HonestMoneyGoldSilver

I relied on medical doctors who themselves were relying on what they were told was good data. It turns out the data was falsified and they lied about everything. The only sensible move at the time was to take the vaccine. Obviously with hindsight I wish I didn't but hey, at least I can acknowledge when I got things wrong and why I got them wrong. Being an expert is about learning from your mistakes, nobody is omniscient. Say something negative about China please and the CCP, or are you too scared of your communist overlords? No country in the world is perfect, you must have something negative you want to share about China, or are you sticking to the CCP narrative that China is the Middle Kingdom, heaven on earth, all praise Emperor Xi, all praise the CCP? What about the fact China made Covid via GOF at Wuhan, then released it either out of incompetence or spite, then covered it up and lied about it ever since? Apparently less people in China got covid than in Northern Ireland, yet China's population is about 700 times greater than NI. Must be those perfect CCP policies.

It was borderline prophetical. Some paper hands must have had $29.15 pencilled in for a cash out. The price dipped hard then roared back. The more profit takers that are cashed out and replaced with fresh buyers, the higher the new floor for silver becomes. We might take another 2-3 attempts to break and hold above $30, the more sudden corrections we have like this on the way to $30, the less likely the price is to crash when it goes above $30. Look at the chart, some heavy buying, heavy selling, then even heavier buying. Super bullish for silver IF and I say IF we can take and hold above $30, which is definitely on the cards for Thurs-Fri:

The silver price didn't dip as much as gold this week, silver hardly moved while gold was depreciating. Silver is clearly the superior investment 🤷‍♂️😁 Currently the price is popping, just touched £23.05/$29.16 The last time we were this high it went above $30 (Friday 12th April, $30.44) and then was ruthlessly smacked down. People that have been holding silver for ages or came on board in the last year or two - the paper handed ones anyway - were waiting for that $30 mark to cash out, which put huge pressure on silver when it broke $30. That cycle will only repeat a few times though before the profiteers have taken their pound of flesh and been replaced with others who have only bought in at these levels so aren't seeking to cash out until the next milestone, be that $40 or $50

Yes, the solar panel factory in China is directly connected to a bunch of coal-fired power plants. The wokies in the west wouldn't let us get away with that. We closed down the coal mines in Wales, in England, in Virginia, in Germany, and exported all of those jobs to China China further (illegally from the POV of the EU and USA) subsidises their solar industry, artificially lowering the cost of Chinese solar panels in the EU and US China has created a virtual monopoly on the materials and production methods necessary to construct solar panels and batteries (91% of polysilicon production for solar panels now occurs inside China whereas a couple of decades ago it was 90%+ in Japan, USA, Europe) The USA alleges that in Xinjian, the epicentre of polysilicon production, there are multiple human rights abuses, forced labour and highly elevated pollution levels The next step after polysilicon is making solar ingots or wafers with China controlling 97% of global production Both these energy-intensive and highly polluting activities occur in regions of China where electricity costs 30% less than the global average. The electricity costs less due to the methods of production, lack of environmental controls and lack of worker protections I know you are a CCP-bot but please try to remain objective. Most of us here are British or live in the UK. Do you hear us criticising our country and our government? Only all day, every day. You seem to believe that China can do no wrong. The truth is the CCP is the most evil entity on the planet. China does not outcompete the west due to inherent Chinese supremacy, China outcompetes the west due to cheating, pollution and manipulation on a global scale Good for the silver price though gents as China attempts to monopolise the silver supply like it has done with other minerals required for the production of batteries, solar panels and electronics. The USA is fighting back though as is Europe (weakly). There's a great game going on between the military powers to secure the huge stockpiles of silver required to manufacture military technologies and enable military engineers to respond to crises. Remember silver is not being stacked or hoarded in enormous quantities like gold is, silver is being consumed and the price needs to be a minimum of $100/oz (according to the Chinese reports) to make recovering all that silver economically viable Olive branch for the Chinese nationalist - 600 years ago, China was farther ahead of England than the UK is ahead of Africa today. What happened? Well, the Chinese in that era had the same attitude as the Chinese now - China is the great "Middle Kingdom", China can do no wrong and all other nations must bow to the Middle Kingdom. The English visited China (with assistance from Chinese navigators) and brought their finest gifts for the Emperor, including famously, European clocks. The Chinese dismissed the English and laughed at their clocks. Soon after the Chinese Emperor (Ming Dynasty) banned the Chinese from visiting "backwards" Europe and started dismantling the great royal Chinese fleet, punishing those who disobeyed his orders with death. Fast forward a few years and guess what? The finest minds in China couldn't fix the "backwards" European clocks. It is that moment that was said to signify the shift in power from East to West (Prof. Niall Ferguson), with the tiny English coming back to China a few centuries later and dominating the entire country, the "Century of Humiliation" or something, IDK, remind me. So, please @Happypanda88, continue with your Chinese imperialism and CCP propaganda, it's the only hope we've got of ever beating China! TIA

