Gold or Silver, which is better for investment?

@scheng1 (24801)
Singapore
December 31, 2010 9:52am CST
Many people are buying gold or silver for investment. The decline in US Dollar is really alarming. When I started making money online in early 2009, the exchange rate was US$1 to S$1.50. Now the USD is so low that many Singaporeans find it cheaper to travel to United States than Australia. As a result of the fall in US dollar, many people around the world are buying into gold and silver. Which do you think is a better investment? Gold or silver? The price of gold is really very high now. It seems that gold price will continue to rise, and so is the price of silver. It is hard to buy both gold and silver. If you have the money to spare, which would you buy?
3 people like this
9 responses
@1hopefulman (28361)
• Canada
31 Dec 10
Since I'm only making a living, I don't have any extra money to be concerned about gold or silver. Since more and more people atre concerned about the future, it is very interesting that there is an ancient prophecy that says this about gold and silver: Ezekiel 7:19 (Young's Literal Translation) 19Their silver into out-places they cast, And their gold impurity becometh. Their silver and their gold is not able to deliver them, In a day of the wrath of Jehovah, Their soul they do not satisfy, And their bowels they do not fill, For the stumbling-block of their iniquity it hath been. So I'll continue to work on my spirituality and leave the gold and silver to other people.
1 person likes this
@scheng1 (24801)
• Singapore
1 Jan 11
Hi 1hopefulman, you have a very realistic concept about the value of gold and silver, seen from the spiritual point of view. Most of us do not really put faith in material things. However, we are even less trustful of the greedy bankers and political leaders. Their words are simply nonsense, cannot be trusted. That is why we turn to concrete things such as gold and silver that we can see and touch. Do you remember how the Israelites left the slavery of the Egyptians? God sent the angel to kill the first born son of the Egyptians, from Pharaoh to the poor peasants. What did God tell the Israelites to demand from the Egyptians? Gold and silver. The gold and silver were later used to build the house of God. Gold and silver, by themselves, are precious metals. Both are created by God. If used properly, the gold and silver bring honor to God. The only thing is that we must not put too much trust in anything, even if they are valuable commodities such as gold and silver.
1 person likes this
@1hopefulman (28361)
• Canada
2 Jan 11
Thank you for your beautiful comment! Maybe, when all that have trusted in their gold and silver realize the folly of their ways and throw it in the streets, we who trusted first in the Lord will collect and put it to wise uses. I found this verse also: Proverbs 16:16 (New International Version, ©2010) 16 How much better to get wisdom than gold, to get insight rather than silver! All the best!
1 person likes this
@scheng1 (24801)
• Singapore
2 Jan 11
Hi 1hopefulman, wisdom is definitely better than any material wealth. Most of us do not even have the wisdom to keep our mouth shut when we are angry, not to say about wisdom in managing our personal finance, wisdom to keep ourselves healthy and strong. Are you in the process of reading the Bible from cover to cover? I suggest you rewrite the Bible passage into short stories, and post in Triond. You can even write down your reflection of certain verses into article length. These articles will not produce great earnings. However, the page views are much more than other articles. There are many people who enjoy reading uplifting spiritual articles.
• United States
31 Dec 10
Since they are both so high any "extra money" won't buy much gold, so I would say silver is the better investment just because you can buy smaller chunks of it.
@scheng1 (24801)
• Singapore
31 Dec 10
Hi Toadsticker, I agree with you. Silver is still affordable while gold is priced out of our reach. Can you imagine spending more than a thousand dollars just to get one ounce of gold? The price of silver is just thirty dollars per ounce. I think the price will still rise in the next five years. Hope to catch a good price to buy physical gold or silver.
1 person likes this
• United States
31 Dec 10
Now for Gold I know where I can mine some. It is almost to the point I would be able to dig a living out of the ground with what I know and where to find it. But I live 1500 miles away from where I grew up in gold country.
1 person likes this
@DoctorDidi (7030)
• India
31 Dec 10
I would prefer gold to silver for investment.
1 person likes this
@scheng1 (24801)
• Singapore
1 Jan 11
Hi DoctorDidi, I would also prefer to keep gold than silver. However, the price of gold is really out of my reach. I cannot imagine paying more than a thousand dollars for just one ounce of gold. The price of gold is more than fifty times the price of silver at this moment. The question is how high will gold rise!
