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OldCoin

Silver Premium Member
  • Posts

    887
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  • Country

    Australia
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About OldCoin

Profile Information

  • Gender
    Male
  • Location
    Australia
  • Stacker/Collector
    Both

My Precious Metals

  • Metals I am interested in
    Silver
    Gold
  • I am interested in
    Bullion
    Collectible bullion & Semi Numismatics
    Numismatics (Proof coins)
  • My current Stack/Collection is mainly
    Silver
  • What I am collecting / Investing in
    Pre decimal Silver of any kind, 1/10-1oz Silver coins, and bars from known mints

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OldCoin's Achievements

  1. I came across this, posting for entertainment purposes, make of it what you will. Interesting how the PM stamp is in middle of bar so each half has the makers mark, less arguments if splitting it with a mate ! This is a bit crazy LOL
  2. Exactly, just keep buying it's a waiting game, and one day you'll be real glad you did. Probably real soon when all hell breaks loose in every market, but when is not the most important thing, main thing is you have it and enough to see you through.
  3. Yep but a significant one as it broke yearly lows
  4. I have been buying, and the price keeps dropping, looking for the news on why this is happening. This dude says Elon the muskrat plans to mine space but could just be a dump and pump after his increased acquisition??? I don't know ? Can anyone confirm the latest market factors in their opinion or give links ?
  5. I'll store it free !!! I have to agree with this, but I understand there are factors that make having in ones posession difficult.
  6. Increased premiums for in stock items when stock is scarce is not unreasonable IMO however it depends how much. In any case I understand that this is easily determined by what the buyers are comfortable to pay, the competition will be doing the same and the buyers will side with the better price in that particular local market, ofcourse customer service and ease of business make a difference. I happily pay $1 or more extra per oz to get better service, less wait time with a dealer v's one with poor record of customer service. (when you have to enquire if they can update an invoice paid after 2 weeks etc) The secondary market in Silver has been almost non existent anywhere for the last year or duration of Covid. However some US dealers are paying over spot to get secondary into their inventory. I think it's boom time for all G&S dealers, the ones I've used in Au seem to have done exceptionally well over the last 10+ years no matter what the market was doing, some have done well with cryptos too even if they have the highest premiums anywhere. The market is short of product, and I hear rumor that mines and even dealers are holding stock back, which is good and bad I guess, bad if you are buying good if your bought and holding. I've been lucky to get some Eagles of older years at a very good price s/h last week. Dealers selling new eagles $16 ea more than I paid. (Probably 10 pounds in your money)
  7. Not necessarily but it's fair to defend him against your assumptions, for me it's more defending the principals of the entire movement not only @sixgun whom I believe understands this. Ofcourse it's up to @sixgun to state his reasons if he wishes. You're an interesting fellow, it's very hard to have a reasonable discussion with you. Youre always baiting for an argument it seems. My point was made, principals matter more than a number. Speculating to defend ones self in an attack on another mans reasons, is a sign you are on shaky ground. Everyones reasons will be different so generalisations miss the point on that fact, I was trying to reasonably help you see a bit clearer. As usual you are not listening.
  8. "guarantees" Who can say wheter a fair price predicicted market will provail in the short or long term, it would appear things are strengthening though. All in or not it's always wise to be optimistic. To, by principal believe in silver and even have an all in position, is not any "guarantee" of anything becommuing just in the world, so all in is not always wise even if the market is all set to be freed from manipulation. The world is a screwed up mess and even if by principals we turn it round it will take time. Theres a lot of shades of grey not everythings black and white.
  9. Either way I have no problem what anyone's position is, what matters is their reasons. If you speculate to another man's reasons for not being "all in" then how is that any better than the speculators who fudge this market. My comment speaks for itself, each has their reasons and I respect these reasons can be personal. The position size is not determined by principals necessarily. (emphasis on necessarily)
  10. I think many people believe in principals first, many on this thread are here because they believe in the principals of Silver, for numerous factual reasons. Therefore, isn't the number of their holdings irrelivant ?, all in or not most men are principal driven, I for one am. The problem with Silver price is the speculators. Your comment is also speculation !
