I already own SLW and physical silver. More upside for the options, more "safety" with the physical. What do you guys think?
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I already own SLW and physical silver. More upside for the options, more "safety" with the physical. What do you guys think?
More physical.
FYI, This might take A LOT LONGER than we're all thinking. In Armstrong's latest on Financial Sense he says the timetable for things to come to a head in the US is 2016. URGH! 4 MORE YEARS!!
"2015 at the latest" -Mike Maloney of GoldSilver.com
"2016 at the latest" - Jim Rickards of "Currency Wars"
These men take into account the defaults of Europe and Japan first, then the grand finale, USA. Peter Schiff was on camera a few days ago saying it was years before the USA would reach default, but it was of course inevitable no matter what we do at this point.
We're gonners!
Well, those of us who aren't prepared for the ultimate wealth transfer are gonners.
2016 to 2018 sounds reasonable
SLW pretty much tracks silver and as it moves up it should move up quicker(as they add production), so you guys are saying you don't believe silver will be over $55 in about two years time? I personally think it will and I am leaning towards SLW options.
Options. Go big or go home.
If its for an investment and you have yourself covered already with physical then go for the options 'cause two more years sub $55 seems like it will be real tough for the manipulators to pull off.
It doesn't matter what I think the price will be in two years' time. The paper market is manipulated. If you really want to go big, go physical. Right now there isn't enough for each man, woman, and child on planet earth to have more than a pre-1965 silver dime's worth of physical. In less than a decade there will be none. Priceless. To the moon. Period.
Out of the money options are a huge risk, but the reward can't be beat if you do it right.
Start w/ a very small investment and plenty of time (perhaps even later in 2014), then buy more at a lower price, and even more at a lower price....
Given enough time, at some point you will get a huge payday.*
*Sell at least a few calls any time your most recent buy-in doubles, since you are dealing w/ a 'wasting asset' and can probably buy it back cheaper.**
**If you can't eventually buy it back cheaper (after already doubling), then all your other Silver investments are doing really well. :)