HonestMoneyGoldSilver

£22.58

Some insane pricing - £22.44 for ASEs, Maples and Britannias. You'd feel sorry for anyone selling ASEs or Maples Resale on the 2022 ASE is £51.38 ...

£23.03

Only 2,349 bids, 2,348 bids, 2347, 2346, 2355, 2354, 2353 There's about 2,000 bids to go

£23.53

£24.05

24.82

26.55

26.70

£26.88

£27.24

@silversky My best guess is that occasionally cryptos and paper PMs have an inverse relationship - funds are taken from one and funnelled into the other. This is fully tax efficient if you liquidate crypto-related ETFs and dump them into PM ETFs (0% tax on profits) Crypto has been pumping all week and today but is now on the retreat, perhaps a number of investors have decided to take their profit from the "knife-edge" of BTC (some analysts are saying BTC has to break $31K to remain on a bull run or else it could fall off a cliff, e.g. Kitco), and throw their lot in with actual money, or a closer approximation of it. Of course correlation doesn't always equal causation. It could just as likely be as you suggest - JPM and friends manipulating PM markets, again.

@silversky _ IDK my friend but it's really pumping. I've been trying to figure this out for a while. Hoping I wake up tomorrow and spot is £250 😋

£28.64 @SlowFrog

True but on March 17th when spot was $22.50, a 2023 ASE was $35.50 (100 coins) on SDBullion. Now on April 12th when spot is $25.05, that same 2023 ASE is $45.51 (100 coins). So spot went up $2.55 and the premium went up $7.96 for a total price hike of $10.01/coin or $1001 on 100 coins. With 2023 KCIIIs, the price on 17th March was $26.64 (100 coins) and right now it's $30.82 (100 coins) on sale. So spot went up $2.55 and the premium went up another $1.63 for a total price hike of $4.18/coin or $418 for 100 coins. KCIII is on sale and is $3 cheaper than QEII, the QEIIs having a $4.62 premium hike + $2.55 spot, a total hike of $7.17/coin or $717 for 100 coins since March 17th. I commented on ASEs a couple of pages back but the same holds true for all coins, generic rounds + constitutional silver. The only stuff you can pick up without being fisted by premiums are 10oz-1kg + generics. Yankee Stacking and Silver Dragons did a joint video on this a few days ago when they both said they had given up stacking sovereign coins and generic rounds due to premiums. They were recently stacking Britannias and Maples, not Eagles. Now they are doing 10oz-1kg + generics. Imagine how those poor fellows would react to 20% VAT 🤣 It's a physical silver squeeze starting in the largest market - the USA. It will feed over here too, just like with oil and gas. We produce that ourselves and get most of the rest from Norway but as prices are set internationally, we got fisted. The higher silver premiums get in the USA, the higher they will get here too 😬. Great for sellers I suppose, not so much if you're trying to stack 😨

£28.77

There have been several dips but the buying pressure is too strong. The biggest dealers in the west (literally) are having trouble keeping items in stock and shipping out existing orders, premiums are reaching insane levels. It used to be possible to buy Eagles $3 over spot now they're currently $21.75-22.25 over spot. You read that correctly. An ASE is $46.80 on SD Bullion and $47.30 on APMEX I check international sites regularly, mostly USA and Asia. Even when spot dips the premiums are rising faster than the dips. Everybody that says this is invariably wrong but I don't mind if I am wrong ..... it's different this time. This is just the beginning

Those might be collector's items, people actually collect cigarette packets from around the world 🤣 Marlboro are one of the most popular. Full boxes are much rarer than empty ones for obvious reasons, bloody things are addictive! But yea, original packaging without all the pictures of lungs falling out, limp ***** and dead babies (thanks Australia), might actually be worth something Do cigarettes and tobacco go off? Those lovely chemicals will keep them "safe" forever but they will go stale and dry, so yes, they do go off. It's illegal to put a best before date on tobacco products as some bright spark thought people would chain smoke if the date is short

Wow, it's really nice, I thought it was maybe silver but nobody's crazy enough to make a 999 silver sword .....

OK I'll start you with £30. Now if we can all just spam the life out of this and put in 3,000 bids 😁

I'll take a stab with 1919.19 grams

What type of sword is it and what is it made out of, sterling silver?

@SidS - Sure but the video doesn't contain any predictions just statistics. I don't entirely agree with anyone but that's what makes the markets tick and keeps life interesting, right? If a bitcoin can be worth $67,000 and a Pokemon card be worth $5,275,000, then an ounce of silver can be worth any arbitrary number.

I agree there are coherent narratives for shot-term dips and long-term bull runs along with everything in between Several things are different this time: 1) Inflation particularly in energy, shipping, wages, ESG and finance. Energy and compounding finance costs related to ESG have raised the floor for precious metals. They will never go as low as they once did. Inflation in the wider economy/world makes all goods and services more expensive. It doesn't make sense that silver went down 40% from peak to trough while inflation raged, does it? That will work itself out and we will see sustained price increases IMHO at least until $30 2) War in Europe and rumours of war, especially in Taiwan. WWIII-scenarios haven't been a serious risk for 30 + years 3) The central banks. The banks will pivot in the near future and then things will get wild for precious metals as opportunity costs evaporate. That is the real lift-off point that I've been waiting for. It's only after the CBs pivot that we will see the true potential of silver. This is scary for all of us but the IMF is claiming we're going back to "pre-covid" (i.e. 0%) interest rates: Central banks' interest rates to fall to pre-COVID levels, says IMF | Kitco News 4) There are many more industrial and medical uses for PMs than at any time in history. If we were all to transition to EVs and solar panels (as per regulations in several important jurisdictions such as California, EU, UK), that would be immensely bullish for silver. Then you have gold as a viable solution to multidrug-resistant superbugs. If that went mainstream it would be enormous for gold and PMs Gold-based drugs proving effective in treating deadly 'superbugs' | Kitco News 5) The changing of the guard for "safe haven" assets. There used to be one Tier-1 asset - the USD and her sister products of US Treasuries. Gold could be either Tier-1 or Tier-3. Now gold (Basel III) is a Tier-1 asset alongside USD. Other traditional safe havens like bonds, GBP, JPY, physical real estate and defensive stocks (e.g. medical/consumer healthcare, supermarkets/consumer staples, utilities and REITs (Real Estate Investment Trusts)), are more or less in vogue than they used to be, mostly less. Some "respectable" people are even talking about bitcoin and cryptos as a "safe haven" asset. That's so insane to me I can't describe it 6) We tend to be myopic about "the golden billion" of North America, Western Europe and Japan/South Korea/Singapore/Hong Kong/Australia. There have been huge advancements in 3rd-world and developing economies. That guy from YouTube, Mike Maloney, has good stats on this like the retail money (consumer credit) available for investment in PMs now is 220 times greater than in the last great bull run of the 1970s/80s, along with stock market cap being 49 times larger, assets under management about 40 times greater ....

@GoldDiggerDave The FOMO is real in the USA. More and more daily reports of LCSs and bullion dealers being wiped out, which didn't happen in 2008, 2020/21 or at any time in the memory of the owners, who tend to be older gentlemen. SD Bullion and other online dealers posted recorded sales in the past few weeks. Great opening line in this video, also the last 2 minutes are very interesting