17 Mar 2024 3:04 pm
Not buying your 'Doom and Gloom' scenario!LowIQTrash » 16 Mar 2024, 9:53 pm » wrote: ↑ As an investor, your (our) goal is to maximize returns within acceptable boundaries of risk.
Right now I see silver moving up at least 20% end of year (consolidation price movement is almost over) with a minimum gain of 10%. Calls let you triple (or more) your gains so there really is almost no downside.
As for holding physical silver, there is a much better play which is slowly building a short position with long puts (7 months or more) in tickers like SPY, IWM, and even leveraged ETFs like SOXL and SPXL.
In 2020, SPY fell about 30% while SPXL fell 75% during the 2 month crash. A short term put in SPXL would easily have returned 500% or more while a more conservative options play (let’s say 10 months out) would still see 250% or more gains in the span of 2 months.
Something like this is brewing this year and I want to snatch that opportunity with full force.
Physical Silver seems to be a very low reward, low risk play at this point so I fail to see the purpose.
You will snatch defeat from the jaws of victory!
