Silver anyone?
 

Silver has been killing it lately. I am up 500% on USLVF, bought at $40.
Now I wish I had put all my cash on it...Anyone else benefiting form silver rise?

http://forums.pelicanparts.com/uploa...1596753508.png

Yes,
I’m at the point where I feel uncomfortable talking about it online.

Nope...I am in at utilities.
Great dividends....will never fail...30 years in and every year has been great.

Silver is now taking $1-2/day like clockwork, and Peter Schiff says the next resistance is at $50.
That will be sweet on a 3x ETF :D.

I have some gold and silver, but mostly just because its fun to know I have some, won't ever get rich off it.

Now dividends...I started focusing on dividend growth stocks exclusively about 2 years ago, and I've yet to find a downside. My portfolio lost a good chunk of value in March like everyone else, the only difference was I really didn't care. My dividends continued to roll in, and be re-invested at great prices. The market has recovered well and the dividends keep rolling in, like clockwork.

It's like having the benefit of a rental house, without the downside of dealing with renters.

Be careful with that thing. It can drop faster than a $10 whores panties.

True. And since they moved it to OTC, I cannot put a stop loss on it. But I am still gonna ride that piggie until she squeals ;).

Has anyone heard of a utility going under? Very rare if ever.
The one I bought into has tripled in price and the dividends keep coming every quarter.
Best investment I've ever made.

Which one?
I totally agree, for wealth preservation and income generation those are better.
Here, I am still in my aggressive wealth building phase.

Pg&e

^^^ CMS...I initially bought it at $7- $8 a share. The stock kept going up every year with dividends. Now it's at $61 a share with a 5% dividend paid every quarter. I re-invested the dividends every quarter and now have 2K shares. A very nice investment.

sorry..was meant as an answer to Aurel

Bingo! It was trading at $70 three years ago.

https://www.google.com/search?client=firefox-b-1-e&q=PG%26E+stocl+chart

Silver is great if you have fun money to throw at it. A totally speculative move but it has worked before for me. "Buy low-sell high" is the theory but timing is very tricky in practice.

I'm trying to figure out what this chart is because it sure isn't the price of silver. :confused:

Nevermind, I figured it out. Great short term investment. I have an acquaintance who recently retired from selling silver as a career and he told me that silver would be a good investment over the next 5 years. He said that it always lags behind the price of gold but it was primed for a big rise.

We shall see, as always.

Read up on an ETN.

USLVF tries to triple the silver benchmark. Very high risk/reward. Not for the faint of heart.

Silver has been a commodity since the dawn of civilization. It is a needed industrial metal, and price speculation is normal. When Kodak was at their prime they were the largest consumer of silver on the planet. The Hunt brothers tried to corner the market and almost succeed, but lost lots of money on it.

I have a lot of old silver coins I collected when I was kid and silver coins were still in circulation. The good news is they will never get below face value, but they surprisingly have no real collector value as all are circulated and worn.

There was a pullback on sliver today, so I sold all my positions to lock my gains at 465%. Should have sold at close yesterday for that 500% gain...But the piggie is in the bag now :cool:.

So right now a silver dollar is worth about $20 and a half dollar is worth about $10. Of course the rare ones have a collector value more than silver weight.

most 90% silver dollars are a good bit above spot value. Semi collectible I suppose. Morgan or peace dollars are 25+ in reasonable shape even for non interesting dates.

Otherwise 64 and prior silver is ~.71 x face value x spot value, as im sure yall know. I have just a few of these old coins to look at but don't have enough to care much about the changes in value. Its cool to hold 140 year old piece of history and wonder where its been.

Yes it is.