ArgentSmith

To celebrate 51 years from the moment God's mercifully gifted this planet with my existence.
185g 999 silver (38g plus 45g plus 50g plus 24g plus 28g) by St Bees 
Auction start now
Starting price £1
Increments whatever you like
End auction today at 9 pm
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Above is the only point I disagree with, the elephant in the room is silver production as a bi product of copper mining. However if prices are artificially suppressed for an extended period the result is always shortage. If Silver is moving east as is gold then the Comex (crimex) would soon run out of silver to deliver, which may happen but the price would react violently.

Great post except I don't get the logic how demand and utility would keep a lid on prices unless we have a command economy. Have read this idea before on the forum. Profit is the only incentive to mine/recycle miners don't care if someone else wants cheap Silver.

In free market conditions I totally agree. Demand and utility would push the price up. However, with the amount of vested interest in the commodity by big business it's never allowed to get too expensive. We all agree, I feel, that the markets are manipulated. I'm not suggesting a conspiracy by one or two all powerful actors but more of a flow or direction of big industry and the financial markets. In this real world case, it's utility to them to make a monetary gain is far to important to allow the control of the price to be run as it would in a free market. Sounds counter intuitive but how do we explain it's real world suppression. I'm sure @HonestMoneyGoldSilver could produce a short dissertation or thesis on the increased uses of silver as an industrial metal in our ever increasing march towards a digital utopia and EV's. Yet silver is still languishing where it is price wise. 
As for " Profit is the only incentive to mine/recycle miners don't care if someone else wants cheap Silver." Your right But it's mined along side other metals and if we look at the production cost to the price of silver. It would seem that it's never allowed to get too far above it's production cost. Controlled in the financial markets. If the price drops below production cost miners hold till markets increase the price. Then to obtain funds locked up in the physical stock, will release when price goes close or above production cost. 
In short, Lots of moving parts and parties involved in silver, too many to allow the small number of investors to push the price up. Just my thoughts. feel free to disagree. 

Silver has started to outperform Gold recently, this trend is in early stages imo

Great post except I don't get the logic how demand and utility would keep a lid on prices unless we have a command economy. Have read this idea before on the forum. Profit is the only incentive to mine/recycle miners don't care if someone else wants cheap Silver.

Thank you, mate!
Finally, someone explained logically that I am not a moron and my stack is wisely balanced at 1:1 gold and silver value.
I will drink a goblet of wine "à votre santé"!🤗
 
 

Thanks for everyone’s input appreciate the conversation and hope to do buisness with you all one day 👌

As most here I have a bit of silver. To be totally honest I don't know why, but I like to keep in-between 12/1 and 8/1 silver to gold, I think someone mentioned that coming out of the ground there is 8 times more silver to gold and it's stuck in my mind. My gold is in the form of coins and mostly sovereigns and the silver I have is mostly in the form of bars. I do prefer the kilo bars to the ounce coins though. The issue I have with silver is the premiums and the VAT. I do try to keep an eye on the average cost for both gold and silver.
As some interesting metrics, Currently I'm at £1,627.96 oz on my gold and £20.08 oz on the silver. Also whilst I have 9.58 times more silver weight than gold, my gold value is 8.92 times more at spot prices than the silver.
I just think silver as an industrial metal is too useful for industry to be allowed to get too pricey as an investment metal. Gold on the other hand as a tier 1 asset I think is the one to stack.
 

The Pearson's r coefficient between gold and silver ranges between a moderate and very strong positive correlation depending on the period in question. In general terms:
A correlation coefficient between 0 and 0.3 (or -0.3) is considered a weak correlation. A correlation coefficient between 0.3 and 0.7 (or -0.3 and -0.7) is considered a moderate correlation. A correlation coefficient between 0.7 and 1 (or -0.7 and -1) is considered a strong correlation.
Over the last 20 years the gold/silver correlation coefficient has been >0.7, meaning gold and silver prices have been strongly correlated over that period. Over the last 45 years gold/silver have at a minimum been moderately correlated throughout with extended periods of strong correlation
In plain English: you can't stack gold and claim silver isn't an investment without committing a logical fallacy - i.e. calling silver a "non-investment" by default also makes gold a "non-investment" due to their strong correlation. Declaring you stack gold while simultaneously dissing silver and calling it "a waste of money", is essentially dissing yourself
Over the last 3 months in GBP, gold is up 17.32% while silver is up 22.29%
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Commander Locke: Damnit, Morpheus, not everyone believes what you believe.
Morpheus: My beliefs don't require them to.
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What else can we say about silver? Lots of things as it happens with silver acting as a proxy for global growth, mirroring the performance of Chinese GDP. Would we say that the MSCI Emerging Markets Index is an "investment"? Hmm, I guess it depends if we base our conclusions on personal opinions or observable facts

 
Hmm, interesting. Is there any reason why silver should behave in this manner as a lagged proxy to Chinese GDP? Funny you should ask, there is:

 
The price of silver is correlated to Chinese GDP and the manufacture of solar panels and batteries, which China has a virtual monopoly over. Well that's a strange coincidence. What would be really weird is if I told you the Chinese are starting to stack silver, like you said nobody would do. The US military are also stacking silver. That's all very odd for a metal they don't believe in. What would really seal the deal is if silver had a superior blend of performance metrics to any other naturally occurring substance that makes it ideal for certain applications. Silver has the highest conductivity of any metal, the highest reflectivity of any metal, is both ductile and malleable along with having antibacterial and catalytic properties

 
I guess that seals the deal then, silver is officially an investment
FWIW @BipolarStacker, my money would be on @Earthmetal 👍😁
 
 
 
 
 

Wassat for those of us who are not rocket surgeons?

Silver has started to outperform Gold recently, this trend is in early stages imo

Pls

FDC condition
 

It's 2024, who the **** is going to mine it at sub £15 oz?

I wonder if/when Bidens Earth Day announcement of 7bn fund for solar will impact markets

Shanghai
23 Apr 2024 
PM USD 29.86
The Chinese are maintaining the $3 premium, at some point the West is going to run very low on Silver.
They seem to be ridding themselves of US Treasuries and buying up commodities instead.

(Reported self for mentioning USD in a GBP thread)

Silver has started to outperform Gold recently, this trend is in early stages imo