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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="desertgem, post: 1046492, member: 15199"]I know many don't like to use the ETF stock funds such as SLV, as they felt it was basically paper rather than the hard stuff, and the thinking at that time was physical for difficult times ahead, and perhaps it still is, who knows, but when the price of silver tends to oscillate, if you have a brokerage account why not nibble off a little with SLV options. Since the big peak on the 8th, the price of SLV has gone from 26.00 to 26.50 or better 7 times. If a person bought at the money options at 26, and sold at 26.50, they would make approximately 5o cents a share or $50 a call contract. So if one had 10 calls, representing 1000 shares of SLV. , they would make $500 a trip. Of course history is not a reliable predictor of the future, so use due diligence. My opinion is that silver is going up, but not at a vertical ascent. Just another method of balancing bullion investing.</p><p>IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1046492, member: 15199"]I know many don't like to use the ETF stock funds such as SLV, as they felt it was basically paper rather than the hard stuff, and the thinking at that time was physical for difficult times ahead, and perhaps it still is, who knows, but when the price of silver tends to oscillate, if you have a brokerage account why not nibble off a little with SLV options. Since the big peak on the 8th, the price of SLV has gone from 26.00 to 26.50 or better 7 times. If a person bought at the money options at 26, and sold at 26.50, they would make approximately 5o cents a share or $50 a call contract. So if one had 10 calls, representing 1000 shares of SLV. , they would make $500 a trip. Of course history is not a reliable predictor of the future, so use due diligence. My opinion is that silver is going up, but not at a vertical ascent. Just another method of balancing bullion investing. IMO. Jim[/QUOTE]
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