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ProfJames

Member
  • Posts

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  • Trading Feedback

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    United Kingdom

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  1. Like
    ProfJames reacted to Pete in Tudor beasts 2oz lion bullion??   
    I took the plunge this afternoon and ordered a 1 oz Lion from Sharps Pixley and a 2 oz silver from Atkinsons after shopping around the usual suspects.
    That's me committed now - 10 oz silver and platinum to follow, but we might all be under a metre of dust if WW III kicks-off so what the heck !!
  2. Haha
    ProfJames reacted to AndrewSL76 in Has the bottom fallen out of the ROYAL MINTS beasts already!!!   
    Turns out they are chocolate coins.
  3. Like
    ProfJames reacted to Skyfiller in Cashing out of silver   
    Have 2 gallons of diesel here.
    Willing to swap for a doctors appointment.
  4. Thanks
    ProfJames reacted to stefffana in Best Silver to Stack UK   
    Hi, @ArgentSmith,
    I will tell you what I am thinking about stacking silver. It is the same answer for the question asked by @Bigmarc in April in another very interesting topic on forum:  "How much silver to hold? " see https://www.thesilverforum.com/topic/46885-how-much-silver-to-hold/?tab=comments#comment-500609.
     
    So, I've done copy/paste on here to answer at your very good question. My calculations from April are still pretty accurate even in November, at that moment the silver spot price was £18.42/g, very close to £18.39 at the time of typing. I didn't check again the silver prices at dealers to update everything, but this is the idea:
     
    " I believe the real potential of silver is in spot price, not in premium. So, now I am stacking only low premium silver, very easy to sell near spot price (1000g,  500g bars, old british currency, and scrap ). I sold already all high premium coins and I've converted all in sovereigns and another silver low premium.
    Why? Because in next future the industrial demand will generate a rise in spot price and my stack's value will increase and I will do profit only waiting. The shiny silver coins ( now at spot + 60-95% ) will lose from their high premium when the spot price will be high. The market demand will be for cheap silver, not for expensive coins. 
    I can't understand why people are interested to pay now for a silver 1oz coin £28 - £35, equivalent at £18.42 spot price + 52% to +95% premium, when the same metal can be bought easy at 0 to 30% premium in a different shape. I am not talking about numismatic or collectible products. This is another story, I don't know this game, I am talking only about pure stacking.
    About quantity... Depends on your style of life, your age, your plan of retirement, depends on what you want to give to next generation. But a minimum one is around 15kg silver and equal value in low premium gold in your stack.
    This is my opinion, I am not a guru in PM, but I prefer to stay safe, speculating only the spot price and ignoring high premium products. 
     
    Let's imagine a scenario, using today's spot price £18.42/oz silver and a future potential spot price x2.5 = £46.05/oz silver.
     
    John bought today from a dealer 1 kg bar, paying £790.62, VAT and shipping included. This is £24.58/oz, +34% premium.
    Jane bought today 32oz (app.1 kg) silver Royal Arms and she paid £1129, VAT and shipping included. This is £35.28/oz, +91.5 premium.
    After few years, the spot price is £46.05/oz = £1480.7/kg and it is time to sell. 
    John will sell quick 5% over spot, having in hand £1554.7. His pure profit is £764/kg.
    Jane will struggle to sell at 30% over spot, but because the spot is so high, she will accept finally only 10% over spot, having in hand £1628.7. Her pure profit is only £499/kg.
    It is a difference of £265/kg between John and Jane. If the stack is 15kg, the difference is £3975.
     
    But let's talk about Bob. He bought today 1kg scrap silver at spot price. He paid £592. He sold his silver in the same day as John and Jane at spot price, having in hand £1480.7. His pure profit is £888.5.
    Position in this game:
    1. Bob:   £888.5 profit/kg;
    2. John: £764 profit/kg;
    3. Jane: £499 profit/kg.
     
    This is rough, because in reality, Bob was able to buy more scrap than John and Jane, using the same money.
    If we are talking about the same money invested, the difference is huge.
     
    Let's compare now only Bob and Jane, to be more visible this difference.
    Jane paid £1129/kg for Royal Arms and Bob used the same money, buying 1.9kg scrap silver.
    Jane is selling after years at £1628.7 with profit £499.
    Bob is selling after years at £2813.3 with profit £1684, with a difference between them of £1185.
    If the stack is 15kg, the difference of profit between Bob and Jane is £17775.
     
    This is the reason I am trusting in spot price, not in premiums.
    I hope my explanation was clear enough for all new stackers. I know, it is difficult to see the real potential of scrap. But from scrap to treasure it is only a little step.😊 When you will see here scrap silver at spot price, do not hesitate and buy quick!😁
    Happy stacking, guys, happy stacking! "
    Kindest regards,
    Stefan.
  5. Like
    ProfJames got a reaction from Happypanda88 in Today I Received.....   
    Nice bar from Silver Angel arrived today



  6. Like
    ProfJames reacted to MikeB in Photography of silver for a design project   
    So I am new to this forum, but thought I'd share some pictures I took of the little silver I have which I am using in project currently at University.
    In the photos I wanted to explore surface, light and reflections.
    I know it's something different for the forum, but thought it would be cool to share my results  



  7. Like
    ProfJames got a reaction from CadmiumGreen in Today I Received.....   
    Nice bar from Silver Angel arrived today



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    ProfJames got a reaction from trp in Today I Received.....   
    Nice bar from Silver Angel arrived today



  9. Thanks
    ProfJames reacted to GreatCoins4U in Today I Received.....   
    Aw so cute 😇
  10. Thanks
    ProfJames got a reaction from GreatCoins4U in Today I Received.....   
    Nice bar from Silver Angel arrived today



  11. Like
    ProfJames got a reaction from mr1030 in Today I Received.....   
    Nice bar from Silver Angel arrived today



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    ProfJames got a reaction from damok666 in Today I Received.....   
    Nice bar from Silver Angel arrived today



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    ProfJames got a reaction from Richiesilver in Today I Received.....   
    Nice bar from Silver Angel arrived today



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    ProfJames got a reaction from Scaffstacker in Today I Received.....   
    Nice bar from Silver Angel arrived today



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    ProfJames got a reaction from Heirlooms in Today I Received.....   
    Nice bar from Silver Angel arrived today



  16. Like
    ProfJames got a reaction from Foster88 in Today I Received.....   
    Nice bar from Silver Angel arrived today



  17. Like
    ProfJames got a reaction from Zhorro in Today I Received.....   
    Nice bar from Silver Angel arrived today



  18. Like
    ProfJames got a reaction from KevinFlynn in Today I Received.....   
    Nice bar from Silver Angel arrived today



  19. Like
    ProfJames got a reaction from Fishface220 in Today I Received.....   
    Nice bar from Silver Angel arrived today



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    ProfJames got a reaction from daca in Today I Received.....   
    Nice bar from Silver Angel arrived today



  21. Like
    ProfJames got a reaction from SilverJacks in Today I Received.....   
    Nice bar from Silver Angel arrived today



  22. Like
    ProfJames got a reaction from TheShinyStuff in Today I Received.....   
    Nice bar from Silver Angel arrived today



  23. Like
    ProfJames got a reaction from MJCOIN in Today I Received.....   
    Nice bar from Silver Angel arrived today



  24. Like
    ProfJames got a reaction from Gruff in Today I Received.....   
    Nice bar from Silver Angel arrived today



  25. Like
    ProfJames got a reaction from Gordy in Today I Received.....   
    Nice bar from Silver Angel arrived today



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