LemmyMcGregor

This is spot on why I don't "like" silver, as per my signature: "Gold is stability, Silver is fun", you could rephrase it to Gold is for Stackers and Silver is for Collectors. It is obviously a bland generalisation, but defines the idea. Of course, there are many purposes to a purchase, I don't like Silver as an edge against inflation because, after reviewing the data from the past few years, it is obvious that Gold has gone up while Silver hasn't. Now, I know that there is market manipulation going on and all the rest, the thing is, I can't hope that one day it will just burst, that is speculation and should be treated as such, meaning that if it's treated as speculation is an investment with risks and not a safe edge. This is not to talk bad of Silver, it is beautiful and should be looked at for a different scope, which is not to store value against inflation. Silver is an investment that engages more the collectors rather than the stackers, as such, even in my short time on this forum, I have seen coins go up and others fall without interest, it's a bet, which could safer or less once you become knowledgeable of the market, however, still a bet. I feel like people get defensive when we say that we don't like Silver for the purpose of storing wealth, we don't dislike it, we just like it for different reasons.

Let's all be millionaires!

They're reposting the original article https://vblgoldfix.substack.com/

Has anybody said "market manipulation" yet?

I wouldn't put them in a tube, looks like they're still growing.

I messaged asking if he has a picture of the coin without his finger on the plate. Is that gentle enough?

That's a heavy 1/4oz!

A 2 kilo gold coin? o_O

Thanks! Much appreciated.

Totally their fault, still paying for their Napster days. Jokes aside, can you dumb it down enough or point me to somewhere where I can start getting an understanding? I really don't know what you're hinting at with that graph. PS. I really need to get photoshop, this stuff is crude in Paint.

Not even that, hence me highlighting in the specific "Its good for the individual". What we have observed in recent year is a raise in socialist policies putting the collective above the individual, as such, one could assume that their goal is not the good of the individual, as usual when you do things "for the greater good" individuals end up sacrificed, take Covid policies and how our own liberties were sacrificed to save a Statal entity, the NHS. More so, many policies have made Britain completely dependant on foreign goods, for example, agricultural policies made us dependant on foreign food, green policies made us dependant on foreign industrial production and energy policies have made dependant on foreign energy, you can't be a sovereign country when you are dependant on external supplies, as the moment you attempt to hold a position your dependance could be used against you, meaning that I disagree also with them doing what's best for the country. Put it this way, I agree with what you said, my argument is that this government doesn't seem to hold the same values you suggest.

You are assuming that the government does what's best for us, or the nation.

That dude.

Someone explained it already.

I went through the whole scenario of a low budget buyer in details here: Values are probably slightly off as that was 3 months ago, concepts don't change though. I did all in Excel, feel free to have a look for yourself with the attached file, all you have to do is input the gold and silver values up top, then navigate a dealer's page and input the current sale prices. Premiums might have changed a bit, but they are more or less in the same range. Or make it even easier and navigate through Chards' website, it's got details for premium on each coin: https://www.chards.co.uk/2022-gold-sovereign-uncirculated-coin/15066 have a nose and see what you like. Lest we forget, in the end, do whatever make sense to you, if you prefer 1/4oz to a Sovereign, dude, go to town. Do you really like Silver? Go for it. However, if your interest is lower premiums and you can't afford 1oz gold coins, go for the Sovereign. Gold premiums.xlsx

Agreed, never been a fan of pale ales and Boston Beer Party doesn't really deliver. Amusing name though.

This is spot on what I'm doing. I'm actually having a fair bit of fun with old silver coinage, half crowns and florins are beautiful and I wish we still had circulation coins like those, mostly aquired around spot, some just under, some just over, even outs in the long run.

I'm just starting a t-shirt printing business, how many do you want? 🤣

BigMarc explained it perfectly, not much to add there, I genuinely appreciate the resilience. Sovereign have also become my favourites as they are the best option for my pockets, silver has too much premium and VAT, 1oz gold is out of my pocket's range and, within my range, 1/10 or 1/4oz have too high a premium, whereas a Sovereign has the same low premium of a 1oz coin while the half sovereign still has a better premium than both 1/10 and 1/4.

Personally I prefer Sovereign exactly because they are not 999, wish I could find an equivalent in sterling silver that is still produced.

State theft? 😋

I look at the bright side, I've just started, barely have a sovereign, couple of quarters and a handful of silver, let it crash so I can build a stack myself 🤠

It's thicker to allow for the chocolate content. I wouldn't buy it in this heat, would melt on the road.

I do Excel, easy to learn, plenty of functionalities.