Silver Slo Pokin' Nicely!

Discussion in 'Bullion Investing' started by fretboard, Aug 5, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    Here's a video from an older coot on silver and gold information but mostly silver! And no, I don't believe everything I hear on these videos but I find them entertaining none the less! :D I've been thinking of buying silver but I'm not gonna as I have as much as I want and I'll stick to gold! Anyone of you's been to the LCS to buy silver?? :happy:

     
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  3. longnine009

    longnine009 Most Exalted Excellency

    The opportunity cost of holding metals is falling by the minute. The 10 year treasury yield was 1.88% in Jan. Right now it's 0.55%.
     
    GoldFinger1969 likes this.
  4. rte

    rte Well-Known Member

    Drove by the local G&S store today, but didn't stop in.
    Am wondering if people are unloading their unusual silver bars though?
    Might have to stick my head in the door later in the week.
    Might even do it on the way home today and be a lookie lou....better leave the money at home.
     
    fretboard likes this.
  5. slackaction1

    slackaction1 Supporter! Supporter

    Have not bought any Silver since 20.00 will hurt my cost averaging buying at this time for me any ways. This is exciting watching this Silver and gold......now when to bail...
     
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  6. NumisNinja

    NumisNinja Active Member

    Precious metals aren't stocks guys. Yes, it has a dynamic fluctuating price but other than that its not the same. Your gold can't file chapter 11. Also, its not even really an investment vehicle. Its a safe deposit box. Its where you put money so deflation can't destroy it. Silver is slightly different but mostly the same, as it is more disposable than gold due to industrial uses. It really makes you rethink things when you realize that your gold position has reached its maximum value when it is worth $0 US dollars. Gold is the only money and measure of value when inflation destroys fiat currency.
     
  7. fretboard

    fretboard Defender of Old Coinage!

    Exactly, in my case it's my savings account! thumbupp.gif
     
  8. longnine009

    longnine009 Most Exalted Excellency

    Yeah and Jaybird at the Zombie Fulfillment Center won't make us feel like investing genuises with "accommodative policies."
     
    Last edited: Aug 6, 2020
  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    If silver is going to $40/oz, who cares about "average cost" -- you still make money at these levels. :D
     
  10. -jeffB

    -jeffB Greshams LEO Supporter

    Nor can it pay dividends, or post earnings, or offer to buy itself back at a higher price than you paid.
     
    GoldFinger1969 likes this.
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