Silver

hairygrape
hairygrape

How do you even trade in silver?

TalkBomber
TalkBomber

that pic is so 5 mins ago

StonedTime
StonedTime

The precious metals fluctuate hard. Platinum can be down when gold is up, and gold can plummet when silver booms. Right now I'd put my money in platinum because I think silver is near peak.

whereismyname
whereismyname

@StonedTime
i think platinum is at peak too

Spazyfool
Spazyfool

@whereismyname

I dunno, it's been low iirc, but I haven't been watching it too recently.

Booteefool
Booteefool

I meant more like, the process of investing in metals, I found the other silver thread though and it's talked about there.

Though can someone explain the different ways of holding it?

I've hear the term silver certificates?

Harmless_Venom
Harmless_Venom

@hairygrape
buy the SLV etf, unless you want to buy the physical metal

haveahappyday
haveahappyday

@Booteefool
Certificates basically suck, because PM bugs think that in the happening a lot of the metal dealers will go bankrupt because they sell way more silver and gold than they can actually deliver.

So kinda the point of buying precious metals is to actually have them in your hand. Some certificate from some dealer might not be worth anything one day.

Max Keiser had a portfolio wiped out in a gold futures market during 2008 because his exchange went bankrupt

Inmate
Inmate

reminder to buy gold now

1348 as i am typing, 100+ since brexit

will hit 1400 and 1500 later 2016/early 2017

buy gold stocks

have a good day

Poker_Star
Poker_Star

@Inmate
It will be 1500 by the end of July

Gigastrength
Gigastrength

@Inmate
Stocks are different from certificates how?

Methshot
Methshot

@haveahappyday
So what's your method? Mostly or entirely metal in hand?

StonedTime
StonedTime

@Gigastrength
They aren't

You can debate that the happening will never happen, but if it does, sure your stocks can be deleted too, they don't even give you certificates anymore

None of that stuff is FDIC insured

VisualMaster
VisualMaster

@Gigastrength
Stocks are things like gold mining companies etc

GoogleCat
GoogleCat

@VisualMaster
ah, so not the metal head on but related business? makes sense.

Any good investment news site? publication?

@StonedTime
sure your stocks can be deleted too
Has it ever happened?

How worried are you and what precautions if any can you take?
Except I guess taking out profits and turning it into something like real estate... but that fluctuates too.

There's not really any 100% safe investment/holding is there?

Need_TLC
Need_TLC

@GoogleCat
well, I am not trying to make a case for the Ultimate Happening, but even minor happening will spike gold and silver, there is no counter-party risk, if you can store and secure it, you don't have to count on any other institution to uphold their promise to you, which basically all forms of digital and paper assets are.

Sure, you can sue the counter-party, but in bankruptcy law you could still lose money

5mileys
5mileys

I got about 10k in gold stocks right now. All of them in the money.

likme
likme

@GoogleCat
This is my portfolio

@5mileys
same man

Deadlyinx
Deadlyinx

feels funny, 5% in few hours again...

TreeEater
TreeEater

@likme
what site/broker is that?

PackManBrainlure
PackManBrainlure

@Deadlyinx
6,5 it is i mean.

Sharpcharm
Sharpcharm

@PackManBrainlure
fucking aussies are playing around.

SniperGod
SniperGod

@GoogleCat

if you can buy on swedish market i recommend nordic mines

currently 0.7 SEK/0.08 USD
they will open their gold mine again in finland within 1-3 months

it will go up to atleast 5 SEK/0.59 USD (it jumped 900% after pr about new ownership in 2015)

if the gold continues to climb it will go way beyond that since the company is now debt free, way less cashcost for extracting gold, new tech to get more gold from mining, they have access to currently unmined areas which are gold rich

anyway dont take my word for it read up on the company and you will see the potential that is there

VisualMaster
VisualMaster

@TreeEater
TD waterhouse

JunkTop
JunkTop

Own physical silver. Buy Silver / gold mining company stock. If shit does really hit the fan though you're going to want to own water, food, guns and ammo, camping gear, then silver/gold.

Nojokur
Nojokur

silver is dipping, what do

Need_TLC
Need_TLC

@Nojokur
its testing the 20, calm down, i noticed the same dip happened to gold, which means someone just sold a shitload of it.

Spamalot
Spamalot

@Need_TLC
okay cool

takes2long
takes2long

Fuck CFDs man, lost almost everything in like 3 seconds, and that is big money to me

Nude_Bikergirl
Nude_Bikergirl

@SniperGod
I am actually Swedish but very new to investment. How do I go about buying some?

Booteefool
Booteefool

@hairygrape
Making 2% gain over the course of 6 entire months

Why even bother

girlDog
girlDog

@Booteefool
i can't read chart
Why even bother

w8t4u
w8t4u

Silver etfs are more liquid. DBS SIVR SLV

I think pre-empting speculators is a good strategy.

Brexit for example was almost 50/50, it would be too risky to buy before brexit, but after the startling result speculators will all chime in and you can ride it up a little, you will then have to sell more promptly than the others. Probably too late now though, there is a risk once they realize most of the shock to the markets was speculation it may drop back down.

Soft_member
Soft_member

@Booteefool
2% is only over a very short interval, just look at the pricing from 14-20 in 6 months

Poker_Star
Poker_Star

22 is gonna break soon, if this keeps going like this. Not afraid yet, but somewhere before 25 i pretty much get off, i guess.
I wish there was a way to meme it there...

Gigastrength
Gigastrength

@Poker_Star
why do you think 22 will break soon?

Methshot
Methshot

@hairygrape
Futures.

lostmypassword
lostmypassword

@hairygrape

Retail investors can trade at bullionvault.com. They hold the metals for you in New York, London, Zurich, Singapore depending on which market you purchased it in and run a peer to peer exchange. Commission is 0.5% pet trade.

StonedTime
StonedTime

@lostmypassword
That's nuts.
$100 for the buy and the sell, or is that for each direction ($200 total)?

hairygrape
hairygrape

Mfw been stacking the ounces since December when people told me silver wasn't worth my time

Bless my shinies. It's looking to prod the 21 mark, but I think it'll dip down to around 18 again before pushing higher. Wait until that big dip before making any moves.

Illusionz
Illusionz

@Nude_Bikergirl

make an account on avanza

Need_TLC
Need_TLC

$20.60 an oz spot atm. Physical holders how do you plan to sell?

Ebay? Craigslist?

happy_sad
happy_sad

@Need_TLC
physical hoarders
selling
Selling? My golds and silvers?

Methshot
Methshot

@Need_TLC

You can sell directly back to dealers like APmex and Jmbullion for 90-95% of spot, so I might take that route. Or I'll check some of the local coin and billion shops and see what they're willing to offer.

Evil_kitten
Evil_kitten

@5mileys
@likme
same bro's

its good to see there are others

lostmypassword
lostmypassword

@Need_TLC
not just yet $24 is my goal min

JunkTop
JunkTop

@likme
ORT

My bro, I got 6900 shares in that too.

Can't wait for the plant to fire up and start producing that sweet sweet HPA and other rare earth metals.

Spazyfool
Spazyfool

@SniperGod
Is that "Nordic Mining", ticker "NOMO" on the Stockholm Exchange?

Harmless_Venom
Harmless_Venom

Just an FYI JP Morgan has been stocking up on silver for the last few years.

Inb4 market flood.

Fried_Sushi
Fried_Sushi

@lostmypassword
Mine is $600+

Evil_kitten
Evil_kitten

@Spazyfool

its NOMI

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