|
Sask | I don't own any contracts, but as I understand it, only "qualified" contract holders can settle for physical, rest are paid out in fiat currency regardless if you want physical. Just another example of our capitalist, supply and demand markets - you can hold a contract for a commodity but does not mean you get that commodity so in reality we have an infinite supply.
Been sitting on the fence last week wondering what to do. I have been selling my limited crypto holdings the last two months which is basically xrp. 75% sold, rest will likely go this week but maybe not, will see. The way I look at it, crypto is a casino, or Ponzi scheme if you prefer a more accurate term. So if liquidity gets tight, or a new game comes to town then crypto is sold. If bitcoin isn't a Ponzi scheme then there is nothing to worry about. However if bitcoin requires more people to buy in for others to be able to cash out, then we will find out if it is a Ponzi scheme.
Done well on miners, took some profit a couple weeks ago. Not sure what to do next. Pslv was a dog, sold it last winter since it managed to not go up in price while silver went up over a year, which is odd for something that apparently only holds silver. But after that crap is past maybe pslv will actually track silver price. By more physical and put it in vault account. Looking for an easy in and out of market. Maybe more miners. Sun Silver, Avino, Sierra Madre - or other such small entities fit my thinking, the big miners like to show a lower performance when market is good where as small miners can show a lot of upside. Lately I put free cash into miners, much better return than the no return given by bank deposits. Large miners will show a return, but small operations tend to show bigger returns due to higher risk or low visibility until guys like me start looking. | |
|
Silver
