GenX

Has anyone been tempted by any of the beaten up Russian mining stocks, POLY, POG or EUA. Could be an opportunity of a lifetime in the long run.
 

I was at a fuel pump yesterday and a guy on a scooter was behind me
we both acknowledged the crazy panic buying, which ironically we were also part of. 

He was talking about fuel prices & mentioned he has made £14k profit on Cardano (good for him) this year. 
But when you go anywhere near the topic of it being banned they just dont or cant believe that it is possible.
I certainly think it is and it will happen when the CBDC's get rolled out. 

He then said 'I also have 7oz of gold i bought at £700' to which I said 'damn I hope when im as old as you I get it sussed' - luckily he laughed.

I’d love to afford what I can buy, but at the moment I can only buy what I can afford! 

Welcome @AussieSilverStandard Good to have you here!

It's a coin not hitlers pubes
Remeber the atrocities the UK  have caused dating back 100 of years murder, slaughter, taking over countries no one objects to the queen's coins 
USA native Americans? 
History should never be forgotten its what makes us grow but at the end of a day its a coin 

My sovereign from H&B has turned up as well. 
 
Normally I would weigh and measure the coins but don’t want to damage the “posh” capsule. Doesn’t look like it can easily open.

BigMac.  There's no making sense of the perfect time to buy, if you knew that you'd be a very rich man.  A good place to start are secondary market bullion Sovereigns and have a game plan, a  sovereign a month or every few months.  If you are buying for the long term daily/weekly fluctuations don't really come into it (baring a massive gain or crash)  even large shifts level out over time.  
I see people buy into gold and once they have it in hand they expect too much too soon and are watching spot prices every second of the day.  Some have very low attention spans and sell gold off as fast as they buy it normally at a loss.
Don't over stretch only buy what you can afford to hold.   

My little opinion is that regardless of silver rising or falling, it will always be a better buy than 99% of the pointless things we buy these days.
 
My reason for starting to buy silver was my son being born. Everyone likes to treat themselves every now and again and I used to buy all sorts of gadgets and tech, all of which becomes basically worthless in the long run unless you know what you're looking for. (Nostalgia value)
 
So these days my treat might be a new silver coin or a 1/10th gold, for the inner magpie.I'm fairly certain that no matter what happens these will always hold some value. No-one would ever throw them away, unless they were a complete idiot. 
 
If the price did shoot up in whatever currency area you're in then there are bigger problems on the horizon and you may have enough to buy your way enough travel to get to a safer part of the world. Or you may get shot and have it all stolen.
 
Like many say, it's an insurance policy.

This is one of the reasons i put you on ignore. i wasted so much time trying to point out the market manipulation. So many times pointing out banks creating currency out of thin air and silver out of thin air is a swindle - but you would never have it so i gave up.

This is the point of #silversqueeze. It is taking physical silver out of the system. The Sprott PSLV for example is being heavily supported by Wall Street Silver - they are taking many millions of ounces out of the system and paying a premium to do so. This is causing the 500:1 paper to physical circus at the LBMA to unwind. It will cause the Ponzi scheme to collapse. It will eventually do that because this is relentless - Wall Street Silver now has 112k members and constantly growing. Kinesis is growing. There are more and more putting their shoulder to the wheel and we will push this monstrosity over the cliff.

You no doubt will say it is the market in action and for once you will be correct. 

Looking at the chocolate bar, if that happened, that would definitely and metaphorically be a "credit crunch"! 😅

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.

The answer is, how high the silver will rise will depend on the level of inflation, i.e. depends how worthless the fit currency will become over time. 

The answer is, how high the silver will rise will depend on the level of inflation, i.e. depends how worthless the fit currency will become over time. 

My sovereign from H&B has turned up as well. 
 
Normally I would weigh and measure the coins but don’t want to damage the “posh” capsule. Doesn’t look like it can easily open.

He'd have a job putting it on!

"On Tuesday, it was sold by shoe designer Stuart Weitzman to a bidder whose identity has not been revealed.'
Come on...which one of you reprobates doesn't want to be identified....

Secret service sting, yuckkk 

https://www.bbc.co.uk/news/world-us-canada-57402432
This is quite a coin!

@Dougall1 would be interesting to see what your thoughts are and if you have decided what direction you are going.
I ploughed 70-90% of my spare cash into the mortgage, for years my commission and bonus were used to pay off the credit cards as I set myself the goal to be mortgage and debt free before 40.  I’d did this by 38,  I’ve only had normal jobs and been made redundant 3 times in the process.  
 
Peole look at their money being stored in lots of different pots, I’ve found this a bizarre view.  If you are minus 100k in debt and have plus 10k in a bank account you are still minus 90k plus compounding interest.  As boring and possibly condescending as I may sound (which I’m not trying to do) debt control is key, it’s nice to have shiny stuff, stocks etc and yes you could make money, but as close as a guarantee you will ever get is to pay debt off quicker, it’s not glamorous, trendy or something you can talk about in the pub but it’s totally life changing and anyone can do this.  
 
I know people on the face of it you would think they are seriously well off, they need 4-5k per month income to keep the lights on.  Many people have slipped into a lifestyle that’s  simply unsustainable.  
 
Being made redundant early on in life has taught me some serious life lessons, before you buy or invest in anything a good question to ask yourself is, if it all goes pear shaped and  you lose some or all of your income how long can you last before the wolfs are at the door? 

You are probably going to get overloaded with a lot of replies which could be counter productive, however. I would suggest you could get incredibly diversified across the entire world stocks with £300 per month. You could set up a Dd for a low cost, global equity tracker, that tracks the entire world stock market. Vanguard is a good place to start. If you are young, put it all into equities (stocks and shares) . If older or less risk tolerant, balance with. A % of bonds. There are ready made packages to drip feed into. Keep gold to around 10% of your “portfolio” Good luck

@Dougall1 It may be more prudent to have some allocation in stocks in your ISA or SIPP and a smaller portion of your portfolio in gold. Historically stocks have produced better returns than gold. PMs are more of an insurance policy to preserve your wealth. But, of course, it all depends on your investment aims. 

@Rll1288 A very wise decision. The last year has changed habits for many of us.
I'm wondering if the current stock market bull run is partly "sponsored" by people who are spending less and therefore investing in stocks.

@Dougall1 It may be more prudent to have some allocation in stocks in your ISA or SIPP and a smaller portion of your portfolio in gold. Historically stocks have produced better returns than gold. PMs are more of an insurance policy to preserve your wealth. But, of course, it all depends on your investment aims. 

Hi everyone,
   I'm a Melbourne (Oz) based Antique & Decorative Arts dealer, Silver Stacker & lover of all things old, vintage & rare.
  I've been stacking since 2009 & my stack has grown and shrunk numerous times since then, both through necessity as well as opportunity (the former regretful, the latter when I knew I could make a quick, decent buck) but it has never been reduced to zero Oz's & hopefully never will.
  Although I really love vintage bars & rounds, I also love value for money and appreciate a low dollar cost average per oz, as a result, I have a very varied stack.
Not sure what else to say so I'll leave it at that for now.
Thanks for having me!
 
P.S. Included is an image of my latest Ag purchase; A Continental .800Ag Pill or Snuff box.

Im a new member to this group however a long time silver, gold, coins and crypto collector/stacker/trader/holder.  Definitely looking for future business with people who have the same interestsz!