Silver Is On A Tear Today

Were you expecting some big-enough-to-make-the-news institutions to be caught short?

 

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I've never played currency options. I've got to figure (assume) premiums on long term puts are extremely steep. What time frame are you speaking of? Is there even a quoted market for that available to retail investors? I'm curious.

 

Hey yall, Ive saw the prices shoot up today and it made think about the little stack I got going on, well, that was and still is. The little stack is mainly pre 1800 silver coins that was given me from a couple of Cointalk members given to me years ago, after 2020. Even though the starter collection of pre 1800 coins was meant to start my collection, I aint really added some water and fertilizer to my collection, so it just stayed put all these years. Since silver shot up, is there anyway to grow my silver stack without spending too much, and maybe my pre 1800 collection aswell?

 

My bad, I meant to type post 1800 instead of pre 1800. The dates range from 1880 to 1964

 

Welcome to CT.

 

I haven't explored it but I will since I brought it up. I'm sure there are ways to play it.

You can always short DX, though I'm not a fan of shorting in general. Or just go long a stock or bond mutual fund (they even have currency ETFs and MFs) that invests in overseas assets and doesn't hedge.

 

Well, if you listen to some of the Gold & Silver Bugs who are into conspiracies, then what happened to these huge, "illegal" mega-short positions that they are always accusing the banks and others of having ?

Where are the bodies ?

I haven't seen or heard of any. My guess is...anybody long or short who saw the price move against them is either a SWF, a CB, a billionaire, or someone else who (without leverage involved) can withstand the losses, if they happened.