Moneymaxxers.. thinking of going into Silver (PSLV & SLV) or if you can buy the physical coins

[WizardofSoda]

I had a good January in my stock accounts.. up 15%. Last year I was up 103% for the year.

I am debating how much percent of my portfolio to allocate to the Silver play. I am thinking of 10%.

I'm going to try to buy PSLV depending on the price it opens at(sometimes I wait a bit to see how the shares are moving). Current price is $9.58.

I ordinarily set a sell price where I sell a portion of my shares if it gets there. But I really am not sure how much silver could move, and it could really fly if everyone starts buying it, so I don't want to sell a lot of my position too early in the run.

One potential sell point is they say through time Gold was 15 or 17 times higher than Silver on average. Aka if Silver sold for $100 then gold was $1,700.

But right now Silver is $28 or so, and Gold is $1,860. So a 4 times gains seems a nice round point to aim to sell at. Or call it at $36 a share of PSLV I would sell a portion. Of course I'd have to see how the momentum and news at that point was too.

A more ambitious estimate is that adjusted for inflation since the US went off the silver standard I think, Silver should be $1,000 an ounce. Which would be a more than 30 times gain from here.

 

[Emba]

I'm sorry no one replied..
(Fucking idiots...)

I think it's a bit late to ride the silver Bullet Train...

My q4u is: what do you think about the Reddit silver run?

Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In | SHTF Plan

It was the one print everyone was waiting for, and here it is: silver futures opened up 7%, surging from $27/oz to a high of $29.095 following a weekend of speculation that the next big squeeze on WSB's radar is silver. And whether that's true or not, may no longer matter in a world where - as...

www.shtfplan.com

 

[WizardofSoda]

I'm sorry no one replied..
(Fucking idiots...)

I think it's a bit late to ride the silver Bullet Train...

My q4u is: what do you think about the Reddit silver run?

Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In | SHTF Plan

It was the one print everyone was waiting for, and here it is: silver futures opened up 7%, surging from $27/oz to a high of $29.095 following a weekend of speculation that the next big squeeze on WSB's radar is silver. And whether that's true or not, may no longer matter in a world where - as...

www.shtfplan.com

I think silver is going to go up a lot on this run. But I chickened out into buying this morning. My problem is I don't know how to value silver.

It just seems that when everyone starts buying something its going to move up one way or another. And I was also thinking what if the Chinese get into silver and gold in a big way, inspired by this reddit push.

 

[grondilu]

Silver is ok, but gold is king.

I recently bought one of these bad boys :

proof :

 

[WizardofSoda]

I recently bought one of these bad boys :
View attachment 403760

Sweet, that seems the best part of investing in gold and silver is collecting coins. I was thinking as I get richer of putting 10% of my money over time into gold and silver. I sort of like gold more just because its more valuable.

You know i also thought if I get super rich at some point... I want to get so many gold coins and other trinkets and get a pirate chest, and fill it with them. Imagine a chest with literally millions worth of gold coins, diamonds, little statues.

 

[grondilu]

You know i also thought if I get super rich at some point... I want to get so many gold coins and other trinkets and get a pirate chest, and fill it with them. Imagine a chest with literally millions worth of gold coins, diamonds, little statues.

I know the feel.

 

[WizardofSoda]

I know the feel.

View attachment 403764

Ah my idol! My greater quest is to get to $1 billion. I broke the quest down into a series of doublings. Eg.. if the person started with $40,000, they need 15 doublings to get to $1 billion.

 

[LDARbeforeROPE]

Silver is ok, but gold is king.

I recently bought one of these bad boys :
View attachment 403760



proof :
View attachment 403761

Thats really cool

 

[grondilu]

My greater quest is to get to $1 billion.

You probably will. The thing is, most people probably will too. I don't think the dollar will survive much longer.

Banknotes of Zimbabwe - Wikipedia

en.wikipedia.org

 

[WizardofSoda]

You probably will. The thing is, most people probably will too. I don't think the dollar will survive much longer.

