Airhead

43 minutes ago, sixgun said:

No of course it isn't 'solely down to paper traders'. Mined supply is falling - there has been big silver deficits since 2021. Demand is soaring both industrially and from physical investors. The Shanghai price is dollars higher than the suppressed Western price which further sucks silver out and to the East. The net result is the supply does not equal demand so the price is getting pushed up; and as the price gets pushed up the shorts have to start closing which compounds the rise. 

Sounds logical, thankyou.

3 minutes ago, theman73 said:

Paper traders make money both ways.

Me gusta

I find it hard to believe that the bull run is solely down to paper traders. There is something else at work here and if someone was to say state actor(s) I would not necessarily disbelieve them. Don't get me wrong, I am not complaining, just wondering.

Whilst it is rather gratifying seeing the price of silver so high, especially when I can remember buying silver at £12-ish an ounce VAT free from Estonia, the thing I am wondering is why. After spending so much time in the doldrums, why has the price shot up so much in such a relatively short period of time?

With Silver at around £24.10, I am curious to see the strength of the infamous Friday night slap-down.

#220

5 hours ago, Scootermuppet said:

Have to agree - I find it strangely comforting... 😊

Like the man in Ukraine who had his home destroyed and the news item reported he had lost everything - except for some gold coins he had buried in the garden.

Please place me on the waiting list for one bar, as I only have 1oz SF bars I have not owned a 100g bar.

980cc

On 15/04/2022 at 00:35, SilverPlatinum said:

No other metal on earth can match ❤️Silver❤️ in these properties:

--- Silver conducts heat better than any other element.
--- Silver conducts electricity better than any other element.
--- Silver is the most reflective metal on earth.
--- Silver has antimicrobial properties, so it kills bacteria quickly, this is why they used to gift silver spoons to babies (to keep their teeth healthy). Copper kills bacteria too but at much slower speed than Silver.
--- Silver tarnish and produce beautiful colorful rainbow patina (which no other metal can match).

P.S. During ancient times, silver was more valuable than gold primarily because it was more difficult to find in its natural state as well as to extract from its ores.

I LOVE ❤️SILVER❤️.....

 

Silver is only the second best conductor of heat, the best conductor of heat is, surprisingly enough, diamond. Due to it being compressed carbon I suppose.

May I have the same number as the last few years 105

Many Thanks

2 minutes ago, Petra said:

Where they going to sell it? If they managed to the first you would know is that it had been done, no market dip, probably not know who got it, but probably china.

 

Dubai or Shanghai as London and New York are closed to Ivan at this time. Gordon Brown sold half our reserves and the price dipped, although he did tell everyone before the event.

Taking a bit of a contrarian position, if Russia starts to unload some of its gold reserves, as its sovereign wealth fund has been seized by the west, this could depress the price somewhat, perhaps, maybe. Not sure what effect a few tons of bullion would do to the price, but as they say, buy the dips.

On 26/01/2022 at 14:45, Foster88 said:

I always thought all finds of medieval or ancient coins have to be reported to FLO, is that not the case?

Anything over 300 years old and made of precious metal is deemed to be treasure and the crown is entitled to first dibs. Although usually the finder does not loose out if the find is reported.

https://www.gov.uk/treasure

6 hours ago, paul159 said:

Hi, yes I upgraded to premium membership as you suggested.

Let the fun begin. 

28 minutes ago, paul159 said:

Hi Airhead, I think the quantity I'm looking to acquire, would mean I'd have to go through a dealer I suppose, such as Baird or Bullion by Post....say 30 sovereigns brings the premium down to around 5.5%. Is that worth it in your opinion?

Seems quite good although trawling though as many dealers as you can sometimes show up good deals. The best place to buy Sovereigns is right here on the forum, although you would need to upgrade your membership to see listings as soon as they are posted.

Just now, paul159 said:

I was considering silver in the context of the possible hyper-inflation of the dollar...

In that case forget Silver and buy gold. Either 1oz Britannias, low margin, or bullion Sovereigns, very liquid.

But I would not think about silver at the moment in any shape or form unless as a collector you had a hankering for a particular numismatic dainty.

4 minutes ago, Bigmarc said:

How does it work with storage when you want to sell? 

With Bairds they will guarantee to buy anything in your allocated holding.

2 minutes ago, paul159 said:

I see. Why wouldn't I need to pay vat if I opt for storage?

Because you do not take physical possession, it just sits in thier vault.

There is a dealer directory section of the forum. Living in Essex, the cheapest option would be Bairds for Kilo bars, works out at £19.38 an ounce but you have to add vat, unless you opt for storage.

1865, Birmingham Assay, 18 Caret. H&S is the maker, haven’t a clue.

16 hours ago, GoldDiggerDave said:

 Steven Rhodes is one of my favourite graphic artist.  

“As children, Burke and Hare would often be found practicing the skills that would bring them such fame in later life”

Very informative thank you. One thing I would mention in a friendly way, if your location is your actual address you might want to change it to be a little less geographically specific, for obvious reasons.

17 hours ago, GoldDiggerDave said:

The RM know we all will be queuing up to buy every single 2022 Sovereign we can afford to buy! 
 

 

With all the hype and venality that accompanies RM releases I would prefer to save my money and buy a young head Victoria shield back. The quality of modern sovereigns are not the same as earlier ones IMO.

Just a quick update, Atkinsons were very helpful and will swap the coin. Marvellous service.