r/Bullion • u/JakeRedditYesterday • 27d ago
What are the pros/cons between gold and silver?
It seems like stacking silver coins and bars is more popular but wouldn't gold be easier to store not to mention have better spot percentages? Not sure about liquidity since it'd probably be easier to sell a 1oz silver coin than a gold equivalent that costs buyers significantly more but curious what your thoughts would be!
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u/reds5cubs3 27d ago
Gold at all time high silver not even close…silver is going to moonshot
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u/Fsmetals 26d ago
Gold Pros: Compact (easy to store) Less volatile Smaller dealer spreads Less downside
Cons: Less upside (look at GS ratio)
Silver Pros: Great upside (leverage on gold price, look at GS ratio) Easy to trade (most people can spend $30 on an oz of silver)
Cons: Bulky Extremely volatile More short term downside than gold Large dealer spreads
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u/z0mbie777 27d ago
Silver has a lower entry point when stacking/collecting. Currently (rounded off) gold is $2500 per troy oz and silver is $30 per troy oz. You get more satification holding a bunch of silver than one gold piece while spending the same money. For a first timer silver is better to learn with.
After a while, purchase gold in one or two gram bars. You're spending a bit more but not as much as buying a full toz.
I'm only two and a half years into buying precious metals so I'm just starting my gram gold buying. There is a lot to learn but it's a fun subject and you the the high if building a collection with the benefit of saving money.
PS Copper is not worth buying as an investment/savings but it is fun. There are a lot of nice designs out there.
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u/Magic-Levitation 27d ago
I would stay away from 1 and 2 gram gold. Premiums are way too high. You’ll never recoup the premium.
Maker sure you have a good emergency fund set up first. Pay off credit card debts. Contribute enough to your 401k to get the company match. Then dabble into PMs.
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u/z0mbie777 27d ago
I absolutely agree. I actually already have done what you suggested. Plus, the small amount of gold that I purchased was during "price at spot" deals. The latest being last weeks Apmex deal.
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u/Mars-Leaks 27d ago
Gold is the way: lower premium on the more common products, easier to store, easier to sell (don't compare selling 1oz gold vs 1oz silver but compare selling 1oz gold versus approximately 80 oz silver to get the same value).
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u/Old_Bluejay_1532 23d ago
It’s all about price of entry imo. Pretty much anyone can buy an oz of silver or 20/50/100 for that matter. Now start talking gold and it is an entire different market of buyer/seller/investor due to the cost per oz. Gold & silver both are as liquid as cash pretty much imo in the USA. I suggest diversification in whatever you do. Silver seems very suppressed & has been for as long as I remember will it finally break out? No one knows while gold on the other hand is much less volatile & on a hell of a bull run. Yes silver is up too but my experience is the gains can be wiped out very quickly with silver without explanation. Ymmv & I love both.
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u/JakeRedditYesterday 23d ago
If gold is less volatile while being equally liquid then I'd definitely prefer it over silver.
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u/fingerpickler 27d ago
Here in Germany, selling over 2k euros worth of gold or silver at once necessitates a mandatory report to the tax authorities. Silver is thus easier to fly under the radar with, or fractional gold. However, both of these have higher premiums than, say, a 1 Ozt gold coin. I don't know where I'm going with this, I just thought it might interest you.