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re: Anyone buying SLV?
Posted on 5/9/14 at 7:30 pm to LSURussian
Posted on 5/9/14 at 7:30 pm to LSURussian
Same question. Why is silver priced so low when physical sales are at "record" highs. Sounds like everything you know is wrong. Kinda like stocks rising over the last couple years on bad economic news because that was a signal for the fed to keep the spigot open. Strange days, but what's new?
1
Posted on 5/9/14 at 8:43 pm to ynlvr
One guys take. One guy that manages some sort of fund.
The physical silver demand for investment has always been strong, and that seems to change nothing. Having said that, it is about as inexpensive to take physical possession as it has ever been, and my experience is when the price is this low, the spread is usually much higher.
The disconnect for me is industrial demand, and the low interest rate environment not propping up prices more.
I don't believe $19 silver is sustainable, but I also doubt we're going to see a run to $50 any time soon.
So what it means to me is to buy as much silver at this price level as possible. Because it isn't the popular thing to do given the futures prices, and because I do ok when I do the exact opposite as almost everyone else.
The physical silver demand for investment has always been strong, and that seems to change nothing. Having said that, it is about as inexpensive to take physical possession as it has ever been, and my experience is when the price is this low, the spread is usually much higher.
The disconnect for me is industrial demand, and the low interest rate environment not propping up prices more.
I don't believe $19 silver is sustainable, but I also doubt we're going to see a run to $50 any time soon.
So what it means to me is to buy as much silver at this price level as possible. Because it isn't the popular thing to do given the futures prices, and because I do ok when I do the exact opposite as almost everyone else.
This post was edited on 5/9/14 at 8:49 pm
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