View Full Version : Options on Silver ETF? Soon?

28th May 2008, 11:56
:confused:I came across this article today. GLD will start trading options soon. I am sure SLV will follow. Good...Bad...I don't know???http://seekingalpha.com/article/79134-finally-gold-options

strongman shelford
28th May 2008, 16:42
it will be great if you could buy SLV options
extreme leverage on silver.
but the one who controls silver price gets a money machine with slv options.

28th May 2008, 18:36
This can't be good. We want more money going into physical gold and silver purchases... not into more unbacked paper investments

1st June 2008, 06:00
I've played with options in the past and got burned. Always bought the near month contracts, and time killed me. If you play options, buy no shorter than 3 months out. That way you have up to 3 months to get your price.

Personally it sounds tempting. But you don't know if in 3 months we'll be using the Amero.

Be sound. Sell everything you can possibly sell and buy physical Silver. I told people to sell their houses, 401K's, anything they could get money for. I started giving that advice 5 years ago to people when Silver was $5.50 an ounce. People looked and me, laughed and said I was crazy.

Now I'm laughing... :)

"I haven't been wrong yet" is what I said to them.