freefall

Feel for you here mate.

I've had a few high value orders from GS>BE in the past few years. They've all arrived safely but were either delivered by Yodel 😬 or Fed-ex. I think there's a good chance UPS have sub-contracted out your delivery which may be the source of the problem.

You've done the right thing alerting everyone to GS.BE customer care. Trust and reliability is pretty fundamental in the  precious metals business. I wouldn't use them again.

Hope it turns up or you get a refund. 

Just now, DarkChameleon said:

It does..but im happier the ratio is falling so i can exchange for gold.

That’s what I done with the money from selling mine. With premium being so high on physical silver it made sense to me to exchange for gold. Anyway it’s been good times for everyone who has invested in PM’s 😎

Pretty explosive move up and I can’t see any reason for it not to stick. Shame I sold all mine over the last few months. Happy for all the guys have been holding on for years waiting on it. Must feel good.

1 hour ago, werewolf said:

Has anyone outside the UK ordered and received coins from Hatton Garden Metals? I've made an account with them to see the delivery costs and it seems the website is unaware that Bucharest is  Romania and they tax the same rate 6.95 GBP for delivery as in UK. If I proceed with all the steps I get to the card details for payment. Somehow I don't think this is right....Do they ship outside of the UK ?

https://www.hattongardenmetals.com/about/secondhanditemterms.aspx

4.4 We can deliver our products anywhere in mainland Great Britain and Northern Ireland. Unfortunately, we do not deliver to the Channel Islands.

Pretty sure that means UK only.

Are you going to put them in the pot at the end of the rainbow?

6 hours ago, shineythings said:

Thanks for this advice. I'm new and trying to figure out the best way to get the cheapest silver.

This one comment, just made my overly complicated excel spreadsheet look lots better!

I don't have revolut. But have a Halifax Clarity Creditcard, they have zero loading on foriegn spending and use the bank exchange rate in currency, so i'm guessing should be the same thing...  

 

Use Transferwise mate. It is easy and totally legit. Just link your debit card.

I have had a clarity card for years which is great for holidays but i wouldn't use it for large foreign currency transactions.

On 07/06/2020 at 17:50, LawrenceChard said:

We just did another "unboxing" photo session, which does not qualify for "Today I Received...", but it actually looks more impressive despite the fact it contains only 25,000 ounces of silver, compared with 35,000 ounces for the monster box shot.

 

We had to use a wide angle fisheye lens to get the whole lot in one photo.

The silver is impressive but I'm more impressed the table didn't collapse. Definitely not from IKEA.

They are a sponsor of this site but ive never used them myself. 

This feels like the next big move up. 

3 hours ago, Rocky2000 said:

Comparing anything with anything else long term is a very good way to see if something is overvalued or undervalued 

That's not always true. Sugar, pepper and Aluminium to name but a few commodities that were at one point very expensive but are now cheap and widely available.

With regards to silver. I think one of the factors keeping the price down is it's often a by-product of say a nickel, gold or copper mines primary output.

So one would have to presume if there was broad downturn in the demand for commodity metals like during a global recession the silver supply would decrease rapidly. The question is does the fall in demand for silver in industrial use fall as fast as the supply does? If not I would expect prices to rise. 

11 minutes ago, Pete said:

" Buying anything with a high premium over its market value is going to result in diminished gains or even a significant loss"

Just wonder where this statement originated !! Haha

The "market value" is I am afraid the "premium".
If you meant "premium over spot" ( i.e. scrap melt value ) then that's a totally different story.

 

Obviously its difficult to get silver at the spot price. But you should aim to get it as near as. I bought all my all my silver (1oz britania's, maples and kangaroos) at roughly 20-25% over spot from Europe. Buying the same now would incur a much higher premium. I bought in bulk before the rush which is an easy thing to say in hindsight I know. I wouldn't buy any right now due to the uphill battle in recovering the current premium.

