spookyandroid

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.

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.

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.

Here's my two bob worth* from observations of the secondary market here and other online spaces.  There's quite a lot of money in that and it might be worth looking up @Clarkatroid's saga to get a sense of what it might be like to liquidate that lot - especially the big silver bars.  You will take a bath on those if you have to flog them back to a dealer.   
Also the big gold - not many folks have the dosh for large gold bars.  It might be worth your while to look into diversifying some of those large bars into 1oz brits or maybe even tubes of sovs**.  These will be much more liquid on the secondary market and the spreads between dealer prices and secondary market value might actually be better than you would get selling the bigger bars back to a dealer.  Plus, Royal Mint coins such as Brits or Sovs avoid exposure to capital gains tax and it looks like you might have enough that you actually have to think about that (assuming that you're domiciled here in Blighty).
* - Note that I am not a financial advisor, nor do I play one on TV.  This is just an opinion.
** - Because of the large numbers produced, sovs have smaller spreads than most fractional gold, and are very, very liquid on the secondary market.  Spreads from dealer buy to secondary market sell are quite small and the liquidity makes them well worth considering.  I've seen folks rock up here with 50 or more sovs and flog them all in a few days.
 
 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

What does this mean in good old english  mucker . is it going up or down ?

Silver is prime to explode IMO. Fiat (mostly USD) is currently rallying, without logic or reason, whilst simultaneously being irrecoverable, regardless of tack, growing an economy and paying off debt without affecting interest rates and running up more debt. Zero chance. 
So economic hardship, twinned with a new "greener" outlook, of which silver is a main component, its hard to see these price levels hold much longer. 
Obviously everything is speculative unless you're an inside trader but seems a no brained to me.

Hello and welcome to The Silver Forum  

Hi all,

Silver and gold stacker here, mostly bars with some coins too. If anyone actually has some adamantium, I'd certainly be interested in discussing this fictional alloy with you.

Found my way to this forum whilst seeking more info on other silver enthusiasts being as most of my friends aren't into PMs.

Hoping I can contribute to the forum in a positive way.

Spooky.

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.

If you were to say to the average Joe on the street "put your wealth somewhere safe" they would have a clue. I think the majority will just wait for cbdc and toe the line, and that's all they need. We have just witnessed what just happened with the vaccinations. The whole thing policed itself to the point it was socially unacceptable not to toe the line with the masses. The same will be with cbdc, "it's the greater good of the nation".

haha found this aMUSEing.

2:35 sums this up
 
Personally, I think whilst PMs might help in the short term, they aren't the answer to the problem. What is the solution? Maybe we all need to stick together, look out for each other, be nice.... Oh dear, WE ARE F'ING F'D

I'm in the camp that believes the current financial crises is - to some extent at least - orchestrated and that the powers that be want either to crash the system or degrade it to such an extent that they can then 'build back better' by ushering in Central Bank Digital Currencies (CBDCs). When that happens, there will be a literal stampede towards PMs, as they'll be the only universal home worldwide where people can store their wealth outside of the financial system. A place where governments and their agencies can't see who has what and where etc. Sure, crypto sort of comes into this bracket, but there's nothing quite like having a lump of shinny stuff in the hand! So SidS, IMO, your $50.00 per oz will definitely be realised and long before 2030. Just my £0.02p worth of course, and I fully accept and appreciate that my view is a tad controversial!
😄