A nice bump up in silver today!

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It always amazes me how fast things can change with silver.

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There has been a lot of chatter about the Comex silver being drained. The supply is dropping and so was the spot price. This has had folks scratching their heads.

https://www.silverdoctors.com/silver/silver-news/comex-stress-jp-morgan-silver-weight-dropping-fast-eligible-registered-silver-declining-and-declining-rapidly/

From the looks of trade today people are figuring out how undervalued silver has been. I think it should be over 30 dollars at least.

I have been keeping an eye on the premiums and was offered 28 bucks for my eagles from my local coin shop. They will sell them for 38 but only give you 28, I think spot is going over that in the near future so I declined for now. I did have the option to trade them for generic bars, this way I still have all my silver ounces and would have gained almost 150 ounces. I'm still thinking about doing that.

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Wow, I just noticed gold is up 50 bucks today. I hope they let the price move up again. I love watching the miners run when gold moves higher. I'm starting to feel that they will move up to the next level very soon.
It's been a long wait for this to turn up but I think the reward for holding and dollar cost averaging will be looked back on as one of my best moves.

I'm thinking about adding more platinum to my stack, It's still very rare and I think they will find more uses for it in our electrified world.

How do you feel about platinum? Do you think it may be a good diversification to add some to the stack?

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@mariosfame @krunkypuram

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Thank you for reading my blog and have a great day!


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9 comments
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I do like platinum, but my focus right now is gold.
Prices are up and down. And if one is buying the dips, I think one will be okay, i.e., if he/she is consistently buying.
How are you doing, @tbnfl4sun? I hope you are fine.

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I was focused on gold, I have 15 times more gold than platinum.

I hope all is well with you, I'm good!

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I don't know about platinum but I feel the safest about Silver because it has quite a bit of commercial value but I don't think platinum does.

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