Banknotes of Zimbabwe - Wikipedia

en.wikipedia.org

With what happened last few months and year in the USA I started thinking for the first time the country as one entity is in jeopardy. When the army has to be called in to defend the capital against the people, its often near the end. I've seen it happen too many times over the years in other countries where the political leaders call in the army to defend themselves and it was like months left for them.

It means the political leadership is no longer seen as a the legitimate rulers of the country by the people. Of course the cities and states and economies would go on even if Washington fell, or probably most likely there could be a coup and an army general take over and reunify the country. Which would then save the dollar.

Basically a country can't put 10 million+ people out of work for whatever reason and expect for things to go on as normal.

 

[Deleted member 31092]

Silver is ok, but gold is king.

I recently bought one of these bad boys :
View attachment 403760



proof :
View attachment 403761

Silver provides far more value for your cash than gold. Immensely more value.

The global financial system is thoroughly bankrupt and thoroughly fraudulent. If I were you, I would get out of all paper assets and into anything tangible- and I think silver is the best, safest, most liquid asset. All other assets will have to bow down to silver (even gold).

 

[WizardofSoda]

To rule a country forever is simple. Make sure all men have a loyal wife who cannot leave, can have kids if they want, a house and a white picket fence, and a job with respect and enough money they can live a decent life like with holidays and weekends off and can pay their bills for the family. Its really that simple.

Our political leaders failed on the wife part, and now beginning to seriously fail on the jobs part. So it means they won't have long left unless they change. Which I don't see either liberals or cuckservatives giving up their failed ideas.

 

[grondilu]

When the army has to be called in to defend the capital against the people, its often near the end.

China did in Tian'anmen, and they're doing fine.

In fact, it seems that China has become the political and economical model the West wants to follow.

I think the dollar will collapse, but not because of that political shift. Rather because the US has been indebted for too long. They don't produce nearly enough as they consume. The world can't function with everything being built in China for ever.

Silver provides far more value for your cash than gold. Immensely more value.

The global financial system is thoroughly bankrupt and thoroughly fraudulent. If I were you, I would get out of all paper assets and into anything tangible- and I think silver is the best, safest, most liquid asset. All other assets will have to bow down to silver (even gold).

Silver is ok (I own some silver coins too) but for any significant value you'd have to own more than you can literally lift.

 

[Deleted member 31092]

With what happened last few months and year in the USA I started thinking for the first time the country as one entity is in jeopardy. When the army has to be called in to defend the capital against the people, its often near the end. I've seen it happen too many times over the years in other countries where the political leaders call in the army to defend themselves and it was like months left for them.

It means the political leadership is no longer seen as a the legitimate rulers of the country by the people. Of course the cities and states and economies would go on even if Washington fell, or probably most likely there could be a coup and an army general take over and reunify the country. Which would then save the dollar.

Basically a country can't put 10 million+ people out of work for whatever reason and expect for things to go on as normal.

America as we know it is done. It is far too corrupt, decadent, and fractured to go on for much longer. No amount of bread and circuses will keep this fraud going for much longer (and believe me, we're going to get buffets of bread and calvacades of circuses).

 

[WizardofSoda]

China did in Tian'anmen, and they're doing fine.

In fact, it seems that China has become the political and economical model the West wants to follow.

I think the dollar will collapse, but not because of that political shift. Rather because the US has been indebted for too long. They don't produce nearly enough as they consume. The world can't function with everything being built in China for ever.


Silver is ok but for any significant value you'd have to own more than you can literally lift.

Thing is in Tian'anmen Square the student protestors didn't have the broad support of the Chinese population. They were the rich kids of party elites in Beijing. Most Chinese across the vastness of their country didn't want democracy, and were happy with the rapid pace of reforms Deng was making and the clear economic progress going on.

Even so that was close to their regime getting in trouble as it could have spread, and they did have to call out the army and go to extreme defense mode for months afterwards.

