tealcisgod04

My 2021 Gold Expedition 
 
 
 

Working to keep dealer premiums high is all, on that front its mission accomplished. 

Down To The Moon !! 😂

The Silversqueeze is squeezing the wrong bit 😳 
Strangely, Gold is relatively unscathed at the moment

I’m a little obsessed with the team 🇬🇧 coins. Received both silver 50p and Piedfort. Lovely coins in excellent condition. 

Don't want to spam this thread with my junk silver but I ordered some more rocking horses during the week and this one just blows my mind.  The muscles on the horse, the mottled rubbery skin of the dragon, the beautiful texture in the horse blanket.  George has lost a bit of detail around his hairline but this one really showcases his steely Yul Brynner expression haha!😁

 

Don't want to spam this thread with my junk silver but I ordered some more rocking horses during the week and this one just blows my mind.  The muscles on the horse, the mottled rubbery skin of the dragon, the beautiful texture in the horse blanket.  George has lost a bit of detail around his hairline but this one really showcases his steely Yul Brynner expression haha!😁

 

Thor rocked up at my house today...

Thanks for your comments!  
There was certainly a quarter ounce Britannia released in 2014 produced with silver recovered from the wreck of the SS Gairsoppa.
Indeed, there was that special edition 1/4 ounce Britannia minted as a one-time  commemorative but it seems more of a numismatic piece than bullion.  The current release is nearly identical except for an updated portrait and no text on the sides of the coin.  (Also, I don't think this coin has the new security features seen on the 2021 1oz Britannia.)
I have to tell you there are not such things as sovereign 1oz coins, so I hope you haven't been buying any non-existent coins.
33% premium reasonable - not totally unreasonable, but why pay so much for bullion?
I meant sovereign in the general sense of being issued by a government mint, not the Royal Mint's specific Sovereign gold coin.  
As for justifying the cost, that's why I came to seek some perspectives here.  In my mind the smaller size could fill the niche left vacant by the lack of easy access to junk silver and in the current environment, I think the increased premium would be recouped on resale.  Additionally, if indeed there's a sliver of a chance the value of silver does actually "go to the moon", owning smaller increments than one ounce could prove advantageous.    
I am just curious, but why stack silver and worry about the premiums on it,  when the premiums on gold are much lower?   What are you hoping to achive with your stacking?
I try to maintain a balanced stack of all four precious metals in specific percentages and this go-around is simply silver's turn come around again.  I'm not particularly worried about the premiums per se but was trying to suss out if an extra ~2.50€ per ounce for  fractional coins is worth it versus the standard one ounce coin.
As for what I'm hoping to achieve, it's multi-faceted:  long-term savings, SHTF insurance, accumulation of intergenerational wealth, and, last but not least, collecting shiny things is fun! 

Received my Silver Forum Bar today and my goodness, it's even more amazing than I had imagined. Thanks so much BYB!

Oh yes I'm def going to try and get one every year 100%

Thanks BYB mine arrived the other day and I made a video on my tiny 5 sub YouTube channel  🙂
 
 

Oh yes I'm def going to try and get one every year 100%

Good review and I'll take a look at your channel
I will say that imo these lovely little bars make 'more sense' (and are much more alluring!) when you have two or three to jangle together in your hand. They are really tactile and a pleasure to play with. So, if it's your first year and you could only get one, make sure you get subsequent years (or perhaps make an offer to the owner of your bar's number from previous years)! There are also discounts for membership levels and some postage discount on multiples, which all helps.
Silver's really shot up since last year and I couldn't afford all my last year's bars. I was very pleased that when I put some of last year's up for sale at this year's prices they not only sold out within an hour, I was swamped with people wanting to buy them!

Thanks BYB mine arrived the other day and I made a video on my tiny 5 sub YouTube channel  🙂
 
 

Thanks BYB mine arrived the other day and I made a video on my tiny 5 sub YouTube channel  🙂
 
 

Thanks BYB, these beauties arrived yesterday. 

