Posted on 04/30/2020 4:04:22 AM PDT by SES1066
This chart compares gold prices and silver prices back to 1915. Each series shown is a nominal value to demonstrate the comparison in actual investment returns between each over various periods of time.
No, that is not the true price of silver. That is a “proof” collector coin that has a numismatic value above and beyond the bullion value on the spot market.
I haven’t checked lately but gold bullion coins were trending about $1850 to $1900 on ePay the last couple weeks. Generic silver bullion coins are maybe $16 or so. If you can get them. The large vendors don’t seem to have much inventory.
Always he skeptical when anyone talks about gold or silver as an “investment”. Gold trades on the currency desk, it is not a commodity as such, it is wise to hold some as an asset, but it isn’t an investment, by definition. And that’s OK too, but it is important to understand what you’re buying.
Yes it is, thus buy bullion! Just a appealing.
It’s the chart you posted, just downsized.
Yep, the "width=" parameter comes in handy here.
However, I just discovered that you can add a link to a LIVE chart as the first chart that I posted in #18 is tracking the live daily trading! Did not know that this could be done!
The Hunt brothers kick dog.
Best is...
https://www.goldenstatemint.com/
That’s a good site, thanks.
Thanks. Much appreciated.
LOL. Great point. Thanks.
Yeah, personally I don’t understand silver quite as much as gold. My take is silver has more properties as a useful metal in industry than gold, so is sort of a working commodity. While gold is almost all an investment or jewellery play.
Yeah, I wrongly or rightly just sold my gold position and barrick gold. Now that the virus is tamed it seems precious metals might fall back again. I think there is a slightly bullish case for gold but not overwhelming case for it.
I’ve seem those targets for the last 20 years. I try not to listen to those any more.
What range in price of gold per ounce would you consider plausible if Trump gets us back on the gold standard?
The Gold Standard is a bad idea, the central banks own a hugh chunk of all the gold (75%?). It would be like stripping the central banks of power and then handing the power back to them. I understand that President Trump was informed of that problem.
The Silver Standard would be better, and explicitly not gold. No one will be mining space silver (way too expensive) and disrupting the price, which is a nice benefit.
The price under the Gold or Silver Standard would likely be artificially controlled initially, to avoid a spike which would hurt industries which use silver.
I see. Thanks.
Nevertheless, one quality “expert” I know personally bought $1,000,000 worth of SFEG at $0.07/share. Santa Fe Gold Corp.
Those graphs provide a heck of a lot more actionable information (at least, in a form the human mind is able to easily utilize) than the others!
Regards,
I believe that those are referred to by actual collectors as "rounds."
Regards,
“How possible”
Hyper inflation. But then again 20k might buy you a nice suit as the saying goes.
Yeah, well, in the mid-90’s I chased after penny stocks that other people bought, and got crushed. Do yourself a favor, find your own stocks, do your research, be suspicious.
Physical gold is somewhat different, but it has gone up 50% since Sept. 2018. So, there will be people looking to sell on a big pop. In reality, gold comes after garden, guns and a reliable protein source. Gold can crater when people can’t get food.
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