Okay, I had to step in to the silver market today, taking a leveraged ETF play with AGQ.
I’ve owned silver, more or less continuously, since 2009 – in the physical form.
But every now and again I also leverage up the play with moves in the financial products. Now is just one such time.
Silver is a component of my 9th floor. I’ve used it in the limestone stucca that adorns my walls. I used it in the mortar to build the very foundation of the room itself. It’s a staple, because it is so undervalued, I can off the back of my hand say “silver is undervalued” at any time of the day, and probably be right.
I got into AGQ for $41.77. This is just for a trade.
The Fed is printing another trillion dollars, and the debt crises of the world are nowhere near the halfway mark yet.
Mull that over, why don’t you…
10 Responses to Long(er) Silver – Bought AGQ
Bold, but I am in the bunker until the turn.
I jumped on some TGLDX today. We’ll see how it goes.
Sir, what is your preferred physical form? British sovereigns? Dollars?
Once again, thank you good sir for your analysis of Poseidon Concepts. You were the first to point out the outright fraud occuring within this company. Job well done!
Ugh, death sentence for shareholders
Mr. Cain Thaler, thanks once again for adding perspective to the “big picture”.
You are welcome, gentlemen and ladies.
There with you. Balls deep in the SIH13 big boys. If it can hold 30 for several closes its golden.