Guys, there are a ton of short positions on silver put on by the banks. The price is being manipulated. They cant keep that up forever. Consider it on sale! The longer they keep it artificially down, the longer you can stack! I hope they keep crushing the price for at least a few more years.
With the potential of government curruncies collapsing the real money (gold & silver) only grows. But with silver being more common, it's likely it will be used as currency and will make the value blow up.
The argument that silver has potential to rise in price is good. Lots of retail silver stackers are selling silver now. Some dealers are reporting mostly selling by clients. Not much buying. Buying silver now is a highly speculative move. No one can accurately predict next years price movement. I am hopeful that silver rises. I am trying not to be too negative but silver has let us down for a long time since 2011. Merry Xmas.
I bought IBIT in Jan, it's up 120% YTD. Don't get me wrong silver was a good run as my SLV ETF position is up over 40% but there are better places to put your money.
Which is why you only diversify a smaller portion of your portfolio into metals. Anyone hoping to retire solely on metals is making a huge, risky wager on their future.
There is little gains made with silver when u add into your equation the premiums. Bullion dealers will only pay melt or below spot for silver so the premium u pay wipes out most of your gains. Silver hasn’t done anything until it gets above $50.
You're right that gold typically has lower premiums but it's not uncommon for us to run sales on silver that brings the premium to $0.99 - $1.99 per ounce. We've had a few silver at spot deals within the last sixty days as well. Look out for those types of offers because at current spot prices that puts silver premiums between 3% and 6.5%, very comparable to gold. Thanks for joining us in the comments and contributing your insight!
POSSIBILITY OF A GOLD BACKED TREASURY ISSUE ????? MMMM IF GOLD BACKED TREASURY, WHY NOT A SILVER BACKED ONE TOO ???? REMEMBER BEFORE THE FEDERAL RESERVE WAS CREATED, THE USA CURRENCY WAS CONVERTIBLE TO GOLD AND SILVER BY THE NOTES CALLED CERTIFICATES. WHY NOT DO IT AGAIN ????
If geopolitic tensions suddenly turn off Gold prices will fall. Same case if the highly inflationary policies of the strongest economies of the world suddenly stop. I don‘t see both stopping.
I bought silver at $32 In 2020 its still $32 in 2024. Gold was $1850 in 2020 and now $2650
I bought silver at an average of 25 since 2022. Gotta buy dips not highs
Long term = Gold, Speculation = Silver.
I bought silver in 2020. 23.00 and ounce.
2022. A low of 17.10.
I hope you continued to buy at all prices since your 1st purchase (DCA) and now have a tall stack of both Au and Ag!!!
cycles
Guys, there are a ton of short positions on silver put on by the banks. The price is being manipulated. They cant keep that up forever. Consider it on sale! The longer they keep it artificially down, the longer you can stack! I hope they keep crushing the price for at least a few more years.
I know the premiums will outshine.
Im buying every dip until dow to gold ratio is at adequate levels
With the potential of government curruncies collapsing the real money (gold & silver) only grows. But with silver being more common, it's likely it will be used as currency and will make the value blow up.
The argument that silver has potential to rise in price is good. Lots of retail silver stackers are selling silver now. Some dealers are reporting mostly selling by clients. Not much buying. Buying silver now is a highly speculative move. No one can accurately predict next years price movement. I am hopeful that silver rises. I am trying not to be too negative but silver has let us down for a long time since 2011. Merry Xmas.
When everyone is selling, buy! When everyone is buying, sell!
I bought IBIT in Jan, it's up 120% YTD. Don't get me wrong silver was a good run as my SLV ETF position is up over 40% but there are better places to put your money.
You should be buying physical silver not SLV. That's so dumb to give money to the manipulators. You cut your own nose to spite your face.
Which is why you only diversify a smaller portion of your portfolio into metals. Anyone hoping to retire solely on metals is making a huge, risky wager on their future.
There is little gains made with silver when u add into your equation the premiums. Bullion dealers will only pay melt or below spot for silver so the premium u pay wipes out most of your gains. Silver hasn’t done anything until it gets above $50.
Silver is up 30 percent this year......
Splendid. I might buy an ounce. Oddly tho- there wont be enough if 8 bn people buy just one ounce.
Silver has much higher premiums compared to gold, by percentage. That greatly negates silver’s superior performance vs.gold.
You're right that gold typically has lower premiums but it's not uncommon for us to run sales on silver that brings the premium to $0.99 - $1.99 per ounce. We've had a few silver at spot deals within the last sixty days as well. Look out for those types of offers because at current spot prices that puts silver premiums between 3% and 6.5%, very comparable to gold. Thanks for joining us in the comments and contributing your insight!
Silver will be more than gold.
the bible.
POSSIBILITY OF A GOLD BACKED TREASURY ISSUE ????? MMMM IF GOLD BACKED TREASURY, WHY NOT A SILVER BACKED ONE TOO ???? REMEMBER BEFORE THE FEDERAL RESERVE WAS CREATED, THE USA CURRENCY WAS CONVERTIBLE TO GOLD AND SILVER BY THE NOTES CALLED CERTIFICATES. WHY NOT DO IT AGAIN ????
Day 24 of begging APMEX to make 1/2 gram square silver and gold coins.
Silver gonna go up supposedly so everybody go buy all you can so nothing will happen
⤵〽
If... .then.
If.....then.
Etc.
APMEX got a plan to tokenize silver?
Tokenizing any of it means you don't hold it they do.
Lol don’t hold your breath.
Buy and hold silver. I started in 2014 when silver was around 14 dollars.
If geopolitic tensions suddenly turn off Gold prices will fall. Same case if the highly inflationary policies of the strongest economies of the world suddenly stop. I don‘t see both stopping.
Unfortunately it seems inflation will be "higher for longer" heading into 2025.