barrytrot wrote:In the last hour or so gold/silver has really spiked up. Silver's up 40 cents on the day and over a quarter over $17.
Is this a sign of a final bottom being found or just more dead-cat-bouncing?
Recyclersteve wrote:Let's see... A 2% move up after a 66% or so move down. Also, keep in mind that a 66% move down is roughly the same as a 200% move up. I haven't seen anything exciting yet.
henrysmedford wrote:Happy day right now.
barrytrot wrote:93_Confirmed, most people want metals to rise. Rising is therefore good
brian0918 wrote:barrytrot wrote:93_Confirmed, most people want metals to rise. Rising is therefore good
It's only good if you're planning to dump PMs for the dollar and feel "wealthier". I want them to go down, so I can afford them.
barrytrot wrote:brian0918 wrote:barrytrot wrote:93_Confirmed, most people want metals to rise. Rising is therefore good
It's only good if you're planning to dump PMs for the dollar and feel "wealthier". I want them to go down, so I can afford them.
Ironically you base their going down on the DOLLAR but not their going up.
barrytrot wrote:93_Confirmed, most people want metals to rise. Rising is therefore good
68Camaro wrote:...If you don't have your silver now, don't count on being able to get it during any market turmoil...
68Camaro wrote:93 - not sure what you're base measurement is but compared to overnight minimum it's up 4.8%.
barrytrot wrote:It seems to me that one of the "paper silver" ETFs has the option of them actually allocating silver at their warehouse if you do certain things with a certain quantity.
Does any one know the specifics on this?
68Camaro wrote:barrytrot wrote:It seems to me that one of the "paper silver" ETFs has the option of them actually allocating silver at their warehouse if you do certain things with a certain quantity.
Does any one know the specifics on this?
PSLV (you might recall) is Sprott's physical silver paper, 100% backed at their warehouse, and within their rules (I believe integer numbers of 1000 oz bars) you have the right to redeem your shares for the physical it represents.
Central Fund of Canada also has a physically backed silver-only fund (as well as gold, and gold/silver combo funds) but I don't recall that it is redeemable.
.
brian0918 wrote:How would redemption work if your shares are through an IRA? Any early withdrawal to currency has penalties and taxes. What about withdrawal to non-currency?
Return to Silver Bullion, Gold, & other Bullion Metals
Users browsing this forum: No registered users and 116 guests