One week ago I posed the question,
“Are You A Gold Bug Or A Silver Bug”?
After checking and counting the votes I got a total of 28 responses and an overwhelming yes vote for Silver bugs.
The final count was,
23 silver bugs
0 gold bugs
5 both bugs
So looking at this small sample you can clearly see I didn’t get any responses from any gold bugs and 5 voters preferred an even split between the 2 metals.
Well it’s pretty clear to me that Steemit has a lot more silver bug, than gold bugs.
Have you got your silver yet?
One noticable different is that silver has industrial use comparing to gold. You need silver in car manufacture but you only need gold for something like food decoration. But whether to hold gold is really a personal choice. Due to historical reason, gold is the representative of confidence and i think this is why we see the price difference nowadays.
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Or because silver is so widely used in countless industrial processes, it makes sense to have it as cheap as possible to maximize profits.
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Congratulations @silverbug!
Your post was mentioned in my hit parade in the following category:
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I believe silver will out perform gold in the upcoming years. Had that feeling in my gut since I started buying in 2013.
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I know what you mean, silver always out preforms gold on the upside and frustratingly on the downside even more so. But all we can do is just wait for our ship to come in, that's what investing is I guess. Cheers
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Oh yes I believe that very well too
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Silver like free money right now! At the prices you can't go wrong.
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I will take free money any day. LOL cheers
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I feel that way too :)
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Why silver? It's cheaper than other precious metals.
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It always has been throughout history, but not by 74:1 this much is just ridiculous. Cheers
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I think you may have meant to say, "It's the most undervalued compared to other precious metals." Price is irrelevant. ;)
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No. I meant to say it's cheap - in short, I can afford silver, I cannot afford gold (I have one 1/4 oz. gold coin and considerably more silver).
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It certainly gives you a hell of a lot more bang for your buck, that's for sure. Cheers
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Ah...okay. Gotcha.
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no surprise...silver is cheap
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Not for long I hope. Cheers
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it won't.
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I've been saying that for quite a few years now.
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is silver, poors mans gold?
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I personally believe long term silver will have more reward than gold, yes gold will go up, but I think silver is so undervalued the ratio between the two will get a lot closer than it is now.
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Bix Weir is a great guy to follow...
Hit him up @ http://www.RoadtoRoota.com
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I have been following Bix since his first Road to roota artical. Cheers
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word!!!
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I would say it's the gentleman's money. Cheers
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I think it's just that the general consensus is that silver could out perform gold as an investment plus it has a lower entry price which makes it more attractive for small quantity investors.
Gold is nice in that it is easier to store because it's value comes in a smaller package. It's good to store in the form of jewelry too.
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Silver is certainly a clear favorite on steemit. cheers
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Well, I dont know...
One thing could be, that people who own gold don't speak about it. That's based on a old wisdom, propably as old as gold owning itself.
Another thing is, that its much more affordable to buy silver in small portions. You can buy a few ounces for 100 bucks at a fair price. If you buy gold for 100 bucks you only get 2 grams or so, and the margin is huge for pieces under 1 oz. And for 1 oz you need 1300$, thats a lot of money for many people.
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So you reckon the gold bugs are hiding do you, that's plausible. I did get 5 both bugs, I think maybe silver bug are just more enthusiastic. Cheers
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It s something you find in researches about gold owners, too. There are none. Which is nonsense, of course. If it were true, the bullion dealers would all have starved to death long ago. But if you own gold, you dont speak about it. It has proven to be wiser for thousands of years.
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I have a few silver coins and will buy some more. Only physical silver and gold are money, everything else is just credit. I don't know where that quote comes from initially but I like it.
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That was quoted by J P Morgan. The original owner of the Federal Reserve. Cheers
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Several years ago I went into a coin shop and was talking with the owner. He handed me a 100oz bar of silver and told me he'd sell it to me for $40.00. Not knowing the value of silver back then, I declined. I still kick myself for that. lol
Looking back, that was an incredible price even back then.
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Well it certainly not that cheap anymore, but still quite affordable for the average persons finances. Cheers
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looks like i missed that....no worries....
im both,i like gold and silver as well as platinum and palladium.....
worth to have a look into Iridium,Rutherium and Rhodium....i dont own any of them yet,but im considering it....
https://shop.degussa-goldhandel.ch/
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I will put you down as a both for future reference. Yes Rhodium, I remember when it was $10,000 an oz.
The price now is about the same as gold, the only seller I know of is Baird & Co. Cheers
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thanks mate....
i left a web page on the previous post..Degussa in Switzerland....have a look on their website....
cheers
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can you add me as another Silver Bug?
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I don't know can you still vote on a week old post?
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Physical silver was the first thing I began investing in. It seemed like a no-brainer due to several fundamental bullish factors such as the gold/silver ratio, diminishing supply and increasing demand, and the US Dollar's eventual demise.
I found out about Bitcoin shortly before I started buying silver in 2012, and I decided that "if you can't hold it you don't own it". Silver remains my favorite investment of all, but my skepticism of BTC 5 years ago sure cost me a ton of potential profit.
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Your not alone on that one by any means my friend. Cheers
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Once a silver Stacker always a silver stacker
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I have been collecting bits of silver for about 10 years now, by far my favorite.
There is some gold, copper and platinum in that pile too, but, way less.
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Yes I like silver the best too, But I think platinum is almost as undervalued as silver. Cheers
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In terms of paper futures contracts silver has been so oversold it's the biggest joke in the industry! I await the day when a large scale customer/country requests physical delivery only to find the contracts aren't worth the paper they're not printed on. Then all hell will break loose, to the point you won't be able to buy it as it will be so highly valued and indeed demanded for it's industrial uses. Either that or a financial collapse which leads to us returning to a gold backed form of currency (possibly digital in nature) which would mean as it's a finite resource the gold price would have to be hugely increased, subsequently silver would hitch a ride along with that. Interesting times, have you ever seen the economist cover from 1988? Oh and yes a definite silver bug here .. incase you couldn't tell lol
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I wouldn't disagree with a single thing your saying, you are definitely speaking my language my friend. Yes I have seen that cover of that Rothschild worthless rag,and it's 2018 global currency. Cheers
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Likewise my friend, hence why I enjoy visiting your page. And yes it's certainly a useless Rothchild Rag, I'm with you there, but I have a feeling a great change is coming and in the long run the sun will once again shine upon humanity and such people will pay the price for the ills they have visited upon us.
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Bro you know me ALOHA SILVER STACKER...it says in the name...great topic bro
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silver all the way dude. cheers
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