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Physical silver as an investment and physical vs digital
Posted on 6/6/21 at 10:35 am
Posted on 6/6/21 at 10:35 am
25% of USD was printed in 2020. Inflation is over 4% and imo this is not “temporary” as it is being advertised.
Do you think now is the time put a fraction of your net worth into physical silver? Premiums are sometimes 20% over spot price and people are buying it more than ever at that premium. Seems to be a lower supply, higher demand BUT the prices have not went up yet (rather the premiums keep going up and people are paying that price to buy)
Is this just due to fear of the US dollars buying power, or can we see the price of physical silver skyrocket in the upcoming years as it is bought and held as a deflationary asset?
Will the increased need for silver in industry for Solar Power, EVs, and the Green New Deal push the prices higher?
What is the Money Talk consensus on physical silver as an investment and what are the advantages of buying it over silver ETFs?
Do you think now is the time put a fraction of your net worth into physical silver? Premiums are sometimes 20% over spot price and people are buying it more than ever at that premium. Seems to be a lower supply, higher demand BUT the prices have not went up yet (rather the premiums keep going up and people are paying that price to buy)
Is this just due to fear of the US dollars buying power, or can we see the price of physical silver skyrocket in the upcoming years as it is bought and held as a deflationary asset?
Will the increased need for silver in industry for Solar Power, EVs, and the Green New Deal push the prices higher?
What is the Money Talk consensus on physical silver as an investment and what are the advantages of buying it over silver ETFs?
This post was edited on 6/6/21 at 10:38 am
9
Posted on 6/6/21 at 11:32 am to tigersint
Silver and Gold bugs will always tell you physical is better than paper. The two big problems are that physical silver takes up a bunch of space compared to gold and also performance of the investment over the past 20 years sucks compared to other things like stocks. I have a little of both but I wouldn’t only use it as a hedge against inflation. Stay diverse including cryptocurrencies.
Posted on 6/6/21 at 5:24 pm to tigersint
Especially because of the increasing industrial need for silver there is a good argument for it as a reliable investment or reservoir for wealth.
But how do you efficiently and safely store a large enough amount to accomplish this?
But how do you efficiently and safely store a large enough amount to accomplish this?
Posted on 6/6/21 at 7:58 pm to molsusports
Physical metals are insurance against government mismanagement of fiat currency. And there can be no doubt whatsoever that US citizens are experiencing this from our government.
There is no substitute for hard assets during time of crisis, not even crypto, .... and it has been that way since the beginning of commerce. Crypto serves a different purpose altogether, no less valuable in the minds of those that trade it.
There is no substitute for hard assets during time of crisis, not even crypto, .... and it has been that way since the beginning of commerce. Crypto serves a different purpose altogether, no less valuable in the minds of those that trade it.
This post was edited on 6/6/21 at 8:02 pm
Posted on 6/6/21 at 8:03 pm to cadillacattack
Nothing makes gold or any other physical metal useful as monetary value.
Posted on 6/6/21 at 8:04 pm to tigersint
Buy lead
Posted on 6/6/21 at 8:11 pm to lynxcat
quote:
Nothing makes gold or any other physical metal useful as monetary value.
Posted on 6/6/21 at 8:42 pm to tigersint
I see no harm in buying a defined quantity of physical silver as a SHTF hedge, but the premiums charged by some agencies seems...artificial?
Gold is harder to gauge but silver is used enough in industrial contexts that if you don’t see spot prices trending upward to follow the premiums in at least at lagging trend...then you are wasting money.
No harm in biting that bullet if you want the flexibility in a total financial meltdown(to an extent). But in terms of wealth diversification of a meaningful amount of assets? An etf that maintains physical inventory of silver to match share issues is the way to go.
Personally( and I know I will trigger folks here) my precious metal exposure is split 4 ways: the direct asset etf with silver and gold, and a leveraged etf that sells month to month options at a point above spot price, allowing for income and growth in what would otherwise be a static value investment.
Gold is harder to gauge but silver is used enough in industrial contexts that if you don’t see spot prices trending upward to follow the premiums in at least at lagging trend...then you are wasting money.
