To all silver and gold bugs, those who are stacking and want to stack, to those with ETFs and margin contracts, or those holding options on such contracts.

I am refering to the post by @hgmsilvergold and the relevant post https://steemit.com/steemsilvergold/@hgmsilvergold/wow-steemit-officially-has-a-gold-and-silver-community-join-here.

To your information, I am a mining engineer by profession and have considerable industrial manufacturing experience in the field of photovoltaics. I have been in and out of gold and silver, mining companies, physical, ETFs, options, margin accounts, etc.. The only real thing is physical. That is also the reason why I am fixed on mining rigs when it comes to crypto. I hate to be invested in something I can't touch myself, and have my own hands on. Although I am a mining engineer and thought I knew what I was doing, not one single of the Australian and Canadian gold mining companies that I was invested in 30 years ago still exsists today, I lost a whole lot of money!

I should have stacked physical.

When I started to get involved with options, I started to cash in premium for cash covered short puts that would expire 1 or 2 years later, sometimes being executed. Those contracts then turned into XAG or XAU, which in turn is a forex position. What I didn't know is that such forex positions get rolled every single day. My brokers didn't tell me beforehand. I was doing that business very successfully with stocks. And making a lot of money. Also with XAG and XAU with cash covered short puts and covered calls. I can gladly teach this to anyone, just ask. But in the end, I should have purchased physical.

If you don't own physical, you don't own it. Remember, sooner or later, every promise will be broken. A promise that you own something is not good enough.

The current mining ratio of silver to gold is 10:1. Therefore, not considering the industrial and technical value of silver, the price of silver should be atleast USD 120,--. Further, please note that major tendencies in human development are pushing towards electric vehicles and solar power. Solar power and electric vehicles are not possible without silver. Infact, it will not take long anymore and the silver oxide battery will hit the electric vehicle scenery (read the following to give you a small insight: https://gold-forum.kitco.com/showthread.php?109381-Possibility-of-Tesla-s-Lithion-Ion-gt-Silver-Oxide).

Please watch the following videos, they will help you make the right decisions:

I am not selling my silver under USD 600,--/Oz. Saying that, I don't care if the price is going down, just an opportunity for me. Please don't make the same mistakes that I have made in the past. Buy only physical, everything else is a promise, and all promises are broken sooner or later.

Follow, upvote and resteem if you like my post. Contact me if you need some more information on advanced trading of options (not binary options which are a scam).

Your good friend, Lucky Digger