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Is Silver Going Up Again?

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Pillar of the Community

Canada
504 Posts
 Posted 02/01/2021  09:18 am Show Profile   Bookmark this topic Add doctorman1941 to your friends list Get a Link to this Message Number of Subscribers
*** Moved by Staff to a more appropriate forum. ***

Where is a good place to buy silver now that the price might be going through the roof.Might be a good investment for my kids as I am getting older.
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 02/01/2021  09:44 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Can't give you good advice for buying Silver right now ,but you might want to look into metal detecting and finding your own . Zero premium .
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M_d_in_guy's Avatar
Canada
1049 Posts
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johnnysprawl's Avatar
Canada
1618 Posts
 Posted 02/01/2021  10:56 am  Show Profile   Bookmark this reply Add johnnysprawl to your friends list Get a Link to this Reply
Redditors are now driving up the price of silver, similar to what they did for Gamestop.

Now is the time to sell.

https://www.cbc.ca/news/business/si...ge-1.5895790

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westernsky's Avatar
United States
7613 Posts
 Posted 02/01/2021  12:07 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Whatever you buy take physical possession of it at the time of purchase.

Do not part with your money without taking your silver out the front door with you.

The market, hype and crooks will be out in full force.

Good luck!
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bobby131313's Avatar
United States
24149 Posts
 Posted 02/01/2021  12:19 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
SilverGoldBull
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nemlas's Avatar
United States
213 Posts
 Posted 02/01/2021  12:26 pm  Show Profile   Bookmark this reply Add nemlas to your friends list Get a Link to this Reply
I just invested in a silver mine. Canadian Silver Cobalt.
Pillar of the Community
Canada
1186 Posts
 Posted 02/01/2021  1:11 pm  Show Profile   Bookmark this reply Add JohnWayne007 to your friends list Get a Link to this Reply
I'm curious to know this too, I have been sitting on a few ounces of .9999+ Silver Shot that I purchased a while back when 1 troy ounce was really low, I originally planned to start striking my own silver rounds with dies made by hand but all this talk about silver rising now I'm not sure.
Finding and discovering modern Canadian doubled die varieties since 2018.

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Canada
504 Posts
 Posted 02/01/2021  1:17 pm  Show Profile   Bookmark this reply Add doctorman1941 to your friends list Get a Link to this Reply
Thank you for all the valuable information as I will move on that today.
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Pacificoin's Avatar
Canada
5393 Posts
 Posted 02/01/2021  1:41 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Words of caution from a battle scarred Silver Veteran ... tread lightly my friends !!
What goes up necessarily has to come down.
Also you never ever go broke taking a profit !
Finally GREED Kills!
Have fun and " gleam on" !
Edited by Pacificoin
02/01/2021 1:42 pm
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Canada
5585 Posts
 Posted 02/01/2021  2:20 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
If you are going to invest in silver, do it with the major mining companies. They know, down to almost the ounce, how much they are going to dump on the market the next day, the next week, or the next year and when to ramp up production. They can dump tons of it when it's high and then invest when the price drops. An individual will be weeks behind. It's just time to dump scrap that you've had for years.
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SPP-Ottawa's Avatar
Canada
10456 Posts
 Posted 02/01/2021  2:53 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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macmercury's Avatar
United States
5822 Posts
 Posted 02/01/2021  3:23 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Greed is good!

Greedy No good!!
Pillar of the Community
United States
2833 Posts
 Posted 02/01/2021  3:27 pm  Show Profile   Bookmark this reply Add coin rejector to your friends list Get a Link to this Reply
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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fistfulladirt's Avatar
United States
4333 Posts
 Posted 02/01/2021  3:42 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
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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M_d_in_guy's Avatar
Canada
1049 Posts
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