Spark268

Equities are being held up due to options expiry tmrw, so should see fireworks after... Absolute bloodbath elsewhere, palladium down 10%

gold: price moves more or less in real time silver: it tracks small moves in real time, but less so for drastic drops such as today 😕

I'm not sure how effective this would be, there's far too much capital out there, and whilst paying interest on it might sponge it, paying increasing amounts of interest on an ever ballooning amount of capital might end badly. Back in my day, capital was used for productive purposes, but that's a foreign concept these days. it would choke the housing markets and cause widespread devastation. Remember that the global economy was put on hold for a good year, something that has not happened before. Remove the effects of the government stimulus and the 'money illusion' and it would be clear that the post March 2020 economic recovery would barely register on the chart, after a fall that likely equals or surpasses that of the Great Depression. In that depression, at least the rich got poorer, and the poorer got better off. That crisis, however, wasn't resolved until WW2. having a bonfire might be more suitable !

I've had the same with my Plusnet broadband. Most telecoms implemented RPI linkage to their prices, which makes them an under-appreciated inflation hedge compared to inflation linked government bonds.

the non-precious commodities do look overbought in the short term, and many including timber & copper have pulled back according to the headlines. we need the precious ones to catch up!

a bit of volatility has returned after a period of calm, red across the board. The volatility looks set to continue, and hopefully the fall in silver/gold will be offset by a rising dollar...

ahh the syrian fakes 😛 Interesting article ! on the other side of the coin, pun fully intended, wasn't there prolonged periods of time where these fakes were worth more than the real thing ?

haha the original point was the nominal values of coinage does hint towards to equality in the values of gold and platinum, particularly when you look at times when these coins where legal tender...e.g. 19th century Russia had Platinum and Gold rubles (i think the where worth the same, if not platinum slightly more). Its only very recently that there's a substantial discount of platinum versus gold.

I wonder how much silver there actually is versus that of gold; through recent history silver has been used up in a lot of industrial applications and has not been worth enough for it to be used as a store of wealth compared to gold. There may be 8-12 ounces of silver for each oz gold in the ground, but above ground there's likely to be less AND definitely not close to the >64-1 to one ratio as implied by the price. Besides the ETF, there are no large stockpiles of silver as there is with gold. There's only so much times you can raid your grandmother's candlestick set. There's no silver shortage or a squeeze on an absolute basis, but yes the supply is restrained (very low stocks at the retail investment level) and strong industrial demand due to the 4th industrial revolution. The supply and demand picture for silver has never looked better. Whether this is is reflected in the price or not is the question; and given that the silver price has not moved much since last summer the price expectation is only higher. Agreed on Palladium; but platinum is better. It performs the same function, and factories have had enough time to reconfigure.

i think when the seller gets paid is based of the value of the item, status of the seller, method of posting etc . Some sellers live completely "off-grid" and in eBay, so may run a positive balance of funds anyway through regular sales. Despite having the merits of a wide audience, eBay is not generally practical for dealing in bullion.

there's a few distinctively British activities that this description pertains to 🙄

what happened to the Perth Mint? they were ahead of the curve when they ran out silver 😛

its a bit late for FOMO, everywhere is sold out even at the current premiums, which only seem to be going in one direction 😕 there's about 2 months worth of silver left in the comex, after this goes, it will have to be the price that prizes silver out of the ETFs / and or JPM's 1bln stash.

...plus unlimited dipping into your bank account for charges they think you owe them !

the Comex price remains a smidge above 28, whilst the London price is a smidge below....

I've been shorting Doge, and buying Ethereum and have doubled my initial (tiny) investment, mostly for fun. The platform (Binance) forces you to buy Tether (as a base for all these transactions) which is ostensibly equivalent to the dollar, because its owners promise to buy a dollar every time they sell a tether coin. They've sold $64bln, going on overdrive issuing more coins as the NY attorney has began investing them in mid 2020. These new issuances coincide with jumps in the bitcoin price. So Tether is a Ponzi scheme that feeds into all the other cryptos which are themselves glorified Ponzi schemes....about $2trillion's worth in total. Some coins and cryptos may have utility but their worth is being driven by the Charles Ponzi effect. Tether and the other stable coins will have to issue more and more to keep the crypto price stable, as people try to cash out. This is exactly how the USD works vis a vis other fiat currencies. How does this all relate to the gold price? Well gold is what you get when you cash in your chips at the casino

arguably it always has.... both gold and silver ending the month at $1900+ / $28 is a positive !!!

I do not know of any dealers who would offer more than £300, even though they would go though the effort of itemising specific sovereigns at higher prices. you could get a price close to that on the forum. eBay can be good for specific items, but it comes with attendant risks.

is it discernible whether the 100+ seller feedback was achieved by them buying lots of small items?

well there's definitely a squeeze in the number of Wall Street Silver members, up 7000 in one day !

and the price is the price. The existence of a premium suggests the market is not 'buying' the paper silver price (no pun intended). Take a look at this chart, which shows the GBP paper price of silver. Excluding the overshoots that occurred in April & Sep 2011, we are almost there. I omit the highs, because in a squeeze, such as the 80's and 2011, the price overshoots and becomes unsustainable. Notice that the current rise has taken a breather, rather than peaking as it did in 2011. That looks very healthy to me. Below are premiums (source: https://exploringfinance.shinyapps.io/goldsilver/). The premium for Eagles (pink line-right scale) in 2011 was around 10%, and has risen steadily to almost 30% now. Even the 1000oz deliverable bars have seen their premiums increase! : I do not see much hype on these forums, nor this thread. No one here is advocating a a squeeze. Should it happen though, the skies the limit: its just the way squeezes work.

those two price points you mentioned are extremes that lasted 1-2 days. Not an adequate basis for analysis. The retail price of silver at the moment is around 32, which comes in at $45/oz, which isn't far off. You say we are not in a squeeze: we've already reached 2011 levels (definite squeeze levels) in a non-squeeze situation, and that's fantastic ! I never said dealers are ripping people off: the original post that you (mis-)quoted states the exact opposite. This is a silver forum, so try not to get upset if people speak positively towards it. You might have a happier existence that way.

i signed up for a free trial a while back and I still get their emails. They make several calls on a short and a long term basis, they are correct less than 50% of the time. If you had followed their 'reasoned' analysis using 'recognised' sources, you would have missed out on the opportunity to buy gold at $1350 an ounce. ok Captain hindsight ! i think you need to stop making your own suppositions, generalisations and exaggerations, attributing them to other people and then ridiculing them.

these people are always negative on gold & silver, even back in 2019 when the great bull began.

haha It's a very difficult one to answer; I've personally never used H&B and so cannot testify as to the persistence of their post-sale marketing efforts. Being a millennial, I never answer the phone anyway.