Thats wonderful! But please keep in mind not to spend money you cannot afford to lose on this. Things may go in any direction and no one knows for sure if and when the silver sqeeze will happen.
I ordered from JMBullion. It had been ten days since the money cleared my bank account. I emailed them last night (business voice with honey on top), they sent my order this morning.
btw, remember to put a very high good-till-cancelled sell order for all the shares, otherwise these asswipes will "borrow" your shares without even telling you, to short them. Oh, my friend also told me that if you have margin facility on your account you need to get rid of it, otherwise technically the stocks arent even in your name apparently (they keep it in their own name so they can easily do naked short selling, again illegally)
I asked SChwab about that. They can only borrow on shares you have on margin. Not if you just bought the shares. I'm no trader so I just bought shares. Wanted to make sure.
Also, DO NOT buy paper shares. No ETFs. Physical or PSLV only.
They can only borrow on shares you have on margin.
This is correct, legally speaking. But if GME has shown us anything, its that laws dont apply to these people.
So when my friend asked his manager he got the same answer. So he switched the question around a bit: "So can you guarantee you wont borrow the shares if I am not using margin?" and the guy was evasive and eventually pointed him to his boss. The boss was evasive as well and never have a yes or no answer. But, he was able to give an "YES" answer if your account did not even have a margin feature. I dont know if all this means anything, but given what we are seeing, its wise to be prepared.
Just be warned. When I was a young man 30 years ago and silver was $4-$5, the silver sales pitch was the same as you're touting right now.
Thats wonderful! But please keep in mind not to spend money you cannot afford to lose on this. Things may go in any direction and no one knows for sure if and when the silver sqeeze will happen.
I don't know if Silver may pop off or not, but I sure as hell know where the dollar is headed.
Relief money = extra money I can swing around
Sweet!
Next best think to buying guns and ammo.
I ordered from JMBullion. It had been ten days since the money cleared my bank account. I emailed them last night (business voice with honey on top), they sent my order this morning.
btw, remember to put a very high good-till-cancelled sell order for all the shares, otherwise these asswipes will "borrow" your shares without even telling you, to short them. Oh, my friend also told me that if you have margin facility on your account you need to get rid of it, otherwise technically the stocks arent even in your name apparently (they keep it in their own name so they can easily do naked short selling, again illegally)
I asked SChwab about that. They can only borrow on shares you have on margin. Not if you just bought the shares. I'm no trader so I just bought shares. Wanted to make sure.
Also, DO NOT buy paper shares. No ETFs. Physical or PSLV only.
This is correct, legally speaking. But if GME has shown us anything, its that laws dont apply to these people.
So when my friend asked his manager he got the same answer. So he switched the question around a bit: "So can you guarantee you wont borrow the shares if I am not using margin?" and the guy was evasive and eventually pointed him to his boss. The boss was evasive as well and never have a yes or no answer. But, he was able to give an "YES" answer if your account did not even have a margin feature. I dont know if all this means anything, but given what we are seeing, its wise to be prepared.
good to know. thanks
I still want a definitive answer that PSLV is same as buying physical silver. They cant do any shenanigans there?
unless it is in your hands there is no guarantees. but if you want silver and cn't find phys, PSLV is the next best thing.
Awesome