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ExUmbris

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    United States

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  1. Super Thanks
    ExUmbris got a reaction from ChrisSilver in Looking for a gold IRA company to rollover my retirement.   
    If you are still searching (and in the US) I have dealt with silvergoldbull several times they have consistently had the best prices for gold and silver and they can help you with a rollover as well. Equity Trust has fairly low annual and storage fees for PM IRA storage and both companies answer their phones and are happy to answer questions which helps with peace of mind. 
  2. Like
    ExUmbris reacted to GoldDiggerDave in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    What most people don't see with ever increasing asset prices it makes the 99% progressively poorer, either more expensive to buy and or more expensive to hold and maintain.   Since the "economic crash in 2007/8"  just look at all asset prices, even  throughout "covid"  the 2 years where the western economy was frozen asset prices continued to rise......It  sounds absurd doesn't it?    
    The economy crash and then stalled yet asset keep on rising, it's only my opinion this is designed ultimately to make the 99% poorer, higher house prices makes for longer term mortgages I know people getting on to the housing market in their 30's with a 35 year mortgage, and at what point does your asset become a liability?   I've seen people buy massive houses that will cost a small mortgage just to heat ands maintain this winter, and don't forget the 4 wheeled german tank out side the house that's  £180 to fill up and £810 per month in payments. 
    Don't get me wrong if you can get on the right side of the investment then you will be doing well and far better than 99% of the 99%.   We will no doubt see a very interesting 6-12 months in front of us all.   Some will not even feel the effect of hyper inflation and won't be able to understand what the fuss is about many will have to make difficult decisions where they have to liquidate their assets just to get by every month.   I could be wrong if you can keep hold of your assets you will be a better position in 2-3 years  from now.     
  3. Like
    ExUmbris reacted to GoldDiggerDave in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Mate we are all friends, and I ain’t gonna upset you mate as you are bigger than me.
    I know I poked at silver a bit, and it’s not to  upset anyone, I’d love someone to to show me a favourable defence, to be fair mate the bad advice I keep referring to is not on here it’s the likes of YT I see people with 100,000’s of subscribers giving people chronic advice.  
     
