KDave

No one stopped you buying at £1200 but yourself. The lesson to learn here is not to take investment advice from the nutcases on the silver forum and take responsibility.

Yes I agree £1600 + very soon , we are now into a long drawn out recession it will take at least 24 years to get back to the pre covid economy. 

Received some very good looking sovereigns from none other than @ilovesilverireallydo

Gold and currency are both ideas. Gold the metal is the medium for an idea that value can be transferred through time. In the material world gold the metal has relative few uses compared to its above ground stock. Yet the idea it embodies (money) gives it value (at the moment). That idea is shared by crypto currency by the way, which has no material value, but value as money. Go figure.
Currency can also embody the idea of money, it has done so in the past via the interest rate. However currency is primarily the idea of exchange, or rather the means for exchange that is most effective, especially today in which it can be entirely digital (crypto currency competes here too, unlike gold). You are correct in that the medium has less material value than gold, but what does that matter when the value of them both has very little to do with the material? 

140? I think anything above 100 will lead to total collapse. Ironically for all the QE, there is a global dollar shortage.

Just put a years SIPP contribution into SSLN this afternoon, so that's the kiss of death for silver.
Still had last years sat in there in April, put it all in SGLN. Currently up 15%.
Looking at the rest of the portfolio, HSBA, RDSB, EZJ, IMB etc, PMs are saving it. GSK up from the stocks. Smith funds also OK.

If you thinking of betting on this crash I hope you have an exit plan before everything is frozen up as thats whats going to happen your brokerage account will be frozen!

To answer a few quick questions, the bet is not what it seems to anyone not in the markets, because either party can simply hedge off the risk, I can simply sell put premium for the 1oz $1900 value and the other party can simply buy a $500 put for the 3oz $5700 value, this is obviously what I would do, Im not sure about the other party, its up to them, but i know what i would do, and your not paying me $500 are you, your paying me 1oz of Gold!
Im not long equities to hedge Short Gold futures, Ive been long equities via S&P 500 futures with a target that is very close, its so close 90% of the long position is now closed, were looking to Short equities right here, Gold and equities will soon collapse, sorry guys, but thats always been my view, were going into the abyss and as much as I like the shiny, its going to be taken down with everything else!  

Wonger checking the gold price:

Two things to watch this week - discussions by the EU and USA (separately) on stimulus measures - ie printing money.  

Perhaps another shoeshine indicator for the everything bubble yes, perhaps an early indication? 
I would be more concerned if everyone and his dog was interested in silver like they are robinhooding stocks with stimulus pay checks.

This has been reality since I was old enough to process politics (election of Blair). Taxing the decent to death in order to pay for the feckless, regardless of generation, has been government policy my entire life. I started my career in 2007 a year before the collapse and lived through it watching people who had assets give no thought to shouldering the next generation with their failure.

Yes that's the theory, it is only a theory but have a read
https://seekingalpha.com/article/4354679-rise-of-robinhood-traders-and-implications

Perhaps another shoeshine indicator for the everything bubble yes, perhaps an early indication? 
I would be more concerned if everyone and his dog was interested in silver like they are robinhooding stocks with stimulus pay checks.

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Are precious metals today's shoeshine boy parallel?

The word "RATIONALISE" comes to my mind, following this thread!
That is 
Some are telling
THEMSELVES -
"RATIONAL LIES"!
😉🤣👍

It's possible depending on where their stuff is vaulted that you may be taking advantage of a lower VAT rate. They seem to be in Bulgaria but I can't see there being a low rate for investment coins, although their VAT rate is temporarily 10% due to the "crisis". 
https://www.celticgold.eu/en/buy-silver.html stuff in stock here that puts it into the £17.xx territory when converted to Sterling. Sourced from Germany so 7% VAT.

1947 Mexico Gold 50 Pesos   Received from @SVcollector,  a rather splendid 1947 Mexican specimen  - 37.5g to add to the stack. My compliments and thanks to both @CadmiumGreen and @trp for their wise words of advice.  

It does not matter how much silver is mined compared to gold in regards to the price of either metal. 

Worth noting at the time of creation of the sovereign (1816 Coinage act), £1 was 20 shillings.  Those weigh 5.6g each so 112g, less than a third of a troy pound.  And thats sterling silver, so lose 7.25% silver.  Silver was not legal tender for values above £2 as a result of the new coinage too, interesting for all the what is money debates.  Comparisons of gold to silver values through history fall apart as soon as you dig into detail.

Is it fair to compare a single sovereign to 16 oz of silver? This is very interesting if the case and explains the GSR. Silver then becomes seriously overvalued at the previous GSR lows, rather than seriously undervalued as is proclaimed by many today at our recent records.

I’ll try.
A Sovereign is/was already classed as £1/One Pound Sterling.
In a Pound of weight, there are 16ozs.
Historically £1/One Pound contained 16ozs of Silver
16 ozs of Silver should therefore buy £1/One Pound in Gold.
In today’s money a £1 Gold Sovereign is £350 ish and 1oz of (physical) Silver is £22. Manipulated paper prices not applying.
16 Silver Ozs @ £22 each is £352 = One Sovereign/£1/One Pound.
I’m not comparing one oz to one oz. Simply the fact that the historical ratio has remained the same in physical prices.
Just a bit of fun