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frugalman

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  1. Like
    frugalman got a reaction from Centauri167 in Let's Break Their Backs - Down With The Silver Manipulators!   
    This could be a disaster for world industry all the way down to the little guy, unless your actively stacking to bail them out in their time of need I think they (the establishment) and social media goons etc. will not look kindly upon stackers.
    Thankfully many years of stockpiled e waste is ready and waiting for industrial chemical processing. (Land filling E waste actually ended in the UK prior to the charging for the disposal of refrigerators). 
    I also stack high yield boards and chips (for fun in deconstruction and sometimes demolition), one day soon I may sell them to the RM. or another recommended processor? (Bad for the environment and probably illegal and dangerous if I were to DIM). 
    Most older circuit boards are dripping with gold & silver, not like the ones of today, I have seen a steady decline in the amount of pm's used in most boards (bar some military/hospital applications). 
    For this reason alone I think that we can add at least 8 years to any estimated time of physical silver exhaustion that we may once have perceived.
    Fascinating subject,
    My grammar will never improve   
    Thank you for your patience.
    Stack slow, stack steady, let others discover for themselves Darwinian style, there's no rush towards the end game...That's for thoughtless Lemmings encouraging everyone else to jump over the cliff with them. Also it prolongs price suppression. Not good for those that need a bit of fiat along the way. So not allowed to work as it should, as a hedge against inflation before disaster!
    Much Love. 
     
  2. Like
    frugalman got a reaction from RustyShackleford in Let's Break Their Backs - Down With The Silver Manipulators!   
    I love all the fairy tale type story's about people giving silver to friends and family members and changing their lives forever.
    Any tips on getting your point across to them? I gave up giving them what they least wanted for Christmas.
    EDIT
    It must be me, I gave up telling the old school of thought forum members what they least wanted to hear too lol 
     
  3. Like
    frugalman reacted to ArgentSmith in Let's Break Their Backs - Down With The Silver Manipulators!   
    Silver is the most conductive element bar none, advantage of gold, it doesn't oxidise, hence gold plated contacts etc.
  4. Like
    frugalman reacted to Robda1986 in Let's Break Their Backs - Down With The Silver Manipulators!   
    I'd never in a million years recommend someone buying paper silver as its just literally just a piece of paper. You never take delivery. Your never allowed to see your silver allocation. Just seems like a scam to me that anyone can pull off what's stopping anyone from liein and saying I've got 10 billion oz of silver I'll sell you but your not allowed to see, know where it is, ever take delivery but here is a post it note with some scribble saying you own some silver. when really they hold 10 oz. It's just a giant card game where all the players are writing checks their ass can't cash (top gun reff) and everyone is bluffing 
  5. Like
    frugalman reacted to Bimetallic in Let's Break Their Backs - Down With The Silver Manipulators!   
    If you invest based on crude hunches, you'll probably lose lots of money. People have lost lots of money on silver.
    A crude hunch is something like: "Silver demand and price will go up because of solar panels, electric cars, etc."
    That's not a valid method of knowing anything about the world, and no serious investor would ever act on that amount of cognition.
    To know or predict that demand will go up because of those things, you have to do research. And math. You have to find out to what extent silver is used in various products, and calculate whatever increase you expect in those products, along with any changes in the amount of silver used in those products.
    That last part is critical because it's dynamic, not fixed. There's no law of nature that says you have to put X amount of silver in a solar panel. The trend in precious metals use has historically been downward in electronics and other products. Manufacturers are always trying to reduce costs when they can, and engineers figure out ways to minimize things like PM. So whatever amount is used today is not necessarily going to be the same in 2030.
    But the key point is that you have to do research to know anything of this nature about the world. You can't know anything about future silver demand by just asserting a vague hunch. That's not anything. And if you go that route, serious investors will seriously outperform you. They'll be on the other side of those trades. Hedge funds, for example, are extremely smart and rigorous about research and data. They will find out exactly how much silver is projected in various products, and model and update it accordingly.
    In general, silver is a small market. Gold is fairly small compared to lots of industries, and silver is quite a bit smaller than gold. You'd be surprised to know how little bankers care about it or think about it. It's not important to them. Relatedly, if you look at where and how wealth is created in this world, it's not in metals or commodities. It's in intellectual property, in starting new companies, based on innovative ideas. That's where the billionaires come from, at least the younger ones. The Airbnb guys are billionaires, created a whole new market. Same with Uber, Amazon, Tesla, etc.
    If you want wealth, you have to create value, or fund people who do. You can't count on just owning a metal as a path to wealth. Maybe crypto could work out for some people, the people who got Bitcoin at a dollar or whatever, but in general speculation is iffy. Silver isn't special. It's always second fiddle to gold, and at least with gold there's a possibility of it undergirding a future cryptocurrency. That won't happen with silver. It's more of cool diversity investment. I love owning it, but it doesn't need to be the key to my life or worldview.
  6. Like
    frugalman reacted to ChrisSilver in Hello forum members   
    Hello and welcome to The Silver Forum  
  7. Like
    frugalman reacted to stefffana in 1937 Coronation Crown Opinions Please   
    No, but probably I am a dreamer. I love to imagine stories or fair tales behind a coin. Any old coin has a story, seen people, travelled a lot in a long life. Was used, exchanged thousands of times for essentials, food, drinks, guilty pleasures, lost or stolen several times, been in a silver purse or a dirty pockets, seen happiness and sadness.
    In your thoughts, who can tell us more stories: a sixpence coin, or a sovereign?
  8. Like
    frugalman reacted to Centauri167 in Let's Break Their Backs - Down With The Silver Manipulators!   
    That's 100% correct in my opinion !
    The paper scam there is with silver will not be solved by people buying silver but by people trading in their paper silver into physical silver.
    But I doubt that will happen soon ...
    Just like you say, if you get a fake money bill you ( most people ) will try to spent it quick so they don't loose money and that game will not stop soon unless regulation will come but that's something for a phantasy world I am afraid ...
     
