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RE: Why I think people that have physical silver are nuts - looking at you raybrockman

in #steemsilvergold7 years ago

i think what most people miss with the silver is this, sure you can watch the paper silver prices and believe that is its true value, but honestly how many of us would ever sell our silver on those exchanges or even know how to, its intrinsic value is more to do with having it to hand and is based on the rarity of the products we hold, what format they take, how they appeal to us and to others, I would say this , if you had a troy ounce of silver as small granules in a bag , or if you had a hand poured ingot from a small mining company that gave added value for its craftmanship and innovation or even an old English pepper pot from the 1800s that had been made by silver craftsman of that time, along with its makers marks and history would we value them the same, even a new silver coin with limited mintage how would we value that certainly not at spot price it seems to me there are 2 seperate worlds here, the world that watches the price that banks and governments tell us what it should be and the world that knows it true value because we own it .\o/

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Well, I was just looking at it as a long term investment case - including cost of ownership - and, considering that, what percentage of your portfolio would be prudent.

its all good al thats the beauty of our community we all have opinions and the right to voice them and to be heard , from my point of view thanks for your input :)