Can we have a silver.win community? Seems to be a popular subject. Updoot if you think that is a good idea.
(media.greatawakening.win)
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That would be nice. I will have my first order delivered next week. I am trying to learn but still confused so a good place to go with good correct information would be great.
Only buy physical silver. Do not buy stock. SLV Is paper. It won't even be worth the match it takes to burn it soon.
PSLV works well as a substitute. Sprott actually buys and takes physical ownership of the silver. The more people that buy PSLV, the more physical silver Sprott will buy.
I have money in both physical silver and PSLV.
If you don’t have physical silver, you don’t have it. I would cash that paper in right now if I were you
Yes, physical is better, but if you are going to buy stock, PSLV is absolutely the way to go. It’s a trust, not an ETF like SLV.
SLV supposedly allocates a percentage of the silver stored in the LBMA to the ETF. Obviously that is ripe for manipulation and no one would ever know unless the LBMA is audited.
PSLV allows you to redeem your shares for physical silver. Eric Sprott started his business to allow easier access and liquidity to PM investors, and because he knows the manipulation and fraud of the banks. It’s not run by some large corporation with shady business deals. They take physical delivery of futures contracts when they add silver and gold to their trusts. Sprott currently holds 127,276,592 ounces of physical silver as of March 9th. Sprott is one of the largest contributors to the silver squeeze.
Yes, if you don’t have physical silver, you don’t have it. But if you have a stock trading account and need the liquidity, or if you have a Roth IRA and don’t want to withdraw, then PSLV is a much better investment than all of the other silver ETFs.
The way I look at it, is instead of buying stock of Apple, Tesla, Amazon, etc I’m buying PSLV.
Theoretically maybe. I don't trust it. I believe there will come a time when the whole system is going to crash. Those with silver in their hands will come out on top. That means the people who actually hold the silver PSLV is attached to will be incentivised to just keep it.
I don't know this for sure, but I do know the silver I have stored here with me has real intrinsic value, and I think it will retain that value (and much more) in what is to come.
Also its pretty! I feel like Scrooge McDuck sometimes. :)
I agree, owning physical silver is the best option. And you’re right, no one knows what people will do in a time of crisis, even if their initial intentions were honest.
But if you are going to buy paper, then PSLV is the best option. I don’t view it as an alternative to buying physical, but an alternative to buying other stocks like Apple, Tesla, etc in your trading account or IRA.
I will only buy anything that I can physically hold or keep. That's the way I have been forever so it comes naturally when used in this setting. But until recently I haven't had interest in these types of metals but I have been collecting brass, lead, and copper for the past 15 yearsish.? ?
https://www.reddit.com/r/Wallstreetsilver/
Yeah... Reddit is asshoe
all the more reason to have a silver.win community ... just curious what's the negative on reddit?
I left redit a long time ago and don't plan on going back.
10.4 I'm there just for the Silver info.
https://www.reddit.com/r/silverbugs is the default place IMO. Its not overly political there nor have communists taken it over like the rest of Reddit.
I like win communities.. less communism
I do streams nearly daily on trovo.live. I would be more than happy to plug you in on the markets and such.
Comex, CFTC, PSLV, etc. (Never buy paper). Trovo.live/mickhigan
Okay ty I will take a gander