Reddit's silver "apes" now targeting silver, opportunity or fool's gold?

[QuarterMillionMan]

Current spot price of rhodium is $4250 an ounce, but a 1 oz bar sells for $5850. The dealer will buy it though from you for $3900.

[disneysteve]

Current spot price of rhodium is $4250 an ounce, but a 1 oz bar sells for $5850. The dealer will buy it though from you for $3900.

Sounds like a great “investment”

[QuarterMillionMan]

Ha-ha, and I thought platinum had a high mark up of $70 over spot. Rhodium takes the cake.

[disneysteve]

I thought of this thread as I was listening to an ebay seller podcast today. The guest told a story of she and her husband buying a storage unit at auction a few years ago. Inside among other things they discovered that the previous owner collected silver. All together, the unit contained 100 pounds of silver bars/ingots/whatever they're called. She didn't say how much they sold everything for but I'm sure it was magnitudes more than they paid for the unit which was probably a couple hundred dollars.

[LivingAlmostLarge]

Wow finding silver is like winning a small lottery ticket

[QuarterMillionMan]

Gold is $2139 today.

Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO

[QuarterMillionMan]

40% silver halves 1965 -1969, paid $80 w/free shipping and no tax.

[QuarterMillionMan]

Impressive unrealized gains with the recent run up of precious metals prices (Roth IRA account).

[QuarterMillionMan]

Gold is spiking for some reason.
Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO

[QuarterMillionMan]

Am I the only one who is worried about this? We diversify asset classes but put all of our eggs in one basket, king dollar. Frosted might be on to something stashing silver bars.

Peter Schiff says get ready for 'major dollar decline' — predicts end of greenback as global reserve currency (yahoo.com)

[QuarterMillionMan]

[QuarterMillionMan]

Took some profits today by selling $40,000 worth of SLV (the silver ETF). Profit of about $4000. At one point in time I was down about $5000. Not sure why I had bought the paper silver when I like the real silver which I can hold in my hands. Now I can buy more real silver.

[disneysteve]

Took some profits today by selling $40,000 worth of SLV (the silver ETF). Profit of about $4000.

Over what period of time?

[QuarterMillionMan]

Good question. Maybe 5 years so maybe 2% a year. Not on par with equities by a long shot.

[disneysteve]

Good question. Maybe 5 years so maybe 2% a year. Not on par with equities by a long shot.

Yep. VTI has a 5-yr average annual return of 12.34%.