I will add to the above that I also understand that Morgan's are not a true ounce of .999%.
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I will add to the above that I also understand that Morgan's are not a true ounce of .999%.
Sent from somewhere
So how does this play out for people with physical bullion? Should one consider selling if it triples? Maybe more? Hold it? I don't see silver prices staying high if this happens. Am I wrong?Quote:
Originally Posted by tactical_2012
I mean, it's a possibility this week may bump silver a percentage that has taken decades typically. I think silver high was 2011 of around $49 (I think 1980 was in there somewhere too). In any case, if it triples tomorrow, that BLOWS the historic high out of the water (not considering inflation obviously).
If you look at today's price of $27, that's triple the 2005 high of about $9. 15+ years. Silver has never passed $50. Even if it doubles this week that's a historic high. To sell or not too sell if it doubles? Or wait for it to go higher? Or hold only for it to be right at $27 again 10 years into the future? Holding silver for decades doesn't seem to get you much return unless you happened to sell on one of the 2 major spikes.
At 27.44/oz Silver, Morgan dollars are worth 21.22
90% silver alloy.... .77 troyoz
ThanksQuote:
Originally Posted by 20X11
Sent from somewhere
YesQuote:
Originally Posted by hollohas
And we're off and running
https://www.kitco.com/market/
Opened up $1.71
Warning on WSB about not "squeezing" $SLV:
https://www.reddit.com/r/wallstreetb...er_of_slv_its/
https://i.redd.it/iltzmggybpe61.jpg
Ha. Was wondering when the hedge funds would use this investing mob to push things in their favor or at least jump on the bandwagon which appears to be what citadel did here buying a bunch of SLV.
Too bad I sold all my SLV over the summer.