frugalman

how can you compare market exchange prices with retail prices?
what would be useful is knowing that the retails price is rumoured to have hit ~$43-47 when the
silver price hit $48 in 2011. how much are american retail prices today? apmex price ~$35(not sure
about taxes).
even if retail prices are close to what they were in 2011 how much of it is premium?(current spot price
~$28)
of course the easy comparison would be to compare both spot prices $28(today) versus $48(2011 peak)
and say that it has lost ~40%.
higher premiums is the result of a broken silver squeeze. (because there are no shorters being squeezed.
if comex had shorters being squeezed it would reflect equally in the comex price for silver)
 
I never said that you said that dealers are ripping people off. I was hinting that you should re-read
@LawrenceChard post about not believing the hype. (I purposely chose chards as the example of a
dealer) 
it's because it's a silver forum that people should not be lied to, mislead and tricked into believing something
that simply isn't true about silver. I don't upset people who are actually into silver when I say that silver
can make you money(timed correctly) but don't listen to the hype about prices shooting to the moon. I only
upset the fanatics and those who have a self interest to mislead people to over pay for their silver.
 
HH

I concur. I like Maneco very nice guy, but he earns a living off Youtube
& knows little about some of the subjects he talks about (ie mining). 
Im a year in on this and I know more that he does in some areas.
Good initial source for people though & a useful person to educate the financially illiterate. 
You move on after that, although I like his Sunday live chats, I occasionally watch them. 

I'm going down the pub🍺. I will tell you later when I think I know it all🤪

This fascinating topic will do for a good read in the long winter nights.
I remember the buzz of excitement at the time.
Seems the more you buy, the more you help the fiat system.
 

Great response - very little I could add except for following my belief in "Bad money pushes out good" - as referred in "Greshams Law" :
https://en.wikipedia.org/wiki/Gresham's_law
I am hoping, like you, this is what the millennials and also generation X & Z buyers wanting to change the world will both understand and follow.

This silver squeeze is all about making a quick buck which it might achieve short term until they cash out and dump their investments driving the price down again.  Personally I'm in it for the marathon,  silver is undervalued and has good potential to do well in the future. And if i never cash out I can give it to my kids tax free ( if i still like them as grown ups).
 Totally agree with the addiction comment,  I have to consciously rein myself in all the time so I dont go over the top and all in on precious metals. I try and keep a more balanced attitude to my stack and collection and still have a life.

Why are you amazed? 
This is just a general discussion where the new guys can bump ideas of the more experienced. It's good they can come here and get involved in a "discussion" rather than get roped into the fear controling, silver pumping YouTube videos.
That guy is John Adams. He works for as a chief economist for a gold bullion company.
https://www.asgoodasgoldaus.com.au/
They have their own bars minted. Probably not by Perth mint. They also have a lot of silver for sale. According to linked in, he has been working their about 3 years. That's about the same time all the fear pumping videos started appearing on YouTube. Before that he was a freelance writer for 7 years, so basically only earning money for writing what people want to hear.
 

This fascinating topic will do for a good read in the long winter nights.
I remember the buzz of excitement at the time.
Seems the more you buy, the more you help the fiat system.
 

Just arrive 😍 I love the "500 Lire"

A beautiful Honey Bar from @StBeesSilver.
It really is an outstanding piece of silver. 
 
 

Massive thanks to @DuncanWylieWilson for feeding my habit.
Pleasure to deal with and an absolute gent 

Dad is that you?

I did buy one of these!  I have got to say that the production quality is superb - I think the Royal Mint could learn something from these smaller producers.  At £69 (plus postage) it is affordable, though the premium may be high.

Arrived today and mentioned in the 'received today' section for more blurb.
Two brand new 2022 silver Britannia's - near horizontal runway track letter D to eye on the left and multiple small pits everywhere on the right coin with fine scuff on cheek. Anyone who asks - I generally wear white cotton gloves handling all my coins but when you handle c**p coins there is no need.
   

I've always been in two minds about the gothic crown, on the one hand the design is one of the best ever made, on the other hand the majority of those coins haven't aged well. There's just no lustre left on them, you can harldy tell they have any proof finish.
As mentioned the image of Victoria really makes the coin, so replacing it will most likely loose most of its appeal.
The Royal Mint certainly has a tough job to pick the next design for the great engravers, I know it probably isn't internationally recognised but I wouldn't mind seeing the rocking horse crown.

£50 in 1725 (the first time they were issued) would be worth about £12,000 today... 😁

Highest note is £50 when it should be at least £500 compared with inflation since it's release back in the day. A £500 note would take up less space and would be easy to track and recover, but it would not make any money for the banks. 
If you store cash fg sake write the numbers down. even as proof of ownership  

No gold purchases I’m going to start stacking cash instead for when it drops again. 

I think it all depends on how much pleasure you get from owning it and what else you would spend the money on.
If i were to buy an ounce of gold at £1400 and the price dropped to £1200 next year i would probably tell myself i'm still £1200 better off than i would be if i'd spent the money on wine, women and raucous behaviour. I just wouldn't have the memories 😁

its easy to get fixated on a price thats personal to you ..  break even being obvious, but also levels you wanted to get in at but it didn't quite get down there.  then its too hard to pull the trigger as it rises..
many people won't add until they are onside .   or If you have sold out at a certain level and it carried on up its often hard to get back in..   
I try to ignore all of the above and think when I have some spare cash I'm going to use that money, to buy money.   better money. 

I will, I have nothing else to buy... 😄
I have no real idea when I would stop buying gold. I bought at under €1000 once, now I'm buying at over €1500 - I'm telling myself every Euro spent on gold is an Euro saved.

Get @BrettChamberlain on the case! 
If you get stuck with them, I know a local coin and bullion dealer who will be happy to accept them. 😎

Do you write the serial numbers down? They all look the same that way round.
I accept them lol 

It was announced today that US consumer prices went up 6.2% (year on year) - so I guess people are looking for a hedge against this (and further inflation).