stock market was up today...

#11,808
#11,808
NEO said:
When a trading site can dictate how much you can buy you have complete fraud and a total breakdown in the system.

Clear to anyone what they are trying to do here with the stock prices. Shows they have personal skin in the game.
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Anyone with at least two brain cells!
 
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#11,810
#11,810
NEO said:
What's everyone's thoughts on AMC? Seems it was shorted as much. Think it goes back down or ends up being the next GME?

Or would you just go with SLV instead at this point?
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Man, physical silver is a much better play than SLV. I'm not sure what the deal is on that as I look more into that. I'm happy on the one hand that people's attention has now shifted to silver, but I'm beginning to doubt just how beneficial it would be to be tossing anything into SLV, even in these turbulent times. Two weeks ago... or even early last week, I would have been one of the first ones to talk you down from buying SLV. But now with recent developments, the picture is murky. I still lean against buying, but there is that slim possibility that there could be room to dip your toe in. This would be one of the few times I would even fix my mouth to buying SLV for "exposure" to silver. But just know that you are playing a dangerous game. Be willing to lose whatever you put into it. And even then, PSLV is the better of the two because I trust Sprott more than I do JP Morgan.

Physical silver, and then AMC... then PSLV if you need exposure to silver while it runs up over the next few days. SLV is probably near the bottom of the list.
 
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#11,811
#11,811
VolStrom said:
I've been collecting silver eagle proof coins for years. I don't have any use for them and just thought if silver was going to go up in price like gamestop did I'd capitalize on it. I don't follow the market much anymore and don't trade either, I'm just sloow and steady.
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Proof coins? Eek... well, if that is what you have, you not only have a regular premium you put in, but you also have the numismatic premium on top of that. Hell, most of those proof eagles are considerably more than the regular BU coins.
 
#11,812
#11,812
Rasputin_Vol said:
Proof coins? Eek... well, if that is what you have, you not only have a regular premium you put in, but you also have the numismatic premium on top of that. Hell, most of those proof eagles are considerably more than the regular BU coins.
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Bought a 2020 ASE, ww2 privy mark, from the mint. NGC graded it as Proof 70.
 
#11,813
#11,813
Rasputin_Vol said:
Man, physical silver is a much better play than SLV. I'm not sure what the deal is on that as I look more into that. I'm happy on the one hand that people's attention has now shifted to silver, but I'm beginning to doubt just how beneficial it would be to be tossing anything into SLV, even in these turbulent times. Two weeks ago... or even early last week, I would have been one of the first ones to talk you down from buying SLV. But now with recent developments, the picture is murky. I still lean against buying, but there is that slim possibility that there could be room to dip your toe in. This would be one of the few times I would even fix my mouth to buying SLV for "exposure" to silver. But just know that you are playing a dangerous game. Be willing to lose whatever you put into it. And even then, PSLV is the better of the two because I trust Sprott more than I do JP Morgan.

Physical silver, and then AMC... then PSLV if you need exposure to silver while it runs up over the next few days. SLV is probably near the bottom of the list.
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I have always used real estate as my investment Avenue and I do very little with stocks. Anything I invested would be fun money.

We started buying foreclosures back in 10 and I just stuck with it. I knew Columbus really, really well and knew where to buy. I don't own anything in tn as the cost per sq ft is too high but try to buy 2 to 3 houses a year in Ohio. I have never paid more than 45k for a house.

I can still buy a house in colimbus for 35k, put 5k into it, and then rent it out for 750 to1250k a month depending on the area. 5 years I get my money back and then start turning a profit.

Stocks is not my forte but am getting very curious now.

Any stock books you would advise?
 
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#11,814
#11,814
Nobody will stick a pistol in your ribs or kick your door in to take your SLV or other derivative (the government might take it though). You are a target for violence if you keep precious metals on you or in your home.
 
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#11,816
#11,816
This guy set a high GTC sell order to lock up his NAKD shares yesterday on RH to keep them from being lended out to short firms. He just looked and RH canceled it on their own today.

Screenshot_20210131-215345_Stocktwits.jpg
 
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#11,820
#11,820
Rasputin_Vol said:
In reality, the SLV has in its prospectus that they can settle in cash. So there technically won't be a default of metal delivered. But, two things would happen. You mentioned the first, there would be a divergence between the "paper" price and the actual physical price of silver. That right there should highlight the rampant fraud in the market right there. Also, even if they don't settle in metal, they will have to settle in cash. How much liquidity would that require?
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Are you referring to settling the holdings with individual investors, or settling the total amount of silver held in the trust?
 
#11,823
#11,823
lawgator1 said:
$83 from the mint plus $50 to get it graded.

That was in November. They are selling for $550 on Ebay right now so its one where the numismatic value is much more than the silver content.
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I was watching something on tv. Can't remember if it was fox or metv or what but a paid program came on for coins.

I haven't collected coins since I was a kid and would go to Allen's in westerville.

So you are buying coins?
 
#11,825
#11,825
TheColdVolTruth said:
Are you referring to settling the holdings with individual investors, or settling the total amount of silver held in the trust?
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With individual investors... but here is the catch, they have to have a large number of shares in order to be able to stand for delivery. A few small investors with a few hundred or a couple of thousand shares can't (individually) do anything. But even if you got a bunch of SLV shareholders together in one group and they were able to meet the minimum amount to stand for delivery, the contract is written such that they can just pay you off in cash instead of metal.

I thought I had been over this before on SLV, but I had actually talked about GLD last summer.

stock market was up today... Post #10,922
 
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