In a word, no.
First, I don't think silver is going to hit the moon.
I bought into the hype back when silver was $5/oz, the fiat crash was coming, just around the corner in fact, the dollar was going to go down and burn.
Well it didn't. Did it lose purchasing power? Yes it did.
Has it been highly inflated since the early 2000s? Yes, for sure.
Has silver gone to the moon? Well that depends how high the moon is, $20? $30? or $40? 
What I did see was a healthy profit on those 50 or so oz of silver I'd accumulated at $5. So was it a bad move? No it certainly wasn't, it was quite lucrative in fact and I'm still in profit on all of those holdings.
The biggest problem for silver is that the financial system is heavily rigged against it. They will always find a way to knock the price down. Should silver be worth more? Yes probably.
So Basel III arrives, it won't make much difference they'll just restructure how they do the price knockdown. If the market is so lucrative for the big banks they'll find a way around the rules, they have lots of lawyers etc. All good for finding legal loopholes.
The whole banking crisis of 2008 was supposed to have brought in reforms and tightened up credit and brought about responsible lending. To be honest, people have short memories and I don't think much has changed, if anything it's same old, same old. The lure of a quick buck being simply too strong to resist, they'll just have rebranded and reworked how they run the same old schemes.
Am I a cynic? Yes totally.
So what if silver does head to $100, $1000 an oz? Well if that happens then there is a wider currency crisis at hand and that will result in one of two things: a revaluation - a la Turkey, where they knock a few zeros off the currency. So your $1000 oz of silver, suddenly becomes worth 10 new dollars. Or they will switch to a digital currency where your £1000 oz of silver becomes worth 15 Britcoins.
If silver does make $1000 per oz, then I ask you what will the price of bread be, $750 a loaf?
A rapidly rising silver price won't equal life changing profits in a currency collapse, it will hopefully simply sustain your current net worth until recalibrated into a new currency format. Or at best give you a tidy profit, like my $5 oz purchase going up to $20/$30. Can't exactly retire on it though can I?
I suspect the price this decade will mostly fluctuate between $15-$35 oz. We might break ground at $50 an oz by the late 2030s, based on the steady erosion of inflation.
If a pandemic and worldwide lockdown can't send silver heavily skyward, nor conflicts throughout the 2000s, 9/11 or the banking crisis of 2008, then I struggle to forsee what could send it to the moon and make it stay there.
Maybe we'll hit $100 by the end of the century? 2100 here's looking at you...

Short term
If Basil III kills the fake paper gold market on the 28th of June then it’s likely the price of both gold and silver could shoot up overnight. It may depend whether or not they class gold as a Tier 1 or Tier 2 asset though.
Medium term
If Basil III doesn’t have an impact at the end of this month then I expect gold and silver to go up but only inline with inflation. With all the quantitative easing by central banks across the world during the pandemic we could be in for some massive inflation over the coming years so the price increase of PMs should go up just as fast but that would irrelevant if the price of everything else goes up just as quickly too.
Long term
If the current trend of less silver being mined but more being required by the electronics, battery and solar panel industries continues then this means the supply/demand ratio will gradually push the price of silver up over time.

No-one has been to the Moon. They just pretended they did. You can't travel through the Van Allen radiation belt and survive.

Many thanks to you and Mrs BYB for all your hard work and to all others who pulled strings behind the scenes. Being a newbie in this world it just adds to a wee sense of belonging if you understand me? 

Recieved today aswell. Thank you so much! Super happy😁 

A boat load of parcels went out today, but having to process over 100 individual orders proved too much even for the mighty efficiency of the BYB packaging department....
This second boat load will be dispatched tomorrow.

199 please.   🤖 (Just posting this side of the update in case last one got lost #donthateme)

Don't want to spam this thread with my junk silver but I ordered some more rocking horses during the week and this one just blows my mind.  The muscles on the horse, the mottled rubbery skin of the dragon, the beautiful texture in the horse blanket.  George has lost a bit of detail around his hairline but this one really showcases his steely Yul Brynner expression haha!😁