You make an excellent point about taking advantage of the price swings, that is the biggest frustration with playing the buy and hold waiting game - but it sounds like you have figured out a balanced approach to making use of those swings. Just out of curiosity, which broker do you use for this strategy?
Great video. My question is about what you say at 1:22- you say "transfer that silver into something". This question has confused me for months now- if gold and silver is traded in US $, and the dollar is going down the drain into worthlessness, what is the real benefit in selling your silver/gold in the future if you get worthless US$ in return? Thx
That's exactly my point. You wouldn't want to trade your Silver for dollars since the dollar's demise is what will have caused Silver to rise that high in the first place then you have to trade your "real" Silver for something else "real" such as Real Estate. If you have a mortgage your mortgage cannot rise in price but your Silver will! Just keep buying until you have enough to pay it off. Then you will be keeping that mortgage payment as part of an early retirement.
Using the price increase in silver to buy/pay off real Estate is a great idea?
Do you mean just trade physical silver for a piece of real estate?
If I have a mortgage already, I would have to convert the silver to dollars and then pay the mortgage. OH. So, get a mortgage "before" Inflation devalues the dollar and silver goes up? since mortgage payments won't rise. But, I will get more DOLLARS for my silver in the coming years. Am i right? what other stuff will sivler help me pay for?
If you already have a mortgage the then you are in good shape and can wait for Silver to rise and pay it off. I would not buy real estate yet as it will fall even with inflation. At some point I will have enough Silver to buy a house outright.
Thanks for all the replies. Are you sure that Gold is used more in irreclaimable products when Silver is more conductive and much cheaper? I know that Silver has about 10,000 uses.
its basically a speculative strategy... which is fine if you know what you're doing... most people don't know trading or TA.
Looking forward to future vids... I am out of the paper market cause I have enough physical (and if the price stays low I'll keep getting more).
So for me - the price can take off any time and I won't feel I missed the boat... others might not be in the same position, but still - have to be careful not to do your dough on paper trading when it could be used to buy real.
Yes that is why I suggest having at least as much physical as paper. you do have to be careful and I know it is an aggressive strategy. I just got frustrated when the price dropped from 20 to 9. But then again when the price stays low we can accumulate even more. I'm hoping to have at least 5000 physical before it really takes off. Thanks for the reply.
tradergee, I have never shorted anything in the stock market. However, I have owned ETF's. I do not own any right now.
I might be interested in your ETF/physical strategy, but, I absolutely do not know how to short an ETF and protect the extent of my losses.
I hear about PUTS and Covering Shorts on CNBC, but, I do not understand.
Please explain how to Short and protect the silver ETF? Thanks.
Clarissa2424 2 years ago
I short the SLV via ZSL which is short Silver. buying an inverse fund is safer than just shorting a stock.
tradergee1 2 years ago
Using your strategy i think you will get to your 5000oz goal.
I'm at 1700oz now....my initial goal was 2000.......now i'm thinking 3000?
Btw do you have any gold? Or are you just Silver.
dojufitz 3 years ago
I only have Silver because if Gold does rise Silver will outperform.
tradergee1 3 years ago
You make an excellent point about taking advantage of the price swings, that is the biggest frustration with playing the buy and hold waiting game - but it sounds like you have figured out a balanced approach to making use of those swings. Just out of curiosity, which broker do you use for this strategy?
artdeco101010 3 years ago
Great video. My question is about what you say at 1:22- you say "transfer that silver into something". This question has confused me for months now- if gold and silver is traded in US $, and the dollar is going down the drain into worthlessness, what is the real benefit in selling your silver/gold in the future if you get worthless US$ in return? Thx
malumalumalu 3 years ago
That's exactly my point. You wouldn't want to trade your Silver for dollars since the dollar's demise is what will have caused Silver to rise that high in the first place then you have to trade your "real" Silver for something else "real" such as Real Estate. If you have a mortgage your mortgage cannot rise in price but your Silver will! Just keep buying until you have enough to pay it off. Then you will be keeping that mortgage payment as part of an early retirement.
tradergee1 3 years ago
Using the price increase in silver to buy/pay off real Estate is a great idea?
Do you mean just trade physical silver for a piece of real estate?
If I have a mortgage already, I would have to convert the silver to dollars and then pay the mortgage. OH. So, get a mortgage "before" Inflation devalues the dollar and silver goes up? since mortgage payments won't rise. But, I will get more DOLLARS for my silver in the coming years. Am i right? what other stuff will sivler help me pay for?
Clarissa2424 2 years ago
If you already have a mortgage the then you are in good shape and can wait for Silver to rise and pay it off. I would not buy real estate yet as it will fall even with inflation. At some point I will have enough Silver to buy a house outright.
tradergee1 2 years ago
Fantastic video,
Thanks for the strategy... sounds like a winner.
lokir 3 years ago
Thanks for all the replies. Are you sure that Gold is used more in irreclaimable products when Silver is more conductive and much cheaper? I know that Silver has about 10,000 uses.
tradergee1 3 years ago
I can't believe this only got my Five stars and a couple of comments.
I think I understand and I never looked at an ETF like that. Interesting.
I've got 300 oz and my goals is 1000.
Talk about speculation...if Gold shadows the Dow as Schiff is predicting and the S to G ratio moves towards 10:1...yeehaw.
Frequencitee 3 years ago
I've been doing this very thing for the last 3years. It's working like dynamite.
thirstybullet 3 years ago
Hey thanks for the validation. sometimes my Ideas are out there. Lets trade notes soon! I expect to be selling my long position soon. stay tuned.
tradergee1 3 years ago
its basically a speculative strategy... which is fine if you know what you're doing... most people don't know trading or TA.
Looking forward to future vids... I am out of the paper market cause I have enough physical (and if the price stays low I'll keep getting more).
So for me - the price can take off any time and I won't feel I missed the boat... others might not be in the same position, but still - have to be careful not to do your dough on paper trading when it could be used to buy real.
stellaconcepts 3 years ago
Yes that is why I suggest having at least as much physical as paper. you do have to be careful and I know it is an aggressive strategy. I just got frustrated when the price dropped from 20 to 9. But then again when the price stays low we can accumulate even more. I'm hoping to have at least 5000 physical before it really takes off. Thanks for the reply.
tradergee1 3 years ago