Silver

[Coronita]

[quote=The-Shoveler]So Silver down big (probably more than the S&P500)

I am nibbling a little here on SLV shares

IMO probably margin call selling but maybe I am wrong.

Thoughts?[/quote]

Gold > platinum > silver.

[gzz]

I think it is prudent to have 0.5-1% of your net worth in physical gold and silver. That’s far less than goldbugs suggest, but more than 90% of investors.

Between the two, silver seems to have better fundamentals: more industrial use, harder to recover and recycle, lower stockpiles, ratio to gold way out of historical norms.

SLV is nice to trade in and out. The management fee however is too high for a 5+ year investment timeframe, and physical is better.

Silver is an odd market because most silver is not mined directly, but a byproduct of gold and zinc mining. Mines focused on silver just can’t be opened as long as it is below 20, though existing mines can operate.

The upshot is that demand for silver is slowly rising and mining of it slowly declining. Doesn’t mean it can’t go down, but the large number of investors and long-term industrial users provide a sort of floor.

[Coronita]

I like gold because of only one reason. It looks cool! Bling bling.

[The-Shoveler]

[quote=The-Shoveler]So Silver down big (probably more than the S&P500)

I am nibbling a little here on SLV shares

IMO probably margin call selling but maybe I am wrong.

Thoughts?[/quote]

Well my SLV (bought at 13 and 11) seems to have done better than the S&P-500 or Gold in this rally,

Got a trailing stop on it so I get out at least 30% gain.

[scaredyclassic]

[quote=The-Shoveler][quote=The-Shoveler]So Silver down big (probably more than the S&P500)

I am nibbling a little here on SLV shares

IMO probably margin call selling but maybe I am wrong.

Thoughts?[/quote]

Well my SLV (bought at 13 and 11) seems to have done better than the S&P-500 or Gold in this rally,

Got a trailing stop on it so I get out at least 30% gain.[/quote]

Well done.

Hard to buy when dropping like a rock

[Coronita]

[quote=The-Shoveler][quote=The-Shoveler]So Silver down big (probably more than the S&P500)

I am nibbling a little here on SLV shares

IMO probably margin call selling but maybe I am wrong.

Thoughts?[/quote]

Well my SLV (bought at 13 and 11) seems to have done better than the S&P-500 or Gold in this rally,

Got a trailing stop on it so I get out at least 30% gain.[/quote]

Yeah. Happy to hear. Good job. Gold and silver both doing ok

[scaredyclassic]

This rally will die at $20.44 .

But it will be $50 within 3 years.

[Coronita]

Glad you’re doing well during the covid periods,Shoveler as I’m sure some other folks are as well. I’m sure some of us will emerge from this financially stronger than initially. Especially with some asset prices on the cheap.

I’ve been using silver coins from apmex as gift/stocking stuffers for nieces and nephews whose parents insist on not bringing a toy gift. Besides them already having enough toys and not needing any more, they insisted on not spending $25-40 for useless plastic crap made in China that ends up at Goodwill or in the landfill. So instead I give them 2 silver coins each time, and hopefully in a few years, it’s worth more than I bought them at. Plus they look cool

[img_assist|nid=27093|title=|desc=|link=node|align=left|width=400|height=300]

[The-Shoveler]

Cool, nice gift for kids as long as they don’t lose them.

We have a little physical silver (wife uses a little to put in drinking water etc..).

Too much hassle for me to have very much physical stuff, SLV as a trading vehicle when it gets too over sold like IMO it was at 13 or so is worth considering IMO.

I thought of it as a S&P substitute in the above case with maybe a little panic kicker possible.

[Coronita]

The way I look at it is, s typical toy costs around $30-40. For most toys, it will be used at most 2-3 years before the kid(s) get tired of it. So after a year, it’s either $30-40 in the trash or to goodwill.

Even if the kid or kids parent loses the silver coins, he/she is in no worse shape than gifting a toy that ends up in the dumpster.

Canadian mint actually comes up with some pretty interesting silver coin designs. Granted it costs a lot more than the silver that’s actually in them, but they do different themes.

https://www.mint.ca/store/template/home.jsp

[Author]

Posts