GOLD bugs or SILVER bugs.
If you are a gold bug--- leave a message why you think gold is better, or just put GB.
If you are a silver bug--- leave a message why you think silver is better, or just put SB
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Are You A Gold Bug Or A Silver Bug?
GOLD bugs or SILVER bugs.
Silver has much more upward price potential than gold. The historical gold/silver ratio has been 13 related to the proportion of gold and silver in the Earth's crust. Today the gold/silver ratio is about 72 which is ridiculous. Silver is also used in more industrial process where it subsequently is destroyed making it a deflationary metal. Gold is inflationary since every ounce mined is recycled into the market. Technical analysis also shows silver at a multi decade low when adjusted for inflation. Anywhere around $15 is a good buy for silver. When the price is over $100 per ounce soon it will not matter if you bought at $15 or $19. Buy only physical silver because the bankers control the comex market and most paper trading has no physical silver backing the contracts. Just like the Hunt bros were railroaded you can get railroaded on your paper trades if comex goes bust or you may get a lot of profit but have to cash out in worthless fiat.
I hear what you are saying, and agree 100%, I'm @silverbug
If I had to pick I'd say silver right now.
what would cause you to flip to gold in the future?
Silver and for the reasons just mentioned, way under valued and is a used industrial resource
Yeah, there are no big stock piles like gold.
Love them both, but silver makes a whole lot more cents right now.
And I think silver will give better bang for your buck in the future too. Cheers
I like silver more at the moment, mainly because I can afford to buy some, can't afford gold.
Yeah, silver is much better value for your hard earned cash. Cheers
Well, each has its pros and cons. In a way, I like silver more than gold, simply because its MORE! :)
Also, I think that silver is even stronger undervalued than gold, so the potential gain is greater. The GSR should be 8:1 and not 80:1 as it is now.
On the other hand, gold is also undervalued, and its easier to secure a bigger sum in gold without filling your entire cellar.
And there are a number of other aspect to this subject, but perhaps I better write a own post about this. At least I have found a compromise - I have both. :)
There is no thing more under valued than silver at this point in time. It is very telling that even if you consider silver as commodity it should be up but its not. there is demand, lack of supply and JPM is hoarding it.
Your not wrong, it's cheaper now than what it was almost 40 years ago. Cheers
Silver without question.
Seems to be the way the vote is heading. Cheers
SB. More long term industrial applications, more bullish supply and demand fundamentals, out of whack silver to gold ratio. Great page!
I think the upside potential in silver will push gold into the background when it really starts to move. Cheers
@silverbug
I own both, but I'm partial to gold. Though I agree with other posters, that the upside potential to silver is much greater than gold, which is why I have lots of silver!
Come on you have to pick which one you like the most. LOL
Silverbug or goldbug. Cheers
OK, gold it is then. Which is also taking a nice little jump up in price this morning. :-)
yeah, it's gone up about $40 in 2 days. cheers
I'm a gold, silver, and cryptobug.
Well diversified strategy, so I'll put you down as a everything bug. Cheers
SB. For all the reasons mentioned by those who commented before me
There was some good replies, but silver is the overwhelming favorite. Cheers
bothbug
So I'll put you on my everything lists. LOL cheers
Silver here. Just think it will be easier to get into and out of when need be.
I agree, also when prices skyrocket selling silver will attract less attention from TPTB, I think. cheers
Currently precious metal allocation in % of dollar would be approximately 60% silver to 40% gold - so for the moment you can include me in the stacker / silver bug categorie.
Reasons for the allocation is that I believe gold will do really well in a fiat currency collapse - but silver will do better.
Great question @silverbug - I look forward to the your results being released.
SirKnight.
So I will put you down as a bothbug with a lean towards silver. Cheers Thanks for the reply.
SB but I own some gold too.
Steem on and stack on!
Silver seems to be a lot more popular than gold, that is in the steemit community anyway. Cheers
SB
Silver is being mined at a ratio of 10:1 to gold. The gold to silver price ratio is however over 70:1 with almost no utility for gold. I am not selling my physical silver under USD 600,-- per ounce. I am selling my SLV contracts at USD 80,-- upwards or whenever I am pushed into liquidating my positions.
Sounds like a great plan to me. $600US, well that would be wonderful. Cheers
@silverbug
This post has been ranked within the top 80 most undervalued posts in the second half of Jun 02. We estimate that this post is undervalued by $17.04 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 02 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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I've gone with silver. I think there's more upside in the future.
If I had more (much more) wealth to store some gold wouldn't be bad as it is dense. You can hide just a few gold coins and how much size and weight is the silver equivalent.
Yes I agree, if you have large amounts of money, gold would be more practical.
I like Silver because I can get more of it and if I ever need to, I can trade at athe micro level. Trade for everyday necessities :)
For sure, if we get into a barter situation silver would definitely be much better.
Both gold and silver. Has half of each counted in fiat not in weight :) Likes silver the most since I think it has more potential.
Yeah, me too the gold silver ratio is ridiculous.
Good question. I own silver coins and gold specimens. Not sure where I'd fall. Can I be for both? :0
What do you mean by gold specimens?
Gold in quartz matrix, etc. I hunt, buy & sell minerals.
Nuggets are pretty cool way to own gold.
SB
Me too.
@silverbug
SB. But I own SLVO. This way I get paid every month while waiting for the silver manipulation to end.
Is SLVO a share ETF?
yes. it pays monthly income as it sells covered calls.
Is it rock solid, or does it cause you some concern, about your capital. Cheers
I don't plan on selling any shares unless silver shoots back to 50. So I'm earning about 8% income on my investment.
Great, good for you, and your backed up with physical as well, awesome.
I am a silver bug for now. My plan is once the gold and silver ratio gets to around 40 to 1 I will take half of my silver and go into gold. But diffently a silver bug always. Stack it high while its low my friend.
I think that's a great strategy, but me personally I think 40:1 is a bit high, I think I would be looking at 20:1.
I have only silver
Starting to look like most people on here do too.
Gold is an excellent commodity to own, I recommend if you can buy at least scrap gold or even 1/4 oz. I even by 5 grams of gold 2.5 grams... whatever, if possible. But silver is my choice if I had to say my favorite to invest.
Both are good, and have their own pro's and con's. But yes, I like silver better too.
Silver. I'm ALL IN !!!
It's starting to look like silver is the clear favorite, so far that is.