Importantly Deng also had the support of the army. That actually is the most likely scenario I think short-term for the USA if things don't get under control, is we'll see the army effectively take over.

 

[Deleted member 31092]

China did in Tian'anmen, and they're doing fine.

In fact, it seems that China has become the political and economical model the West wants to follow.

I think the dollar will collapse, but not because of that political shift. Rather because the US has been indebted for too long. They don't produce nearly enough as they consume. The world can't function with everything being built in China for ever.



Silver is ok but for any significant value you'd have to own more than you can literally lift.

Which just shows how undervalued it is.

 

[WizardofSoda]

America as we know it is done. It is far too corrupt, decadent, and fractured to go on for much longer. No amount of bread and circuses will keep this fraud going for much longer (and believe me, we're going to get buffets of bread and calvacades of circuses).

Thats another fundamental problem.. the divisions are too extreme now. The thing keeping the show on the road was as long as the politicians were smart enough to not fuck with the economy, and people could go out there and make money.. people whether liberal or conservative are united in that goal in America.

But the politicians couldn't leave well enough alone and are shutting down more and more of the economy. Which creates literally millions of people who form the foot soldiers of the overthrow.

Its scary but the ruling ethos is that America is an evil country that needs to be destroyed. That is a literal suicidal ethos for any ruling class.

Which just shows how undervalued it is.

Ya and if this was 1980 or something the Western bankers could manipulate the price. But they can't stop literally billions of people around the world who now have real money, from just outright purchasing physical silver.

Back in 1980 these other places were so poor and backward and most of them were outright Communist that they nearly didn't exist economically to us.

Like now some bankers in New York or London or Chicago writing short contracts or spoofing sales of silver on the exchange, would do nothing to slow down billions of people around the world just buying physical silver.

One thing that could happen is that in the West the commodities market price of silver might stay at a fake low price. But the actual physical price of silver detaches and keeps going up. So Wall Street & friends would be reporting numbers that had less and less to do with reality.

 

[Deleted member 31092]

Thats another fundamental problem.. the divisions are too extreme now. The thing keeping the show on the road was as long as the politicians were smart enough to not fuck with the economy, and people could go out there and make money.. people whether liberal or conservative are united in that goal in America.

But the politicians couldn't leave well enough alone and are shutting down more and more of the economy. Which creates literally millions of people who form the foot soldiers of the overthrow.

Its scary but the ruling ethos is that America is an evil country that needs to be destroyed. That is a literal suicidal ethos for any ruling class.

America is held together with glue, and that glue is money.

The last financial crisis was essentially a corporate and banking crisis. The next crisis will be a currency crisis and a sovereign debt crisis. It's not the stock market that will fail, it's the dollar that will fail. This would have happened regardless but Covid substantially accelerated the process. Can you imagine the kind of chaos America will descend into once it no longer has a functional currency?

 

[WizardofSoda]

America is held together with glue, and that glue is money.

The last financial crisis was essentially a corporate and banking crisis. The next crisis will be a currency crisis and a sovereign debt crisis. It's not the stock market that will fail, it's the dollar that will fail. This would have happened regardless but Covid substantially accelerated the process. Can you imagine the kind of chaos America will descend into once it no longer has a functional currency?

Good way of putting it. You are right it would be very serious because the country isn't unified with shared beliefs.

Like even Venezuela can survive its economic disaster, because 99% of Latinos believe in Communism and still support the government. Even if it means their death or their childs death from starvation from bad government policies, they will NEVER question government as it is their religion, they will be strong believers in Communism even as they bury their child. They will blame something like foreign interference, or secret rightists undermining the honest government.

Problem right now in America is perhaps half the country has lost faith in their political leaders. So as long as things are good the people aren't revolting, but they aren't going to put up with hard times.

 

[Deleted member 31092]

Good way of putting it. You are right it would be very serious because the country isn't unified with shared beliefs.

