Gold vs Silver, Who’s the Winner? 黄金VS白银大比拼，孰赢孰输？

 

English version

In our previous article, I’ve mentioned that my personal recommendation for a newbie investing in precious metals is to invest and purchase in Gold. I’m sure you’ve heard that Silver has been trending recently, leading you to be hesitant on whether you should be choosing Gold or Silver, right? Today, we will be analyzing and comparing these two precious metals so that everyone can choose the investment they think is worthwhile.

We previously discussed that Gold has two key points – Liquidity and Buy/Sell Spread, which is in line with the needs of a newbie investor. In fact, I personally think that these two points are factors that must be considered in any kind of investment, not just for precious metals.

In terms of Liquidity, we’ve seen an improvement in Silver for the last 10 years. Although Silver is considered to be slightly inferior as compared to Gold, most dealers and a small number of pawnshops have accepted trading Silver (note: Silver here refers to investment grade Silver, which excludes Sterling Silver, 925 Silver jewellery, silverware, etc.). The Buy/Sell Spread on the other hand, increased from the usual 10% to between 15 – 20% due to a series of events (temporary supply chain paralysis caused by Covid-19, #SilverSqueeze by the Reddit Community, etc.). Dealers had to increase the price of Silver products accordingly as many mints and refineries increased their premiums due to supply shortages.

Having said that, let’s look at what other advantages Silver have over Gold. Personally, I think that affordability is the biggest advantage of Silver. Let’s take the most common hallmark coin – Canadian Maple Leaf One Ounce Gold and Silver coins as an example. The current price of the Gold coin can purchase 68pcs of the Silver coin. Just imagine, what happens if both Gold and Silver price rise by $10/oz? Well, the 68 pieces of Silver coins you bought would be more valuable than 1 Gold coin (note: we must also consider that the actual price increase of Gold and Silver are usually different, and this is just an analogy). It is precisely that because Silver is cheaper, its Upside Potential is also greater as it holds a higher value when holdings increase. The price of Gold as of 10 Mar 2022 15:45PM Singapore Time is USD 1,978.50/oz, and the price of Silver is at USD 25.50/oz (oz=troy ounce, pronounced as “aʊns, and is equivalent to 31.1035 grams). In August 2020, Gold hit an all-time high at USD 2,074.96/oz, whereas Silver’s all-time high was USD 49.45/oz in 1980. In terms of probability, I personally think that chances are higher that Silver’s price will double rather than Gold doubling its price.

By now, you must be wondering why wasn’t Platinum mentioned in my article? I’d say take it slow and not to rush as we should always learn things step-by-step. (In fact, I had to squeeze my brains and leave some topics to write for in the long-term when writing a manuscript. Thanks in advance for not blowing my cover!)

I will stop here for now, see you in our next article! If you’ve any questions, please feel free to leave a comment and we can discuss together.

 

Maya

 

 

中文版本

上期我们说到作为新手，我个人比较推荐买入黄金作为你第一块打开投资贵金属大门的敲门砖。可是相信你们还是会听说过最近白银很大势喔所以在犹豫到底选择哪一个比较好对吧？那么我们今天就来分析比较一下两者好让大家可以选到自己认为值得的投资。

之前我们说到黄金有两个特点我觉得是契合新手投资的需求的，那就是流动性(liquidity)和买卖差价率(buy/sell spread)。其实我觉得这两点是任何一种投资都得要考虑的因素，不单单只是适用于贵金属投资。

首先就流动性而言，白银在近10年的流动性已经改善了许多。虽然比起黄金还是稍微逊色了一些，可是大部分的经销商和少部分的当铺都已接受买卖白银（请注意这里的白银是普遍指投资用的白银，不包括sterling silver, 925银饰或银器等）。至于白银的买卖差价率则因为新型冠状病毒肺炎造成的短暂供应链瘫痪以及红迪(Reddit)用户挤压金属供应等一系列事件从往常的10%左右增加至15-20%。这是由于供不应求而造成很多铸币厂和精炼厂把手工费(premium)提高，经销商唯有跟着调高白银产品的售价。

说了以上两点，让我们来看看白银比起黄金有什么其他优势吧。我个人认为便宜是白银的最大优势，以最普遍的加拿大枫叶一盎司金币和银币来举例的话，目前一个金币的价格可以买68个银币。设想如果金价和银价同时都上涨10元，那你买的68个银币带给你的增值就会比1个金币来得多（当然也要考虑现实金价和银价的涨幅通常是不一样的，这里只是做一个简单的比喻）。也正因为白银便宜，所以它的上涨潜力比起黄金是大很多的而且因持有数量带来的增值也比较多。截至2022年3月10日新加坡时间15点45分，金价是美元1978.50/oz而银价是美元25.50/oz （盎司oz=troy ounce，读作”auns”。等于31.1035克）。2020年8月金价达到了历史以来最高的记录美元2074.96/oz，而银价的最高纪录则是在1980年达到49.45/oz。以可能性来说，我个人认为银价会翻倍的几率比金价来的高。

你说怎么没谈到铂金？慢慢来别急，学习总得要有个循次渐进（其实是我写稿也要挤挤脑汁留点话题才能写长远，请别当面拆穿我小女万分感激）。

今天暂时就分享到这里，我们下回见！有什么疑问欢迎在我们的留言区讨论哦。

 

 

Maya