You are viewing a single comment's thread from:

RE: Looking into precious metals

in LeoFinance4 years ago

There are definitely more gold reserves out there. The price may also be capped when it becomes more economically viable to mine. Unlike silver, we aren't even close to that number yet.

Another huge red flag with silver is distribution. It has been cornered a few times. It's impossible to do this with gold.

Silver also spiked 8 years ago because its use as an antimicrobial agent became trendy. However since then we have found out copper and a few far cheaper base metals like zinc are no more toxic and just as or more effective. So silver's industry demand has dampened.

Gold on the otherhand has extremely unique properties.

Diamonds are a well known market manipulation and can be produced artificially. Their value is intrinsic.

The microdiamonds are harder than gemstone diamonds, but not 100x. Are you thinking of carbon nanotunes? Thats just graphite and only expensive in large perfect quantities.

Sort:  

Yes i get your point that is why i wont buy official coin silver but rather have a collection , it is beautiful , useful and is worth more than the plain metal .
For the diamonds in russia it is a very odd story , i dont know what to believe , it still turns in my head but it was like super diamonds they found out of nowhere and nothing like those on earth anywhere else .