SEW247 Posted September 1, 2011 Share Posted September 1, 2011 I have multiple ounces of physical gold and a couple Kgs of physical silver. I have a Bullion vault account with £5k which is my sort of speculation money. I'm trying to decide more gold or more silver or to hell with that and wait for the equity crash and go all in on equities. News coming out today make me pretty bearish: - Reduction in base rate in Brazil - Negative Q2 growth in Canada - Poor PMI figures for UK and Germany I'm guessing more QE is on the cards in the UK and US, but will this drive silver up, or will it be driven down due to lowering industrial demand? Thoughts / opinions please! Thanks Quote Link to comment Share on other sites More sharing options...
hpwatcher Posted September 1, 2011 Share Posted September 1, 2011 I would continue to buy in similar proportions, maybe buy coins too i.e. Britannia's as these are CG exempt. Quote Link to comment Share on other sites More sharing options...
1888 Posted September 1, 2011 Share Posted September 1, 2011 As a long term investment physical silver is a must 90% that has been exhumed is already gone forever the estimates of what remains are probably overstated due to silver being found near the surface as opposed to gold which lies further down therefore most of what can be found has already been found. Silver has unique qualities that cannot be replicated or easily replaced with other substances and new uses are being found for it all the time .The amount of silver used in a blackberry will not affect the price of a blackberry but the amount of blackberrys will effect the price of silver. Mexico looks like it may move to a silver backed peso and as the price of gold gets beyond the reach of Mr Avg then its silver who captures attention. The silver market is extremely small ,there is only 1/3 oz of gold for every person on the planet currently available for silver that falls to 1/14 oz . There is more gold above ground than silver and that hasnt been the case for over 700 yrs. Personally I am and have been using 50% of my wage every month to accumulate silver and will continue to do so for quite a while yet Quote Link to comment Share on other sites More sharing options...
padington Posted September 1, 2011 Share Posted September 1, 2011 I just bought 24kg's, think its a short, medium and long term winner just make sure you're able to hold until the price makes your target as it may go underwater for a year if the wind really blows the wrong way. Quote Link to comment Share on other sites More sharing options...
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