    I like debating with people and I can accept being wrong and learn from other peoples opinions, lucky I think we are from a generation where we can disagree and not need to call in the lawyers.
    have a great day mate! 🤗
    oh and one of my favourite quotes from Star Trek… Is one of the Ferengi the rules of acquisition.
    rules of acquisition number 59 “ free advice is seldom cheap”
    oh and I kid you not being the Trekkie that I am and also being a bit mental…….in a salary negotiation I paraphrased the great scene from Jean-Luc Picard’s line in the sand speech “the line must be drawn here and no further”!……. I ended up with another 6.5k per year. 😂😂😂😂
  4. Like
    ExUmbris reacted to flyingveepixie in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Lol.   One of my all time favourites is from Seven of Nine :  "I will not comply"!
  5. Like
    ExUmbris reacted to katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    I think @ExUmbris and @GoldDiggerDave have great points to make both sides of the coin (pardon the pun). I'm new to silver hence feel unqualified to give an opinion. However some things make me optimistic:
    From 1913 to 2018 USD went from $1 to $0.04 in value (comparable with what you can buy with it). An ounce of silver went from $0.60 to $15.00 in the same period. Dollar down 96%. Silver up 2500% 
    A galon of milk cost a silver coin ten years ago. A galon of milk costs a silver coin today. Silver holds value but the cost to buy with fiat currency doesnt.
    Doc Martens are one example that may have performed better over a certain period but there are a million more items in existence that definitely won't have (99% of items in my opinion). And it's all about timing. If you buy your silver at the top of a spike then you ain't making that back for decades and decades. But time it right and it's a different story.
    Silver (and gold) will rocket when there is turmoil - especially severe recessions - and silver historically rockets more than gold and closes the ratio gap hugely. History proves this. IF this happens then it will actually go to the moon this time (my theory explained further below).
    Otherwise, yes, silver may not make you huge money - for now. But be patient. I believe a mega spike is coming. GDP to debt is beyond where it's ever been and there's only so much quantitive easing that can be done. There are tonnes of great stories going back thousands of years - including empereors being fed to the lions for the same - thanks to the huge out of control inflation they caused by adding cheap metal to their silver coins. Subsequently, each time this resulted in huge silver and gold spikes.
    One of the reasons silver is massively undervalued today is because many banks who sell futures are selling stock they don't even have - nor even exists (an example; Deutsche Bank were fined $38 million for rigging quantities in 2016). Banks have frequently been quoting they own way more stocks than they actually have. So these banks make silver stocks seem much bigger than they actually are - this keeps the price down (great news for us because we are buying it cheap today).
    But what if the next recession hits and the big players of paper investing say to the banks "right, send me my silver, I'm cashing in my investment"? (Or they sell it and tell the banks to send the physical to their investor). But the banks don't have it! The demand/price will go ballistic.
    Also during recession people panic, they don't want their money in the bank which is why every time there's turmoil the value rockets. Crypto may claim some of that panic. But people will likely want physical over digital during panic.
    Or, simply, it may not Happen! But history has proven otherwise. In every recession - including long before paper silver existed. So this time, based on the above, it should technically be waaaaayyyyyy higher than in the past because of the paper situation (but for God's sake don't hold me to my theory! I personally believe this and I'm running with it and buying physical silver 😬).
    Silver supplies are massively lower than gold.  Silver is also both a precious metal and industrial material. we all know nothing conducts as well. It's also essential for nuclear reactors (isn't a nuclear power plant reopening in the UK? But I'm not sure how much is needed or even how relevant that is - it just popped in to my head!) Don't forget we need silver for solar power too.
    Gold is held for value. People hold it, they sell it, they recycle it. But silver is in gadgets that end up in the bin and jewellery etc is rarely recycled. It's running out. 
    There is only 14oz of silver in every ton of rock and dirt mined (that's in Peru which is one of the world's best mines). And according to a silver institute survey (I think it was 2018 ish) they were coming up 26 million ounces per year short on what's needed (that is much higher now as the pandemic and war threats caused a lot to buy physical).
    Also I'm the UK our CPI inflation goal is to typically averaged at 2% a year. But the "basket of goods" it represents has 721 items in it including windsurfing equipment, gluten free cereal, a manicure and a horse race. What a load of b******s! TRUE inflation of every day items is always at least double that. The government have blinkered us so that people keep quiet. People think their 2% pay rise covers the 2% inflation so they don't go on strike. But look what's happening now inflation has rocketed (thanks to the furlough money printing diluting cash value). So here we gooooo.... Strike strike strike everywhere. The economy is screwed.
    There's loads more factors in favour of the shiny stuff (this is just what I can remember off the top of my head). And there are also lots of reasons to dislike silver if you look at just a 10 year period after a big spike. But the easy answer to that is; don't buy at the wrong time. Learn about economics, recession etc.
    Of course, I'm new to metals. Maybe naive and if anyone ridicules my view I'll take it on the chin. I'm simply relaying things I've learned and read (by probably biased people!)
    I see silver medium risk, gold low risk so I invest pretty much equally in both. As I've said previously, if metals do bad - my properties do good and vice versa so I'm happy with my balance 😊. 
    Whatever happens I hope we all prosper.
    Happy Saturday! 
  6. Like
    ExUmbris reacted to GoldDiggerDave in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Silver is not a good store of wealth, can you really call it "a store of wealth"   you will also hear the mantra "it's a protection against inflation"   
    1 Silver in the last 10 year had not moved in price we can all agree on this.
    2 if silver has not moved with inflation, so anyone who can use an abacus or count on their 10 fingers can work out it dose not protect you against inflation because it does not even keep up with the very thing it's supposed to protect you against.  
    3, if silver does not move with inflation you are losing  more of your  "store of wealth" the longer you hold it 
    4, you could have bought almost anything  over the last 10 years that would have stored more your wealth than silver and or protected you against inflation.
    5, £89 per unit 10 years ago £169 per unit now thats a 89.8% price gain remind me again how much silver has moved in the last 10 years? see number 1 
    Is amazes me the number of people who buy into silver and don't understand basic economics, yes fiat loses around half its value every 10 years, so if you lock your fiat into silver (hers that quote again) "as a store of wealth" then silver needs to double in price  over ten years just for you to retain your original purchasing power......Are we learning anything yet? 
    So many people go along with buzzwords they have heard someone say "it's as store of wealth"  "it's a hedge against inflation".......And when it dose not work out they way people thought guess what they say?........."silver is manipulated"    this is moronically hilarious  sorry I don't have an emoji to show how stupid this is.  
    Mate buy into silver and believe what you want,  but I'd strongly recommend you look into buying silver with some scepticism or in another 10 years your "store of wealth" will lose more of it purchasing power as we have already seen this year most fiat currencies lose around 35-40% of purchasing power in a 9 month period  and silver has decreased in price by another 9.8%.......Can you not see this yet?   Mate come on wake up, fiat has lost 35-40% though inflation and yet your "store of wealth" has lost another 9.8%......How much money do you need to lose before you wake up? 
    Folks I'm not out to be the bad man here but I can not go along with the silver cult when evidence and facts shows silver is not a good store of wealth over the last 10 yeast, silver has not protected you from inflation of the last 10 years, silver has lost 9.8% of it's value this year while we are seeing fiat losing 35-40% of its value.
    This year alone silver has to increase by 40% not go down 9.8% to give you a hope in hell of retaining your original purchasing power over a 9 month period.....And its worse than this as in the uk you have to allow for 20% VAT and 20% dealer premium plus postage so we need silver to more than double (I calculate  this  to be 233% to break even)  in price over 9 months to sell back your silver to the dealer and retain your store of wealth from the start if this year.  
    If fiat is losing so much of its buying power you might as well buy 10 pairs of boots, clothing anything that you will need and does not perish now as this is a better way of protecting you against inflation than silver ever has been  in my living lifetime.
    I hope I've cleared up your confusion! 
     
