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Silver or Gold

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Silver or Gold

Postby Tsar » Thu Aug 04, 2016 12:53 pm

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?
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Re: Silver or Gold

Postby Ghost » Thu Aug 04, 2016 2:17 pm

As long as things are holding together and civilization still stands, the one with the higher dollar value.

If we were living in a post economic collapse society where bartering was important and paper money is recognized as worthless, then the silver is more useful.
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Re: Silver or Gold

Postby S_Parc » Thu Aug 04, 2016 5:58 pm

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.
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Re: Silver or Gold

Postby Teal Lantern » Fri Aug 05, 2016 5:36 pm

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?

Staying put? Silver. Fleeing across the border? Gold. :wink:
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Re: Silver or Gold

Postby Tsar » Fri Aug 05, 2016 7:36 pm

Teal Lantern wrote:
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?

Staying put? Silver. Fleeing across the border? Gold. :wink:


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.

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.
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Re: Silver or Gold

Postby Nomad » Fri Aug 05, 2016 8:51 pm

Silver. If you desperately need a few small items, but all your carrying is gold, you shot yourself in the foot.
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Re: Silver or Gold

Postby starchild5 » Sat Aug 06, 2016 3:13 am

GOLD
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Re: Silver or Gold

Postby Teal Lantern » Mon Aug 08, 2016 6:02 am

Tsar wrote:... fair market prices ... without manipulation.

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