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Which PM will perform (increase) better?


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[Poll]

Which PM will perform (increase) better?


Silver
  22% (2)
Gold
  22% (2)
Platinum
  55% (5)


Total Votes : 9
(last vote on : 11/16/2009 6:43:49 PM)
(Poll will run till: -- )
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Which PM will perform (increase) better? - 11/11/2009 2:55:30 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Curious to your thoughts on precious metals.  For this race- we will pick a time line of 3 years.  In the 3 years period- which could be thought of as short range, do you think gold will outperform silver or vice versa?

For purposes of this poll- we will omit stocks, bonds, paper assets. 

Conventional ratio of gold to silver is 80-95% gold to 5%-20% of silver.  However- I have done this backwards.  Silver is thought to be more volital then gold.  Silver also is duo purpose- a monetary AND an industrial metal. Where as gold is purely a monetary metal.

As of right now- Gold has hit an all time high. Silvers all time high was in the 80s when the Hunt brothers cornered the market.... close to $50 an ounce.  Today it is $17ish- still not past the $20 it was a year + back. But up since the expansion of the TARP- money supply.

Side note- beware of places who want to buy your jewelry.   They are a rip off.

So- lets suppose the prices start to increase- and alot of new comers enter this market.  Is that better for gold?  Or better for silver?

I have listed platinum on it- as platinum is seldom mentioned - but is more rare then gold.

So todays value Gold  $1116.50 ounce
Silver $17.60 ounce

Which will see the better rate of return in 3 years?
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RE: Which PM will perform (increase) better? - 11/11/2009 4:47:23 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Todays Platinum price is $1373.    I do have a bit of platinum as well. 

(in reply to pahunkboy)
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RE: Which PM will perform (increase) better? - 11/11/2009 4:48:41 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		silver is a fucking dog.....mark my words, dump that shit

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RE: Which PM will perform (increase) better? - 11/11/2009 5:15:04 PM   
thornhappy


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quote:

ORIGINAL: pahunkboy
Where as gold is purely a monetary metal.

Gold is extensively used in jewelry (which is one of the reasons why so much is sold in India) and also for industrial - especially in the microwave electronics industry.


< Message edited by thornhappy -- 11/11/2009 5:16:22 PM >

(in reply to pahunkboy)
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RE: Which PM will perform (increase) better? - 11/11/2009 5:18:18 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: mnottertail

silver is a fucking dog.....mark my words, dump that shit


So then you think gold will out-perform silver?  Or is the post meant to razz?

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RE: Which PM will perform (increase) better? - 11/11/2009 5:55:38 PM   
fluffypet61


Posts: 28879
Joined: 12/25/2006
From: New Jersey
Status: offline 		The problem i have with using precious metals as an investment is the storage.  You physically have to have the item in your possession or in your own safe deposit box.  It takes up space and is difficult to convert to cash if you need it. 
 
Sorry, i just don't see any of those metals doing me any good.  And besides, if gold is at an all time HIGH, this is not the time to buy Gold anyway.  Remember "buy LOW, sell HIGH".

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RE: Which PM will perform (increase) better? - 11/11/2009 6:19:31 PM   
soul2share


Posts: 7084
Joined: 12/18/2007
From: somewhere out there.....
Status: offline 		Youre not still buying this stuff OP?  With all of your financial woes you've posted, you need to put your money elsewhere.....like in your bills.

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RE: Which PM will perform (increase) better? - 11/11/2009 6:22:43 PM   
Aylee


Posts: 24103
Joined: 10/14/2007
Status: offline 		Plat. and Gold are BOTH industrial metals.  Gold is used in electronics and Plat. is used in catalytic converters.  Probably some other stuff as well.

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RE: Which PM will perform (increase) better? - 11/11/2009 6:37:49 PM   
thornhappy


Posts: 8596
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Status: offline 		Plat's used a bit in microwave semiconductors - some ICs use Ti/Pt/Au for the gate (or base) contacts.

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RE: Which PM will perform (increase) better? - 11/11/2009 7:28:58 PM   
Hierodule


Posts: 597
Joined: 9/22/2009
Status: offline 		copper I have a use for you...

Copper By Shellac

Copper, let us take you to a furnace where we'll break you, fire's so big and
pretty, you could cry,
as a buckle, you could ask me what was wrong with me before -
did I need the silver to be suitable?
Copper, I have a use for you, it's easy work and it suits you,
dazzled dirty beauty, you must know
Copper is a conductor and makes for decent cooking,
dazzled by your beauty still, you know,
plated or anodized, you even fool a layman's eyes,
presentable though you might be, it's unwise to try to fight me.

Copper - you'll never be gold

(in reply to thornhappy)
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RE: Which PM will perform (increase) better? - 11/11/2009 7:34:21 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: thornhappy

quote:

ORIGINAL: pahunkboy
Where as gold is purely a monetary metal.

Gold is extensively used in jewelry (which is one of the reasons why so much is sold in India) and also for industrial - especially in the microwave electronics industry.



India is interesting to watch.  I think they are shifting some to coins in India.

