Silver or Gold
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- Elite Upper Class Poster
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Silver or Gold
Would you rather have:
250 - One Ounce Silver Coins
4 - One Ounce Gold Coins
You can only choose one. Which would you choose? The silver or the gold? Why?
250 - One Ounce Silver Coins
4 - One Ounce Gold Coins
You can only choose one. Which would you choose? The silver or the gold? Why?
I'm a visionary and a philosopher king
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Re: Silver or Gold
The story between Silver and Gold is this ... for the most part, Silver is traded as a commodity, and thus, is effected in the same way as other metals such as Copper, Zinc, etc.
Gold, however, if you exclude the famous 1978-1980 spike (since that was a serious aberration), was always seen as a precious metal, in the sense that to was the hedge against weak monetary policies and/or systemic weaknesses, like hyperinflation, financial collapse, war, a/o famine.
If you exclude the spike, where Gold hit $190/oz in '78 and then proceeded to spike to $850/oz, only within 1.5 years, it never went back to $190/oz ever again, even during a two decade bear market where the dollar was the strongest.
Gold, however, if you exclude the famous 1978-1980 spike (since that was a serious aberration), was always seen as a precious metal, in the sense that to was the hedge against weak monetary policies and/or systemic weaknesses, like hyperinflation, financial collapse, war, a/o famine.
If you exclude the spike, where Gold hit $190/oz in '78 and then proceeded to spike to $850/oz, only within 1.5 years, it never went back to $190/oz ever again, even during a two decade bear market where the dollar was the strongest.
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Beware of long term engagements with AWs, you may find yourself in a coffin.
AB discussion thread
BTW, despite settling down with an AW, myself, the warning is still in effect.
- Teal Lantern
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Re: Silver or Gold
Staying put? Silver. Fleeing across the border? Gold.Tsar wrote:Would you rather have:
250 - One Ounce Silver Coins
4 - One Ounce Gold Coins
You can only choose one. Which would you choose? The silver or the gold? Why?
не поглеждай назад.
"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything
"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything
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- Elite Upper Class Poster
- Posts: 4740
- Joined: August 7th, 2012, 12:40 pm
- Location: Somwhere, Maine
Re: Silver or Gold
That does make sense. It's easier to transport gold abroad compared to silver. Many countries also tax silver with VAT but do not tax gold.Teal Lantern wrote:Staying put? Silver. Fleeing across the border? Gold.Tsar wrote:Would you rather have:
250 - One Ounce Silver Coins
4 - One Ounce Gold Coins
You can only choose one. Which would you choose? The silver or the gold? Why?
Assuming a person had $500,000, it would take approximately 350 troy ounces of gold to transport that $500,000 current USD while it would take 20,000 ounces of silver to transport the same amount of money. Around 20,000-22,500 troy ounces of silver to transport the same. A suitcase could easily fit 500 troy ounces of gold but it would take an entire cargo room on a ship to transport 22,000 troy ounces of silver (684.27649 kilograms).
$500,000 USD when currently measured in gold and silver.
Gold: 345 toy ounces = 10.7307 kilograms = 23.65714397 pounds = 0.01182857198 US ton = 0.0107307 Metric ton
Silver: 22,000 troy ounces = 684.27649 kilograms=1508.57142945 pounds=0.754285714727 US ton=0.68427649 Metric ton
But small amounts, like 250 ounces of silver would probably have the better value because they are expected to rise X45 if the US M2 supply and fair market prices were allowed to reflect in the price without manipulation. Gold is only going to rise by an estimated X5.75 under the same conditions. It's also easier to common people in China to buy larger quantities of silver.
I'm a visionary and a philosopher king
Re: Silver or Gold
Silver. If you desperately need a few small items, but all your carrying is gold, you shot yourself in the foot.
- starchild5
- Veteran Poster
- Posts: 2165
- Joined: December 20th, 2013, 2:32 am
Re: Silver or Gold
GOLD
- Teal Lantern
- Veteran Poster
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- Joined: August 13th, 2012, 4:48 pm
- Location: Briar Patch, Universe 25
Re: Silver or Gold
Tsar wrote:... fair market prices ... without manipulation.
не поглеждай назад.
"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything
"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything
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