    My advice stays the same, believe in silver but don't believe in the hype train with prices going sky high or squeezing the market dry !
  9. Haha
    frugalman reacted to KevinFlynn in Are you still buying gold now its went up in price?   
    I'm one of those sad people that have to buy the moment they have the cash 😶
    It is... it is stronger than me 😥
     
  10. Like
    frugalman reacted to Centauri167 in Hello forum members   
    Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !
     
    Quality control and the RM seems like they do not match like they should do ...
  11. Like
    frugalman reacted to Robda1986 in Let's Break Their Backs - Down With The Silver Manipulators!   
    It won't work the issue is and we've just seen it with the whole to the moon malarkey. Even if you clear all the shelfs of silver because of the massive difference in paper and tangible physical silver it wont budge the price the only way to do it would be if the larger players in the game tried to cash in the large holdings of paper they have. Only to find their not backed by diddly squat. Think of it as a fake note getting them into circulation is hard but one the first person dose it and passes it on the next person who notices its fake passes it on because no one wants to take the trillion dollar hit by buying and binning them 
  12. Like
    frugalman got a reaction from CadmiumGreen in Hello forum members   
    Thanks, been away from selling for eons, especially online. All platforms are different and I have trouble deciphering T&cs at the best of times.
    looks quite good value to gain access to the inner sanctum. I will inform my great uncle frugal who is considering joining up  
    Thank you. 
  13. Like
    frugalman 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.
  14. Thanks
    frugalman reacted to CadmiumGreen in Hello forum members   
    Forum members may buy and sell in the Buy & Sell section, no UK selling license needed, as far as I’m aware, as I’m in U.S.
    https://www.thesilverforum.com/forum/115-united-kingdom/
    Getting a premium membership will help with buying from the Forum as you will have visibility to sales days before non-members. And the membership will pay for itself many times over from the competitive pricing with members… @ChrisSilver can assist you with premium memberships if you have any questions.
  15. Like
    frugalman reacted to Centauri167 in Let's Break Their Backs - Down With The Silver Manipulators!   
    One big problem what many people always forget is that silver is an industrial commodity. Don't think you can really change the market with buying together a lot of silver coins/ bars, all the silver squeezes till now shown the result, a price that is now lower than months ago ...
    Because it is an industrial commodity, from the moment the price will go sky high, they find something else to replace it with, they did it before with so many other commodities who became to expensive.
    That's the real reason why gold is less manipulated as silver, you don't have the enormous industrial influence in it.
     
