spookyandroid

Haha brilliant

I do lol

Can't make anymore coins apparently until they've put Charles face on everything

Had a busy weekend of buying...would like to draw special attention to my Angels Silver. Quite possibly one of the most stunning bars I now own and the packaging is next level. VID_20221108_103945.mp4

More goodies today.

Based on the ratio alone between gold and silver, which should be around 15:1, those prices are still extremely low. I agree that once demand for silver peaks, it will explode. Particularly when you tie in industrial demand increasing, a waining amount of mining, impending economic crisis - to which most of the public don't realise their money isnt safe. Yes, sillver will explode, right up until fiat eats its own tail. Then its value will be based against itself and not against fake promise to pay notes.

Probably not my smartest move, but yano....want.

So it finally arrived...phone for scale lol

How can you type with those badboys? Nice bling.

It's on order from Umicore. I just wanted a 5KG. Perhaps an underlying thing of always wanting to hold something large that I own in my hand but never being able to. lol

Some more great advice - thank you. If anyone on here (a well established member ideally) would be interested in swapping one of my bars for some coins, equivelant weight, then let me know. I imagine diversification both ways would be beneficial.

Certainly is. I guess my longer term thinking is that if we go back to the stone ages with this financial reset or whatever it is, that there will be no issues in selling due to the pure demand on silver. Perhaps even direct exchange i.e. for land, could even be possible. That said, in the event we transition into a new system without a "Mad Max" style scenario, lol, a better exit strategy would be very useful. When something is extremely scarce selling becomes less of a problem, but yes, as it currently stands, problematic. And nooooooo - you never ask a lady her age and you never ask a bloke what he overpaid for silver!

Whats the difference between Public and External debt to GDP? and if its a case of public and actual, why would Japan want to over exaggerate? In other news, Silver looking good today. Could break up on the shorter TF

Yes, it is, could see a reverse as resistance here but would be nice to see it break up on the hourly/4H.

Funny really, never give much thought to selling, just holding. Exiting requires some changes in strategy it seems

Appreciate the advice. Will look into that!

Some very impressive stacks on here. Here's my collection, started this year after cycling out of crypto. Got a 5Kg bar currently on order and then I'm done.

Another interesting point. Elliot waves, this is 2008 to 2011 versus where we're at now. Just a theory but take a look... If this does happen, and we see a similar move (which I think it will be significantly bigger this time) then silver could see a 489% move, Price in Oct 2008 to April 2011 went from $8.40 (£7.42) per ounce to $49.70 (£43.90) (peak) per ounce. It closed $41.33 (£36.50) Even if this current situation was the same as then, that could see prices go from $19.00 to $93.04. (£16.78 to £82.18) Further edit: 2008 debt to GDP ratio in the UK was around 54% and in the US was 63%, currently its difficult to find an accurate source, but the UK is apparently around 100% and the US is 125%. Whats more interesting and by interesting I mean dodgy as **** is that in 2016 the UK was apparently 113% and the US 99% (source: https://www.macrotrends.net/countries/GBR/united-kingdom/debt-to-gdp-ratio) Not quite sure how when the money printers aka QE has been going none stop and running overtime, without increasing rates that the UK has reduced its ratio by 13% during an economic downturn and during the alleged post-brexit downturn, whilst giving out grants and furlough left and right. The current inflation rate is currently 8.20% versus 3.8% in 08', if we work on the sentiment that the situation is twice as bad (I think its more like 4x or 5x personally), then that could theoretically see prices hit $186.08 (£164.35) per oz. Added in GBP figures based on exchange rate 25/11/22.

Haha technical analysis baaad (down likely), fundamental analysis good (up likely). Obviously, just opinions.

Bit rusty on the TA (so forgive me if anyone spots mistakes), but overall from what I see, some crazy volume since the 'rona hit in general. Looks like we've hit both the 50% fib and then 61.8% fib, found support here and on what looks to be confluence with the monthly S/R line. (around 18.25) The monthly candle for last month is green, and whilst this one has pulled back its still currently green with a week to go. On the weekly, the candle made a higher high, but ultimately came back before close meaning overall a lower high, we're also making higher lows. Looks like we've had 5 touches of support and only two touches of resistance in this range, but hopefully we'll see this move up and above $21 range for good soon! TA wise its generally work on the premise that a trend will continue until it breaks structure, in which case, we should likely head down, but TA can easily be manipulated when the powers that be want it that way. Fundamentally, I cant help but feel everything stacks up for Silver right now so any negative PA/TA is likely for smart money to accumulate.

On point, however, its more about where smart money puts their finances after that "tax the rich" comes in, obviously we know the rich don't tax themselves. This is probably why the index for rare coins is currently breaking out...

As with all of this speculative game, we'll soon see. I feel there are too many fundamental bullish factors going, but I could well be wrong, as the entire system is controlled by gits at the top.

haha found this aMUSEing.

haha, I get it. If I'd been waiting that long I'd probably be the same. The thing is, we're not going through the same times as we were 20 years ago. Silver isn't known for pulling up trees during economic growth, rather, its known for being a place to go when things go to sh!t, that's where we are right now. These are more my feels right now.

Aye. I believe all roads point north tbh, the Moscow Gold standard/exchange and Brics reserve currency, backed by metals also only exacerbate price rallies of gold, silver and even platinum