Do people actually think the stock market is legit? I mean here we see they are daytrading metal. No metal ever exchanged hands, is this even a market? Seems metal is not really being bought or sold so how does this equate to the actual value of physical silver?
It's just ran up to 120USD! why didn't you sell when it was over 100USD, then you would be happy. It was literally a once in a decade or even generation run up in a industrial metal.
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1MxVGg8spimKZEc4uj4NgriR39XVk4L54H UnverifiedI buy physical silver to force me to save my money, mostly bought at around $20 years ago. If i need to sell I will, but if not my grandkids will inherit. the post was mostly about how some things probably shouldnt be day traded , Is there really a reason other than greed for it to happen?
Fair take, though (as Rick Rule) I consider silver as speculation, w/ gold being a better savings item (smaller weight/bulk, silver bulk is annoying). Also, silver ETF are click-sell fast for locking in gains, but META/GOOG/AAPL significantly outperformed silver and I would trade a stash of silver from 2012 for any of those, would be a fool not to.
Agree , I don’t trade stocks though spent too much time trading crypto and stocks years ago. And locking value in metals in a safe to retain spending power for later years. Not trying to break records just think keeping fiat on May bank account never worked well for me