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Moderator
 Canada
10458 Posts |
I unloaded most of my silver in September, when it reached CAN$40/oz... I usually don't start stacking it until it drops below $25/oz... which it invariably will in time.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
United States
5832 Posts |
Greed is good!
Greedy No good!!
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Pillar of the Community
United States
2854 Posts |
Silver is appreciating in value due to a Short Squeeze in the market. Shorting = Borrowing shares of said stock, anticipating the stock price will depreciate in value & then the trader collects the difference when Covering aka selling the position. BUT.... if you're Short when others are buying the stock & it begins to appreciate in value.... instead of COLLECTING the difference in price, you are obligated to PAY THE DIFFERENCE. Shorting can lead to unlimited losses like the billions of $'s the hedge funds lost on Gamestop, ticker $GME.
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Pillar of the Community
United States
4333 Posts |
You'll be hard pressed to find physical silver for sale right now. And where it's available online, place an order but it could be weeks for delivery.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Canada
1049 Posts |
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Pillar of the Community
Australia
1333 Posts |
This is not finical advice!
@JohnWayne007 I say that premium in this short term maybe long term window might go up significantly that bullion coins might be worth the effort, but who know how long this situation will last or if it get worse? Covid-19 who knew. =.= might be a good idea to see if there any interest and if anyone wan't to lock in on orders (how much more they want to pay compared to spot)
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Bedrock of the Community
Australia
21788 Posts |
Beware of speculators. That is what is happening now.
Decades ago, I bought junk silver at $5 per ounce, sold at $9 per ounce after the Hunt brothers tried to corner the silver market.
They lost, I didn't.
Or perhaps I did loose - I bought shock absorbers for my car, effectively for free. The car has long since found it's way to the crusher.
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Rest in Peace
United States
18456 Posts |
I remember when Silver was $3 an once , I simply paid no attention to it . It was the furthest thing from my mind to stock up at that time when I was mainly into trying to fill my 1909-1940 Whitman blue album with F to XF Lincolns . There was no Sheldon numbers back then . Stupido  |
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Pillar of the Community
Canada
5395 Posts |
Sure looks like the current Silver Market is " All Hat and No Cattle "
Yesterday ....Boom .......Today Gloom !
Seen this scenario with SILVER over and over again .
Next stop could be as easily $ 20 as it could $40 .
NEVER RISK more than you can afford to play with .
As long as they take $20 bills for gas and groceries we are good!
When they don't we have much bigger issues to worry about!
My honest take on Precious metals ...... in the words of Ricky Ricardo
......" We being played Lucy! "
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Pillar of the Community
2145 Posts |
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Redditors are now driving up the price of silver, similar to what they did for Gamestop.
Now is the time to sell. Guess not...........  |
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Pillar of the Community
 Canada
665 Posts |
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We being played Lucy! An often repeated mantra is "To make a small fortune in the market you need to first start with a large fortune". Most small investors cannot afford to move a market. The big hedge funds today like the Hunt brothers 40 odd years ago do have enough capital to move a market but even they cannot fully control the market... The Hunts ended up losing over a billion dollars... the hedge funds in the Reddit/Gamestop fiasco have recently lost billions... It is clear that the markets... whether stock market or commodity market are prone to manipulation by those with large amounts of capital... and always have been. Silver is selling at $43CAD/Oz right now... Next week, it could be $60 or $25. There are opportunities to make money investing but I would like to echo and emphasize the sage advice from @Pacificoin Quote:
NEVER RISK more than you can afford to play with Personally, Silver and Gold investing is like Vegas with a plus... I get to invest/play with money I can afford to lose and while I own the PM, I get the fun of collecting and unlike Vegas, there will always be some value in the PM as it is unlikely that silver or gold will go to $0. The Markets and coin collecting are not my retirement plan and never will be. |
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Pillar of the Community
United States
2637 Posts |
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I remember when Silver was $3 an once I remember when silver was $4.50 and ASEs were $6, and I said there is no way I'm paying a 33% premium. |
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Moderator
United States
188770 Posts |
Quote:
I remember when silver was $4.50 and ASEs were $6, and I said there is no way I'm paying a 33% premium.  |
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Pillar of the Community
Australia
1333 Posts |
is there anywhere that has a live chart of what happening not just on SLV chart as in stuff like premium and volume and that sort of more interesting stats.
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Pillar of the Community
United States
4870 Posts |
JM Bullion has instituted a $299 minimum order. For how long, who knows?
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Replies: 25 / Views: 4,532 |
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First Page
Posted 02/01/2021 3:23 pm
