/biz/ - Business & Finance

Idk I'm going slv

>>27261052
Either one is fine, they will both go up

>>27261052
one is a jpmorgan scam, the other will actually squueze the comex

>>27261052
Buying pslv will actually help the price of silver go up since they buy the equivalent amount every time you buy.

Slv is leveraged and rationed and doesn't buy physical silver. Buying slv will not help the price of silver going up.

You can still profit from a silver squeeze from either, but buying slv will not help the price of silver go up like buying pslv would.

SLV is a paper scam

>>27261052
fuck SLV, it's a jew psyop by Citadel to cover their huge GME losses.check the 13F on SLV... they are the 5th biggest holder.

>>27261052
I made this pepe

>>27261052
slv is owned by the people we are trying to bankrupt. plus noone really knows if they have the silver they say they do. buy pslv

>>27261052
It's argued that SLV has printed more paper than it holds in actual silver.

PSLV is more likely to maintain a particular note:physical ratio because they allow redemption for physical at a much lower share cost. They will allow you to redeem shares for a london good delivery bar which is 400 oz.

This makes bleeding the comex more accessible to us lowly retail traders because we can redeem our shares for physical at a lower overall cost.

https://tradingetfs.com/if-youre-buying-silver-buy-pslv-sprott-physical-silver-trust-nysearcapslv/

>PSLV vs. SLV
>The iShares Silver Trust (NYSEARCA:SLV) is currently one of the most popular silver ETF’s but lacks some of the benefits that are associated with Sprott’s Physical Silver Trust. The main difference between the two is that PSLV allows investors to redeem their shares for physical silver at a much lower value ensuring that there is an obtainable product behind the trust. SLV, on the other hand, does offer this feature but at a value that is almost unobtainable for most investors. They must purchase 50,000 shares of the trust to have it redeemable for actual silver which would cost $697,500 as of June 6, 2019. PSLV deals in a much smaller increment as one only has to purchase a London Good Delivery silver bar, which would cost only about $15,000. Not only is this cheaper, but it affords investors the realistic possibility of storing the silver at a secure location in one’s own house.

>tl;dr
PSLV >>>>> SLV

>>27261052
I went both my fiend

>>27261292
>>27262173
SLV will just print more shares and dump on you if it ever runs. It'll just dilute the shares/physical ratio and dump on you.

Buy PSLV. They're the real silver bull.

>>27262107
>>27261648
>>27261545
>>27261888


Okay, I saw the same in the other silver threads, just wanted a concentrated/focused consensus.

I wanna make sure I'm not buying the wrong fraudulent paper silver

Thanks big time frens, see yall on the moon

>>27262520
see you there fren

what is XAG?

>>27262107
huh. i was using bad info. according to:

https://sprott.com/investment-strategies/physical-bullion-trusts/how-to-redeem/

>Sprott Physical Silver Trust (PSLV): A unitholder must have enough units to equate to ten 1000 oz silver bars. Read more in the prospectus, Redemption of Trust Units for Physical Silver Bullion.

>>27262344
Aka that’s what you own, fuck off, they can’t commit short term fraud and get away with it while under federal investigation

>>27262520
>on the moon

On /biz/ it’s called ‘ at the Lamborghini dealer’

>>27263435
what the fuck are you even talking about?

DO :
>buy physical silver. Anything under $100/oz is still a fantastic bargain
>buy major miners like AG
>buy proven physically backed funds like PSLV
>buy junior miners for max leverage and gains.

DON'T:
>buy manipulated & spoofed paper contracts like SLV

>>27261648
is the following retarded?

>buy pslv to hold long term
>buy slv and slv calls to profit off the short squeeze
>convert half of my 6mo emergency fund to silver bullion, to fight money printer brr

pls help, I am stupid and have a life changing amount of money due to crypto and meme stock faggottry

>>27263436

So what does this mean for the paper silver buyer such as myself?

I gotta be buying a metric asston of these shares? 1000oz of silver is too much $$$ for my poor blood

>>27263436
Just outdated price. When that article was written a 1000oz bar was 15k

>>27261052
puy PHAG on London exchange
it's literally called PHAG, you can't get anything more fitting for (you)

>>27261052
If you want to speculate on silver going up and just take some fiat profit, you can buy miners like First Majestic, Hecla, Endeavour, Pan American. There are small caps with big potential too but those 4 are safe play.

>>27263630
You need to do your research

>>27261052
I'm pretty sure there are plenty of silver mines out there that aren't open at the moment because the current market price doesn't make it worth the hassle/cost of extracting/processing the ores.
They'll simply reopen those again to meet the demand if the SLV/PSLV moons

>>27264380
Good one

can I lick your balls now as a token of my gratitude for such a "savage roast" boss man?

how bout I give your mom and pops a good tune up, im sure they haven't had a good romp since your deformed soft brain crawled its way out of your mums sweet, succulent, tight pussy

god I miss pounding that thing till it bled. And when your father would as to watch, weeewweee did that get my engine revving

anyway, give your parents my regards, and let them know if they're down for a good dirty fuck to hmu

they know where to find me ;)

>>27263732
which silver junior miners you looking at?

