Is gold or silver the better buy right now, /biz/antines? I have almost $1000 that I want to invest in one or the other, possibly a couple of pic related. Would be holding on to them for years, not looking to speculate. Which metal is the better buy right now, and why?
Gold has a stable price. Silver may move more. Look up their historic prices and pick whichever. I'd expect both to spike up if they do move suddenly. Keep an eye on oil - if that becomes stable both will move down.
Silver has the greater volatility, i.e you could make proportionately more money on silver than gold.
Buy a silver Eagle for say, $17, a Gold Eagle for $1,100. Some shit happens in the market, your silver Eagle is now worth $35, your gold Eagle $1,700.
Doubled your investment on the silver. Gold went up by about a third.
In terms of sheer money made, Gold won; you made $600. In terms of investment-to-return ratio, silver won.
so youre saying if I spent $1100 on silver, id probably gain more than $1100 in gold?
Physical coins make lousy investments, you are going to incur costs with shipping, storage, risk of theft, and of course the hassle of selling them at the end.
Unless your going this route for a doomsday scenario it makes no sense.
not in fucking poland.. im saving money till four long months from my shitty job and still not enough cash for 1 small little coin I HATE THIS FUCKING COUNTRY