     
     
     
  7. Thanks
    ExUmbris reacted to LemmyMcGregor in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Not that young mate, 46 in 4 weeks and I feel like I ****ed up most of my life, at my age I don't have have a family, house or business; when you're 20 you've got potential to offer, when you're nearly 50 you haven't got much potential and if you haven't got anything to show for you're toast.
    Please, don't see it as a self pity post, it is merely acceptance of my own faults and I have no shame of saying things how they are, if you want to address a problem you need to be honest about it, and this is me simply saying it how it is. I haven't said it for sympathy, I merely used it to point out how different views can be explained when you consider that we all different backgrounds.
    This said, I'm here because I've turned a page, I'm moving to Wales because I plan on buying there next year, I'm selling my Harley to get a deposit and in the next 12 months I should be able to have my place, if everything doesn't go tits up... I'm working on starting a business and I've joined the Silver Forum to better understand precious metals and stash some away, and met some interesting characters in the process, hell, I even decided to have a dip in the stock market and got a couple of shares of my bank, so that if I have have to complain I can say I'm a stockholder, it's just pocket change to get my feet wet, but if you would have told me 5 years ago that I would have owned silver, gold and shares of anything I would called you a lunatic.
    I'm a better man than I was and I am happy about the road I've taken, no regrets, but it doesn't change the past
  8. Like
    ExUmbris got a reaction from katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    I am confused. I see your argument and what you are implying but it looks to me like all these items that are now much more expensive just go to show how much less out fiat will buy us now because of inflation. Silver being manipulated by big players toward whatever end has stayed fairly low in price meaning our less valuable fiat can still purchase similar amounts. If silver is viewed as a  investment for shorter term gains it is likely a poor one (unless the believers are right and it shoots for the moon) but because of the artificially low and fairly stable silver price it has been acting more like gold in that it can be seen as a store of wealth. I understand it is less efficient due to premiums and size required for storage but I think it wins out against trying to stack it's equivalent in value of doc martin's after sales tax and storage unit fees. 😂
  9. Thanks
    ExUmbris reacted to theman73 in Why silver price is going down when we have such inflation?   
    I will buy it, but still no answer to the question.
    In my opinion is 100% manipulation by USA and London market
  10. Thanks
    ExUmbris reacted to GoldDiggerDave in Why silver price is going down when we have such inflation?   
    I’m am what most would describe as a prepper, and yes I have distrust in the government and the banks.
    if you think a bit of silver or any PM will save you in a SHTF event then you are simply kidding yourself. Especially if you still have debt obligations. 
     