It could be that in the near future some of the guys ruing their decision to buy silver will be wishing they'd bought more. Buying anything with a high premium over its market value is going to result in diminished gains or even a significant loss. So buy cheap and if the initial reasons why you invested are still valid then hold on in there.

3 hours ago, MancunianStacker said:

Or maybe all of these for good measure 

Now there's a shortage of physical in London as well as New York.

https://www.bullionstar.com/blogs/ronan-manly/amid-london-gold-turmoil-hsbc-taps-bank-of-england-for-gld-gold-bars/

This is like the jimmy Saville case. It can only be hushed for so long. The truth will out eventually.

2 hours ago, Midasfrog said:

Probably in 15 days time todays price will look cheap 😳

In the dot-com bubble it was Enron, during the financial crisis it was Madoff and Lehman Brothers. This bust has a way to go and we are still waiting on something to "pop".

Maybe its a bank, Maybe its a currency or peg. Maybe its fraud in the gold or another market that emerges.

When it does happen, it will happen fast and gold could soar overnight.

6 hours ago, RacerCool said:

I started as the poor man stacker years ago: I'd get a few silver coins here and there as I was able, to add to the tiny collection of silver dimes and quarters I might find in change. And I mean it was the poor man's way, by buying $1 face whenever I could.

Gold wasn't even a dream. No one like that can reach high enough to pay off his debts, let alone buy gold! But a few years ago I was finally in a position to pay down most of my debt, and begin buying gold. And since then I've been building a gold stack as well a bigger silver stack.

Glad to hear it mate and long may it continue. Releasing yourself from the bondage of debt should be a priority for everyone. Except in extreme circumstances all debt is optional. 

4 hours ago, AgCoyote said:

My initial interest in gold/silver stems from being a supporter of the Ron Paul campaign. I never liked the debt based credit driven Keynesian system. I abhor debt and value the freedom of being solvent. In 2008 and 2012, I supported Paul for president. In 2008 he had me because of his foreign policy stance and I liked that he was fervently against the welfare state while being principled. In 2012 my support was far more nuanced and by that time I had acquired a modest amount of silver.

I began stacking silver again in 2017-18 but had never got gold yet. In 2019 I bought  my first 1/10 oz Kangaroo and it was beautiful. My gold holdings while still modest are increasing rather quickly. I have to say I always wondered why silver isn't more loved by people as it very beautiful. It always made a little upset that people don't view it on the same level as gold. Then I got gold and I can understand why people view it this way. There's just something about gold that's inexplicably alluring.

I'm with you on the welfare state. Tenants in the UK have been permitted to defer rent for 3 months due to the pandemic which is understandable. Now a movement is gathering pace for indefinite rent cancellation backstopped by the state or possible mass rent strikes. Must be tough to be a landlord right now. The government will print the money to avoid civil unrest. People are convinced its the governments job to support them.

Whilst silver is nice, nothing compares to the allure of gold. I bought a 22 carat rope chain about 2mm in diameter from a Indian jewelers in London. The facets are cut to catch the light as it moves. People have asked me if its real or fake because of the deep yellow colour. 

Up 40% in a year. Spot was at £987 a year ago today. 

3 hours ago, Groundup said:

As an adult it all got forgotten about and precious metals/jewelry never played a part of it. Working - mortgage family- going out was the norm. All that changed when I watched a News program with this crazy guy called Max Keiser  talking about Gold/silver and this new thing called bitcoin. It took me right back to my childhood days, who'd have thought them shiny PM's had such an amazing and important role in history.

I used to watch the Keiser report too. He’s been banging the door on gold for years but now it’s more bitcoin. His anti establishment message sat well with me. My trust in government had totally gone after the war in Iraq and the financial crisis. Loved his zany style and straight talk. I didn’t take what he said as gospel but it was the only place I could find someone who had a platform to attack the mainstream narrative. I found my own truth somewhere in between. I always find it funny when RT gets branded as a Kremlin mouthpiece when that’s exactly what the BBC is too.