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.
This is all Reddit driven.
I sold my silver years about 10 years ago when it was at $45
Imagine that. Who’da thunk metals would go up during a pandemic and a stolen election?
Silver is not going up or down. One ounce of silver is the same in 2021 as it was in 1821.
It’s one ounce of silver.
What has changed is the value of the dollar.
In 1821 a dollar could buy you one ounce of silver.
In 2021 it takes twenty five dollars to buy an ounce of silver.
The relative price of silver will only increase because the supply of silver will not markedly increase while the supply of dollars has skyrocketed.
Supply & demand in action.
Normally I recommend people buy silver or gold as hedges for a portion of their wealth and I strongly advise against thinking of these things as investments.
With some eight trillion dollars added to the currency supply in the past year I’m reconsidering my views and think it’s time to see silver and gold as investments AND hedges against inevitable inflation.
Silver’s job as a “store of value” has been pathetic for 35 years.
When tax returns or company bonuses were good, I'd add 90% silver old coins (quarters, halves) into the hoard, just for good measure. Seen it high, and seen it low, but never sold any. I learned on the old adage that silver never really lost value. A value of a silver dime could buy a gallon of gas in the early 1900's, and the same is true now.
Be sure to get a mix, as it's hard to divide a 1 oz. silver dollar (make change) for barter...
Yup. I’ve been watching for it.
If they can push it up to my sell price, I’m gonna be unloading several pounds, and then rebuy on the downside.
Our national economy is going to collapse. I strongly recommend that FReepers buy silver. That is all.
Old silver items can still be found for sale at places like Salvation Army thrift stores.
Nobody wants them anymore.
Personally, I’m more interested in brass and lead.
It will have great barter value, if nothing else.
A short silver squeeze is possible indeed.
Check the video below for a few current and historical reasons why a silver short squeeze in all layers of the derivative and physical precious metals complex is possibly upcoming.
https://www.zerohedge.com/news/2021-01-30/silver-short-squeeze-possible