    And to end, I buy every month around a kg of silver, so I did my part.
  16. Thanks
    frugalman reacted to Junior in Let's Break Their Backs - Down With The Silver Manipulators!   
    Tips you say? Well the best one I can think of is start with the oldest of generations and try to convince them. These are the people that actually had silver in their coinage in the 1960s, 50s, and 40s. These are the people that constantly talk about the price of a home, car or cup of coffee "back in their day". They know prices have gone up throughout their lives, but are clueless why things were cheaper back then. They were told it's inflation, but were never told how inflation is tied to sound money. Silver (and gold) are the reasons why.
    Then, the next generation to convince are those youngest (but still able to afford buying something without their parents' help). Those who started working a part time job or just got out of high school. Those that are unsure of their future in this world because they've just now been thrown into it. 
    Lastly would be those in between the youngest and oldest. They think they know stuff, but really are just following the trend of what they were told. They will see the young buying, the old buying, and like sheep will follow along without even knowing the driving force behind 'why'. But if you tell them why, will they listen? No one knows until we try on a massive scale.
  17. Like
    frugalman reacted to Arganto in Hello forum members   
    Could be rough handling post production has caused some of it but iffy QC during production is definitely a culprit here.
  18. Like
    frugalman reacted to CadmiumGreen in Hello forum members   
    Welcome aboard The Silver Forum!
  19. Like
    frugalman reacted to HerefordBullyun in Tax on Silver when Entering the UK?   
    lol
  20. Haha
    frugalman got a reaction from HerefordBullyun in Tax on Silver when Entering the UK?   
    You should start a new party, I would vote for you lol
     
    I nearly had my fill of social media again now bully, I done what I intended to do in safeguarding the truth. 
    Now I can go back to just watching your jolly antics.
    I may trade with you sometime in the future but not at £10 an oz lol.
     
    Now lets NOT see what you would have won 😷 😇 😁
    Da da da da da da da da     Da da da da doodle oodle om.
    Chow for now.
  21. Thanks
    frugalman reacted to HerefordBullyun in Tax on Silver when Entering the UK?   
    Suing the crown is difficult as the Taxman is more a powerful entity and has more pull than the police and the armed forces in UK, whom again serve under the crown. I think we can go back to the days when us peaseants were taxed to death from Henry the VIII days to pay for all his divorce shennagians, and its been like that ever since. And given the current immigration issues in UK, it will actually squeeze the taxpayer more. Mainly the consquence of more immigration is the fall out of war driven by poor western foriegn policy, driven by arms dealers and good old bankers, hedgefunds. And guess what they will pay the least tax as its all in the cayman islands or other tax havens, via tax lawyers. The only thing the taxman is intrested in squeezing the working middle class, he cant squeeze the poor , becuase the middle working class are paying for it.  Its all numbers game and when you have government employ mandarins through hosing up stats and everyones data, which is the new oil, becuase its explotative, they can flex it to suit thier agenda. Anyone who believes government serves the people, they are sadly deluded.
    Here endeth the truth.
  22. Like
    frugalman reacted to Centauri167 in Tax on Silver when Entering the UK?   
    I read this topic and was intrigued by it.
    My question is: " Did anybody ever questioned official why there is vat on a legal coin ? And why the dealers in the UK don't join and go to court against this ?" 
  23. Like
    frugalman got a reaction from stefffana in Are you still buying gold now its went up in price?   
    E waste recycle plants have no option if they want the gold. They don't pour everything other than gold in the solution down the drain, that would be an environmental disaster and a massive waste of all the other metals including silver, platinum and palladium.
    I don't know how the miners operate or if they are environmentally friendly? 
    but there will always be winners and losers. especially in the new greener times ahead of us.
    I don't do stocks and shares but if I did my money would be on on the ones with the green tax breaks for the mid term as it wont last forever.
    So this is not financial advise but just what I think. 
    Regards 
     
     
  24. Like
    frugalman got a reaction from Chantal in Help with silver cutlery   
    Georgian London.
    To help ascertain value and ID maker you need better zoom and complete item photos.
    How many spoons?
    Are they basting spoon or tea spoon size?
    Any damage and are the bowl tips worn?
     
    Regards, F.
     
  25. Like
    frugalman reacted to gji25 in Are you still buying gold now its went up in price?   
    apparantly the gold mining industry has seen a 40% decline. that means there is less being pulled from the ground.
    the money printing industry is constantly churning away 24hrs a day. you do the maths 🙄
     
     
     
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