Is silver a foolish buy right now?

Spot price can drop all it wants , ASE physical price is set at $32 bucks.

 

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Man I like your style.

 

There was a time not long ago where silver was a marginally good working-class Joe-six pack long term play, buy, hold and hoard...maybe a decent return on slumps IF you decided to sell at all. But times have changed: silver is not rare just like diamonds aren't rare...it's all hype "and echoes with the sound of salesmen" and silver has become an even more abundant metal for the Green revolution. Emotional fever for purchasing silver in a forecast cratering economy and internal political unrest have in part, IMHO, led to the diarrhea-like increase in premiums with dealers making out like bandits. Silver price dives yet the cost to buyer stays the same...AND INCREASES leading me to the conclusion silver is a losers game. I cashed-in my decades-worth hoard of pre-premium silver at the last high-value point Spring 2021. I framed a copy of the check and invoice. It's been gold ever since. The premiums even on fractional traditionally higher-premium gold are LOWER than that of silver ounce per ounce. And since gold is considered the ultimate MONEY and store of value It's about time I updated my signature. Buy gold, gold key date mintages, silver key date mintages.

 

Count me in the loser game, I have never ever thought Silver was rare. If Silver keeps a dropping, I won't be taking any Pepto-bismol.

 

Agreed. With 30-40 million business strike ASE mintages in each of these years 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 & 2020, scarcity is not even a reality.

This current retail pricing is purely hype and speculation.

 

And it would be great to put that cushion into something that's guaranteed to grow in value and can't possibly lose value, but silver and gold and stocks ain't it. Short-term, nothing is.

 

Remember this, one of the most important things about investing is, you can’t buy at the low and you can’t sell at its high. If you try, you’ll be a sure loser.

 

Absolutely agree with regard to the silver and gold in your explanation. However, not all stocks are created equal. Dividend paying stocks, of which there are many, will help to offset and sometimes cancel out any losses. At this time in the market there are some great dividend stock plays. With prices down, yields are up. Some of these great plays are dividend aristocrats and dividend kings.

 

Oh, I did. Once. And I remember that time more distinctly than any of the times I failed.

For that matter, I once won $2 on a $1 lottery ticket. I remember that one, not the half-dozen or so others that were losers.

 

That's why I added short-term.

In the short term, even my all-time best performers are down right now from their highs, by amounts that dividends barely make a dent in. They'll come back up. Enough of them, anyhow. Eventually.

I've bought a few of the big plays that are on sale right now. I should probably buy a few more.

 

Still a scary market to buy, but I've picked up some dips I've been following for a long time. Not easy to do in this environment. Hopefully we'll see a recovery after the midterms.

 

I’m only afraid it will get worse.

 

And that's part of the beauty of dividend paying stocks in a declining market. The dividends, hopefully, continue and with a DRIP set up you'll be reinvesting the dividends in less expensive shares. Hence your dollar cost average is buying new shares at lower prices without you having to monitor the purchases.

Besides that, I did say 'hopefully' the market returns after the midterms. I'm not all in on that theory though. Just hoping.

 

It is a quite a mess and the dollar is gaining strength in the process.

 

You dont want it gaining strength. If anything its better if it rolls back a bit at this point

 

Time for a dumb question. If that's the case, then will PM's follow it down. So does this have anything with the feds as they nudge interest rate up some more. So, it slows down the borrowing of money on homes autos ect... or ? National debt how much you think they pay that down they spend more than they make that sounds like a wife..