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What precious metal do you guys feel is best to invest in? Gold, silver, platinum, or palladium?

I'd say gold and then silver. If you can't afford gold, go with silver bars or bullion. Those two will likely always be easier to resell over the other two. I don't know many who invest in palladium and as for platinum, it's great for jewelry but for investing, meh. That's must my opinion though.

Personally I think the boat has sailed on gold and platinum. Silver is the last affordable frontier in metal followed by copper and nickel as last ditch choices. Although the "experts" say by end of year (unless gov't does something drastic to turn things around) $2,000 ask on gold and $50-60 ask price on silver. Mostly due to lack of ground reserves to meet the demand seen in the past two years. So it looks like if the demand stays high, the available gold and silver in the market will soon becoming finite. So barring the U.S. or other central bank from dumping gold and silver into the market place (NOT likely as 85% of the cental banks are stock piling gold and silver right now) or another vein being found in the sea or Alaska or a mountain somewhere what is out there is going to have to do. One thing that worries me with palladium and rhodium they are mostly used in manufacturing and jewelry so unless something is done to help businesses we may not have such a great need for those metals. So bang for your buck is silver it's still cheap enough to get your hands on A LOT of it. Think of it like this would you rather have a ton or bricks (gold) or ton of feathers (silver)? because it will take more feathers to equal a ton.

Not sure which is going to move the most between Gold and Silver, so I stack both of them. I try to keep the value as close to equal as I can, I think both of these metals have the most potential for gains compared to the other two. I do have some Platinum, but not expecting much out of it anytime remotely soon.

I would (and am) take silver all day long compared to gold. It is more affordable and at a great gold/silver rate right now. In my opinion, I would not be surprised to see silver at $50+ per ounce this year. Gold will probably go up too, but not nearly at that rate... That being said, buy what you like, then you won't have to worry if the price doesn't do what you expect it to....

Mostly due to lack of ground reserves to meet the demand seen in the past two years. So it looks like if the demand stays high, the available gold and silver in the market will soon becoming finite. I don't think this is true. I follow mining shares very closely ( not just the price, but reading the SEC and the Canadian NI 43-101 reports) and there is still more gold in the ground than people want to buy. The mining companies are not unlike the oil producers, neither want to burn through their reserves if it drives the prices down. Right now there is not enough demand anywhere to drive the PM upwards, the PM prices are reflecting the strength of the USD, which has been strong and the EURO, which if Greece and Portugal/Spain stay solvent, may drive the USD down some and PM and other USD denominated commodities up. If Greece takes the euros and defaults anyway, the euro will slam. The main driving force for the gold and silver producers is not what they see as the price alone, but the price - the cost of producing it, in other words the net cost per ounce. Even small mining companies have many million of ounces in reserve that is dependent on the net cost as far as being produced. Energy costs is probably the largest cost factor for most of the miners in the US and Canada, and as the USD goes up, energy costs go up and the POG goes down, so why produce. Other places, security costs may be as high. The bullion sellers, would love that everyone thinks the earth is running out of PM, but there is a very very long way to go. IMO.

I'm surprised a lot of you are saying gold. It can drop/rise massive amounts everyday. It just doesn't seem like a good long term investment.

I'm surprised a lot of you are saying gold. It can drop/rise massive amounts everyday. It just doesn't seem like a good long term investment.

Well you just dont buy 1 oz of silver, chances are a serious invester purchases 50+ oz's and if silver drops you multiply that by 50 and theres your gold loss.

Well you just dont buy 1 oz of silver, chances are a serious invester purchases 50+ oz's and if silver drops you multiply that by 50 and theres your gold loss.

Not really. Silver is demonstrably more volatile than gold. Look at the price history.

If I had to buy a metal at these prices, I would buy platinum or palladium.

memorability downstate

Wednesday, February 22, 2012

Best precious metal to invest in?

Best precious metal to invest in?

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