Silver Newbie Here.... what's the deal?
?️ DISCUSSION ?
Sorry to be that guy but I really trust this board with my life these days...
Can someone give me the skinny on the silver situation? Never stacked any precious metals but I just bought 6oz worth from a recommended mint. Just wondering what the hype is about and if its worth it or not.... may look into getting some more of it. Thanks in advance!
Not a silver guy, but any hard assets are a good idea against the monopoly money the Fed keeps shoving
https://www.reddit.com/r/Wallstreetsilver/
Great place to start. Be warned though, there are constant posts of peoples stacks and hype about silver raid days. You may find yourself buying more…I should know.
Silver raid days??
The idea is to get as much Silver off the market before each COMEX delivery date, forcing silver out of unallocated (pooled, unaudited) storage and into allocated storage, physically possessed by a mint or in private hands.
This causes severe pressure on the "paper" silver market that's artificially keeping prices low.
In reality, continuous buying with physical delivery has the same effect, but it's kind of a "morale booster" for us Silverbacks. As a bonus, many of the mints will have special raid deals- usually 20-25% off the normal premium or free shipping.
Thank you, I’m on wss a bit, but I don’t think i’ve ever seen that really explained until now.
Coordinated buying days.
What is it about Garand guys and silver? I can't count how many of us out there that proudly own both.
I've collected gold since the 80's...have a nice stash. I also started to collect silver about 10 years ago...I knew that this day would come eventually so I was diligent not to touch it.. I dipped into it a couple of times over the decades but on the whole it wasnt much.
It's never to early (or to late) to jump in. Just make sure you get the actual metal....no certificates!
Blessings frens....
Watch the series "Hidden Secret's of Money" by Mike Maloney on YouTube. That'll give some modern and historic context on precious metals.
Be patient, fren. This is not meant to be a get rich quick deal.
But when you stack, you are richer than if you don't stack.
Be careful, however. "If a deal sounds too good to be true, it probably is." Don't get stuck with a bunch of electroplated or "German Silver".
How can you ensure authenticity?
Best to take it to a coin shop to check for authenticity. There are plenty of YouTube videos to show their techniques.
Buy from a well-known vendor like JM Bullion, SD Bullion, APMEX, etc.
Buy GME, guns and ammo
https://www.youtube.com/channel/UCThv5tYUVaG4ZPA3p6EXZbQ
Rule #1 - buy low and sell high. Silver is thru the roof.
Rule #2 - don't trust an online forum full of anonymous people who can change their user names whenever they want.