Roy

Agreed.
C'mon, the comment about cutting the coin was funny but the other (sucker) does them no favours. Just move on and spend your money elsewhere 

@ilovesilverireallydo knows all about these.
Ask him to put you on his list 👍

I picked this up from Mike Maloney's latest vid.
 

http://pricedingold.com/uk-house-prices/

Agreed.
C'mon, the comment about cutting the coin was funny but the other (sucker) does them no favours. Just move on and spend your money elsewhere 

You have a feedback of 86.
Do not confuse feedback with reputation points 🙂

You have a feedback of 86.
Do not confuse feedback with reputation points 🙂

I think we are only seeing half the side of the story at the moment.  Can we see your message to them?
Some people make offers at 50% of the asking price, or 25% under spot, and in these situations it would be easy to understand an adverse reaction from the seller.
Declaration of interest: In the past I have bought two or three items from this dealer and everything has been fine.
 

These boxing cards can be expensive to buy. My mother in law gave these to me the other day and I looked them up to see what they would fetch. I was quite shocked at some of the prices but it all depends on what someone is willing to pay. There isn't a full set here, just 62 of them but there were over 100 in the series.

I bought 4 of them. I will be listing them here and on ebay for £1100.
😉

Has anyone told Elon about this?

Has anyone told Elon about this?

Has anyone told Elon about this?

The house prices going up first and gold following is due to the gold standard till 1971. Nixon said, he had to "suspend" it because of gold price speculators. The speculation however took place because already before 1971 they printed more Dollars than the gold standard would have allowed - but gold had an official price which made gold too cheap compared to its actual value. Thus the gold price speculation and thus also the house prices going up first and gold catching up in the 1970s.
It would also be interesting to see an index for the number of hours an average earner needs to work to buy one house or a certain amount of gold. You would see you need to work much longer for the same amount of house or gold today, probably roundabout a factor of ten - really only very roughly (compared to the 1950s).

Recent acquisition I’ve recently gone on a vintage bender & I just can’t seem to stop, Some one please call Frank 😓
 
Mouth watering patina, Looks like a freshly painted master piece 🤩🤩🤩
 
Tola - It was the base unit of mass in the British Indian system of weights and measures introduced in 1833, although it had been in use for much longer.
 
 
I believe this specimen was produced during the 1960’s  

I'm impressed that you've managed to work out that liking something doesn't automatically make it
the best choice every time. we all like silver(it's why we've found our way to thesilverforum). some of
us choose to defend silver to the bitter end. whilst others try a more practical approach, and choose
the best metal for the job at hand based on it's merits. being honest with yourself to each metals pros
and cons is an important step for this.
I like gold because it's requires the least maintenance.(the lazy option)
 
HH

@Kman
Can we pls get your interpretation of the chart 

I bought 4 of them. I will be listing them here and on ebay for £1100.
😉

I picked this up from Mike Maloney's latest vid.
 

http://pricedingold.com/uk-house-prices/

Yes it's an index chart. 
At the start of the time series on the chart, the average house price in units of gold and in units of GBP was 100 units.
At the end of the time series on the chart, the average house would still cost the same 100 units of gold, but you would now need over 10,000 units of GBP (being over 100 times as many units of GBP than you needed 70-ish years ago to buy an average house).
So the conclusion I draw from the chart is that in 2021 an average house is worth the same amount of actual physical gold as it was in 1950 or thereabouts.  So the increase in the price of gold has mirrored the house price inflation over those 70 years.
 
Interesting to note that house price inflation was faster than gold price inflation until about 1973 (i.e. the thick line is going up) - then gold goes up faster than house prices until about 1980 (i.e. the thick line is going down) - etc etc.  
With the UK housing market currently going a bit nuts, the thick line will currently be going up again.
 

Perhaps it's simply an index- no denominations i.e £ or toz but 10 x, 100x etc.?
'When measured in Pounds Sterling, UK Houses are over 100 times more expensive than they were in the early 1950s (the £ index has risen from 100 to over 11,000). But measured in gold, house prices are about the same today as in 1952 (gold index 100 then, 105 in mid-2020). Since 2005, house prices in £ rose almost 50%, while prices in gold fell by more than 75%.'

I remain none the wiser, but I am seriously happier having read the responses. Laughing. smiling and frowning trying to understand what on earth this is all about. What a lovely end to the week. Hahaha!

Well, I was hoping someone would tell me!
What caused the drop in c.1968?
I think it's saying 100oz of gold would buy a house in 1955 and also in 2020 whereas in £ it's gone up 100 times?

Perhaps it's simply an index- no denominations i.e £ or toz but 10 x, 100x etc.?
'When measured in Pounds Sterling, UK Houses are over 100 times more expensive than they were in the early 1950s (the £ index has risen from 100 to over 11,000). But measured in gold, house prices are about the same today as in 1952 (gold index 100 then, 105 in mid-2020). Since 2005, house prices in £ rose almost 50%, while prices in gold fell by more than 75%.'

@Roy perhaps I need to follow your signature rules and adopt the alcohol is a solution mantra as that chart baffles me. Is there a specific way to read this properly? I may be showing my huge ignorance here, but I have never been ashamed of needing to learn. Cheers!

In a word, no.
First, I don't think silver is going to hit the moon.
I bought into the hype back when silver was $5/oz, the fiat crash was coming, just around the corner in fact, the dollar was going to go down and burn.
Well it didn't. Did it lose purchasing power? Yes it did.
Has it been highly inflated since the early 2000s? Yes, for sure.
Has silver gone to the moon? Well that depends how high the moon is, $20? $30? or $40? 
What I did see was a healthy profit on those 50 or so oz of silver I'd accumulated at $5. So was it a bad move? No it certainly wasn't, it was quite lucrative in fact and I'm still in profit on all of those holdings.
The biggest problem for silver is that the financial system is heavily rigged against it. They will always find a way to knock the price down. Should silver be worth more? Yes probably.
So Basel III arrives, it won't make much difference they'll just restructure how they do the price knockdown. If the market is so lucrative for the big banks they'll find a way around the rules, they have lots of lawyers etc. All good for finding legal loopholes.
The whole banking crisis of 2008 was supposed to have brought in reforms and tightened up credit and brought about responsible lending. To be honest, people have short memories and I don't think much has changed, if anything it's same old, same old. The lure of a quick buck being simply too strong to resist, they'll just have rebranded and reworked how they run the same old schemes.
Am I a cynic? Yes totally.
So what if silver does head to $100, $1000 an oz? Well if that happens then there is a wider currency crisis at hand and that will result in one of two things: a revaluation - a la Turkey, where they knock a few zeros off the currency. So your $1000 oz of silver, suddenly becomes worth 10 new dollars. Or they will switch to a digital currency where your £1000 oz of silver becomes worth 15 Britcoins.
If silver does make $1000 per oz, then I ask you what will the price of bread be, $750 a loaf?
A rapidly rising silver price won't equal life changing profits in a currency collapse, it will hopefully simply sustain your current net worth until recalibrated into a new currency format. Or at best give you a tidy profit, like my $5 oz purchase going up to $20/$30. Can't exactly retire on it though can I?
I suspect the price this decade will mostly fluctuate between $15-$35 oz. We might break ground at $50 an oz by the late 2030s, based on the steady erosion of inflation.
If a pandemic and worldwide lockdown can't send silver heavily skyward, nor conflicts throughout the 2000s, 9/11 or the banking crisis of 2008, then I struggle to forsee what could send it to the moon and make it stay there.
Maybe we'll hit $100 by the end of the century? 2100 here's looking at you...