Gold or Silver below spot - which would you pick?

[DukeSilver]

Hello all!

This is exciting as it's my first post to the discussion forums (so please be gentle).

I was curious: with all the current market conditions taken into account, if you had the choice today to buy either gold or silver below spot price (same percentage - let's say 5-10%), which would you pick?

(Caveat: you can't have both, but feel free to suggest an alternative precious metal)

All the best

[watchesandwhisky]

gold, every time.

That said i wouldent turn down silver under spot neither! but if i could pick one its gold.

[Thelonerangershorse]

At the moment, silver, it's price is moving up way faster in % terms.

[paul1212]

Silver, it's not easy to even buy at spot, let alone under. Assuming you're talking coins/bars, not scrap.

[ChrisSilver]

@DukeSilver if you would like you can edit your topic to also include a poll  (totally your choice) 

[DukeSilver]

42 minutes ago, ChrisSilver said:

@DukeSilver if you would like you can edit your topic to also include a poll  (totally your choice) 

Great idea!

Updated 🙂

[DukeSilver]

1 hour ago, paul1212 said:

Silver, it's not easy to even buy at spot, let alone under. Assuming you're talking coins/bars, not scrap.

Interesting: why not scrap? Assuming you could get a fair price would the potential not be the same as bullion over time, or do you think the negative premium would wipe out any likely gains?

Also, what would you count as "scrap"? I know a few folks who would count unassayed bar/ingots as scrap - I'm a little on the fence about that one. I guess it comes down to resale potential in the end.

[HerefordBullyun]

Silver from the Silver bug in me 😂😂😂😂

[vand]

What does the relevance of being below spot price have to this question??

Gold is gold and silver is silver, and the less you can spend acquire your ounces the better.

 

Although that said, if you are agnostic between the two and can actually get your hands on silver for little premium then that sounds like the better idea right now. Hell you could probably flip it immediately for +30%

[watchesandwhisky]

For those wanting silver under spot - here you go! 

 

[xct]

Depends. If I have to choose between a gold or a silver maple leaf for lets say 1% under spot. I would choose silver.

But between scrap gold or silver I would choose the gold.

[DukeSilver]

17 hours ago, vand said:

What does the relevance of being below spot price have to this question??

Gold is gold and silver is silver, and the less you can spend acquire your ounces the better.

Good question.

From my perspective I tend to see a far smaller proportion of deals for silver below spot (when compared to the proportion of gold deals at least). I'm guessing this is either because silver tends to carry such a high premium, so it's hard to go below spot without losing out, or perhaps because gold has done so well recently that sellers feel they can afford to take a bit of a hit to ensure a sale. Or maybe I'm totally wrong and it's something else entirely. I was just curious to see if that specific condition would make any folks think twice about their choice 🙂

[vand]

Premium on physical investment grade gold coins/rounds/bars is usually 1-2% while on silver it's more like 15%+, so work in relation to what are typical prices for physical, not spot price.