Post by biggkidd on Mar 23, 2023 16:38:24 GMT -6
We all know the dollar is taking a beating and it's more than likely to get worse. Gold closed over $2000 today and there are people who expect to see $3000 by end of year. Silver is pretty much holding pace with gold for now. All of what's stated above are facts the best I can tell as of today, what's below is my opinion and I hope y'all will give it some thought.
I think silver is going to start out pacing gold as the dollar continues to crumble. Silver has been artificially under priced for years considering it's use as a PM as well as use in tech products. Neither of those are directly why I think it's going to out pace gold though. In my opinion once the masses realize the dollar is really sinking they too will realize they need a means to trade with that retains it's value. For daily purchases gold isn't really an option. Grams and fractional ounces are just to small to handle and keep up with. Silver on the other hand will be perfect for daily purchases. Once people realize this I highly expect the price of silver will pop as the surge of new buyers hits!
Personally I would start buying pre 64 dimes then quarters and finally ounces and multi ounce bars last. These denominations will handle most day to day transactions for family affairs. After that then I would start with 1/2 ounce and ounce gold pieces.
Just my 2 cents YMMV
ETA: this post is meant mainly for people like myself who live paycheck to paycheck / fixed income and don't have "investments or other income"
I think silver is going to start out pacing gold as the dollar continues to crumble. Silver has been artificially under priced for years considering it's use as a PM as well as use in tech products. Neither of those are directly why I think it's going to out pace gold though. In my opinion once the masses realize the dollar is really sinking they too will realize they need a means to trade with that retains it's value. For daily purchases gold isn't really an option. Grams and fractional ounces are just to small to handle and keep up with. Silver on the other hand will be perfect for daily purchases. Once people realize this I highly expect the price of silver will pop as the surge of new buyers hits!
Personally I would start buying pre 64 dimes then quarters and finally ounces and multi ounce bars last. These denominations will handle most day to day transactions for family affairs. After that then I would start with 1/2 ounce and ounce gold pieces.
Just my 2 cents YMMV
ETA: this post is meant mainly for people like myself who live paycheck to paycheck / fixed income and don't have "investments or other income"
