1765 {Down $82.00 today after a terrific run} and Silver is $40.00.
Would you rather have US dollars under your mattress (which will steadily lose their value thanks to inflation and the idiot politicians in Washington), or a combination of the precious metals? Gold stocks, physical gold and physical silver will hold their value and grow steadily in value. Be sure to get some gold jewelry as well... makes a fantastic gift. Gold & Silver coins will never lose their value.
Enough said.
Gold is currently $1763. It dropped $104 today as it was marching towards $1900. I think the high was $1893 or close to it.
Sliver is $40.03. It lost $2. Both metals have been rather volitile. Gold has been advancing more than silver the last week. But Silver has been outperforming Gold by 2 to 1 the last 3 years.
Historically, the ratio between Gold and Silver has been 16 to 1, but that changed in the last 100 years since they found a lot more silver mining. But Silver is used in industry, besides film, like computer processors, and most recently the panels that are used for Solar collectors. As Solar technology gets more popular and cheaper, the use of silver for Solar panels will increase. Currently, the ration is 42 to 1. It was 60 to 1 when Gold and Silver crashed along with the market in 2008 and around the same ratio around 2000 when Gold and Silver were at a low.
I would recommend that you buy a little each month so that you average the price out in this volatile market.
If the price goes down, your initial price loss would not be as great as if you would buy a large quantity at one time immediately. It's called price averaging.
If the price goes up, your initial price gain would not be as great as if you would buy a large quantity at one immediately also, but the metal usually does continuously go up indefinitely without coming down, as seen today.
The advantage of buying gold is it may be easier to store. You can put it in your safety deposit box. It depends on how much you will buy. Silver has the industrial value that will propel it's price greater in the future. However, Gold traditionally increases jmore than silver when there are financial crisises.
Also, a good website for Gold and Silver is Kitco.com.
Sliver is $40.03. It lost $2. Both metals have been rather volitile. Gold has been advancing more than silver the last week. But Silver has been outperforming Gold by 2 to 1 the last 3 years.
Historically, the ratio between Gold and Silver has been 16 to 1, but that changed in the last 100 years since they found a lot more silver mining. But Silver is used in industry, besides film, like computer processors, and most recently the panels that are used for Solar collectors. As Solar technology gets more popular and cheaper, the use of silver for Solar panels will increase. Currently, the ration is 42 to 1. It was 60 to 1 when Gold and Silver crashed along with the market in 2008 and around the same ratio around 2000 when Gold and Silver were at a low.
I would recommend that you buy a little each month so that you average the price out in this volatile market.
If the price goes down, your initial price loss would not be as great as if you would buy a large quantity at one time immediately. It's called price averaging.
If the price goes up, your initial price gain would not be as great as if you would buy a large quantity at one immediately also, but the metal usually does continuously go up indefinitely without coming down, as seen today.
The advantage of buying gold is it may be easier to store. You can put it in your safety deposit box. It depends on how much you will buy. Silver has the industrial value that will propel it's price greater in the future. However, Gold traditionally increases jmore than silver when there are financial crisises.
Also, a good website for Gold and Silver is Kitco.com.
I will be buying gold and some silver.
Also people are telling me that I should buy canadian gold not amercian, is this right???
Also I understand you should buy low and sell high theroy but tell me where should I invest money right now.
The stock markets are crap and IMO they will just will get worst.
As for the housing market, I think that bubble is just about to burst. Just way to many new developments in mtl.
The housing market will just be too saturated and that will bring down the real estate prices big time.
Also people are telling me that I should buy canadian gold not amercian, is this right???
Also I understand you should buy low and sell high theroy but tell me where should I invest money right now.
The stock markets are crap and IMO they will just will get worst.
As for the housing market, I think that bubble is just about to burst. Just way to many new developments in mtl.
The housing market will just be too saturated and that will bring down the real estate prices big time.
Quatar helping the rebels to sell Lybia's oil through a fund trading in US dollar.
Getting rid of the 'retarded one' is the symbol that the rebels 'really' won and Lybia's oil should start to flow back.
So you can see gold dipping down since the market is reacting to immediate actions in Lybia among other world events.
But since 90% of the traders don't care on the mid and long term situation in the world...they will react again when Lybia's is torn appart by 'different interests'. (satire)
At that moment, you should see gold soaring once again...
Who keeps US dollars under their mattress, unless you are working the underground economy.
At this price level, if I must make the choice, I think I would rather the dollars under the mattress. Your words. "Terrific run" tell the story.
Gold and Silver do lose their value, I am old enough to remember the 80s
If you are Canadian, buy Canadian. You won't lose money in the exchange rate.
Then look at SLV or GLD for paper acquisition. Buy at any reputable coin dealer or bid on ebay for physical acquisition.
You must be a jeweler lol. I would never buy jewellery of any kind as an investment. There is such a markup on the inputs that prices would have to triple on the commodities to see any gain.
At the jewelry store level it is pure insanity.. In 2010 downtown i was able to purchase 10k gold at a negociated price of 22$ a gram..
( a 83 gram chain at 1825$ )..
This past few weeks ive been looking for a new chain.. And the cheapest i found it was 28$ a gram, with some charging up to 41$ a gram for 10k...even at 28$ the same chain i bought last year would be 500$ more.
If i had listened to people last year before the jump, im sure i could have made a lot of money by buying 1oz troy bars of 24k gold.!
I heard the talk about silver, but i believe its just hype.
I could say that a 3700$ loose diamond i bought in 1999 has never lost a penny on its value.. And even though i payed less i could still get 3700$ for it at any time...
( a 83 gram chain at 1825$ )..
This past few weeks ive been looking for a new chain.. And the cheapest i found it was 28$ a gram, with some charging up to 41$ a gram for 10k...even at 28$ the same chain i bought last year would be 500$ more.
If i had listened to people last year before the jump, im sure i could have made a lot of money by buying 1oz troy bars of 24k gold.!
I heard the talk about silver, but i believe its just hype.
I could say that a 3700$ loose diamond i bought in 1999 has never lost a penny on its value.. And even though i payed less i could still get 3700$ for it at any time...
