theman73

i said shopping not robing

Silver for me. The demand in the industries on the next years will be huge, not so much for gold (to expensive).
or
I also have around 12000 orders selling Lego
The average life span for a Lego set is 2 years, during this time you can buy them at discount, promotion...
After 2 years the set will retire (not all) and the price will slowly goes up. You can double your money in this way if you have the space to store.
Of course this is not apply for all sets, usually the one's with unique minifig are doing better.
This is not a financial advice, is a proven method tested by me during last 7 years.
The idea is, everything is make sense with Lego, the demand, the novelties, the rare or expensive sets, the price growth after not selling anymore in stores, but nothing of this is apply to PM market, nothing at all.
 
 
Just in case someone's thinks I'm talking bollocks

 

 

According to my mother in law, around 3,000 BC, the Egyptian king Menes, who lovingly called her auntie, stipulated that the value of gold should be two and a half times the value of silver. Approximately 1,000 years later, the value of one ounce of gold was already around 15 ounces of silver. 
I can't find a dissertation on this topic at the moment. But I'm pretty sure you know the gs ratio of the last 5,000 years too well and just wanted to know if I was asleep on the trip to the egyptian museum. 

Its relatively simple to understand. Physical silvers price is dictated by the price of paper silver. Paper silver is extremely fraudulent (paper oz significantly outnumbers physical) and arguably manipulated. 
The whole system is falling apart at the seams, whilst those at the top pretend all is well/under control. 
Understand the system is fraudulent to the core and that by having a good portfolio you are protected.
Hope that helps.

I think you are contradicting yourself
"I just give up trying to understand"
I was trying to help you by pointing out that I still don't understand (many things).
I also like silver, and think it is "too cheap" G:S 85+:1.
But before I get round to silver, how about an answer to my question:
... but did you ever read this:
https://www.chards.co.uk/guides/advice-guide-for-uk-bullion-investors/1041
And if not, why not?
😎

Silver for me. The demand in the industries on the next years will be huge, not so much for gold (to expensive).
or
I also have around 12000 orders selling Lego
The average life span for a Lego set is 2 years, during this time you can buy them at discount, promotion...
After 2 years the set will retire (not all) and the price will slowly goes up. You can double your money in this way if you have the space to store.
Of course this is not apply for all sets, usually the one's with unique minifig are doing better.
This is not a financial advice, is a proven method tested by me during last 7 years.
The idea is, everything is make sense with Lego, the demand, the novelties, the rare or expensive sets, the price growth after not selling anymore in stores, but nothing of this is apply to PM market, nothing at all.
 
 
Just in case someone's thinks I'm talking bollocks

 

 

Silver for me. The demand in the industries on the next years will be huge, not so much for gold (to expensive).
or
I also have around 12000 orders selling Lego
The average life span for a Lego set is 2 years, during this time you can buy them at discount, promotion...
After 2 years the set will retire (not all) and the price will slowly goes up. You can double your money in this way if you have the space to store.
Of course this is not apply for all sets, usually the one's with unique minifig are doing better.
This is not a financial advice, is a proven method tested by me during last 7 years.
The idea is, everything is make sense with Lego, the demand, the novelties, the rare or expensive sets, the price growth after not selling anymore in stores, but nothing of this is apply to PM market, nothing at all.
 
 
Just in case someone's thinks I'm talking bollocks

 

 

Silver for me. The demand in the industries on the next years will be huge, not so much for gold (to expensive).
or
I also have around 12000 orders selling Lego
The average life span for a Lego set is 2 years, during this time you can buy them at discount, promotion...
After 2 years the set will retire (not all) and the price will slowly goes up. You can double your money in this way if you have the space to store.
Of course this is not apply for all sets, usually the one's with unique minifig are doing better.
This is not a financial advice, is a proven method tested by me during last 7 years.
The idea is, everything is make sense with Lego, the demand, the novelties, the rare or expensive sets, the price growth after not selling anymore in stores, but nothing of this is apply to PM market, nothing at all.
 
 
Just in case someone's thinks I'm talking bollocks

 

 

You could always buy silver lego blocks😃

I envy you, not as an investment, but because I grew up a Lego child and my first instinct would be to break out the sets and start building spaceships.
I'll also argue that using Lego as sets is completely missing the point of it.  Lego belongs all mixed together in a drawer.

