Anyone on here buying or holding precious metals? I'm trying to learn.
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1NnjDhcC9qaoVwdJGv1TLK6nmNVrsTPK5T VerifiedI've been buying silver for a few years, usually at just a dollar or two over spot. The problem with silver now is the huge difference between the price and the spot as well as the lack of availability. Just get "off zero" as crypto people like to say.
“Just off zero“ means buy some, so you’re not at 0 precious metals held? I’ve actually never heard that before.
Yeah, that's exactly what I mean. Once you hold precious metal, you have skin in the game and will be more likely to invest more time learning.
Ima SLV wojack, feel free to hmu if you have any questions man, i might be able to help
Hey @127,
Do you think now is a good time to buy some silver, or should I wait for a bit. USD deflation may be coming. I think that may lower demand for PM in short term. Also, I’m considering the high spread between spot and actual price. So high!
You know, i think premiums should drop a bit if this corona bull mess subsides, so waiting might not be a bad ideer. I have been bag holding for a while & as a bag holder, make sure that your opportunity cost is aligned within your means. Good Q's m8!
overall tho I feel any time is a good time to buy SLV or GLD, and i am going to be 100 with you in that i suppose i am slightly biased. My gut feelings on SLV are that within 10 years it should make a big move to the upside.
Thanks man!
Why did you first get involved with PM?
How long have you been involved with PM?
Where do you see Gold and Silver going over the next couple years?
Being your own central bank in a fiat inflationary world is never a poor decision. Just have a plan, & explore different options. I did all my buying in 16/17 & i will probably look to buy more this summer. Keep your eye on the charts and miner revenues.
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