Should I buy silver?

I wouldn't. I sold all my silver last summer when prices started to skyrocket. It wasn't easy to sell and the people I was dealing with were complete degenerates. I took the silver money and put it in BTC and my gains have been off the charts compared to any precious metal. There are far better options right now to put your money in than gold or silver.

I have just for the novelty and it makes a good gift for my young kids. I don't consider in my overall portfolio but I like having there and it's fun to pull it all out once in a while and admire. I buy it sporadically, along with other precious metals, but again, it isn't a factor in my investment portfolio.

Stores of value don't drop 15% overnight randomly.

Yes, silver is fine, just allocate a small amount 3-7% depending on how your portfolio looks and risk tolerance.

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No, precious metals are no longer a good investment...

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Broad, bold statement. I disagree and liken the statement to people saying oil is done.

BTC costs too much for its own good. The supply is running out in a few years, right? At what point will it no longer be a good investment? You can't eat it, you can't physically hold it and you can't make things from it. It'll continue to go up near term, maybe even one day hit 100k, but at some point people are going to realize the only thing they can do it with it is hold it. It's not an investment in a company or a commodity. When that day comes, it will sink like a rock.

Basically, BTC is a short term hold (maybe a few years) but eventually its going to be all about stable coins. The average person will NEVER buy/sell in BTC.

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The average person will NEVER buy/sell in BTC.

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Do you know anyone who takes a silver eagle or Canadian maple leaf to the store to purchase anything? A gold eagle? The only people I know who push gold and silver are Boomers who know nothing about modern investing. Are there worse things you could buy than gold or silver? Sure. But when compared with other investments this day and age gold and silver are at the very bottom.

Silver is the most frustrating investment I’ve ever entered into but it’s also the strongest fundamentally. The issues aren’t the actual commodity but the way in which it is traded on the COMEX which allows the large bullion banks to manipulate the price as they see fit, but I think they’re screwed and are slowly trying to get on the right side of the trade.

The efforts to “squeeze the COMEX” since February have actually been extremely successful as the registered inventory at the COMEX vault is down 20% or a little over 30 million ounces. The situation is dire as annual silver production has decreased an average of 5-8% every year for the past 5 years as older mines come offline without any replacements. Most mining companies were barely staying afloat for a decade so there hasn’t been any excess capital for R&D for exploration and development of new drill sites.

On top of the the decreasing supply you have demand increasing at a minimum of 10% annually due to the commercial applications alone. EVs, solar panels, consumer electronics use silver as it is by far the most efficient semiconductor out there. The aspect that most weren’t expecting is that retail investment demand has actually far exceeded anyone’s expectations over the past 3 years and 2021 is going to absolutely slaughter any previous year for the amount of silver purchased by individuals/ETFs. All this to say that silver will actually be in a deficit this year, there will be far more consumed than produced for the first time in quite a while.

Silver ain’t sexy but it is already in a nice little bull run that I think could see silver get to 75-100 within the next couple years. If you’re looking for how to make money based on that information buy mining stocks (CDE, AG, HL) or if you’re looking for a gamble with enormous payouts gobble up some junior mining stocks (abra, kuya, aya, vangold) as those will see 10-20x gains in a silver bull run.

Lastly do not buy SLV, it is a fake paper scam run by JPM and black rock that uses silver in London vaults that is already delivered, it does not require metal to come off the market and just gives them your money for silver purchased by up to 300 other people. If you want a fund PSLV is definitely the way to go, they source and buy new metal from the market which adds more stress to an already delicate situation.

Disclaimer I am heavy in PM mining stocks and also hold quite a bit of physical silver/gold and own PSLV.

If buying silver, buy digital silver ltc

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I can't tell if you are arguing with yourself. 3-7% in silver. No telling what else this dude has.

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I'm saying 3-7% of an entire portfolio in metal is mind blowing, as in way too much.