Anyone else following silver prices?

[yotehtr]

$103.91 this mornin.

 

[trader]

of course I'm following them, gold prices too.

 

[GPS]

$103.91 this mornin.

Wow, that’s over double what I paid for my bullion. Damn, wish I got more!

 

[BassCliff]

Hi,

I've been wanting to invest in precious metals for years but it's hard to convince Mrs. BassCliff about the advantages. Plus, I see so many ads, I don't know where to start. I remember when gold was $35 an ounce, silver was about $2. Dang, I'm old.

Thank you for your indulgence,

BassCliff

 

[TurboDog910]

It’s attractive but I would not buy now. Remember the spike in Regan’s early years?

 

[Belt Fed]

Been investing in precious metals for many years. just not gold and silver. do have a lot of silver i found with metal detectors

 

[powerboatr]

mom sells a TON of silver coins . she buys em at auction and might squeeze a few dollars in profit

my thing on buying actual physical gold, silver, etc
is when you need to turn them into cash.
you loose
most reputable vendors have a buy back clause that sounds ok, but once you pay shipping back to them and the other small fees you loose
if gold is 1500 an oz you might 1k per ounce
and it you try to sell them at a local place they gouge you
so i looked at securities backed by precious metals
i have a piece in a fidelty account that does that and it earns money... but not as much as the rest of the fund
i think the only way to make out is to sell over 100k in metals at a time
maybe i am wrong
i ask when i talk to the advisors and its always the YES we buy it back at fair prices....but you pay shipping and other fees.

 

[Talyn]

It took off because alot of silver will be used in all these data centers that are/ill be built, and due to inflation caused by the devaluation of the USD.

 

[Equalizer]

mom sells a TON of silver coins . she buys em at auction and might squeeze a few dollars in profit

my thing on buying actual physical gold, silver, etc
is when you need to turn them into cash.
you loose
most reputable vendors have a buy back clause that sounds ok, but once you pay shipping back to them and the other small fees you loose
if gold is 1500 an oz you might 1k per ounce
and it you try to sell them at a local place they gouge you
so i looked at securities backed by precious metals
i have a piece in a fidelty account that does that and it earns money... but not as much as the rest of the fund
i think the only way to make out is to sell over 100k in metals at a time
maybe i am wrong
i ask when i talk to the advisors and its always the YES we buy it back at fair prices....but you pay shipping and other fees.

 

[Musashi]

A bird in hand…
A store of value not a trade vehicle. Diversity is key.

 

[Ozarker]

A rise in gold and silver prices indicates market uncertainty. I can't eat either one, can't sleep in it, wear it to keep warm or dry, can't ride it, can't make a fire with it, but it sure attracts the gold diggers.

 

[Ethan Sackett]

Wished I had bought more back when it $18 an ounce. Krugerrands and Silver Eagles are up there now, still not selling though, might buy some 2026 eagles from west point mint with the eagle privy mark.

 

[Talyn]