You know what they say in investing, when no one else wants it - it's time to buy!
That is kind of what is going on with silver, there is no buzz about it. The masses aren't investing in it and it's near the bottom of it's historical price range.
Diversification Continues...
Decided I wanted to get some exposure to silver a few months ago, the plan was to cash out a little crypto to make some long-term investments in silver miners.
Then I got a phone call from an old day trading buddy who needed to raise a little capital. He was selling off his silver coin holdings.
Coins wasn't the initial route I was looking to go, but having actual silver is probably a good idea as part of my silver exposure. Plus, he was selling them at a discount to current price to get quick easy cash.
He had an assortment of coins and of course I decided to go with the Australian ones, because apparently I love everything Aussie.
Pic of One of the Coins
Grabbed 25 coins in total for $1K; so $40 a coin, which I was happy with since the cheapest I could find them from a dealer was $59 and they were out of stock to boot.
Not a huge investment, but it's a start. I really wanted the gold coin he had worth about $3,500! If only he had called me a month ago when crypto was 50% higher..lol!
Anyway, time to put these in the safe deposit box and forget about them until the price of silver doubles :-)
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Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.