Lately I got some insight on how it feels to participate in the bubble, having shorted the 99-01 tech bubble as a minor in an account mom set up for me, rented throughout the RE bubble, and sat out the current stock bubble.
Every time I buy more physical gold and silver, the next day it is worth far more than I paid for it. The mental sensation of overcoming reluctance to spend money is almost immediately rewarded with more money!
Buy at 23, a 7-year high? Maybe just 20oz, I’ve always wanted a full roll of random Morgan dollars. Three days later, each one is worth 20% more than I paid. Further, the breakdown in physical markets has led to both panic buying at high premiums and panic selling at low premiums. The arbitrage really isn’t a good use of my time, but it is fun to “win.”
Silver has anothing two things going for it similar to bitcoin: easier to buy than sell. Second, it has a near 24-hour markets. The only time silver isn’t actively trading with online COMEX quotes is late Friday (afterhours US trading ends) to midday Sunday (Monday Asian trading opens), otherwise it is a 24-hour market.
Decided to take money off the table the easy way by shorting a small amount of SLV rather than sell physical. Looked into selling calls, but call premiums on SLV are weirdly small, I almost want to buy some calls now.