  11. Thanks for the link will watch tonight. I heard of this the other day, so now what we've been seeing is confirmed, finally a forthcoming mint being honest about the situation, so now maybe people wont label all dealers as being hype when they tell us the same.
  12. A further thought, particularly to the question of metals dealers being over hyped. To be objective they are a good sourse of market suply/demand, and they have their feelers out for every influencing dynamic effecting the market, so as long as they are honest and not giving financial advice-they provide excellent info to the market for investors to help them make descisions. I think to be fair to try and seperate their hype/speculations from their fair concerns. It's obvious some have raised some fair concerns and that has helped the market shift in a positive direction towards real price discovery and this move will help to expose further cracks showing us how fragile it really is. Everyone has a right to put their analysis each way, but when one oppssing view blankets the said facts above as all hype it's more than a gross generalisation, so essencially hype also, just of an opposing kind. These fair concerns that have been raised over many years not just Silver Squeeze (which is new) have benefited all dealers, as this investment group grows (and we all know the reasons obviously eg undervalued) And that's a good thing, the dealers are an important part of the market. Now the Crypto crash and the building momentum in G+S might further help the demand on S to grow this year, and as the economyy further declines and inflation creeps in that demand will grow if not stay steady, it will be interesting to see if that demand can keep up, in any case I think something will be wrong if prices don't break last years high. Thanks mate. The bickering doesnt help out collective plight, but sometimes it's fair each needs to vent off a little or get's a little passionate. Sometimes we all get a change in our understanding reflecting with others agreeing or not, can be amusing too. I spent many years studying and am still studying Scriptures to tie it into or build my historical understanding with it as a foundation was the motivation, the journey has changed tack somewhat but the truth cant be known properly without that reference point, ultimately I'm a realist who wants the truth and best for everyone but I understand that things need to be in a certain order to get there and that has been washed or lost in many today. As for interpretation od said scriptures I have sought to correct the 27,000 mistranslations and misinterpretations, language dialectics, translations across 4 languages, word morphs etc. I'm well aware the majority of Christian Theology/interpretation is completely off and I have been excommunicated for bringing it to their attention. I've seen the Masons in the Bible Colleges. It's almost completely infiltrated by Satanists, or is promoting wokeism BS. I enjoy your posts also, thanks for sharing your thoughts.
  13. And how glorious to see the BTC head and shoulders Ponzi 2.0 and I called it same c**p as in 2017-18 with the name musk replacing mcafee, there will be a 3.0 too LOL but it might be over, there wont be many new idiots ready to risk it or will there, maybe there will. The world is a very stupid place. Edit: No offence to anyone who's suffering losses with crypto, I was one of them in 2018 admittedly before I said never again I took a significant loss and if I had have held on till now could have done well but couldn't care less for it it's nonsense in my opinion, happy to see the market reflect this and it was so obvious this would happen Crypto is so corrupted and corruptable, just not realistic like metals are and will be in 1000 years
  14. Haha. I saw that before seeing your post, yep PM has a 1 Bil $ book keeping problem apparently. If Adams has helped people get out of this metals ILL-liquidity fiasco in the making or in the waiting, then he is a hero. It's all hype even the hype callers are a hype of a different kind. In the end though someone will be proven right and time will tell. Everyone has a bias of some sort.
  15. GOD, GUNS, GOLD !!! In that order GGG Even though you're being sarcastic and trying to make fun of people different than yourself for peer group acceptance, I will be serious and honest with you. No you are destined to be taxed to hell in the UK sadly, and religion (worldly and of man) is so corrupted as it's been controlled by those who collect tax. I love God but hate religion as it's so corrupted so your baiting is redundant, if you care you might see the distinction between the two, or just keep being willfully ignorant, untill one day you are on your knees begging for God's help. Remember then how foolish you were to be proud in blasphemy. Your Gold wont save you or sustain you, nothing of this world will be acceptable but your faith, honor and righteousness. The number matters not, God doesn't need big numbers. I pray all with eyes and ears to hear do so before it's too late for them, Thy Will Be Done in any case. May God bring us all out of this Babylon Hell !
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