I am considering buying some silver during all of this but I don't really want to hold it physically. (missed the dip a few weeks ago). I assume there are brokers where you can buy at spot plus commission and then sell when you want to. Then take your profits. Or am I mistaken? If any of you do this where do you recommend a neophyte cut his teeth?
Thanks, Kevin

Even during the dip the premium was high enough that many people did not purchase. Let me know how many ounces you are looking for, email me if you have any questions david@mimisjewelryinc.com

You're playing in a game of experts. Do you consider yourself one? Then stay the hell out.

You don't want to hold it physically. Do you want to buy physical silver and have it held in secure storage for you, or do you want to buy paper silver? Two very different animals.

Unless you are looking to take physical possession - I would look more towards bargains galore in the market - travel/leisure, energy, etc.

A hundred ounces in your home safe is a good emergency hedge - but more than that can become cumbersome. (stealing space from guns and ammo)

quote:

Originally posted by rburg:
You're playing in a game of experts. Do you consider yourself one? Then stay the hell out.

Expertise comes from experience. Sometimes experience is costly.

Kinda like the old saw about good judgement:
Good judgement comes from wisdom.
Wisdom comes from experience.
Experience often comes from bad judgement.

David is the man to listen to as he knows his stuff. When I was buying silver, I wanted possession in case things went to sh-t. But that is my view of things.

I would just put that ‘portion’ in a precious metals fund. I’m not big on going a high percentage of one’s asset allocation in gold or silver. Nothing wrong with a reasonable % though.


https://money.usnews.com/funds...uity-precious-metals

quote:

Originally posted by wreckdiver:
When I was buying silver, I wanted possession in case things went to sh-t. But that is my view of things.

That was/is my view.

An old saw of an expression is, “If you can’t hold it, then you don’t own it.”

If you opt for a bullion depository storage certificate, then you have the same thing that the FedGov (US Treasury) issued; and look what became of that.

https://en.m.wikipedia.org/wik...icate_(United_States)

Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard.[2] The certificates were initially redeemable for their face value of silver dollar coins and later (for one year – June 24, 1967 to June 24, 1968) in raw silver bullion. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender at their face value and thus are still an accepted form of currency.

A monster box of American silver eagles is 500 oz of silver, and is just a bit bigger than a shoe box. The packaging is a hard green plastic and you can stack them up nicely. Don’t be afraid to buy silver if you want it, but right now it might be tough to find in any quantity unless you are willing to pay high premiums. Find a good local metal dealer and go visit them.