let's talk silver Veeky Forumsbros.
what will happen monday morning, will the price drop a bit or go up to 20.XX ? any news on any bigtime investors cornering the silver market ?
like many others in here who believe in precious metals, last week I made a good sum of money out of the recent price appreciation. bought it at 15, sold half of what i have at 18.
give us your predictions.
During the last runup in the late 2000's I bought mid cycle (19's) and sold early (around 24's). It continued going up to the 40's while I watched like a moron.
So the a answer is yes, I will buy some very soon. I don't know yet how long I will hold though.
Where to buy silver in the UK?
i bought at 15 and you know what's funny? i can't sell at profit at 20. physical is so cumbersome.
Kek, still have one chinese 1 oz coin i bought for about 35 Euro. It serves as my reminder. (also collectibles)
>buy low sell high.
but in case of physical metals buy very low and sell extreme high or get fucked
Yeah absolutly i dont think it is a reasonable strategie for trading. But physical makes for a nice inheritance for your kids. :^)
Location? Places like the UK are fucked for physical investments...
why tho? is there noone that buys silver slightly under market price?
buying physical comes with lots of costs and premium.
usually when you want to sell quick ie not for a private investor they only pay somewhat below spot.
which means there is a 20-25% overhead on it and you have to pay taxes after your gains and in case of silver there is vat at a lot of places. so the costs trading physical can take up to 50% overall in extreme cases.