I've quite a bit of silver myself. Still bullish on it. But two comments.
1:The rise in silver is really reflecting our rapidly inflating currencies. Silver is money, and
2: You can compare silver to the Dow Jones, but often, the real money made in stocks is not made by buy and hold like it is in precious metals. I make a great deal more on the stocks I trade (>30%/year) which is why I diversify, and only use silver/gold as a safe haven. They have real value, but less growth.
There is manipulation of gold and silver prices. In fact, tomorrow we will release our weekly video blog which talks about that very issue and explains how the manipulation takes place.
You have hit another point on the head. Many silver investors plan on holding their stockpile for 5 to 10 years or longer. Consequentially, while their silver cannot officially be classified as non-recoverable, it effectively is the same. So I would definitely agree with your assertion.
Josh, another consideration of non-recoverable silver is the stacker market. People like myself by ASE's and store them for many many years. These might as well be considered non-recoverable because they will only be sold when the price is insanely high. ASE's are beautifull coins and with the premiums paid on each, I don't see too many of them being melted down. Am i wrong to think of most of the ASE market non-recoverable?
I've quite a bit of silver myself. Still bullish on it. But two comments.
1:The rise in silver is really reflecting our rapidly inflating currencies. Silver is money, and
2: You can compare silver to the Dow Jones, but often, the real money made in stocks is not made by buy and hold like it is in precious metals. I make a great deal more on the stocks I trade (>30%/year) which is why I diversify, and only use silver/gold as a safe haven. They have real value, but less growth.
matthewbrewerinc 1 week ago
There is manipulation of gold and silver prices. In fact, tomorrow we will release our weekly video blog which talks about that very issue and explains how the manipulation takes place.
JoshPaulRenfro 2 weeks ago
IF THAT'S THE POINT WHY SILVER IS STILL CHEAP??? MANIPULATED? UNTIL WHEN WILL IT BE MANIPULATED?
TheSilverlover999 2 weeks ago
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sarasotafl 1 month ago
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sarasotafl 1 month ago
You have hit another point on the head. Many silver investors plan on holding their stockpile for 5 to 10 years or longer. Consequentially, while their silver cannot officially be classified as non-recoverable, it effectively is the same. So I would definitely agree with your assertion.
JoshPaulRenfro 1 month ago
@JoshPaulRenfro Great points! Thanks for sharing
drchen054 1 month ago
Josh, another consideration of non-recoverable silver is the stacker market. People like myself by ASE's and store them for many many years. These might as well be considered non-recoverable because they will only be sold when the price is insanely high. ASE's are beautifull coins and with the premiums paid on each, I don't see too many of them being melted down. Am i wrong to think of most of the ASE market non-recoverable?
ElixirLiquid1 1 month ago