(in reply to thornhappy)
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RE: Which PM will perform (increase) better? - 11/11/2009 7:40:04 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: fluffypet61

The problem i have with using precious metals as an investment is the storage.  You physically have to have the item in your possession or in your own safe deposit box.  It takes up space and is difficult to convert to cash if you need it. 
 
Sorry, i just don't see any of those metals doing me any good.  And besides, if gold is at an all time HIGH, this is not the time to buy Gold anyway.  Remember "buy LOW, sell HIGH".


It tho does take a while before storage is an issue.  But I do see your point.

On buy low and sell high- if the money supply has doubled, which for now is just parked- where the banks get interest on it- when they then spend this money on something- prices will look different.

Back in Germany they too thought buy low and sell high- prior to the effects of Weimarr.

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RE: Which PM will perform (increase) better? - 11/11/2009 7:41:56 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: soul2share

Youre not still buying this stuff OP?  With all of your financial woes you've posted, you need to put your money elsewhere.....like in your bills.


Actually I was thinking of taking a trip across country and treating myself to some rest and relaxation.  However- I do hesitate being that heating season is here.

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RE: Which PM will perform (increase) better? - 11/11/2009 7:43:08 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: Aylee

Plat. and Gold are BOTH industrial metals.  Gold is used in electronics and Plat. is used in catalytic converters.  Probably some other stuff as well.
'


Thats true.   Tho of the 3 silver has been most used in money.  It is recognized in more places.....

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RE: Which PM will perform (increase) better? - 11/11/2009 8:29:19 PM   
Aylee


Posts: 24103
Joined: 10/14/2007
Status: offline
quote:

ORIGINAL: thornhappy

Plat's used a bit in microwave semiconductors - some ICs use Ti/Pt/Au for the gate (or base) contacts.


Thanks! 

_____________________________

Ceterum censeo Carthaginem esse delendam

I don’t always wgah’nagl fhtagn. But when I do, I ph’nglui mglw’nafh R’lyeh.

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RE: Which PM will perform (increase) better? - 11/12/2009 7:36:26 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline
quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: mnottertail

silver is a fucking dog.....mark my words, dump that shit


So then you think gold will out-perform silver?  Or is the post meant to razz?



look at the long term spot prices history, a FUCKING DOG!!!!!!!!!


_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


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Profile   Post #: 16
RE: Which PM will perform (increase) better? - 11/16/2009 4:30:15 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Okay, I gotta bring myself back down to earth for a minute.

What is going on here is not a silver phenomenon.

It is an industrial metal phenomenon:

Copper: +4.5%
Silver: +5.4%
Platinum:+3.8%
Palladium:+5.7%
Rhodium: +7.6% (WTF?!)

Gold: +1.7% (only up 1.7%, eh?)


To mod- is posting this chart acceptable??

Anyhow silver done well today.    They sometimes close the day out early to effect the loss or gain.

Note the copper price.  This is mindboggling in the sense that 40% halfs do pretty well in a bull market.   perplexing- the 40% wear longer tho take up more space.  I see the 40% coins now priced what the 90% were just a few months ago.



< Message edited by pahunkboy -- 11/16/2009 4:32:27 PM >

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RE: Which PM will perform (increase) better? - 11/16/2009 4:36:03 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: mnottertail


quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: mnottertail

silver is a fucking dog.....mark my words, dump that shit


So then you think gold will out-perform silver?  Or is the post meant to razz?



look at the long term spot prices history, a FUCKING DOG!!!!!!!!!



One way to measure it- is when Bush 2 took office.  That was before the 2 current wars.   Both gold and silver are up quite a bit in that time.  Wars do not come for free.  They must be paid for.  You can not have it all.  Wars take from the hamburgers.    Somehow it must be paid for.  For now- shrinking the value of the dollar will do it.

A century ago- the dollar held at around 1% inflation.  But since the federal reserve took office- a dollar is now 3 cents.   Even since 1980 the dollar lost much value.  

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RE: Which PM will perform (increase) better? - 11/16/2009 5:29:54 PM   
thornhappy


Posts: 8596
Joined: 12/16/2006
Status: offline 		Do you attribute this strictly to the creation of the Fed?  There were a whole lot of other factors that feed into the current value of the dollar since 1913.

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RE: Which PM will perform (increase) better? - 11/16/2009 6:40:12 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: thornhappy

Do you attribute this strictly to the creation of the Fed?  There were a whole lot of other factors that feed into the current value of the dollar since 1913.



The federal reserve is a big part of it.

Basically tho- the currency is a fiat system.

You know- in theory- being that only the treasury can coin money.   Via the constitution.  So- the treasury could just make up some trillion $ coins.   lol.

Under the government inflation numbers, gold should be at around $2500.   Tho Goldman saches is predicting this next year.

But if you go by shadow stats rates of inflation- that brings the price up to around 6k. 

I seen a report - comparing peak oil- resources- now calling peak gold.

One thing with outsourcing and globalization we don't notice the prices as much.  Less then 3% of Americans even own gold.

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