2019 May 22, 4:08am
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there are better alternatives for inflation hedge that includes stock indexes, commodities, RE, TIPs etc.
Gold to silver ratio is 88. One of them has to give soon, but which one...
Anyone here think silver is a solid buy right now? I've been watching the trends and now seems like a decent time... Curious what others think.
Silver is just not exciting.
When my shares of AAPL split 7:1 I wondered if my friend's coins ever multiplied themselves in his safe.
My unrealized gain is gigantic; my friend's loss is only huge since he bought silver for $45+ , he's way underwater on his gamble on silver.I won't sell shares of AAPL until I'm older.
But a rise to $200/oz will of course mean the fiat economy has tanked.
Either way, silver is real money unlike fiat currency or bitcoin whose only value is belief.
Silver is not money or financial asset.
Worse, he has a gigantic "opportunity cost" which is lost dividends, capital gains, and interest.
I will have made a fortune in stocks with capital gains and dividends. I also own a high yield bond fund which makes interest and some funds that focus on dividend growth stocks.
He bought his silver using money which was more valuable than today
If Trump is re-elected, the economy will keep on chugging and possibly keep improving, and silver may fall further.
You see unlike dollars, you can't print more silver, so it doesn't lose value.
But you can MINE silver to get more of it, and it’s much less useful in industry than gold, so it’s not used up as fast.
If nothing about the economy has fundamentally changed(it has not), why does it matter who sits in the Oval Office?
I think a good wealth portfolio should have precious metals as a hedge.
Look, if you buy some silver now at this low, and have ten years to wait, you’ll probably make some money. It may go up in two depending on if Trump is elected again. If a Democrat unseats him, the market will nosedive and silver will rise. If Trump is re-elected, the economy will keep on chugging and possibly keep improving, and silver may fall further.This, I foresee. Place your bets, people!