Well, you dont have to worry about thugs breaking into your house and stealing your safe if all you have is paper silver/copper stocks, its easier to invest your 401k into an than physical
The downsides, if everyone tried to cash in their silver or whatever and take physical delivery the comex would default because there isn't enough physical.
well anyone contemplating taking a position now in gold, silver or copper futures — especially if using dollars to buy them — should understand that the risks get bigger when these contracts start taking out record-highs.
Dazzling, yes. But at these levels, metals are potentially dangerous.”
Hey Kamil, generally we are captive but do have the opportunity to work with other companies on products NYL does not carry like disability, Health, etc.
Since the market meltdown of 2008, copper has rallied strongly based mainly on the furious demand from China, the world’s biggest consumer plus other emerging nations.
“It’s a top commodity pick.” In fact all the big guns you’re familiar with are very strong on copper including Morgan Stanley, Barclays Capital, Goldman Sachs and others.
There are two times to make fantastic capital gains in the resource sector. The first time is when you buy a penny stock that makes a discovery. This is what we positioning for with Petromanas Energy (PMI, TSXV) as an example.
The second time to make incredible profits is just prior to the production stage.
Nevsun Resources (NSU, TSX) last year which about tripled from January to December.
Physical silver can be purchased in a variety of sizes and weights, which determines its price.
Most typical are 1.0 ounce silver coins, like the Austrian Silver Philharmonic, the American Silver Eagle, and the Canadian Silver Maple.
Their prices vary slightly due to differences in silver purity, with the Silver Maple being the highest at 99.99% pure.
You'll pay about a 16% premium over the silver price for coins due to the cost of fabricating them.
Silver prices are volatile - on the upside and the downside.
After hitting a bull-cycle high of nearly $21 in early 2008, the global financial crisis tipped silver prices into a near-freefall: They declined by more than 50% to drop into the $9 range later that year.
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Thanks Kamil!I appreciate your kind words. Have a positive and productive day!!
The downsides, if everyone tried to cash in their silver or whatever and take physical delivery the comex would default because there isn't enough physical.
Dazzling, yes. But at these levels, metals are potentially dangerous.”
Since the market meltdown of 2008, copper has rallied strongly based mainly on the furious demand from China, the world’s biggest consumer plus other emerging nations.
“It’s a top commodity pick.” In fact all the big guns you’re familiar with are very strong on copper including Morgan Stanley, Barclays Capital, Goldman Sachs and others.
There are two times to make fantastic capital gains in the resource sector. The first time is when you buy a penny stock that makes a discovery. This is what we positioning for with Petromanas Energy (PMI, TSXV) as an example.
The second time to make incredible profits is just prior to the production stage.
Nevsun Resources (NSU, TSX) last year which about tripled from January to December.
Physical silver can be purchased in a variety of sizes and weights, which determines its price.
Most typical are 1.0 ounce silver coins, like the Austrian Silver Philharmonic, the American Silver Eagle, and the Canadian Silver Maple.
Their prices vary slightly due to differences in silver purity, with the Silver Maple being the highest at 99.99% pure.
You'll pay about a 16% premium over the silver price for coins due to the cost of fabricating them.
Silver prices are volatile - on the upside and the downside.
After hitting a bull-cycle high of nearly $21 in early 2008, the global financial crisis tipped silver prices into a near-freefall: They declined by more than 50% to drop into the $9 range later that year.
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