Loading ...@(xxx) Sep 23, 18:06 Re Silver versus Gold
(Mr.Copper) Sep 23, 20:48
Hello Mr XXX, 🙂 I was wondering. Good post, Most of us here have both bases loaded so we win either way.
The possible advantage I see with gold, is that’s where the big money (banks, Gov’ts, etc) would likely flow, since silver, we all know would take up too much weight and space for big money people.
And we all know there are dumpster loads of fiat out there, world wide.
The big, big, big money people (Gates, Buffit, etc) may have to convert to diamonds.
They used to call silver the poor mans gold, but if things really go nuts with silver at $100-$200 per ounce, and gold at $3,000, then joe six pack will have to settle for Copper at $5/ounce, the poor mans silver. 🙂
About old gold prices, one thing I remember, after we got permission to own gold in 1974? 1975? My wife and I walked into a local coin store, and saw and held, a K-Rand for the first time. The price quoted was $140.
We looked at each other, and the dealer, like holly cow! Are you nuts? You can keep it. Our rent was $135/month with the utilities! What’s a months rent today with utilities, for a one bed room apt. And that’s what gold may do imo. One ounce gold equal 1 months rent in a NYC suburb.
Note: Today, 2/18/17, the same apartments today are about $1400/month.