Silver getting crushed today

No, we're not talking about paper - at least I am not. We're talking about physical metal, and it moves daily. I think you're purely looking at retail and not how to leverage other sources and make money in the market.

And even if it is paper, understanding the daily flow and trends allows you to capitalize on your investment.

There's a world to learn about for you. So please take your condescending statements elsewhere until you educate yourself. Thank you

 

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On the whole, so am I -- but when an opportunity arises, like a local show where competition drives up buy prices, I'm happy to lock in some profit. There will always be more eBay Buy It Now bargains to replenish the stack.

 

Exchange traded funds are a legitimate way of investing in gold and silver and have the advantage of instant liquidity. If one chooses, they can be bought and sold the same day -- or held for the long term. The same with the mining stocks.

In short, one doesn't have to physically accumulate bullion if they want to invest in it. Piece of paper, yes. Legitimate investment, also yes.

 

Silver is back to $17.04 today. Could $17 be the new floor or will the rumor of a Fed rate Hike drive the floor down even further???

 

short term dips are good buying opportunities. Unfortunately, "retail" stackers like me don't have the "connections" to sell quickly at highspots.

 

I suspect a rate hike will cause further downward movement....probably not much. I'm just guessing, which is all anybody can do. Past performance is no guarantee of future performance. If it were, we'd all be rich.

 

I might add.... there is such a glut of oil these days that I think it is causing downward pressure on other commodities such as PMs.

 

That is an option if you trust the financial system. I've made money in the past on both double long and double short silver ETFs and on mining stocks. But I took all my money out of the financial system quite some time ago and now invest in things I consider to be more stable. I am not saying the financial world will collapse in the immediate future, but I think it will collapse some time and I have no idea when. I don't want anything in it when it does.

 

I don't believe in zombie apocalypses or a complete financial collapse in my lifetime. Physical silver is fun to have and it's pretty low risk. Keep stacking my friends!

 

its gonna drop even more... sounds like buying time!

 

I watch spot because I'm buying for the long term & 3.00 here,2.00 there saved, can really add up to a tidy sum over the course of fifteen or twenty years. I don't tear my hair out over it,but find it an entertaining distraction. I also love knowing I got a deal,deal being relative of course.

 

I'm sure I will get an argument from many here, but gold and silver trading markets are part of the financial system, like it or not.

 

Which is exactly why I don't trade gold and silver any more.

 

YAY!

What a deal!

 

Interesting weekend ... let's see what Monday does to Silver
..

 

good article about gold valuation ==> http://www.marketwatch.com/story/is...lued-depends-on-how-you-look-at-it-2017-03-13

 

This part is quite revealing, many on here would actively refute the numbers.

"Only over the very long term—many decades, if not longer—does gold do a creditable job as an inflation hedge, according to a study of gold over the past 2,000 years by Erb and Harvey. Over any period of relevance to individual investors, relating gold’s price to inflation proves profoundly unhelpful."

And contrary to the comments often heard, that silver has more inflation hedging, due to "industrial needs and usage", one can put all PM in the same basket, in my opinion of course.

That does leave the world sociopolitical issues and the 'End of Days' type scenario of course, but I will leave that for other forums.

 

(SPOILER ALERT!) Gold Rush

Completely off topic, I watched the last episode of Gold Rush last night. That kid Parker nets some ~4300 ozt this season. Just watching it all pile up is amazing!

That's almost 300 pounds avdp of gold.

What a haul!

 

Looks like silver didn't like the cold weather and is headed south ...

 

Are you like me and want to go rob them guys??? Just kidding I hope they have some good security on there Alaskan set