Don't give up yet.
1 year is a very tight time span.
Give it another 50 years at least before you give up.
Back in 1999, I wondered why journalists in the financial media, or the money sections of major newspapers were so negative about gold.
I remember one saying "Gold has lost it's glitter" or something to that effect, before continuing that gold prices had gone down for the past 25 years.
At this point, I needed to check some hghs and lows:
https://taxfreegold.co.uk/highestevergoldpriceinsterling.html
Date Fix Price £ Price $ Price € 21st January 1980 P.M. £371.066 $850.00 N/A So the hack wrong about 25 years, because the all time high was £371.066 on 21st January 1980
I double-checked using our graph on this page:
https://www.chards.co.uk/gold-price/gold-price-histor, having selected "All Time"
Lowest "recent" (1999) gold price:
https://taxfreegold.co.uk/lowestgoldprice.html
Lowest Sterling Fix
The lowest recent gold price in pounds sterling based on the London Gold Fix was £157.033 on the a.m. fix of 10th September 1999, which was equivalent to $256.20 USD.
At the time, I was almost shouting at the newpapers, wondering how they could be so blind to one simple fact. The best time to buy or invest is at the bottom of the market, when everybody is guilty of "group thinking", in this case, that gold was a bad investment.
https://taxfreegold.co.uk/1999newsheadlinesaboutgold.html
It would be worth reading all 4 on the linked press comments, including:
https://taxfreegold.co.uk/britainplanstosell58percentofitsbullion.html
Sure, all the above is about gold, not silver, but did you ever read this:
https://www.chards.co.uk/guides/advice-guide-for-uk-bullion-investors/1041
And if not, why not?
😎

Should be illegal
When I go to Canary Wharf with my son i always told to my son that the people who work's here are the most dangerous people on Earth.

The most honest member of TSF! 😆

It is still not clear whether you meant that the ancient Egyptians valued silver at 3 times the price of gold, which is what 1:3 implies, or whether they valued gold at only 3 times the price of silver.
Whichever you meant, it would be usefull if you provided a link to an appropriate, reliable, and accurate source of your evidence.
😎

I'm more the realistic type of silver stacker, so gold1/silver3.🤣
To be honest, however you feel comfortable for an exchange in blackpool. I would also bring my silver to the UK in my luggage by myself. VAT on me. 🤣

There's a good reason why PMs don't behave like Lego.
 
First
Lego, model cars, proper antique numismatic coins - all have a limited issue (some rare, some not).
Some get used, played with, broken, damaged, destroyed or melted down.
Not everything survives. The pool of what is left is what collectors have to choose from.
Their value comes from a combination of three key points:
RARITY / CONDITION / DEMAND
If you have all three covered you have something that will hold value.
You will have seen this at play with Lego.
 
Second
Modern commemoratives issued for collectors.
These, like Lego will have issue limits - however, the issue price of such material will be so high that their future market value may well be lower or at best struggle to maintain the original sales price.
Also - much like Royal memorabilia - how many actually get used and destroyed to reduce the pool of survivors?
Only 5000 issued - but how many of those 5000 will still be around in 20 or 30 years? Probably most of them, maybe all of them.
Not a good way to invest money.
 
Third
Generic PMs have all their value tied up in their scrap metal value. They will be melted down as required. Any additional 'premium' for what it originally was be it Maples/Brits etc. Will not be factored into the value as pure bullion. That premium will be lost.
The other issue with pure PM investment is that there are also paper markets that are loosely tied to them.
Derivatives are basically contracts that claim to hold silver and gold. A lot of the time, that metal however doesn't even exist.
When these are bought and sold they in turn affect the price of the metals which do exist.
To explain it in the context of Lego - imagine there was a 1000 issue limit of a certain Lego product and that all 1000 of these models were locked in a vault. Now imagine that 5000 ownership 'shares' certificates were issued and sold, giving each purchaser a claim on a model in the vault.
Unfortunately, as you can see, there are 5x as many ownership claims as there are actual models that exist.
Well that's how the PM markets work.
Now imagine I was an investor bank who could withdrawn and destroy these claim checks, or alternatively issue 100x as many.
The 'spot' price - based on the claim checks would rise or fall. However it may bear no relation to the price required to purchase the actual model itself - as these are rarer.
The value would be in holding the real model, not the claim check.
 