They aren't sending the coin in the picture though. The coin they have pictured is ripped from a dealer stock image which I think might be illegal by itself (IPR/copyright) What about 1 person having 9 different accounts, is that not against eBay policies? IDK I give up, shame eBay have no morals

People say there are no bargains in the coin section on eBay. Look at these - 1oz of 9999 silver shipped (from Shenzhen) for only £4.78 each: 1 Oz 9999 Silver Australia Lunar Series 2024 Year Dragon Perth Mint Bullion Coin | eBay NEW 2024 1 oz Silver Lunar Dragon coin with Dragon Privy BU Perth Mint | eBay 2024 Silver Lunar Dragon coin with Dragon Privy BU Perth Mint | eBay REPORTED! Same person with like 9 different accounts eBay got back to me and apparently everything is cool and normal, no violations 🤷‍♂️

From the beginning of the monetary tightening cycle the situation has been as the CEOs of major banks understood it to be - for inflation to be truly tamed then rates had to be aggressively hiked. When inflation in the US and UK was edging 9%, the highest level in decades, our central rates should have risen to match - so rates could arguably be 8%+ in the UK and 8% in the US - Jamie Dimon was floating 8% as possibly how high the US needed to go to tame inflation There is a flip side. Raise rates to 8% during an inflationary period while wage growth is lagging far behind and what you end up with is a spate of delinquencies, people struggling to meet their obligations, having their houses foreclosed, banking crises, recessions, etc. Of course in the modern era repossessing cars or foreclosing houses is racist, heaven forbid we ask people to adhere to the agreements they signed - just cite mental health, colonialism and the patriarchy as valid reasons to break the law. We know that when banks struggle - which they would if there were mass defaults - that the central planners will magic up another few $trillion, which would require further monetary tightening down the line Ranting now, but the compromise we came up with was "higher for longer". I got moderately dissed for suggesting rates may be hiked again above 5.25% before they were cut. Rate hikes are unpopular with everybody except pension funds and anyone who lives within their means, which is nobody. My current hope/feeling is rates in the UK will stay at 5.25% until summer 2025. I'm reading constantly from the Evening Standard and several other newspapers how the BoE are making such a hash of things and need to cut rates immediately. Those are pay-to-play opinion pieces with zero grounding in economic reality. They want cuts before the elections. If the BoE cuts before the Fed cuts it would be borderline suicidal for GBP. I hope we maintain rates above the US rate for long enough for GBP to go back to where it should be trading - in the $1.35-1.50 range, not $1.2-1.3 From the POV of gold it's shrugging off any rate pauses or hikes, gold is the cool kid who has no figs left to give. Gold is confident in its value and positioning regardless of what the central manipulators tell the public or do in practice. Gold has been on the march the entire time that rates have been rising and steady at 5.25%. That's incredibly bullish for gold. If gold can make stellar progress during headwinds, when rates flip to become a tailwind then gold is going to sail off over the horizon, exit earth's atmosphere and head to the moon

