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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
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2707 posts
Posted on 10/22/22 at 11:40 am to
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.



Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 10/22/22 at 12:01 pm to
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 by Decisions
Member since Mar 2015
1489 posts
Posted on 10/22/22 at 12:41 pm to
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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