Silver about to pass $40/oz!

[stevesmi]

yup silver is breaking highs as is the stock market. if you had more money you could of invested in the ETF which is up 25% so far this year. you get killed with investing in silver coins.. the spreads that brokers take are massive. in the future. with an ETF you just pay a 1 time commission. you probably lose 25% alone just selling your coins to a broker.

 

[the.gladiator1987]

yup silver is breaking highs as is the stock market. if you had more money you could of invested in the ETF which is up 25% so far this year. you get killed with investing in silver coins.. the spreads that brokers take are massive. in the future. with an ETF you just pay a 1 time commission. you probably lose 25% alone just selling your coins to a broker.

Problem with an ETF is that they are not backed with physical silver, which is the whole point of getting a silver ETF...they are allowed to pay you in federal reserve notes. I would rather have the silver in my posession

Also on Ebay they are going for a good amount. I paid the exact melt value for 10 half dollars. Including shipping. Ebay is awesome because it shows what people are ACTUALLY paying for silver, not what some magazine says.

I will eventually get into ETF's once I have established a good amount of physical silver. Actually the PHYS stock is by Eric Sprott, and he actually backs his ETF's with physical silver guaranteed

 

[stevesmi]

^^ yeah i understand your concern but my point is you can get in and out quickly with ETF's and you pay way less in commissions then you would trying to sell your coins. like you could of bought the ETF on new years.. sold it here.. pocketed 25%, and then re-bought on a pullback if you believe the price will continue to appreciate.

so if you are serious about silver investing you want to look at the silver ETF's.. or even silver stocks instead of coins. plus what happens if someone steals your bags of silver? i would buy a safe atleast. i've had stuff stolen from my house by friends or friends of friends. jewelry, money, etc. people are shady like that.. your gf could have a friend stop by and she could see your coins and snag a few.. thats actually what happened to one of my X's.. she had a party with some friends, the next day her necklace was gone

 

[calveless wonder]

good shit i wasnt gonna listen anyway

we know

 

[the.gladiator1987]

^^ yeah i understand your concern but my point is you can get in and out quickly with ETF's and you pay way less in commissions then you would trying to sell your coins. like you could of bought the ETF on new years.. sold it here.. pocketed 25%, and then re-bought on a pullback if you believe the price will continue to appreciate.

so if you are serious about silver investing you want to look at the silver ETF's.. or even silver stocks instead of coins. plus what happens if someone steals your bags of silver? i would buy a safe atleast. i've had stuff stolen from my house by friends or friends of friends. jewelry, money, etc. people are shady like that.. your gf could have a friend stop by and she could see your coins and snag a few.. thats actually what happened to one of my X's.. she had a party with some friends, the next day her necklace was gone

This is a long term investment. But you are right I absolutely want to get into ETF's as shorter term investing. But right now the way I see it is that when you have the physical silver then you have nothing to worry about, except someone maybe stealing it but I will get a safe. I wont be so open about having silver to people around me either, ppl are shady as fuk.

 

[the.gladiator1987]

we know

lol jk bro i always listen to ur advice

 

[jokerswild]

Gladiator, i'm with you on $50 silver this year, anyone who hasn't been investing in precious metals is a fool. The dollar is done, toast, stick a fork in it, too much money printing, intrest rates have been too low for too long, masssive inflation is happening right now as we speak. The GSR has been falling steadily and now sits around 37:1, it will keep falling and silver will keep going up. My advice to you is don't buy paper silver, that BS about taking a 25% hit through a broker is BS, you can sell physical silver to my deal right now for less than 5% under spot, paper silver is worthless as there is not enough pysical silver in the world to back it up. What ever you do, hold your position, if you can buy more great.....

 

[nangiggles]

Gladiator, i'm with you on $50 silver this year, anyone who hasn't been investing in precious metals is a fool. The dollar is done, toast, stick a fork in it, too much money printing, intrest rates have been too low for too long, masssive inflation is happening right now as we speak. The GSR has been falling steadily and now sits around 37:1, it will keep falling and silver will keep going up. My advice to you is don't buy paper silver, that BS about taking a 25% hit through a broker is BS, you can sell physical silver to my deal right now for less than 5% under spot, paper silver is worthless as there is not enough pysical silver in the world to back it up. What ever you do, hold your position, if you can buy more great.....

you do realize money doesnt just get printed and printed and printed just like monopoly money....

 

[SPEKTOR-AAA]

you do realize money doesnt just get printed and printed and printed just like monopoly money....

no entirely trooo

....we have those select few

 

[jokerswild]

you do realize money doesnt just get printed and printed and printed just like monopoly money....

Wow, you need to do a little research before you speak on a subject you know nothing about, start with researching Quantitaitve Easing...........