In my opinion when the dollar get below a certain ponit that it starts to become worthless,but not to worthless because you would be giving back your profits at that point.
I love this stock and we all will make mucho dinero as time pass's but there will come a point when it may be better to own the real thing meaning silver dollars[Egles],any opinions on this subject are very welcome.
This thought really never crossed my mind ,but I think It would make a good dicussion for the board anyway. Jim
How long to ride SLW?
Until 10-15% of average portfolio of citizens are in metals...currently less than 1%. The higher metals go in the future, the more they will be sought...will ulimately be panic buying...but not until SLW share price is $300 with market capitalization over $90 billion....
I guess, in thinking about this, I ask myself, at what point will silver / oz. be worth more than gold? (There's about 5X more investment au available than ag, right now, so it's MORE rare than au RIGHT NOW. It's gotta happen soon.)
I'd want to be ahead of THAT wave, and error on THIS side of that wave, for sure!
One thing to keep in mind is that if we get very high inflation finding physical gold/silver coins or bullion to buy is going to be very hard and the premium over spot market quoted prices will be high. If your going to convert to all physical you may have to do so much earlier than you would think.
The short answer is (IMO)we all know you get more bang for the "buck" with SLW over silver, and true of any profitable miner.
What happens if in the worst of all scenarios, 3 or 4 of the miners SLW gets metals from go belly up and or reneg on their contracts? Or go on strike or something that puts our investment in trouble?
That's why we are always taking a risk and spreading our risk over a variety of investments within the PM sector.
Spread your risk.
Have several miners, in several countries , have SLW, have coins, have physical in other forms.
heck i gonna ride this gravy train for the foreseeable future.... iz silver STREAMER after all... all roads therein lead to the same objective... MORE SILVER!
o & i have plenty of silver bullion mind u too...
Thanks for your 2 cents dave,but what Im refereing to is one dAY U WILL SPEND THIS PROFIT AND iM SURE U WONT WANT TO USE THE DOLLARS FROM THIS STOCK TO BUY A SILVER EAGLE IF THE DOLLAR VALUE GOES TO SAY .25 CENTS WOULD YOU,IT DOESENT MAKE ANY SENCE,THERE HAS TO BE A POINT WHERE YOU SWITCH OVER TO THE REal thing In my opinion,mabe Im wrong but it seems to make some sece to me anyway????? Jim
I forgot to mention I also have silver eagles to,but I sold some for a 1900.00 PROFIT AND PUT IT IN SLW FOR NOW WITH MY OTHER MONEY IN THHERE ALREADY,my origanally plan was to buy 50 50 ,but it seemed a better way for now was slw.Jim