Like even Venezuela can survive its economic disaster, because 99% of Latinos believe in Communism and still support the government. Even if it means their death or their childs death from starvation from bad government policies, they will NEVER question government as it is their religion, they will be strong believers in Communism even as they bury their child. They will blame something like foreign interference, or secret rightists undermining the honest government.

Problem right now in America is perhaps half the country has lost faith in their political leaders. So as long as things are good the people aren't revolting, but they aren't going to put up with hard times.

Yes, America is suffering from a very severe and crippling crisis of legitimacy. No one has faith in anything anymore- the political leaders, the "elite'" the institutions....

And America is fast becoming another socialist failed state. An increasing amount of Americans think it's possible to get something for nothing, and the politicians are all too happy to swipe the national credit card to buy votes. The socialists have come in promising to remedy the "evils" of capitalism, when really all they are going to do is complete and deepen the economic destruction of America.

The reason Venezuela has survived their economic collapse is because the rest of the global economy and financial system is still functional. That won't be the case in the future...

Thats another fundamental problem.. the divisions are too extreme now. The thing keeping the show on the road was as long as the politicians were smart enough to not fuck with the economy, and people could go out there and make money.. people whether liberal or conservative are united in that goal in America.

But the politicians couldn't leave well enough alone and are shutting down more and more of the economy. Which creates literally millions of people who form the foot soldiers of the overthrow.

Its scary but the ruling ethos is that America is an evil country that needs to be destroyed. That is a literal suicidal ethos for any ruling class.


Ya and if this was 1980 or something the Western bankers could manipulate the price. But they can't stop literally billions of people around the world who now have real money, from just outright purchasing physical silver.

Back in 1980 these other places were so poor and backward and most of them were outright Communist that they nearly didn't exist economically to us.

Like now some bankers in New York or London or Chicago writing short contracts or spoofing sales of silver on the exchange, would do nothing to slow down billions of people around the world just buying physical silver.

One thing that could happen is that in the West the commodities market price of silver might stay at a fake low price. But the actual physical price of silver detaches and keeps going up. So Wall Street & friends would be reporting numbers that had less and less to do with reality.

The financial powers that be need to keep the prices of gold and silver suppressed to create the illusion that all is fine and well... Here's what's going to happen- paper gold and silver will become worthless, real gold and silver will become priceless.

 

[WizardofSoda]

Yes, America is suffering from a very severe and crippling crisis of legitimacy. No one has faith in anything anymore- the political leaders, the "elite'" the institutions....

And America is fast becoming another socialist failed state. An increasing amount of Americans think it's possible to get something for nothing, and the politicians are all too happy to swipe the national credit card to buy votes. The socialists have come in promising to remedy the "evils" of capitalism, when really all they are going to do is complete and deepen the economic destruction of America.

The reason Venezuela has survived their economic collapse is because the rest of the global economy and financial system is still functional. That won't be the case in the future...

The financial powers that be need to keep the prices of gold and silver suppressed to create the illusion that all is fine and well... Here's what's going to happen- paper gold and silver will become worthless, real gold and silver will become priceless.

Ya the governmental elite of course support socialism because it makes themselves more powerful. Thats another fatal flaw in a democracy.. the politicians in the legislature are voting on whether or not to give themselves more power.

We could see paper silver gradually going down in value as investors lose money there. But meanwhile physical silver rising from $28 an ounce to $200 an ounce or something.

In some complex way they can make the paper silver not really track the physical price of silver. Then on the tv they can report, 'silver down 2% today as investors take losses.'

 

[Emba]

Yes, America is suffering from a very severe and crippling crisis of legitimacy. No one has faith in anything anymore- the political leaders, the "elite'" the institutions....

And America is fast becoming another socialist failed state. An increasing amount of Americans think it's possible to get something for nothing, and the politicians are all too happy to swipe the national credit card to buy votes. The socialists have come in promising to remedy the "evils" of capitalism, when really all they are going to do is complete and deepen the economic destruction of America.

