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Message
re: Physical silver
Posted on 12/4/14 at 1:52 pm to southernelite
Posted on 12/4/14 at 1:52 pm to southernelite
quote:
I have a friend who holds nothing but physical silver. I just don't know if that's the best move long turn, but he swears it'll work out. He goes and buys coins every time he gets paid.
Hope he gets lucky and only needs to cash out at a high
0
Posted on 12/4/14 at 1:56 pm to cave canem
quote:
It's not that they are great investments in and of themselves just more a hedge against catastrophe. For example I lost nothing in 2009 because I did not sell any stocks, I did gain by selling metals bought for lets say a 10$ average for 45$ average. When you realize a profit or loss can only occur when a transaction actually takes place it becomes clearer. Metals traditionally act in inverse to the stock market and having something available to liquidate at a high to avoid a loss in a different part of your portfolio is a good thing. I would never recommend anyone get too metal heavy in their holdings. IMHO
I understand buying it in the run-up to 2008/09 before things got shitty, but holding it during bill markets missed out on tons of gains
Posted on 12/4/14 at 2:07 pm to Thib-a-doe Tiger
quote:
I understand buying it in the run-up to 2008/09 before things got shitty, but holding it during bill markets missed out on tons of gains
If I thought I could accurately predict market swings I would wait and buy just before it happened but I am not that smart. So I pick it up as I go along. Again not advocating a large metals % in a portfolio just enough that it is there if it is needed. JMHO
Posted on 2/4/15 at 12:42 pm to cave canem
quote:
So I pick it up as I go along.
Good price today so I just sent in an order for twenty of these:
Posted on 2/5/15 at 1:43 pm to DawgSmoke
quote:
Good price today so I just sent in an order for twenty of these:
Posted on 2/5/15 at 9:26 pm to cave canem
quote:
It's not that they are great investments in and of themselves just more a hedge against catastrophe. For example I lost nothing in 2009 because I did not sell any stocks,
Uhh how did that hedge work out for gold bugs through the eighties and nineties when the dollar was strong? I remember $3 silver not too long ago.
Look gold and silver are commodities. They are gambles. Physical gold and silver is really a big gamble. It cost to store it--do you hide it in your underwear draw?? Who wants $100k in silver in their house? Commissions to buy it and sell it are high. Most people do not have it insured against lost.
Posted on 2/5/15 at 11:37 pm to I B Freeman
quote:
Uhh how did that hedge work out for gold bugs through the eighties and nineties when the dollar was strong?
Why in the name of Christ would anyone want to sell on a strong dollar or late 80's or 90's type economy? Just like stocks a profit or loss is not realized until a sell is made.
quote:
I remember $3 silver not too long ago.
horseshite, but even if true would you not have liked to buy some then.
quote:
Look gold and silver are commodities. They are gambles. Physical gold and silver is really a big gamble
So is a share of Microsoft WTF?
quote:
It cost to store it--do you hide it in your underwear draw?? Who wants $100k in silver in their house?
You do realize a few shoeboxes would hold that amount of silver right? I mean it's not like it takes up much room.
quote:
Most people do not have it insured against lost.
Again WTF
I would not recommend silver for a person who would have be liquidating his position do to need. For a buy and hold position to be sold at the right time metals excel. For the same reason I typed above silver can be an important part of a portfolio and is the reason almost every sovereign wealth fund and central bank on the planet holds some. Most reputable advisers will advise a small percentage for the same reason.
Posted on 2/6/15 at 8:05 am to cave canem
quote:
Why in the name of Christ would anyone want to sell on a strong dollar or late 80's or 90's type economy? Just like stocks a profit or loss is not realized until a sell is made.
Why would they hold?
You could buy silver for $3.78 in 1993 and it is worth $17.08 today spot. That is a whopping 7.10% return.
quote:
Look gold and silver are commodities. They are gambles. Physical gold and silver is really a big gamble
So is a share of Microsoft WTF?
Wrong. MSFT is a company that creates assets---creates wealth--creates streams of income. Own it and you own a piece of a wealth creating enterprise. Silver sits in your sock draw and does nothing for you.
quote:
You do realize a few shoeboxes would hold that amount of silver right? I mean it's not like it takes up much room.
Who wants to have to guard a house with something as valuable and as easy to transport and liquidate as silver bullion or coinage in it?
This post was edited on 2/6/15 at 8:44 am
Posted on 2/6/15 at 8:06 am to cave canem
As a percentage my silver cost basis and time in has performed very, very, well.
Anyway, if you don't think it is a good investment, don't buy it.
Anyway, if you don't think it is a good investment, don't buy it.
This post was edited on 2/6/15 at 8:07 am
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