Commodities Tips, EquityTips, Trading Levels for Commodity: Advantages of Silver Over Gold

Commodities Tips, EquityTips, Trading Levels for Commodity: Advantages of Silver Over Gold: "The average person can’t afford to buy gold, so it is most suitable for wealthy people for investment and central banks. With silver being s..."
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The average person can’t afford to buy gold, so it is most suitable for wealthy people for investment and central banks. With silver being so much cheaper, the average person can go to his local coin dealer and buy some.

The advantages of silver over gold as an inflation hedge are numerous and need to be considered:

- The silver market is much smaller, and it doesn’t take as much money moving into silver as an investment to move the market up. Silver has outperformed gold dramatically over the last few years, going from $3 an ounce to over $40 an ounce.

- Silver is also a very important industrial metal with over 3,000 industrial uses.

- The government has never seized silver, although they have seized gold. If that worries you (it doesn’t worry me much), you would feel safer with silver rather than gold.

- The government actually has no stockpile of silver to unload. There is now more gold above ground than silver because of the silver industrial usage.

- I look upon silver as money. Throughout history more silver has been used more for money than gold. Historically, silver coins became the common denominator for money in more places and more times than gold.

If you are wealthy and can afford to buy some gold, be my guest. I think you will do just fine. However, silver will outperform gold about three to one. When I receive income from my business, I set aside enough cash to take care of my normal business affairs because paper money is still a means of exchange, although it is no longer a store of value. As a means of exchange, you can conduct your normal affairs. If I have any left over, I go to my local coin dealer and buy silver.

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All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

YouTube MINING STOCKS Vs PHYSICAL GOLD & SILVER Mike Maloney

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Silver prices fell sharply... May 1

By V. Phani Kumar and Michael Kitchen, MarketWatch

HONG KONG (MarketWatch) — Silver prices fell sharply in a matter of minutes during early Monday trading in Asia, though some of the plunge may have been exaggerated by reportedly thin volume.

At one point early Monday, the price dived 12% within 11 minutes, according to Dow Jones Newswires, which put the intraday high at $48.15 an ounce before a plunge to $42.21.

Silver Prices: Too hot to rationalize buying?

Silver's "almost vertical ascent" is just one of many signals suggesting the metal's rally is reaching a top, says Richard Ross, chief technical strategist at Auerbach Grayson. Gold, or better yet, copper, offer better value. Laura Mandaro reports from San Francisco.

By 10:00 a.m. Hong Kong time (10:00 p.m. U.S. Eastern time), spot silver traded at $44.93 an ounce, continuing to recover from below the $43 level earlier in the day, according to Kitco data.

Some reports pointed to low volume, due to holidays in some markets Monday, as exaggerating the drop, and said the sharp drop pointed to a speculative move against the silver price.

Silver prices also continued to recover on the futures market, with the contract for July delivery SIN11 -9.30%  down 8% at $44.720, also recovering from the day’s $42.20 low.

Gold hit too

Gold prices also fell, though by a less dramatic margin. Spot gold was trading just below $1,550 an ounce, after sliding as low as $1,543.10 an ounce from the day’s $1,578.20 high.

By 10:00 a.m. in Hong Kong, spot gold had recovered to $1,549.10.

Benchmark gold futures for June delivery settled at $1,556.40 Friday on the Comex division of the New York Mercantile Exchange, but the contract GCM11 -0.73%  dropped to $1,547.50 in electronic trade early Monday.

Among other precious metals, platinum prices were down 1.8% at $1,839.00 an ounce, and palladium dropped 1.8% to $775 an ounce in the spot market. 

Varahabhotla Phani Kumar is a reporter in MarketWatch's Hong Kong bureau.Michael Kitchen is Asia editor for MarketWatch and is based in Los Angeles.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Spot Silver 24 Hour...May 1

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.