Posted on 01/29/2021 10:56:24 AM PST by amorphous
Most investors who focus on precious metals and commodities know that gold had a great year in 2020, up 24.6%. However, not as many know that silver did even better! Silver was up 47.4% in 2020, rising from $17.80 per ounce on January 2, 2020, to $26.35 per ounce on December 31, 2020.
Silver didn’t just outperform gold in 2020; it also outperformed every other major asset class, including U.S. small cap stocks (up 18.5%), U.S. stocks (up 15.5%), U.S. corporate bonds (up 9.7%) and U.S. Treasuries (up 3.6%). Many other asset classes declined in price in 2020, including commodities, the U.S. dollar, real estate and crude oil.
Silver backed off a little in early 2021 (it’s now trading around $25.25 per ounce), but it has held onto almost all of its 2020 gains. Of course, the question for investors is: Where do we go from here?
(Excerpt) Read more at dailyreckoning.com ...
Great news! I can’t wait to buy more shares cheaper.
Only if you sell.
I have a small 401K from a place I worked only a few years. Since I’m sixty, I was thinking about cashing it out and buying silver 1oz bars. If I do, I want the physical bars and not a paper certificate.
There are several places in my city to buy silver bars if you give them advance notice but I am leery of being cheated.
I’m thinking of buying 500 ounces.
Any advice?
Yep. Both of my silver ETFs are up 100+% during the period Jan20 to Jan21.
Either that or 90% "junk silver coins".
Not advice, just what I would/have done in the past. :)
1. Know the spot price of silver when you buy.
2. Expect to pay a few dollars more per ounce than the spot price.
This is all Reddit driven.
3. Make sure you are buying .999 pure silver.
I sold my silver years about 10 years ago when it was at $45
These short raiders have really shaken things up with the markets. It’s a “gray swan” for now...maybe changing to white or black, later. Dunno...
There are very trusted dealers with whom I work who can get prices better than through the online sites. I would be more than happy to point you in the right direction if you’re interested.
Wish I had... lol I’ve rode out both spikes to $50!
Investing in 90% silver half dollars or rolls of quarters 1964 or prior is a great idea. Also has value as currency if silver tanks.
Don’t trust the silver bars would buy Gold and Silver Eagles instead.
.90 constitutional/junk silver is absolutely appropriate to hold as well. Stay away from the high numismatic value stuff in my opinion - Unless you’re more of a collector than a stacker.
I buy silver from JM Bullion.
They are reputable, they are easy to deal with, and they have bought stuff from me as well.
My guess is they are going to be cheaper to buy from—and better to sell to than your local coin dealer.
The flip side is that your local coin dealer is local. If you think the S if going to HTF, then you might want to stick with someone who knows your face.
In the end if it gets that bad, they won’t be looking at your face...They will be looking at what is in your hand.
I agree with that. I thought the poster I was responding to was interested in silver bars. That is what I was responding to.
Perfect Storm for Gold Silver Ratio Collapse Upon Us
https://www.zerohedge.com/news/2021-01-29/perfect-storm-gold-silver-ratio-collapse-upon-us
Combine this with what is happening with stock shorts and plans of those involved with the above to move to silver, and yes, it may be the perfect storm to send silver prices much higher.
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