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iShares Silver Trust Message Board

  • gregturner799 gregturner799 Apr 15, 2013 11:06 PM Flag

    Now would be a great time to sell SLV and buy Physical

    The take down of Gold and Silver is an orchestrated event. Gold and Silver will turn around very shortly.
    The Comex vault and the LMBA vaults are being drained of both metals and both metals are in short supply.
    Staying in SLV or trying to dollar cost average at the low price will gain you nothing as the physical market
    overcomes the SLV paper market. Buy Physical and that is your safest bet.

    Sentiment: Strong Sell

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    • buying physical is the Worst bet unless you plan to hold for the next 10-20 years because it's so illiquid. There could be a time where you need to unload it and you end up taking a huge loss. I'm tired of the constant bad advice in PM circles. The latest one is to buy "buy physical" and it's probably because someone else is looking to unload their physical!

      -not_bearish (except on gold)

      Sentiment: Strong Sell

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