Silver is STUPID low right now. Not a bad idea to pick up some physical. I use JM bullion, which I'll link at the bottom. Never had any issues and I get best pricing because I'm a veteran. SB billion is solid too. Check out a local coin shop if you can. I stick with 1 oz rounds or minted coins. American eagles are a shit pick up right now with their premium. I go with British or Canadian coins (fuck them), but the premiums are low and the coins are nice. Stack up while you can, it's dirt cheap.
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The silver price is at 22.48 but all silver is about 26 dollars on jmbullion? Is that normal?
The difference is called the premium and premiums have been high ever since COVID. The banks short the spot price with paper silver that doesn't exist so nobody is going to sell physical silver for $22.48.
The closest way to getting physical silver at $22.48 is to buy shares of $PSLV. Do not buy $SLV because it's a scam.
Silver miners like $FSM are on huge sale right now, but mining is a tough business and inflation isn't helping them. One day the miners will rocket so this is a leveraged play, but who knows when that will happen (could be years).
Great response. I own around 10,000 pslv shares, but again... it's not in my hand. I prefer the real deal. It's so suppressed right now. I own a couple miners as gambles. I LOVE PROSPERITY has an awesome channel on YouTube to find out more.
I used to watch that guy, but later got bored with him and realized that his guests are what make the channel and that he cannot stand on his own. My favorites right now are Rafi Farber and Maneco because they have unique commentary on their own.
https://www.youtube.com/channel/UCYhpYwnKIVsuHZs1txP6biA https://www.youtube.com/channel/UCAvSnci_3qHF_7c2LQnP_wg
A lot of the YouTube channels get super repetitive, but thats why you follow multiple! Checking the channel out now. He's very knowledgeable! Keep stacking!
Yes