Quote:
Originally Posted by Vendzilla
If you buy it at $500 an ounce and you spend $10k and gold goes up a dollar, you make $20
If you buy silver at $10 an ounce and you spend $10k and silver goes up a dollar, you make $2000 , so why would anyone buy gold when it's high levels?
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Seriously?
You are comparing a 10% rise in silver (wrongly btw, profit would be 1k not 2k) to a 0.002% rise in Gold.
Gold prices fluctuate by whole dollars every other minute, silver by pennies.
Which is why commodity/stock prices performance can only be compared in percentage points.
I didn't want to answer any of your post, but now that I see your lack of grasp of even the most basic I understand a whole lot.