Econ Precious Metals

Faktory 47

Shemp

Boomerwaffen Fuddmander
Kalash Klub
Lifetime Supporter
Mar 24, 2015
13,835
59,922
1,000,001
Tesseract
Zip code
30152
I don't want to argue about the usefulness of PM, but how do you all feel about buying gold vs buying silver? I'm buying some now, but cant decide which to focus on. Seems like it would be easier to liquidate silver, or use it for small transactions, but then again that also sounds crazy.
 

Okuma

Proprietor
Kalash Klub
Lifetime Supporter
Oct 26, 2016
4,704
23,978
113
.
Zip code
30115
I have bought a little silver recently, not real sure why. Want to give the kids something when they are older, and of course for the economic collapse of society.
 

karlvv

The LEGEND
Kalash Klub
Lifetime Supporter
Apr 3, 2015
3,784
12,415
113
Harlem, GA
Zip code
30814
I don't want to argue about the usefulness of PM, but how do you all feel about buying gold vs buying silver? I'm buying some now, but cant decide which to focus on. Seems like it would be easier to liquidate silver, or use it for small transactions, but then again that also sounds crazy.

You can get about 68 ounces of silver for the same price as 1 ounce of gold. The way I looked at it is it would be easier to sell or trade small amounts of silver. If I need a hundo for something I can drop 4 ounces of silver and have my hundo in minutes. That would be hard to do with gold. It seems more practical for us poors to have silver.
 

3x

Sasquatch
Site Supporter
Kalash Klub
Oct 14, 2019
13,970
71,126
113
The Diddle Shack
Zip code
30316
I don't want to argue about the usefulness of PM, but how do you all feel about buying gold vs buying silver? I'm buying some now, but cant decide which to focus on. Seems like it would be easier to liquidate silver, or use it for small transactions, but then again that also sounds crazy.
Do you use mostly $20 bills or $100 bills?
 

Laufen

Beloved flaming retard
Lifetime Supporter
Mar 23, 2015
7,927
6,129
113
I85
Zip code
30030
If you're asking about which is a better buy...gold is setting records for all time highs in the last 10 years. Silver is roughly in the middle of the road. $48 high in the last 10 years, it's at $25 now. I realize this is an apples vs oranges scenario, but silver seems to have more growth potential. Just one dummies rationale.
 

Cudruln

Turning dollars into pennies.
Lifetime Supporter
Jul 5, 2015
4,337
4,579
113
Rockmart, GA
Zip code
30153
Silver in ounces= 1, 1/2, 1/4 and grams of so inclined

Gold in ounces= 1, 1/2, 1/4 and definitely grams.

The biggest factor is having closest to trade amount.

You wouldn't want to buy a chicken for 1 oz of gold when a couple grams would be closer to trade rate.