Two precious-metals experts duke it out over the virtues of their favored assets
Gold vs. silver: Which is the better investment? To find out, CNBC put two precious-metals experts in a boxing ring, in the form of Goldmoney chief James Turk and Charlie Morris of HSBC Global Asset Management.
In this Oct. 26 interview, Morris argues that gold will outperform silver. "We're in a massive bull market for all precious metals," but silver is more volatile, he says. In the long term, gold will triumph because gold is "a more precious precious metal, so I think over the long term you're going to get a better return at a lower volatility."
Turk argues that silver will outperform gold - though he endorses accumulating both metals because both avoid "counter-party risk." "I'm a long-term accumulator. I see buying gold or silver as a form of savings - you're saving sound money and you've done very, very well this decade, and I think that's going to continue regardless whether you buy gold or silver. From a short-term point of view, I am very bullish on silver. I think you're going to see $30 in silver before the end of this year, and my view is that you'll probably see $50 silver next year. So, in the short term, if that's your time frame - 18 months - silver's going to be outperforming gold I think as well. But from a long-term point of view, if I'm correct about the [gold-to-silver price] ratio falling back down below 20, silver's going to outperform then too. My recommendation is generally to have two-thirds of your bullion portfolio in physical gold and one-third in physical silver, and if silver does outperform, it will become increasingly part of your portfolio."
909 Poydras Street
New Orleans, LA 70112
Ownership of U.S. Gold Coins has created great personal satisfaction and wealth.
the web site of Blanchard and Company, Inc.– America’s Rare
Coin & Precious Metals Firm®. Blanchard and Company,
Inc. is one of the largest retailers of rare coins in the United States
and has preferential access to coins and collections. We recommend that
you buy U.S. gold coins in the highest grades you can afford and hold
them for the long term. The company has provided over 450,000 consumers
with assistance in gold, platinum, silver and other coin and bullion