Is it worth buying silver with all my spare cash every month?

[SIR ETHNICCEL]

Anybody got some experience in this?

With my coins and spare cash is it worthwhile to buy silver?

 

[Grodd]

No

 

[SIR ETHNICCEL]

No

why

 

[Grodd]

why

Silver is worth something but realistically it won't make you much at all

 

[SIR ETHNICCEL]

Silver is worth something but realistically it won't make you much at all

I am not looking for profit. Just a store of value, even in 10-20 years still have the silver

 

[Grodd]

I am not looking for profit. Just a store of value, even in 10-20 years still have the silver

Go for it then

 

[Ryo_Hazuki]

I don't know the laws in your country, but if it's like America where you'll pay sales tax when you buy it, and then either income tax (or capital gains tax depending on how long you held it for) when you sell, i'd advise against it.

 

[SIR ETHNICCEL]

I don't know the laws in your country, but if it's like America where you'll pay sales tax when you buy it, and then either income tax (or capital gains tax depending on how long you held it for) when you sell, i'd advise against it.

so what you suggest as a store of value for the common working man

 

[RandomGuy]

I buy into largest silver mine in world!

MAG Silver Corp. (MAG)​

 

[Retardfuel]

Make sure government won't extra tax you, because greedy scumbags love to milk people

 

[SIR ETHNICCEL]

Make sure government won't extra tax you, because greedy scumbags love to milk people

No escaping the tax. But 10-15$ is okay I guess if I spend over $200. I would have spent it on hookers or buying random stuff anyway

 

[RandomGuy]

The premiums are high both when u buy/sell physical gold/silver, so it’s nearly impossible to profit. More liquidity digital trading (stock markets) to escape middlemen by only paying pennies for commission. Plus, sum pay dividends. Gold is barter between governments, so I prefer gold instead.

 

[IWWorkER]

Silver is worth something but realistically it won't make you much at all

Looking back at it now, he would have made some nice profits.

 

[kay']

View attachment 1655528
Looking back at it now, he would have made some nice profits.

I need help

 

[IWWorkER]

I need help

So do I