    The banking system collapses, we see hyper inflation……at that point how can you liquidate your silver  stack and what for? £200 per oz in a scenario where the currency is depreciating  into nothing overnight the £200 might be worth 50p the morning when you wake up.  

    in a SHTF event it’s very likely all digital means of money transfer will be stopped or rationed to very small daily amount. 
    Some are almost wishing for a reset, I’m inclined to agree there will be one, but I can tell you you will not be allowed to buy a house for 2 grand.  The 99% will be cut out of the system and the 1% will mop everything up.  Some have a dream of holding a bit of PM and over night after the rest they will become rich………this is so moronically short sighted. 
     
    folks the game was rigged before you were born and will continue to be rigged long after you are gone. 
  11. Sad
    ExUmbris reacted to g33x0r in SILVER DEALS - (USA & Canada) See a deal, post it here   
    Premiums are bat c**p crazy these days.  There's no incentives for the online dealers any ways, to be offering deals. 
  12. Like
    ExUmbris got a reaction from ArgentSmith in SILVER DEALS - (USA & Canada) See a deal, post it here   
    No deals on silver since June 10th? Come on folks, I've got currency burning a hole in my pocket begging to be turned into money!
  13. Like
    ExUmbris reacted to CollectorNo1 in $30 Silver........when?   
    And keep your powder dry 👍
  14. Like
    ExUmbris reacted to sixgun in $30 Silver........when?   
    You don't need to hope - it is not a matter of if, it is simple a matter of time. Yes there might be a coronal mass ejection and half the globe's electrics will fry. Some people might suffocate on their face nappy, some kid might get myocarditis from a clot shot and never live to see it. But if you have a small number of years still on the clock you will see it. The world is changing very fast. Much faster than the vast majority realise. This is why we see all this nonsense with the virus - some of those allegedly in charge are in a panic. They have virtually run out of buttons to push. Stock up, lie low, watch and wait. That's my motto. 
  15. Like
    ExUmbris got a reaction from jluistpaiva in Full Stack / Full Collection Photos   
    When I say I am new to stacking, I was not being humble. This was given to me when I was about 8 years old. It is the only piece of PM in my possession... well, until my order from APMEX arrives that is.
     


  16. Like
    ExUmbris got a reaction from GrandadLion in *All members* 1oz 2018 American Silver Eagle 1oz Silver Coin   
    Thank you all very much! What a nice surprise.
  17. Like
    ExUmbris got a reaction from NeutronJack in *All members* 1oz 2018 American Silver Eagle 1oz Silver Coin   
    Thank you all very much! What a nice surprise.
  18. Like
    ExUmbris got a reaction from Arganto in *All members* 1oz 2018 American Silver Eagle 1oz Silver Coin   
    Thank you all very much! What a nice surprise.
  19. Super Like
    ExUmbris got a reaction from Lr103 in *All members* 1oz 2018 American Silver Eagle 1oz Silver Coin   
    Thank you all very much! What a nice surprise.
  20. Super Like
    ExUmbris reacted to ChrisSilver in *All members* 1oz 2018 American Silver Eagle 1oz Silver Coin   
    Congratulations to @ExUmbris for winning @internationalstacker's draw!

    Please send your shipping address to @Lr103 and he will kindly dispatch your prize  
  21. Haha
    ExUmbris got a reaction from RedDragon77 in Silver Monitoring Thread $ (USD) only   
    Dropping like my stack in that boating accident.
     

     

  22. Haha
    ExUmbris got a reaction from BjoScott in Silver Monitoring Thread $ (USD) only   
    Dropping like my stack in that boating accident.
     

     

  23. Super Like
    ExUmbris reacted to silenceissilver in The coming Gold crash   
    I didn't belittle you but wanted to express, I think the crisis is about to come for sure. I tried to say in an understatement, sorry it sound belittling to you. And, no, I won't help the NHS, I would rather have it abolished and replaced with private health care. Then I wouldn't pay for it, get nothing out of it and be asked to work for them for free on top of it and probably it would become more apparent than it is anyway that Corona is a normal seasonal flu. In any case with less government poor people wouldn't be that poor and could afford much better private health care for probably £100 a month.
  24. Like
    ExUmbris reacted to sixfour in Full Stack / Full Collection Photos   
    My attempt at a full stack picture
  25. Thanks
    ExUmbris got a reaction from BedMac in *Premium Members* Win a 2020 1oz Silver Lunar Series 3 Mouse   
    Congratulations! @BedMac
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