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Kraken

Silver Premium Member
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About Kraken

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  • Location
    Devon, UK
  • Stacker/Collector
    Both

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  1. Congrats @Fadeingstar on your excellent mint guessing skills, and @The1GramMan for out-ridiculousing the rest of us!
  2. Kraken

    Free Silver Coin

    About 80p worth of silver for £2.50 isn't such a great deal, especially considering that if you're buying in decent quantities a lot of old silver coinage can be had at very close to spot.
  3. I was in town at the weekend and saw three separate pawn shops that weren't around a few months ago all offering to buy gold and silver. I was tempted to go into one and ask how much they'd sell either for.
  4. My legit guess is 309 mints. My daft guess is that there aren't any mints at all as all of them, the jar itself, this thread, and the entire forum are all part of 5huggy's Covid-induced fever dream.
  5. I wish I had ten grand spare to dump into PMs. There's definitely some nice stuff you've picked up there. I'm especially a fan of those 5 oz bars.
  6. I'd like to go on the waiting list for two bars if possible, please. I don't have any preference for the numbers.
  7. From now on, all my stacking will be based exclusively on the gold-to-bread and silver-to-eggs ratios. Anyone know of any bakeries for sale?
  8. The biggest contender I'd say is the Euro, but it's still got a lot of ground to cover before it even gets close. But yes, these are all points in favour of the dollar's continued supremacy for a good long while. I wouldn't count the United States out just yet. Russia will attempt to destabilise them, and China will try to compete economically with them, but it's not yet inevitable that they'll lose the top spot.
  9. Even debt to GDP isn't a huge red flag by itself - Japan has a debt over twice its GDP, yet is considered a stable economy. If the government were unable to collect taxes though, then that would be a major issue. I think we're broadly in agreement - every country has a big stack of dollars, so they have a lot to lose if it looks like the dollar's on its way out. The article you linked is interesting, and I think somewhat reinforces my point - the Bank of England has a lot of other countries' gold, and as is the motto on this site, if you don't hold it, you don't own it. Whi
  10. You're right that the system would collapse if people no longer trusted the dollar, but people would need a reason not to trust it - the only way this would be the case is if the US government demonstrates that it's unable to meet its debt obligations. For a country as economically strong as the US, this seems nigh impossible, although of course anything can happen. Simply having a high level of debt isn't enough to demonstrate an inability to repay. There'd have to be much larger systemic issues in the US economy - greater even than the conditions that allowed the events of 1929 to happen. Co
  11. I would be surprised to see it reach $200 / oz anytime soon, let alone $100,000. The author asserts that the price increase would not curtail industrial demand, but I don't agree - while this is probably true for, say, medical and scientific purposes, most consumer-grade manufacturers using silver will inevitably swap to a cheaper material in case they price out their target market. You might be willing to pay $1,000 for an iPhone, but you'd probably think twice if it was $5,000. There's also the questionable point that fiat currency would inevitably collapse if only silver wasn't manipul
  12. That's possible, but if you have a clean blade and don't let it heat up too much I'm not sure how much of an issue it would be in practice - the blanks for coins are cut using steel dies, and jewellers have special saws. If you were concerned, you could sand the cut edge to take off the potentially contaminated layer, or use a laser cutter (an expensive option, but if you've got 36 kg of silver you're trying to take delivery of, it's likely to be comparable in price). Additionally, you could always send the finished product to an assay office to get the silver content verified.
  13. There's plenty of uses for a 1000 oz bar: a door stop, a mantelpiece ornament... The possibilities are endless! Seriously though, pure silver is quite soft so if you've got a saw that can cut through steel you'd probably be fine - you could then melt the smaller pieces individually and cast them. Seconding this.
  14. Quick, get him to spam the thread a thousand times and then we can all buy on the cheap!
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