Agreed, even if not a near term event, I'm holding what I have, I have been following the silver market for over 10 years, and when I went to buy some mid January and they had 10 oz, I went online and bought some. Bought some more 2 weeks ago when a potential squeeze was announced, and moved some money from 401k to an ira I have (Not all 401ks allow this, most funds available in 401ks are tied to SLV or GLD) so I moved what I could to pslv, not in hand but not paper either, and it may start trading with a premium because of shortage. Never seen such premiums on purchase, spent 1.50 over spot ten years ago, paid about 5 over before the squeeze was announced.
Lots of talk about ratios, but isn't there some added value for gold due to its mailability? Its also used in electronics, or at least it was back in the 80s. An oz of gold cand be spread of a larger area than silver.
Agreed, even if not a near term event, I'm holding what I have, I have been following the silver market for over 10 years, and when I went to buy some mid January and they had 10 oz, I went online and bought some. Bought some more 2 weeks ago when a potential squeeze was announced, and moved some money from 401k to an ira I have (Not all 401ks allow this, most funds available in 401ks are tied to SLV or GLD) so I moved what I could to pslv, not in hand but not paper either, and it may start trading with a premium because of shortage. Never seen such premiums on purchase, spent 1.50 over spot ten years ago, paid about 5 over before the squeeze was announced.
Lots of talk about ratios, but isn't there some added value for gold due to its mailability? Its also used in electronics, or at least it was back in the 80s. An oz of gold cand be spread of a larger area than silver.