Anyone buying silver?

[TexasHusker]

Charts make it appear the SLV has formed a decent base with a lot of upside potential in 2017.

I'm thinking of buying more silver Buffaloes. Anyone else buying right now?

[greenskeeper]

Yes. Have been buying physical silver since 2000. Big upside and it's "off the books" if I ever decided to cash out.

I have also been buying 10 silver eagles for each of my children every year, so that on their 18 birthday I will give them 180 oz of silver for them to do what they want with (hold on or cash out).

Someday the S/G ratio will normalize and silver will get a big push.

[james.hendrickson]

Greens - how are you buying it? Online? Brick and mortar?

[greenskeeper]

apmex.com

[Mouse]

I started silver/gold when it was at its highest

havent purchased any in a while but I will probably start adding that to my budget as well again.

[corn18]

Precious metals is definitely the way to go.

[TexasHusker]

Precious metals is definitely the way to go.

The way you make money in metals is by trading them. Buy low, sell high, rinse, lather, repeat.

[97guns]

I started buying in 2009 when silver was $16 and gold $1200, right now I'm having to sell some silver to fund a project. I'm not super pressed for funds so I sell on eBay, I list so I clear $18/oz and am selling around 40oz a week at this inflated price.

People are willing to pay $20/oz for "rare" stuff

[corn18]

The way you make money in metals is by trading them. Buy low, sell high, rinse, lather, repeat.

Got it. It's just that easy, is it?

[MooseBucks]

The way you make money in metals is by trading them. Buy low, sell high, rinse, lather, repeat.

Got it. It's just that easy, is it?

Just the like the stock market or any investment. Easy peasy lemon squeezy.

[TexasHusker]

Got it. It's just that easy, is it?

If you take a medium term view, absolutely. Metals are rarely a short term play, and are a poor long term play. They gyrate up and down, however, over different cycles, which makes them prime for trading. Geopolitics, recessions, market crashes, and even natural disasters give fuel to the gyrations of metals and other natural resources. This is why world banks routinely accumulate, and then later liquidate, various metals holdings.

Stocks are a completely different animal - you aren't trading an object, you are trading a sliver of a company. Companies come and go, with many unpredictable measures involved.

An effective trading instrument is a static commodity in which the demand flucuates with some regularity. The U.S. dollar is a similar play in some respects. I used to dabble in trading foreign currencies (arbitrage), and made decent money. I got bored with it.

On the other hand, I blew $50Kin six months once, day trading S&P 100 options (OEX). Great fun, and the good days were really good, but I obviously had to quit that habit.

[msomnipotent]

I've been buying silver off and on for about 20 years. I remember my father and husband were mad that I bought several silver dollars for $11/oz once. Silly woman SO overpaid! I don't have a lot anymore since we had to sell everything when my husband nearly bankrupted us, but we are slowly rebuilding on the dips. And my daughter gets silver in her Christmas stocking since she doesn't eat candy.

I don't limit myself to coins. I used to buy a lot of filthy sterling antique pieces at auction and double my money (or more) on ebay once I cleaned them. I also prefer bars to coins, mainly because "I have some silver bars" sounds so much more wealthier than "I have some silver coins".

[sv2007]

Historically silver is really volatile, much more so than gold.

[sv2007]

The way you make money in metals is by trading them. Buy low, sell high, rinse, lather, repeat.

I think if anybody buy/sell often, then the overhead is a lot less going the futures or ETF equity vs. holding the actual stuff like silve buffaloes. Like FOREX trading is a lot cheaper than exchanging actual currency.

Less overhead = higher return.

[greenskeeper]

The way you make money in metals is by trading them. Buy low, sell high, rinse, lather, repeat.

I'm buying and holding for 30+ years, unless the big ratio correct comes early.