Hopefully, I want my ag lot and a bunch of cows, not floppy type, real cows
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Maybe you can get both lol
Whatâs the title of the thread?
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Silver pops more but is more volatile. If you want stability and have a shorter timeline buy gold. If you want to gamble a little more and have time get some silver. You can watch some Mike Maloney videos and he explains it all. The videos are easy to watch. Watch the secrets of money series
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I also believe in the gold silver ratio. Throughout history the ration was 16 to 1, it is now 90 to one I believe. Silver comes out of the ground at 8 to 10 to one compared to gold. Also gold is hoarded and silver is consumed. Almost every ounce of gold that has been mined is still available or held. Silver has been consumed, I think 70% of mined silver gets consumed every year.
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Just now asked AI to do a deep dive breakdown comparison of gold, silver and btc and give each a 1-10 investment score:
Deep Dive Breakdown: Gold, Silver, and Bitcoin (BTC)
1. Gold
Historical Role & Stability:
- Gold has served as a store of value and a medium of exchange for thousands of years. It is globally recognized, and central banks often hold it as a reserve asset.
- Its value tends to hold up well during times of inflation or economic uncertainty, making it a âsafe havenâ investment.
Liquidity:
- Gold is highly liquid. It can easily be sold or traded in nearly any part of the world.
- However, gold requires secure storage (vaults, safes) and often incurs fees for custody, insurance, and transport.
Volatility:
- Generally low volatility compared to stocks or cryptocurrencies.
- Its price tends to move slowly, reflecting broader economic trends (e.g., inflation or deflation).
Growth Potential:
- Gold is not typically seen as a growth investment. Its price appreciates slowly over time, with short periods of rapid increase usually during crises.
- Long-term, it provides preservation of capital rather than large gains.
Supply Factors:
- The global supply of gold is relatively stable. While mining continues, the total quantity of gold above ground is known, limiting its supply.
- As a physical asset, it cannot be artificially inflated like fiat currencies.
Risk:
- Very low risk compared to other assets. The biggest risk is opportunity costâinvestors might miss out on higher returns from equities or other assets.
Investment Score:
- 8/10: Gold is an excellent long-term store of value, particularly for risk-averse investors. Its stability and liquidity are strengths, though its limited growth potential lowers its overall score.
2. Silver
Historical Role & Stability:
- Like gold, silver has been used as a currency and store of value for centuries. However, it has more industrial uses, which makes its price more dependent on supply-demand dynamics in those sectors.
- Silver tends to be more volatile than gold because of its dual role as both a precious metal and an industrial metal.
Liquidity:
- Silver is liquid, though less so than gold. While it can easily be traded or sold, the infrastructure for silver isnât as robust, and it may take longer to sell large amounts.
- It also requires storage solutions similar to gold, though its bulkier nature (for equivalent value) makes it slightly more cumbersome.
Volatility:
- Silver is much more volatile than gold due to its industrial demand in sectors like electronics, solar energy, and medicine.
- Price swings are more pronounced and can be affected by both economic shifts and changes in industrial usage.
Growth Potential:
- Silver often lags behind gold during bull markets but can offer higher percentage gains when demand spikes.
- Itâs often viewed as a more speculative investment compared to gold but has the potential for higher short-term returns.
Supply Factors:
- Unlike gold, silverâs supply is more tied to industrial production. Any disruptions in industries that use silver can lead to price shifts.
- The mining and production of silver can also impact its availability and price.
Risk:
- Moderate to high risk. The volatility of silver makes it riskier than gold, though it can provide significant upside in bullish markets.
- It is also more susceptible to declines in times of reduced industrial demand.
Investment Score:
- 6/10: Silver is a good hedge, but its higher volatility and industrial dependence make it riskier. Its potential for higher returns can be attractive for speculative investors.
3. Bitcoin (BTC)
Historical Role & Stability:
- Bitcoin was created in 2009 as the first decentralized cryptocurrency. It is designed to be a store of value and a medium of exchange outside government control.
- Bitcoin is still relatively young compared to gold and silver, so it doesnât have a proven long-term track record.
- Its price has seen extreme fluctuations over the past decade.
Liquidity:
- Bitcoin is highly liquid, especially on major cryptocurrency exchanges. You can trade or sell Bitcoin at any time, though transaction speeds can vary.
- There are increasing opportunities for institutional involvement, which has improved liquidity.
Volatility:
- Bitcoin is highly volatile. Price swings of 10-20% in a day are not uncommon.
- It is sensitive to market sentiment, regulations, technological developments, and macroeconomic factors.
Growth Potential:
- Bitcoin has shown enormous growth potential, with early investors seeing returns far surpassing traditional assets.
- As the market matures, Bitcoinâs price growth could slow, but many view it as a high-growth, high-risk asset.
Supply Factors:
- Bitcoin has a hard cap of 21 million coins, which makes it deflationary in nature.
- This scarcity is one of Bitcoinâs major selling points, and the halving events (which reduce the rate of new supply) tend to drive price increases.
