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re: Looking for recommendations for sites to buy gold and silver from.
Posted on 10/22/22 at 11:40 am to Gabapentin
Posted on 10/22/22 at 11:40 am to Gabapentin
My intention isn't to have it as an investment, more of a hedge for sure against what I think is a worthless dollar.
I do hold a lot of lead!
But in all of my research, the value difference between gold and silver doesn't make a lot of sense to me. Based on the values, you would think that silver is way more abundant, to a ratio near 100:1; that simply isn't true. The ratio is more like 8.5:1 (~ Silver spot $185), Silver has WAY more real-world applications, second only to oil.
I do hold a lot of lead!
But in all of my research, the value difference between gold and silver doesn't make a lot of sense to me. Based on the values, you would think that silver is way more abundant, to a ratio near 100:1; that simply isn't true. The ratio is more like 8.5:1 (~ Silver spot $185), Silver has WAY more real-world applications, second only to oil.
Posted on 10/22/22 at 12:01 pm to oneg8rh8r
quote:
more of a hedge for sure against what I think is a worthless dollar.
why do you think the dollar is worthless?
are you unable to use it anymore?
what currency do you think is more valuable?
Posted on 10/22/22 at 12:41 pm to oneg8rh8r
quote:
Silver has WAY more real-world applications
This is part of the reason why I’d guess it was down. As you approach a recessionary environment commodity consumption should decrease thus decreasing price as well.
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