WHAT IS THE BEST METAL TO PURCHASE? SILVER OR GOLD??? PART ONE.

[PaulbylPaulbyl]

silver dropped more than 50% in one day in march 1980. this makes me hesitant to buy silver. tread carefully.

[09SRILANKA]

I'm selling none apart from when the value is up and I can buy my kids a house with it. I want my kids to be mortgage free so the banks make no money from them. Buy silver now and buy your kids a house in the future!

[yettiz420]

I AGREE HOLD YOUR SILVER DONT SELL FIVE HUNDRED DOLLAR SILVER!

[MrArizonaGuy]

Buying & selling gold & silver is a great business these days , Much easier than digging ditches

I,ve personally done very well even considering my small budget

[09SRILANKA]

SILVERINVESTINGTEEN. You can't go wrong with USMint silver eagles 1 ozzers as they're beautiful & you will never struggle to sell. If you're in the USA You won't have any trouble getting these.

[SILVERINVESTINGTEEN1]

what should a young invester invest in? for silver

[ScrapGoldBusiness]

@SILVERINVESTINGTEEN1

90%

[chrisdunlop]

NO 100 OZ bars, Why ?

[ScrapGoldBusiness]

@chrisdunlop

I LIKE SMALLER INCREMENTS AND FLIP ALL 100 OZ BARS WHOLESALE.

PERSONAL PREFERENCE. SOME ONLY BUY THE ARM CURLERS. LOL

[ScrapGoldBusiness]

@chrisdunlop

only for bigger investments...

[budb11]

Does it matter which one you buy? I wonder what the true price of the precious metals really is. Without manipulation by the Wall Street banksters, what would be the true price of the precious metals, especially silver? Maybe buy silver until the ratio decreases with gold and sell the silver to buy gold.

[ScrapGoldBusiness]

@budb11

IT WOULD BE COOL TO KNOW THE TRUE PRICE OF ANYTHING.

A HOUSE WOULD BE WORTH ITS WOOD PRICE ONLY SINCE YOU NEVER REALLY OWN THE LAND.

GREAT QUESTION!

[odin422]

gotta watch them charts better brother =-)

dips are tricky.

[ytgv3fc7]

maybe I just got lucky but I used a rate-of-change graph as a guide, built a model and found all the dips in the gold prices from march to the last low price in gold before the big rise we're kind of still in. Silver moved with gold but at the time I didn't have the equation to convert from one to the other (I have it now: too late). Maybe the next consolidation period will have similar math (I have videos up showing methods & results, exploration & mistakes)

[SidneyBou]

Gold to silver is 16 to 1 they have brought a lot of silver to market in the last century but photography has used much of that. I see a silver dollar as worth $50 and I believe it is now worth more because so many fieat dollars have been printed it is worth more because it buys labor and population is up over the last century. Now some of this value will not show up till the dollar dies, but no fieat currenjcy has lasted over 60 years dollar has been fieat for 41 years.

[charronfamilyconnect]

Hey Greg, What would you do if you were me as far as purchases go? I have $50,000 liquid cash. I value your opinion. I want to buy Silver. Where you think I should buy from and what would you suggest I buy, Bars, rounds, 10 oz, 100 oz bars etc..? Thanks!

[ScrapGoldBusiness]

@charronfamilyconnect

33% -- 90% SILVER COINS.

33% -- 1 OZ GENERIC ROUNDS / BARS

33% -- 10 OZ BARS

NO 100 OZ BARS

JUST MHO...

THANKS!

GREG

I

[steelhorses2004]

Gold gets the headlines but silver has much more potential IMO. I was buying silver when it ran up over $20/oz in 2008 then sat and watched it plummet to $9/oz. I bought more then but wish I had gone all in.

[chaseef]

Question for you Greg. I always assumed that gold/silver dealers sold futures contracts to hedge their physical positions. Do you ever hedge? Why or why not? Thanks in advance.

[ScrapGoldBusiness]

@chaseef

YOUR RIGHT!

I DON'T HEDGE AS I LIKE PHYSICAL AND AM LIKE MOST JUST A SMALL FISH IN THE OCEAN OF GREED.:)

[odin422]

@ScrapGoldBusiness Palladium? i might get a half ounce or two...

[ScrapGoldBusiness]

@odin422

4 ME JUST G&S...

[odin422]

@ScrapGoldBusiness you can still VERY easily hedge, take 1% of your capital and bet the metals will go down.......should make a big spread if it happens... thus negating much of your loss on the physical price.

[TruthOverFacts]

Silver I think is the best bet. For the first time there's less available Silver above ground than gold and there are not hoard holdings at the moment. Its also being stated that there's less in the ground as well. Now with that, Silver has to be looked at in the long term given the volatility. However, I've NEVER seen potential for anything like the potential I see for Silver. If silver 10 years from now was worth more than Gold I wouldnt be surprised.

[frontier1701]

Bravo Greg..... Well stated.... You have to hold on tight or the silver bull will throw you off every single time.

[ilovety65]

yes,agreed.I started buying in aug.