I wanna go balls deep at a 200-400million mkcap that is ready to blow and get some calls

>>27264973
yes but it takes months to years to properly bring a mine back into operation after being mothballed.

>>27265106

And, we're under a Democrat president/congress/house so the environmental standards will be higher than ever, leading to longer restart times. This pump could last us 6 months or longer.

>>27265106
if that's the case then how many are about to open right now?
and how big are their deposits?
it's summer time in southern hemisphere and most countries in that area have shit enviromental regulations to slow down the operation

>>27265291
dumbass silver isn't only mined in USA

>>27265389

So my statement applies to US mining, no shit.

>>27265300
there are about 9 major mines producing silver right now, most are copper projects mining porphyry deposits which generates silver as a byproduct. The few primary silver mines are mostly in Idaho, run by Hecla Mining. Canada has a bunch of primary silver mines, but most are situated in Mexico and Bolivia or Peru. Either way their all working to get back up to precovid concentrate stockpile levels and will take time. 4-6 more months tops.

>>27265563
>canada
greenies/redskins got them by the balls
>covid
oh fuck I totes forgot

SLV = jewish scam
PSLV = chad aryan project

>>27265692
Canada's mining sector saw insane amounts of investment last summer, BC ran out of diamond drill rigs for exploration projects. The underground projects ran out of staff. The next few years are going to be great for mining in Canada.

>>27265861
how viable are the trusts that deal with precious metals?

>>27264800
you threw out a nonsense statement and you want me to research it?

>>27265964
depends, PSLV is pretty legit as far as I can tell. I dont buy paper silver so I am not in the know as much.

If you dont hold it you dont own it.

>>27263955
SLV is more risky the longer you're in. If you buy and flip when you're up quickly that's probably fine, but here's what's happening.

>/biz/ Chads are buying the right stuff
>Redditors are buying SLV because faggots
YOU ARE HERE
>Next week, GME/AMC does what it does, pop goes the bubble
>Some redditards get rich, some buy $ROPE
>Hedgies get wedgies
>Many keks
>Week after next, reddit starts buying more SLV and researching
>O fuck, reddit bought the wrong silver, dump SLV buy PSLV
>SLV starts to tank, but gets supported by JP Morgan
>PSLV goes up like a rocket
>normies start to flood silver, see above sequence
>??? time later, the wheels come off SLV
>SLV goes to 0

(You) want to be out of SLV before those last 2 steps.

>>27264380
>>27265069

>>27266196

Jolly good, now a main concern I have with that Is when will that AMC bubble pop. and at what price?

I gotta set a limit on it bc I dont want any last minute hiccups to fuck me over and I lose these sweet sweet gainz

(trading platforms cuck out and restrict selling/buying once again, or some equally fuck ass issue)

Im not sure if $50 is reasonable or if its under estimated. I want to maximize gains but I dont want greed to get in the way

What do you think is the optimal price point?

>>27266654
Next week GME and amc will burst

>>27266654
>when will that AMC bubble pop. and at what price?
Who tf knows, I missed the boat on both GME and AMC and hold nothing of either. Don't care other than how it affects silver. Go to one of the meme stonk threads.

>>27267003

I feel like that was a given, attention spans are fairly weak atm, so theres no way this hype lasts more than this Wednesday let alone the entire week

So whats the reasonable price on it? anyone w data?

>>27267078
want to know how I know you're retarded?

>>27267325
I'm not so sure about this - the media hype train has been non-stop all weekend. It was on fucking SNL for gods sake.

That's not to say that I don't expect it to bust soon, I just think that monday we're going to see a bunch more cannon fodder jump into the breach.

They both are fine. Paper silver is fine. You can also buy options on paper silver. I bought some long term SLV calls when it sipped to around $12 and am massively up way more than if I bought physical. I think SLV could easily go to $100 if not $1000 in the next few years.

>>27267003
why are all your opinions retarded

>>27264973
do you think restarting a mining operation is like opening a barbershop? fucking retard it takes months if not years before you start producing bars again

fuck you boomer no one is falling for your manipulated silver shit. hedge funds are the main owners of silver.

>>27267522


Yeaahhh, I might set the limit price to like $50 or $100, not sure if itll go higher tho. I dont wanna be kicking myself if thats the case

>>27268494
This. Fucking citadel and a bunch of others own this shit
>These institutions hold a total of 154,184,453 shares. Largest shareholders include Citadel Advisors Llc, Royal Bank Of Canada, Susquehanna International Group, Llp, Citadel Advisors Llc, UBS Group AG, UBS Group AG, Susquehanna International Group, Llp, Credit Suisse Ag/, Jane Street Group, Llc, and Parallax Volatility Advisers, L.P..
https://fintel.io/so/us/slv

>>27269163

News flash. The top 1% own 50% of all stocks. If you are trying to invest in something rich peopled don't already own, PMs are actually not a bad choice, relative to stocks and other investments.