SierraWhiskyMike

4 hours ago, Robda1986 said:

I'm done buying basically for the year unless the bottom falls out and I've got no plans to sell Its just fun to watch it shift so violently 

Yeah it's a hard year to work out what to do with "savings"/investments. Stocks seem to be up, despite economies suffering; silver has shot up but is now resting on what's probably fair value - but in recent history it has traded at a discount, so do you want to buy more right now?; not the ideal time to start new businesses; cash savings are clearly ridiculous; bond yields are poor and potentially looking at negative real yields; gold is at a high; crypto isn't properly established as an asset class just yet... What do you do?

Crazy times! 

3 hours ago, Russell said:

 It is Friday and there is a lot of profit taking taking  by the impatient grabbing the little profits they have made.  😉

Quite possibly but there's also funds and other bigger investors who will be rebalancing their portfolio positions, which is pretty normal whenever an asset goes up in price significantly. For example, if a fund specified 10% in commodities (e.g. PMs) and the new price rises took it to 12% it would need to sell off the 2% to comply with the fund manager's mandate. This is especially true if their equities position has taken a pummeling from the coronovirus price drops in March, which will amplify these kinds of imbalances.

Could also be that the gold:silver is low enough that some investors are cross-decking over to gold. Not the worst idea really if you're holding over 100 Troy Oz of silver: you can convert some while still holding a decent silver position for future gains.

You could be right of course but I suspect that a lot of it (based on the swathe of negative forecasts for global economies recently) is more likely to be asset shuffling than cashing out.

Well in good news: my fairly new stack is already appreciating.

In less good news: probably coming to the end of the decent buying opportunities for the year.

Mixed blessings?

On 30/06/2020 at 23:25, WotNxt said:

https://www.eldoradocoins.de/en/britannia-2020-1-oz-silver

Quantity	5+	10+	25+
Price	€20.70	€20.50	€20.30

They seem to have good prices on alot of other coins too.

I'm a big fan of el Dorado coins. Michaela's deliveries have all arrived as described and her prices on Britannias seems pretty good to me.

It's a bit strange paying by bank transfer to a personal account but I can confirm that the site delivers as promised. Will be using again!