Hello Vi,
you said: "Thanks, Bob. I think physical silver is a better hedge than physical gold, and for a good reason. In 1933, gold was taken away from people, in exchange for $20 (per OZ), then it's price was hiked to $35. In more recent history, nations in currency crises collected gold from citizen. It happened before. Who said it won't happen again? I don't think they will take away silver."
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*** i think there are a few of other advantages.
1. since it is worth less than gold, it can more easily buy low cost items.
2. it might become more commonly and easily traded than gold in a crisis.
3. its large bulk and weight per dollar value in relation to gold might actually be an advantage in regard to theft, rather than a disadvantage (as most believe). of course if you only have a small amount, it makes no difference in either case. But a million dollars in gold is much easier to steal than a million dollars of silver because of the much bulkier and heavier silver.
all that said, i still prefer gold as i suspect most would. :)
regards,
-gru |