@diamania (7037)
• Netherlands
31 Dec 10
You should have stepped into this business more than a year ago. Gold won't puff up that much anymore. The roof isn't made of glass. :)
1 person likes this
@scheng1 (24801)
• Singapore
1 Jan 11
Hi Diamania, no point regretting about the past. We should soak up silver when the price is about four dollars per ounce. Now the price is more than thirty dollars per ounce already. Too bad we cannot go into the past, and undo our mistake. The best we can do is to lock in price today, since the price of gold and silver will continue to rise. The only question is when it will reach the ceiling.
@sona22 (1431)
• India
31 Dec 10
I am in favor of silver. The price of gold is out of my capacity. The price will rise more and more. Simultaneously the price of silver will also rise. Many people will not be able to purchase gold for the price. It is my expectation that he price of silver will rise rapidly with 2 to 3 years. Anticipating this I have invested in silver.
@scheng1 (24801)
• Singapore
1 Jan 11
Hi Sona22, I am keen in silver also. I think the price of gold is really too high already. Gold is a commodity with almost no commercial value, yet the investors and speculators hoard it. Silver is different. Almost every gadget that we used contain silver, since it is a good conductor of electricity. I think the price of gold and silver will continue to rise. Hopefully silver increases more than gold.
@natnickeep (2340)
• United States
31 Dec 10
I say silver also. Just because it generally seems that it's becoming more popular. But I really don't know much about this kind of stuff.
1 person likes this
@scheng1 (24801)
• Singapore
31 Dec 10
Hi Natnickeep, I think you are too modest. You definitely know more about silver. Your computer, cell phone, and other gadgets contain silver. Silver is a good conductor for electricity. The solar panel contains silver too. When you visit a high end restaurant or watch a show about eating in high end restaurant, you see them serving food in silverware. You may even have silver jewelries or gold chains. Most of us do not really buy tons of gold and silver. Most of us buy the gold chains, silver earrings and keep these as investment.
1 person likes this
@llbo1981 (1242)
• China
2 Jan 11
If i have money to invest,i will buy gold,not to buy silver.In my opinion,buying gold can bring us more benefit than buying silver.The worth of gold is growing up day by day.The worth of the silver growing up slowly in daily life
@scheng1 (24801)
• Singapore
2 Jan 11
Hi llbo, actually the opposite is true when it comes to the gold and silver investment. The price of gold is US$1422 at this moment. If you want to get 100% return, you need to wait for the price to double to US$2844. That will take a very long time. Silver is now US$30. Once silver hits $60, you will double your money already. Do not forget that the factories are fighting for silver too. You will see silverware as in silver spoons, silver cups in high class restaurant. You will see that all electronics goods contain silver, since it is a good conductor of electricity. Your laptop and cellphone has silver in them. Where investment is concerned, people talk about percentage of return, not the absolute return.
@tvarasu10 (101)
• India
1 Jan 11
I prefer investment in gold though it is costly because it is internationally valued.
@scheng1 (24801)
• Singapore
1 Jan 11
Hi Tvarasu, that is very true of gold. People all over the world tend to value gold more than silver, that is why the price of gold shoots up so high now. In term of buying jewelries, people like to buy gold jewelries rather than silver jewelries. There is always a demand for gold among consumers. If we have money, the best is to have both. Since money is limited, I prefer to invest in silver now, rather than gold. The price difference is really very huge.
@sender621 (14956)
• United States
1 Jan 11
Gold is an investment that was begun years ago. It is still something solid today. silver may be a fine investment, but i don't think it can ever replace the value of gold.
@scheng1 (24801)
• Singapore
1 Jan 11
Hi Sender, gold is certainly a very ancient investment. When we read historical account, we can see how the ancient people value gold and silver. The price of silver will definitely not go higher than gold. However, in term of investment, we are talking about the times of return. If you buy gold when it was a thousand dollar per ounce, and sell at two thousand dollars per ounce, you make 100% profit. However, if you buy silver at ten dollars per ounce, and sell at thirty dollars per ounce, the profit margin is 200%.