Silver?
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From: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Thread Starter
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From: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
I have a bit, but mainly have gold as the bid-offer spreads are tighter. Gold:silver ratio is high compared to historical levels (which is why I have a bit), but some of those were when a small number of speculators cornered the market for silver. I use ETFs. Bought and sold on LSE like a normal share, without stamp duty.
Thread Starter
BANNED
Joined: Apr 2003
Posts: 4,787
Likes: 0
From: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
I have a bit, but mainly have gold as the bid-offer spreads are tighter. Gold:silver ratio is high compared to historical levels (which is why I have a bit), but some of those were when a small number of speculators cornered the market for silver. I use ETFs. Bought and sold on LSE like a normal share, without stamp duty.
It might do ($100 I mean), if it does though there may be serious problems elsewhere, so I'm treating my precious metals as wealth protection rather than creation. If the prices of previous metals don't do so well then hopefully my sterling denominated assets will do better. Mine is all about protecting a house fund, if your goals are less conservative and you put substantial investments into something you were bullish on you might do very well indeed. If you geared up you could become stratospherically rich, or broke.
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