No harm in biting that bullet if you want the flexibility in a total financial meltdown(to an extent). But in terms of wealth diversification of a meaningful amount of assets? An etf that maintains physical inventory of silver to match share issues is the way to go.
Personally( and I know I will trigger folks here) my precious metal exposure is split 4 ways: the direct asset etf with silver and gold, and a leveraged etf that sells month to month options at a point above spot price, allowing for income and growth in what would otherwise be a static value investment.
Posted on 6/6/21 at 9:05 pm to Volvagia
Not a bad plan, Volvagia .....
PSLV and PHYS are two good funds I own for similar reasons, and they are 100% backed by physical. Currently they avoid high premiums caused by physical shortages among dealers (created by exceptional demand). They also allow for easy transaction for those playing the GSR swap strategy.
Which leveraged etf fund do you prefer?
PSLV and PHYS are two good funds I own for similar reasons, and they are 100% backed by physical. Currently they avoid high premiums caused by physical shortages among dealers (created by exceptional demand). They also allow for easy transaction for those playing the GSR swap strategy.
Which leveraged etf fund do you prefer?
This post was edited on 6/6/21 at 9:18 pm
Posted on 6/6/21 at 9:23 pm to tigersint
are you guys still doing a silver squeeze 
Posted on 6/6/21 at 9:36 pm to cadillacattack
SLVO and GLDI.
Because both do covered calls, SLVO has lost NAV with the steady increase of silver prices the past few years , but if you reinvest dividends you would have still seen a net gain even accounting for inflation.
As long as precious metals don’t spike over a long period of time, both should deal respectable gains vs bonds after inflation.
Because both do covered calls, SLVO has lost NAV with the steady increase of silver prices the past few years , but if you reinvest dividends you would have still seen a net gain even accounting for inflation.
As long as precious metals don’t spike over a long period of time, both should deal respectable gains vs bonds after inflation.
This post was edited on 6/6/21 at 9:40 pm
Posted on 6/6/21 at 9:59 pm to rocket31
quote:
are you guys still doing a silver squeeze
There’s virtually no possibility that retail investors can squeeze Silver ...... nearly impossible,
This post was edited on 6/6/21 at 10:02 pm
Posted on 6/6/21 at 10:17 pm to cadillacattack
I think that’s why the laughing emote.
That being said, I lost a grand on silver futures just in case it “went to da moon”
That being said, I lost a grand on silver futures just in case it “went to da moon”
Posted on 6/6/21 at 10:58 pm to tigersint
Premiums are outrageous on physical right now, unless you absolutely want to hold it physically for SHTF reasons (and I don’t blame you) I would look at PSLV or PHYS for PM exposure. There is also Kinesis which is a new class of crypto (asset backed digital currency) that is 1:1 physically backed silver or gold. You can buy silver and gold on their exchange which they hold on their vaults and if you hold enough (100 ozs silver/100 grams of gold) you can physically redeem if you want for premiums way below what bullion shops are charging.
Posted on 6/7/21 at 9:11 am to FredsGotSlacks
I have a wife that was gifted a couple ounces of silver for every birthday, christmas, graduation...etc. I have a bunch of those 1 ounce little bars in my gun safe. Can you still buy those? Is that what you still buy?
Posted on 6/7/21 at 9:33 am to tigerfoot
Yeah you can still buy the small bars. I own a little bit of physical, about half of it is 1/2 and 1 oz rounds and the rest of it is 10 oz bars. Check out apmex.com or sdbullion.com
Posted on 6/7/21 at 11:40 am to tigersint
I hold silver and gold as a “break the glass” strategy. It will likely be passed down to my kids. If things get extremely bad here (like they did in Venezuela), I would hope to barter the metal for a plane ticket to somewhere else.
It’s not a substantial portion of my portfolio. It never will be.
It’s not a substantial portion of my portfolio. It never will be.
Posted on 6/7/21 at 11:42 am to FredsGotSlacks
quote:
Yeah you can still buy the small bars. I own a little bit of physical, about half of it is 1/2 and 1 oz rounds and the rest of it is 10 oz bars. Check out apmex.com or sdbullion.com
You can buy directly from the private mints (Scottsdale or Golden Gate for instance) and save a bit over APMEX. Takes forever for them to fulfill an order though.
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