Risk:
- Very high risk. Bitcoin is subject to regulatory scrutiny, hacking concerns, and market manipulation.
- While it is a promising investment for those who can tolerate its volatility, it is not a âsafeâ investment by traditional standards.
Investment Score:
- 7/10: Bitcoin offers unparalleled growth potential but is much riskier than gold and silver. It may be better suited for risk-tolerant investors who believe in its long-term potential.
Summary Investment Scores
- Gold: 8/10 â A stable, low-risk investment with long-term preservation of value, but limited growth potential.
- Silver: 6/10 â Higher volatility and more industrial dependence make it riskier but with a higher potential upside.
- Bitcoin: 7/10 â Offers the most significant growth potential but with the highest risk due to its volatility and regulatory uncertainty.
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I also used AI and I was able to get it to contradict itself with question on silver supply, how much is used in certain electronic things like phones etc.
I asked it how much a phone would go up if the price of silver went up to $600 and it have me a crazy number, like double the price. I then asked how much silver was in a phone and it as grams, I then asked what the cost of the silver in the phone was and it was like 6 bucks. So I cought it in a lie
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The summary seems fair here. That is if things stay the same however. Read about the Weimar Republic and what happened to gold.
Seems like every 100 years we get a financial upheaval like this
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I am a stacker as well.
But my question is about bitcoin: I have two accounts, kraken and okcoin. NEITHER site will let me withdraw funds or cash out. I fear one morning I could wake up and they could just take my coins and nuke my account. Is there a current freeze on withdrawls?
Got a ledger stick with btc and eth on it and the password no longer worksâŚI hate technology!
Things look manageable in 1920 then all hell breaks lose in 2 years
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I donât know much about crypto but keep your coins in a cold storage wallet, keep your keys, so if the exchange goes bankrupt, which they have done so a few times, you donât lose your crypto
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lost track of this thread
Donât you want me ?
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The reason Iâm betting on silver?
The gold silver ratio is out of whack now than it has been for thousands of years. The historic ratio has been about 16:1, it is almost 90 to one now. When it is this high you buy silver. I think it will hit 10:1, I will sell a lot of silver and buy gold then.
I think there is a lot more gold than people think and less silver than people think as well. Gold is hoarded and silver is consumed. Silver rate of depletion is increasing too.
I believe mining will become more difficult. There is huge ecological damage that mining does, it pollutes billions of gallons of water. When people in South America start starving the countries will have to stop mining or they will be kicked out.
Ore grades and mining production peaked in 2015 I believe, we are on the wrong side of the cliff.
This is just one mine but all of them tend to look like this
Silver prices have been so low for so long there has been no money spent of exploration. It takes decades from when you find a dig site to when you start getting metal. Very little has been spent so donât expect new mines soon.
Silver is mainly a byproduct of zinc or copper but even those metals are slowing down
I have a Kraken account and havenât had these issues except when I forgot my email password but the eventually let me switch emails after doing a zoom call and showing my id. Never heard of a ledger password no longer working. Are you sure you arenât putting it in wrong? Do you have your seed phase?
AI:
Your friendâs issue with not being able to withdraw funds from Kraken and OKCoin is concerning, but there are a few likely explanations rather than a system-wide freeze on withdrawals.
Possible Reasons:
-
Withdrawal Holds and Account Security: On Kraken, there are several reasons for temporary holds on withdrawals, including recent password changes, deposits via certain methods like ACH or PayPal, or if funds are tied up in open orders or margin positions. These holds are typically temporary and may last between 24 to 72 hours depending on the method usedă8â sourceăă11â sourceă.
-
Account Verification Tiers: Both Kraken and OKCoin use tiered verification systems that impact withdrawal limits. If the accounts are not fully verified, they may be subject to lower limits or holds on larger transactions. For instance, OKCoin users at higher verification levels can withdraw up to $50,000 or more per day, while Kraken offers up to $100,000 per day for higher-tier accountsă9â sourceăă10â sourceă.
-
Service Maintenance or Restrictions: Sometimes, exchanges suspend certain types of withdrawals or services due to maintenance or upgrades. For example, OKCoin has suspended specific token withdrawals, such as MATIC on the Polygon network, which could temporarily affect account functionality if dealing with those tokensă12â sourceă.
Recommended Actions:
- Contact Support: Reach out to customer service for both Kraken and OKCoin to see if there are specific issues with the accounts or any holds that can be addressed manually.
- Check Verification Levels: Ensure that both accounts are fully verified to avoid any restrictions based on verification status.
- Monitor for Announcements: Check each platformâs status page or help center for maintenance announcements or updates affecting withdrawals.
While these platforms are generally secure, itâs wise to consider moving crypto to a personal wallet for extra security once withdrawals are enabled. If the issue persists, stay in close contact with their support teams to avoid any complications.
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I forget, was in 10k silver?
? You mean the top level? King level? He says over 1 million ounces. Eric Sprott supposedly has 5 million ounces