The reason Venezuela has survived their economic collapse is because the rest of the global economy and financial system is still functional. That won't be the case in the future...

The financial powers that be need to keep the prices of gold and silver suppressed to create the illusion that all is fine and well... Here's what's going to happen- paper gold and silver will become worthless, real gold and silver will become priceless.

I agree. But even more valuable is food production.

Ya the governmental elite of course support socialism because it makes themselves more powerful. Thats another fatal flaw in a democracy.. the politicians in the legislature are voting on whether or not to give themselves more power.

We could see paper silver gradually going down in value as investors lose money there. But meanwhile physical silver rising from $28 an ounce to $200 an ounce or something.

In some complex way they can make the paper silver not really track the physical price of silver. Then on the tv they can report, 'silver down 2% today as investors take losses.'

I noticed that. Physical silver eagles are 34 with the premium. And paper is 25!

I think they are hiding the real cost via premiums.

It's probably too late to get into silver. I'm not going to be getting any at that crazy price. I remember when it was $1!

But. In the 1800s Napoleon sold the Louisiana purchase to U.S. for about an oz an acre.... Those times might return.

In early rome 1/10 oz silver bought a hard working soldier for a day...

Best bet is its for retirement. Not a get rich quick thing.

Selco from Bosnia civil war, said a gold coin would buy a few days worth of food. Isn't it better to buy the food now? Wheat lasts 30+ years if properly stored... Wheatgrass, bread, etc...

 

[WizardofSoda]

I agree. But even more valuable is food production.

I noticed that. Physical silver eagles are 34 with the premium. And paper is 25!

I think they are hiding the real cost via premiums.

It's probably too late to get into silver. I'm not going to be getting any at that crazy price. I remember when it was $1!

But. In the 1800s Napoleon sold the Louisiana purchase to U.S. for about an oz an acre.... Those times might return.

In early rome 1/10 oz silver bought a hard working soldier for a day...

Best bet is its for retirement. Not a get rich quick thing.

Selco from Bosnia civil war, said a gold coin would buy a few days worth of food. Isn't it better to buy the food now? Wheat lasts 30+ years if properly stored... Wheatgrass, bread, etc...

Thats what I need before I invest is to know what silver historically traded at relative to things like food, wages, hotels, prostitutes lol. Then I can value what it should be today.

Ya good points nowadays I think you can get food to last an extremely long time. Eg.. sacks of rice lol.

 

[solblue]

That silver push was manufactured but I guess it's not a pump and dump if they can convince their buddies in the media to pump it for them and blame social media for it

 

[rope2cope]

Don't fall for the silver meme, as a investorcel you'll get burned.

 

[Deleted member 31092]

That silver push was manufactured but I guess it's not a pump and dump if they can convince their buddies in the media to pump it for them and blame social media for it

Yeah, I'm waiting for the hype to die down before I start buying again. Pretty soon, people will be distracted by the next trendy thing and silver will once again be forgotten and neglected (even though the fundamentals for silver are better than ever).

 

[Emba]

Yeah, I'm waiting for the hype to die down before I start buying again. Pretty soon, people will be distracted by the next trendy thing and silver will once again be forgotten and neglected (even though the fundamentals for silver are better than ever).

When it goes to 15 is when I'll buy more. If it doesn't, oh well... Meanwhile, I'm buying fruit trees.

 

[Ellsworth]

Ah my idol! My greater quest is to get to $1 billion. I broke the quest down into a series of doublings. Eg.. if the person started with $40,000, they need 15 doublings to get to $1 billion.

That’s pretty motivational.

 

[Osentaku Otje]

meh, it's too long term for me. I'm a swing trader for now, maybe when i have more useless money

 

[WizardofSoda]

That’s pretty motivational.

Thanks, I'm working on the 2nd doubling quest right now. Each quest is filled with adventure and drama and difficulty.