General Discussion

Jack Valentino

(4,330 posts)

63. I used to HAVE some physical silver--- but sold it off

Mon Dec 29, 2025, 01:27 AM

Monday

when I still had a car running, and it had reached a high price (I thought)
which was about one-third of THIS high--- LOL I kick myself,
but I had no other choice at the time....

So now, when I have no owned transportation,
the ETFs would seem a better option to purchase any position in silver
(and more based upon the spot price, without premiums for physical ownership)

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SOMETHING is going on in the market. Re: precious metals. [View all] LuckyCharms Dec 28 OP

I noticed this as well. Those of us below the top 1% are just held captive to the PTB forces... hlthe2b Dec 28 #1

I've been stacking silver since it was $4.00 an ounce... LuckyCharms Dec 28 #3

"hard crash"..... anciano Dec 28 #8

Sell some...nobody has ever lost money taking profit😁 Melon Dec 28 #14

I'm struggling with that decision... LuckyCharms Dec 28 #16

Then I'd hold onto that. A lot of the gold we bought in the 60s in Thailand was high carat and low level design ... marble falls Dec 28 #27

Be back later. LuckyCharms Dec 28 #28

Hold on Katcat Dec 28 #36

What the hell! Are we filming Ocean's 2???? marble falls Dec 28 #56

Dammit. I need to learn discretion. I got a cat. I hope you're allergic. marble falls Dec 28 #55

. LuckyCharms Dec 28 #57

Thinking the U.S. dollar is losing value... Dan Dec 28 #2

Yes. LuckyCharms Dec 28 #4

10% over the last year. By design likely. It will erode further on rate drops. Melon Dec 28 #29

He's out to surpass Reagan's Stagflation - dead economy with rising prices. He'll be down at the mint with a ... marble falls Dec 28 #58

Likely trying to deflate dollar value to help exports Melon Dec 28 #62

Not impossible. DFW Monday #66

Yes and the rising number of countries joining BCRICS for trade currency is weakening the US Bev54 Dec 28 #38

Relative to what? Bluetus Dec 28 #41

It's global data centers and electronics. Silver is a long time artificially suppressed price market Melon Dec 28 #5

Do you think graphene will someday serve as a replacement for silver in LuckyCharms Dec 28 #9

I really don't know. I only follow silver becomes of some Melon Dec 28 #12

I'm reminded of the Hunt brothers' foray into the silver market..... lastlib Dec 28 #40

Likely A Goal ProfessorGAC Dec 28 #34

Batteries are also driving silver up madville Dec 28 #51

Good article from CBS LogDog75 Dec 28 #6

Yes, they say to hold no more than 5% of your portfolio in metals... LuckyCharms Dec 28 #11

For decades, that was the standard line DFW Monday #67

I read this morning Elon Musk pushing cyber currency. What does he need for his doc03 Dec 28 #39

When you consider Bitcoin is at tens of thousands applegrove Dec 28 #7

But then again, you can buy fractional bitcoin. LuckyCharms Dec 28 #10

The difference is bitcoin is scarce Iwasthere Dec 28 #30

It's not scarce when it can divided into infinitesimally small amounts RazorbackExpat Monday #70

You can buy fractional silver and gold etf's. Melon Dec 28 #31

SILVER has strong industrial applications, especially in electronics-- Jack Valentino Dec 28 #13

Have you considered stacking physical silver? LuckyCharms Dec 28 #15

That's what my husband is into catchnrelease Dec 28 #35

I used to HAVE some physical silver--- but sold it off Jack Valentino Monday #63

Gold also has application in electronics. lastlib Dec 28 #43

Silver demand will continue growing because of batteries madville Dec 28 #52

some more info re: gold/silver... ret5hd Dec 28 #17

Yes, I'm just starting to read about China stopping silver exports on 1/1/26. LuckyCharms Dec 28 #19

Mexico is the largest silver producer in the world more than doc03 Dec 28 #48

Peter Schiff with Kitco UpInArms Dec 28 #18

Yes! I keep catching hints of this... LuckyCharms Dec 28 #20

By the time the poors are aware of price movements superpatriotman Dec 28 #21

True... LuckyCharms Dec 28 #23

For those considering selling their gold: ret5hd Dec 28 #22

++++++++ Exactly right. LuckyCharms Dec 28 #24

I saw that this morning. I have a little horde of silver bits and pieces I've been saving to cash in and it looks like Vinca Dec 28 #25

"Perceived" is the key word. marble falls Dec 28 #26

What are you referencing? Melon Monday #64

Second time today. A post shows up not in the OP I'm looking at. marble falls Monday #71

I'm looking for real estate market to break. multigraincracker Dec 28 #32

Personally, I don't care all that much about the real estate market RetiredParatrooper Dec 28 #42

Same here. More worried about the stock market. multigraincracker Dec 28 #50

Folks... this house of cards built by Trump is about to fall ashredux Dec 28 #33

Why is bitcoin dropping while silver is climbing? flamingdem Dec 28 #37

People could be cashing out some of their cryptocurrency Mosby Dec 28 #44

I wish I could do the same flamingdem Dec 28 #46

Probably some people that know that Bitcoin is going to come crashing down and the economy with it and are looking to.. yourout Dec 28 #53

Because ruthless hedge funds use bitcoin like a plaything to meet margin collateral requirements. LuckyCharms Dec 28 #61

That's super interesting flamingdem Tuesday #76

I have some gold and silver but I am 78 years old I am just holding it doc03 Dec 28 #45

This message was self-deleted by its author Mosby Dec 28 #47

They are using more silver in batteries madville Dec 28 #49

It's over 83 now. Mosby Dec 28 #54

It is nuts!!! LuckyCharms Dec 28 #59

People expect a dollar debasement SamuelTheThird Dec 28 #60

It's supply and demand. AI and electronics are causing more demand than world supply. Melon Monday #65

In the Mexican state of Guerrero DFW Monday #69

Both took a breather this morning DFW Monday #68

Thanks DFW...biggest one day percentage drop I've seen in awhile. LuckyCharms Monday #72

Gold dropped another $100 today DFW Tuesday #74

Silver is back up to $77. Mosby Tuesday #75

I wish this was me. Mosby Monday #73