Finally 
The value of your Lego models is the complete model itself. What do you think the melt value for them would be?
I believe most PM investments that make money make it on something other than their melt value. Plenty of profits made on sovereigns (especially numismatic / rare ones), far fewer profits made on 9ct gold chains and Argos jewellery / or overpriced 'collector' specials which far exceed the bullion value.

how the silver market is working.
I'm a flipper, I make some money buying and selling silver but ffs I'm more confused like 1 year ago when I start this journey.
When silver is up nobody buying, when gold is up everybody buy it (now probably count their lose for the last two weeks)
It's simply make no sense how the PM are the same price like a few months ago or years with such inflation, how the price of PM's are going down when everybody know is a huge demand.
The waiting time to get your PM from the dealers is higher than never but somehow the PM price is going down.
What's going on?
I know the paper trading is manipulating the price of silver but gold is much bigger market is simply not so easy for them to push the gold price down but still...
I will do more research for some cold beers in my fridge...
Just to be clear, for me this up and down and Brexit is a blessing, but I don't understand how is possible.

Silver for me. The demand in the industries on the next years will be huge, not so much for gold (to expensive).
or
I also have around 12000 orders selling Lego
The average life span for a Lego set is 2 years, during this time you can buy them at discount, promotion...
After 2 years the set will retire (not all) and the price will slowly goes up. You can double your money in this way if you have the space to store.
Of course this is not apply for all sets, usually the one's with unique minifig are doing better.
This is not a financial advice, is a proven method tested by me during last 7 years.
The idea is, everything is make sense with Lego, the demand, the novelties, the rare or expensive sets, the price growth after not selling anymore in stores, but nothing of this is apply to PM market, nothing at all.
 
 
Just in case someone's thinks I'm talking bollocks

 

 

Personally I think gold is overpriced and silver is underpriced. Only my opinion of course.
However with paper derivatives, it's impossible to know what a fair value is because people are taking bets on prices going up and down and then of course there is the manipulation. Basically, anything could happen. It's impossible to call it accurately because there are so many variables involved.
So my thoughts on it is; stop trying to read the gold and silver markets in isolation. Just take a look around at the wider economy and see where that's at. Then base your buying and selling on that. Also, never follow crowds. If it's crowded you're late and like Obama you're probably at the back of the queue.

Sadly none of us can predict the future prices of PMs.
Silver seems to lag and remain too low and I don't understand the reasons other than to speculate that the market is rigged by the big players.
We stackers don't really count in making a difference as we are not buying in the thousands of tonnes per order.
Platinum used to cost more than gold and I find it hard to understand why a once more expensive, possibly more useful and certainly rarer PM than gold is relatively inexpensive to gold. My mathematical genie points to gold being over-priced so do you buy gold, wait for the fall / realignment or miss the boat ?

Predicting gold price is about as scientific as predicting winning lottery numbers and it is always easy to pick a global event and link it back to a price change.
Gold went up because the USA downed a foreign spy balloon, no it is something Putin said, no it went down after the earthquake, it will rise because of the friction between China and Taiwan, it will rise as the coffee harvests failed, price of orange juice, missiles landing in Israel, sun spot activity .... take your pick and match it after the event - easy and mostly BS !! The computer algorithms of the big players buying and selling contracts according to the third derivative of spot triggers speculation. I think this also happens with crypto and as soon as something is seen to be rising, money and contracts pile in and for no other reason than greed then at some stage the bubble bursts. The conservation of money means for every winner there is a loser so do you bet red or black on the roulette table ?

People will always try to get more bang for their buck too. When silver is falling, "I'll wait for it to go lower before I buy" Similarly, there is an essence of FOMO when the price is climbing "If I don't buy now, maybe It will be more expensive if I want some in 2 weeks, I don't want to miss the boat"
Making financial decisions based on emotions is something we would all agree is not wise, but it can be something we do regardless. Cost averaging is probably the best way to go about it, just buy regularly and it won't matter if you bought when it was high some weeks, as you likely bought when it was very low other weeks

I have some cold beers for you, welcome to the team.

Today's first find
1566 coin
 

Can confirm

Me too, TSF have great bargains, most of the time. I am from Aberdeenshire and I do like Guiness too, but I prefer it in Ireland out of the tap.