Winchester hasn’t made a good rifle in 40 years. If you had a new in box Model 70 Featherlight in you gun safe from 1980 or so, what would you ask for it?
OT : Spot Silver now over $80 an ounce
- Thread starter 85Bears
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I’ve been on a precious metals play since Spring ‘25. My portfolio is up 86% as of yesterday. And the silver mix is by far the strongest earner (amongst gold, platinum, copper and uranium).
This isn't speculative. There's a limit to yearly mining production, and we've reached it. Samsung supposedly has a new EV silver core battery that will consume 19% of yearly capacity, and a Chinese competitor will be about the same. Silver's used in virtually all electronics. Any uptick in production there, combined with new silver batteries, plus people trying to buy to hedge against USD devaluation means there's nothing that will make it go down.
Hell, Costco last week limited silver ounce bars to one per customer.
I bought physical gold and silver during 2001-2004, but lately I just invest in GLD and SLV ETFs. They've done extremely well.
People saying it's peaking are ignoring market conditions.
I used to try to short the USD with ultrashort BS like TBT ultrashort. These fundamentally suck due to the fact they compare USD value to other central bank currencies--and the USD in this bizarre context holds value.
Silver comex spot will be $150 by March. Only thing to beware with ETFs for tracking wholesale for precious metals is the IRS shitheads treat it as ornamental/collectible, so cashing out could mean 28% capital gains even after a year.
I'm not selling it. My GLD positions from 2009 have returned over 365%. SLV is 199% in the past year.
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Don't buy numismatic collectibles. Buy bullion. You pay a premium for the BS "collectible" factor on pirate coins, but bullion sells for wholesale. Plus you pay wholesale.
Meanwhile, how much did that Winchester cost then in USD vs now? Metals have retained relative value.
Silver is THE short to medium-term play, and we're nowhere near the top.
I get that what gold and silver are doing right now is great but historically it’s not a good investment compared to a balanced portfolio or a balanced fund. I own physical silver, not as an investment but as a hedge against a total societal collapse. Gold and silver will always have bartering value while stocks, bonds, and mutual funds only have value as long as we as a society believe they do.
I do the same. I have physical gold and silver for the zombie apocalypse. But I love precious metal ETFs in my IRA, along with conventional funds.
Me personally, I’m holding. I don’t see any scenario where the printing presses stop and the dollar regains value. A currency reset/digital currency is the end game.
My FIL is big into silver/gold. He told me that it would be over 150 by summer. Sounds hard to believe but he told me in September it would be over 90 by the end of the year and I was skeptical.
Exactly. The current Fed is the THIRD national bank, and it's going to suffer the same inevitable fate.
It’s really crazy, if silver hits 200-300 dollars an ounce……hard to imagine. Lots of regular folks have old silver dollars laying around. Banks a few years ago still had 40% silver half dollars in their rolls.
Both of those ceased to exist simply because their respective charter was not renewed due to political bickering. That can't happen with the Fed.
Yeah, we missed that chance in 2013. But there comes a point where losing 96% of the value of the USD impairs Fed credibility to the point that it collapses.
My parents bought a bunch of silver coins 10 years ago. Dad died 3 years ago and Mom is an assisted living facility with dementia. I have a POA for my mom so I can make financial decisions. Should I sell the silver for her? Where would I even take the coins?
A lot of pawn shops and jewelry stores will buy it but be warned they can take a pretty good cut out of it.
See what % of spot they give you. They should buy as close to spot as possible, I would not sell for much Below spot. In fact since it’s going straight upwards I am not selling at all right now.
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Look what my dad just sent me to ask what was going on with silver. Apparently he picked this up Christmas '93 - someone traded it + some cash for a 1985 Oldsmobile at the time. He had forgotten about it until I told him that pre '64 quarters might be worth $15.
