Sir; respectfully, silver and gold doesn’t ever take off. The daily market line may go up and down. But the metal itself is a storage of this days dollar. It is a long term hold. As I’ve said I started buying when prices were X that is the value of a FRN at that time.Don't get me wrong, I love my silver stack and will continue to add to it.
My observation was more, we keep hearing silver is gonna "take off" but it never seems to take off any higher than the first Wright brothers flight. Doesn't make silver bad, just means many people preaching it are a bit optimistic.
Then when it does take off, they'll say "told ya so!" like they had some great foresight into markets.
Ag on, my brothers!
I agree 100% with your astute assessment.Sir; respectfully, silver and gold doesn’t ever take off. The daily market line may go up and down. But the metal itself is a storage of this days dollar. It is a long term hold. As I’ve said I started buying when prices were X that is the value of a FRN at that time.
Also the market as traded is all in paper contracts, nobody sells 1,000,000 oz’s of gold, or silver in a day. If you look at the daily trades, the market buys and sells more metals than exists in public and private hands. Each day.
Today, I still hold the same amount of FRN’s I held at the time I bought my first Oz. FRN:OZ ratio
Metal, is a long term storage of wealth, not an investment/ growth tool.
If you want gains on “investment “ dollars there are many better options out there. If you want to keep what you have. Gold n silver n today copper n land are your best bets.
Not a financial advisor, just some old guy that looks outside every day.. Again, respectfully.
I got a 90% proof state quarter back as change from a vending machine at work, one night.So I was closing registers at work tonight ( I’m the store manager of a big box retail store) and found a couple 90% quarters. Happens more often than most would think. I always keep some cash on me to buy cool stuff off the registers vs depositing it.
This is great!So I was closing registers at work tonight ( I’m the store manager of a big box retail store) and found a couple 90% quarters. Happens more often than most would think. I always keep some cash on me to buy cool stuff off the registers vs depositing it.
That customer was probably cashing in the halves that weren’t silver from hunting themselvesCoin fishing worked well for many years after Ag was pulled but not much now. A few years ago I was in my bank when a customer wheeled in over $450 in rolled halves. I took a gamble and bought them all from the bank, figuring if rolled by a customer then there was a chance. Nope, not a single silver piece.
My thoughtsThat customer was probably cashing in the halves that weren’t silver from hunting themselves
Still down this morning. I was just coming to post this. Wonder what happened.Kitco is down:
"Our website is currently experiencing a disruption due to a cyber security incident. Our team is actively working to resolve this issue as quickly as possible. We are committed to ensuring the security and integrity of our services and apologize for any inconvenience this may cause."
If they have customer data they would know where lots of bars shipped to.Kitco still down today. Must've been a heck of a cyber security incident.
Well, I never buy from them. Too expensive usually.If they have customer data they would know where lots of bars shipped to.
I've never signed up to their site. I only use it to monitor spot prices.Well, I never buy from them. Too expensive usually.
Looks to me, and I could mistaken, that it is giving faster changes in the market as of 9:41 pm Tue. night. Looks as if it is changing every couple seconds….. But I don’t know what the lag time is.Can't believe Kitco is still down. Well, not totally down but not back to normal yet. Not much info out there about it, but I am seeing that customer information was not compromised.
Cybersecurity breach impacts operations at Kitco Metals' online platforms
Kitco Metals, a prominent North American entity renowned for its specialization in trading precious metals and refining gold, found itself grapplingmenafn.com
Sovereign silver coins are #1 to me in terms of stacking. IMHO, tier 1 are Eagles & Maple Leafs, tier 2 include Britannias, Philharmonics and Krugerrands. Tier 3 would be Other such as Somali coins, Bank of the Carribean, etc.What do you guys think of the silver Krugerrands? @snorko do you have any experience with them?