I'll take if off your hands along with some capsules if still available

If the price stays above $2300/£1832 then it's all golden. It's not that long ago we were excited about $2000/oz being the new floor. We're building a new floor around $2300. If the price stays above $2300 until after the 3rd June, that will add a lot of weight to a $2300 floor. We want to stay around $2300 for the rest of the summer and then add 20%+ between September - December 2024 to approach $2800. It's the end of 2024 and all throughout 2025 that the real game begins

The premiums are out of this world 🪐🌎 Nice items though

Actually due to the high cost of single units of gold with even 1g costing £60 + a premium (so £70 + shipping) it's easier for someone who only wants to invest their spare change to buy digital gold. With the Royal Mint you can invest as little as £25 in their DigiGold products or if you use a FinTech company you can invest as little as 1 INR (that's 1 Rupee or $0.012), while investment houses will let you invest starting at $12 USD (1,000 Rupees) Whether or not you choose to invest in paper gold depends on your outlook on the global economy and your appetite for 3rd-party risk. If you believe everything is fine and you trust the custodian of your gold, then paper gold wins over physical gold (no storage or insurance fees, postal costs). There may be 100+ people who each believe they own the physical gold corresponding to your paper claim so if SHTF in global markets then SHTF for your gold claim too Vaulted gold (ALLOCATED) can be a viable option. Again it all depends on your outlook and what you are trying to achieve. If you just want exposure to the spot price and you intend to regularly buy and sell, then owning paper or vaulted gold can be a more optimal solution than owning physical gold yourself If you intend to hold for long periods of time, don't have faith in global markets and hate the idea of a 3rd-party having your gold in their grubby little hands, then physical gold in your personal custody wins hands down

He's pushing the narrative that once the stock markets and USD collapse, the central authorities will be forced to revalue all debt and currency into gold and by extension, silver. If you do those calculations you can put gold at an insanely high price (think if the US revalued the $35 trillion debt + $35 trillion assets into gold) and thus for a limited period during the currency revaluation transition, you could buy a house for a few ounces of gold or 75-100 ounces of silver I agree it's highly speculative but it's fun to think about. I could buy an entire street with my stack 😂

Different bars, obviously 😂 Do you have a rough idea of the year?

Just tell em what they want to hear - my prediction for next week is 70 quint million zillion A new ATH might be hit before the end of the month, either this week or next, but equally I don't think it's sustainable I'll go for a close of £1927 next week but I'm stick to anything above $2400 is too hot for this time of year. Look to September for the rocket launch

Member in the tuck shop at primary school when you put in an IOU to pay back the 55p it cost for a tin of coke, 3 packets of crisps, 2 freddos and a Lambert and Butler? Did you ever pay it back? That's paper gold

Do you have any idea what year this is? interesting bar (I can't stop laughing that @sixgun is lurking in the background)

On relevant things check out this video below. Start at 5:20. It's super boring and conservative but 100% on the money IMHO. Pay attention to their predictions for gold and silver the rest of the year. Mirrors what I've been saying. This summer until late August/early September will be consolidation, not wild appreciation. If gold goes above $2400 it will fall back again until we get to September. The last 4 months of 2024 will be hot for gold and silver and will continue to remain hot until the end of 2025 at the earliest if not 2026. I predicted that in the middle of 2023 BTW and have consistently said the earliest I would sell would be late 2025, if at all

Check your maff 😁 coin weighs 19.619 grams of 917 gold (17.98 AGW * spot of £60.67)

Careful your bid is almost approaching a competitive price - melt value is £1090 (£60.67 * 17.98, check my maff)

£1013

Sorry James read the rules:

https://www.livemint.com/market/commodities/gold-rate-outlook-goldman-sachs-raises-yellow-metal-price-forecast-to-2700-per-ounce-by-yearend-11713155650616.html

Dear Shuaib .... Dear AaaGee ....

If these haven't sold by tomorrow afternoon then I will take them. I'll give the rest of you until then to get in first

@WongasGhost is ..... £444.44