Stocks - The Best Buys 2

[jayswin]

Anyone else investing in silver monday open, or going to wait and see?

[Suave]

Silver futures are up 5.45% right now.

[troutman]

Originally Posted by Bonded

Cannot quote but what is the actual underlying physical supply of silver?

I don't know, but I've heard all the gold ever mined would not fill a swimming pool.

https://www.visualcapitalist.com/12-...ow-its-rarity/

https://www.royalmint.com/invest/bul...ecious-metals/

Experts estimate that some 10 billion troy ounces of gold have been produced in the history of humanity, or just over 311 million kg. That would be a cube roughly 25 metres on each side. To date, some 1.4 billion kg of silver have been mined throughout human history. However, silver corrodes, and just under half of that silver no longer exists as a metal. Of what has been mined, only 777 million kg still exists.

[Cecil Terwilliger]

Originally Posted by troutman

I don't know, but I've heard all the gold ever mined would not fill a swimming pool.

It’s not true.

[troutman]

Originally Posted by Cecil Terwilliger

It’s not true.

Might be.

we finish off with an image of all of the world’s mined gold in one cube with dimensions of 20.5m. If it was all melted, it would fit within the confines of an Olympic Swimming Pool.

[karl262]

Originally Posted by troutman

I don't know, but I've heard all the gold ever mined would not fill a swimming pool.

https://www.visualcapitalist.com/12-...ow-its-rarity/

https://www.royalmint.com/invest/bul...ecious-metals/

So the real world gold silver ratio is 1/2.5?

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[Table 5]

Originally Posted by jayswin

Anyone else investing in silver monday open, or going to wait and see?

I think regardless of the #silversqueeze, silver has good med/long term prospects. It’s an important element in all the green energy tech every one is pushing for, and won’t be achieved without the metal. Solar panels, EVs, electronics, all that stuff needs silver.

Personally, I’m invested in AG, SLV, as well as the “ Current top 10 for smaller portfolios” companies that are mentioned here. https://www.goldventures.org/blog/silver-sitfolio.

[JohnnyB]

Originally Posted by jayswin

Anyone else investing in silver monday open, or going to wait and see?

I was already holding silver anyways and am happy to have it, so I bought more today in case there is a move upwards from this. I was in line for an hour and the line was way out the door the whole time. Everyone was trying to buy silver. They were sold out of bullion so were only taking pre-orders for delivery in 3-6 weeks, though they say they will buy back the pre-order at market rates if you choose to sell early.

If nothing else, it's a refreshing little bit of excitement in what is not generally the most exciting investment space. At the price I got in today, I don't really see much downside anyways. I don't expect to see it explode to the extent suggested on Reddit, but a frenzy that drives up prices for something that's a safe long-term buy at current prices works for me. If it happens, I'll pull it out of the bank to sell off and buy back in again once the prices get back down.

Also, it's kind of more fun experiencing the atmosphere at an actual exchange rather than trading online. Felt like being part of a run on a bank or something.

Originally Posted by karl262

So the real world gold silver ratio is 1/2.5?

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From my understanding the paper to bullion ratio is more like 125 or 250:1 . In both gold and silver there is far, far more paper gold/silver than there is actual physical metal to back it up.

[jayswin]

Thanks, yeah I'm looking at a couple of those. Lots of traders into high percentage cash now, and things feel very dicey these days, so any plays could match up with a correction at this point. But still, silver looks like a fun play this week.

I'm 45% cash and honestly will likely be more by end of market Monday.

[flylock shox]

Surely a run on silver would boost other - particularly more valuable precious metals - gold in particular.

I've been holding on to some cash in the hope a couple of gold miners I hold might dip just a bit, but if silver shoots up tomorrow I might just pull the trigger on the gold stocks in the hope they follow suit quickly after.

[JohnnyB]

Originally Posted by flylock shox

Surely a run on silver would boost other - particularly more valuable precious metals - gold in particular.

I've been holding on to some cash in the hope a couple of gold miners I hold might dip just a bit, but if silver shoots up tomorrow I might just pull the trigger on the gold stocks in the hope they follow suit quickly after.

I'm pretty sure some big gold miners, such as Barrick, are also mining silver. Maybe look into whether or not the miners you like are doing the same.

[jayswin]

Yeah, I read somewhere that a lot of silver mining companies are actually huge gold companies as well.

[Cecil Terwilliger]

Originally Posted by troutman

Might be.

The article has a picture, it fits but sticks up about 200ft above the pool, which makes the comparison quite odd.

Most other sites say about 3 Olympic swimming pools.

[bluejays]

I purchased a solid portion of Apple on Friday after the minor correction. I sense this time a year from now the stock will be north of $160. As for BB, I was going to get into it but to be frank about it the WSB run-up ruined my chance at getting in with a good price, so I'm holding out for now until the inevitable pullback (though it would have been nice getting in on the run up last week).

[jayswin]

Originally Posted by fleury

I purchased a solid portion of Apple on Friday after the minor correction. I sense this time a year from now the stock will be north of $160. As for BB, I was going to get into it but to be frank about it the WSB run-up ruined my chance at getting in with a good price, so I'm holding out for now until the inevitable pullback (though it would have been nice getting in on the run up last week).

Yeah, I think people getting in at $17-$19 for their first shares in the hopes of short term returns are going to be sorely disappointed. But when and if it corrects 20-30% lower than that it'll be a great long term buy, imo.

[karl262]

What i mean is all the mined physical gold vs all the mined physical silver that exists according to those numbers above is a ratio of aprox 1 to 2.5.
The gold/silver ratio in terms of dollar value per ounce right now is 1 to 68.

So you would need to trade 68 ounces of silver to get 1 ounce of gold.

Does that mean gold is too expensive or silver is too cheap? Or nothing at all?

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[jayswin]

Originally Posted by karl262

What i mean is all the mined physical gold vs all the mined physical silver that exists according to those numbers above is a ratio of aprox 1 to 2.5.
The gold/silver ratio in terms of dollar value per ounce right now is 1 to 68.

So you would need to trade 68 ounces of silver to get 1 ounce of gold.

Does that mean gold is too expensive or silver is too cheap? Or nothing at all?

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Hopefully silver is too cheap!! Seems to be a lot of experts on board with that. I'll probably jump into silver as this seems like a good time to do it, but looking long term. If something fun happens this week, short term? Bonus!

[jayswin]

Got a couple penny stocks and smaller companies off Table5's link there, and will debate SLV over night. Annoyingly, my biggest concern with SLV being redditt's new toy is that my trading app is **** for open buys.

"Hey, we saw you tried to order for market opening, how does 7:50am, 3/4's of the way along the run up work for you?? Cause that's when we got it!!

"Oh, it was $24.99 on friday, $29.90 in pre-market? cool we got you in at $34.00, fam. Look out, it's going down now!!!!!!".

[J pold]

Just put in buys of APPL and DT.

Dynatrace reports earnings on Wednesday, which could be positive with expanded partnerships with Google, etc. I have a target price of $55 with it currently trading at $42.

[Krovikan]

Originally Posted by karl262

What i mean is all the mined physical gold vs all the mined physical silver that exists according to those numbers above is a ratio of aprox 1 to 2.5.
The gold/silver ratio in terms of dollar value per ounce right now is 1 to 68.

So you would need to trade 68 ounces of silver to get 1 ounce of gold.

Does that mean gold is too expensive or silver is too cheap? Or nothing at all?

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To me, I would lean towards it means nothing at all, though people may make it mean something. Total mined doesn't really have anything to do with the market of a resource I would think you would want to compare availability, cost of discovery and extraction, and market demand to determine if the resource is at fair value.