Investing General Discussion

Fogel

Fogel

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Arden said:
Ok, awesome thanks. So I'm gathering people typically don't put in buy orders during the weekend. They pretty much always wait and see what the market looks like premarket Monday. Wish I was still on the East Coast.
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Even when the market opens at 9:30 am, the first half hour to an hour of market open usually sees a lot of volatility, so could even wait a bit to see which direction the price is going before you set your order
 
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Locnar

Locnar

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Gravel said:
Right, but where do you sell physical silver? Especially in coin form.
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I've used apmex and provident. provident got me better prices

if its just worth the silver content (i.e. not a collector special coin) then I think the big brokers like apmex, provident, kitco, etc are the best way to go. You do it over the phone, they email you a shipping label and off it goes. And they pay you straight to your bank account.
 
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Locnar

Locnar

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Jackie Treehorn said:
Holy shit, I was messing around with my Fidelity account...my company's 401k is 100 percent available to put into Brokeragelink (self directed.)

I'm gonna SPAC the fuck out of it. I would have done this a long time ago if I'd known.
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yep same, and found out way too late.
 
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Locnar

Locnar

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so what is all this silver talk. Of course I sold a shitton of it earlier in the year when it was around 25. Looks like its around 27 now. There is going to be a rush on silver? lol or $AG?
 
Jackie Treehorn

Jackie Treehorn

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Locnar said:
so what is all this silver talk. Of course I sold a shitton of it earlier in the year when it was around 25. Looks like its around 27 now. There is going to be a rush on silver? lol or $AG?
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It's the next big thing (TM)

Everyone is talking about a coordinated buyup of silver stocks like SLV.

www.thestreet.com

Is Silver The Next Target For The GameStop Traders?

Chatter on the Reddit boards suggests that silver ETFs, such as SLV and SILJ, are at least on the radar.
www.thestreet.com www.thestreet.com

markets.businessinsider.com

Reddit day traders look to silver as the next short-squeeze after being restricted from hot stocks

Spot silver prices, the iShares Silver Trust ETF, and individual precious metals stocks are rising today after WallStreetBets found a new target.
markets.businessinsider.com markets.businessinsider.com

Just search "silver" on Reddit also, bit of mania about it at the moment. Will be interesting to see how it affects spot prices. I dunno if physical silver is gonna do anything amazing, but I'd like to have a handful of physical investments lying around anyway.
 
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Sanrith Descartes

Sanrith Descartes

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Jackie Treehorn said:
It's Sanrith at 9:00!

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preach GIF
 
Arden

Arden

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Silver just a distraction from GME according to WSB. "Hedge fund people" throwing it out there to water down the buying power of reddit and weaken their GME position.

Frankly, even if that's true, SLV will still get a big boost Monday I bet. If it isn't true, SLV will also get a big boost Monday.
 
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Jackie Treehorn

Jackie Treehorn

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Arden said:
Silver just a distraction from GME according to WSB. "Hedge fund people" throwing it out there to water down the buying power of reddit and weaken their GME position.

Frankly, even if that's true, SLV will still get a big boost Monday I bet. If it isn't true, SLV will also get a big boost Monday.
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Virtually everything is propaganda at this point. So buy on the predicted hype of things.

Like you said, SLV is gonna take off either way. If physical silver doesn’t go anywhere I’ll keep my three kilos for long term.
 
bytes

bytes

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Jackie Treehorn said:
Virtually everything is propaganda at this point. So buy on the predicted hype of things.

Like you said, SLV is gonna take off either way.
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After looking at this again, why would this be the case? GME worked because of the short squeeze and the hedge funds involved. Silver is just...silver. Do people really expect SLV will be five times its current value by the end of next week, because people on Reddit are talking about it?
 
Arden

Arden

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bytes said:
After looking at this again, why would this be the case? GME worked because of the short squeeze and the hedge funds involved. Silver is just...silver. Do people really expect SLV will be five times its current value by the end of next week, because people on Reddit are talking about it?
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Who knows? There's a theory behind the valuation of silver and how manipulated it is that is the basis for why it can be driven up.

But again, I don't think that matters. I didn't even pay attention to the explanation. If it only doubles in value due to a ton of interest that still seems worth it. Who knows why doge went up 600% when it is ostensibly a worthless crypto. Either way I more than doubled my account in a day.
 
Fogel

Fogel

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doge went up because it was the the only thing RH could trade on thursday and friday, and you can trade crypto on the weekend as well
 
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Kiroy

Kiroy

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Fogel said:
doge went up because it was the the only thing RH could trade on thursday and friday, and you can trade crypto on the weekend as well
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doge went up because of memery and then elon tweeted a dog picture which skyrocketed it and kept it steady - next week, or the week after, it will be worth nothing
 
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