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sixgun

Silver Premium Member
  • Posts

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  • Country

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Reputation Activity

  1. Like
    sixgun got a reaction from EdwardTeach in Silver Monitoring Thread £ (GBP) only.   
    But why talk about dealers' buy and sell prices?
    We have our own trading forum here.
    This morning i see 50 Britannias for sale - that works out a £22 each.
    One member has asked for some of these coins - so someone is selling and someone buying at this price.
    So you can buy cheaper than the dealers and you can sell at a much better price. So the argument about VAT and premiums doesn't really count when you can sell with some 'VAT and premium' in the price.
    Why would you sell to a dealer when you could sell to other members? That is the point of TSF.
     
  2. Like
    sixgun got a reaction from EdwardTeach in Silver Monitoring Thread £ (GBP) only.   
    There are so many imponderables.
    The COMEX price of silver is several cents less than spot. This shouldn't be - only when a futures contract is about to expire should be prices equalise, up until then there are carry costs for the silver which should be in the price and make silver for delivery in the future more expensive. The paper market is broken - it cannot be used to hedge physical b/c of the amount of backwardation. The market is broken b/c there is so much manipulation. Unless the Western central bankers and assorted officials are careful the market will blow up like it did in March 2020. 
    i see several other nations applying to join BRICS - the likes of Saudi Arabia and Iran. The Global South values real money - they want to get from under the USD system. There is serious discussion about a commodity based currency. After gold and oil/gas, silver is number three in the peaking order in this commodity currency. London and the US will put up a price for gold and silver but when the pricing mechanism has already broken, that price will be meaningless. The people that matter will ignore it. Large premiums for tonnage amounts of metal for immediate delivery are being paid. Countries in BRICS have the physical - the Western cabal doesn't. There is a gold for Russian oil trade which is being exploited. There is a discounted price for oil if you pay in gold. The limit on this is the amount of gold you can actually get your hands on. The US centric paper market is just not connected with the international world of metals. 
    So the West will want to smash the price down - it will be the paper price. The smashes on price are always a sign that the system is in trouble. We saw in March 2020 the paper price was smashed but once the brief initial shock settled i am sure members noticed the price of coins had gone up and gone up a lot.
    So yes there might be a dip in price - but it will be the paper price. The world is changing very fast. The people who used to make the rules are losing their grip, well their grip on the Global South and it will be the Global South who will be driving the world's economy and will be setting price. The West will go into recession - it could well be a recession that lasts for years - even decades. i just keep stacking. i don't know exactly what will happen or when but i know that it is not a matter of if, it is simply a matter of when, for silver.
  3. Like
    sixgun reacted to HerefordBullyun in Silver Monitoring Thread £ (GBP) only.   
    Yes soon to be BRICS MIICS Malaysia indonesia Iran Chile Saudi Arabia
  4. Like
    sixgun got a reaction from LemmyMcGregor in Silver Monitoring Thread £ (GBP) only.   
    There are so many imponderables.
    The COMEX price of silver is several cents less than spot. This shouldn't be - only when a futures contract is about to expire should be prices equalise, up until then there are carry costs for the silver which should be in the price and make silver for delivery in the future more expensive. The paper market is broken - it cannot be used to hedge physical b/c of the amount of backwardation. The market is broken b/c there is so much manipulation. Unless the Western central bankers and assorted officials are careful the market will blow up like it did in March 2020. 
    i see several other nations applying to join BRICS - the likes of Saudi Arabia and Iran. The Global South values real money - they want to get from under the USD system. There is serious discussion about a commodity based currency. After gold and oil/gas, silver is number three in the peaking order in this commodity currency. London and the US will put up a price for gold and silver but when the pricing mechanism has already broken, that price will be meaningless. The people that matter will ignore it. Large premiums for tonnage amounts of metal for immediate delivery are being paid. Countries in BRICS have the physical - the Western cabal doesn't. There is a gold for Russian oil trade which is being exploited. There is a discounted price for oil if you pay in gold. The limit on this is the amount of gold you can actually get your hands on. The US centric paper market is just not connected with the international world of metals. 
    So the West will want to smash the price down - it will be the paper price. The smashes on price are always a sign that the system is in trouble. We saw in March 2020 the paper price was smashed but once the brief initial shock settled i am sure members noticed the price of coins had gone up and gone up a lot.
    So yes there might be a dip in price - but it will be the paper price. The world is changing very fast. The people who used to make the rules are losing their grip, well their grip on the Global South and it will be the Global South who will be driving the world's economy and will be setting price. The West will go into recession - it could well be a recession that lasts for years - even decades. i just keep stacking. i don't know exactly what will happen or when but i know that it is not a matter of if, it is simply a matter of when, for silver.
  5. Like
    sixgun got a reaction from lubi29 in Silver Monitoring Thread £ (GBP) only.   
    There are so many imponderables.
    The COMEX price of silver is several cents less than spot. This shouldn't be - only when a futures contract is about to expire should be prices equalise, up until then there are carry costs for the silver which should be in the price and make silver for delivery in the future more expensive. The paper market is broken - it cannot be used to hedge physical b/c of the amount of backwardation. The market is broken b/c there is so much manipulation. Unless the Western central bankers and assorted officials are careful the market will blow up like it did in March 2020. 
    i see several other nations applying to join BRICS - the likes of Saudi Arabia and Iran. The Global South values real money - they want to get from under the USD system. There is serious discussion about a commodity based currency. After gold and oil/gas, silver is number three in the peaking order in this commodity currency. London and the US will put up a price for gold and silver but when the pricing mechanism has already broken, that price will be meaningless. The people that matter will ignore it. Large premiums for tonnage amounts of metal for immediate delivery are being paid. Countries in BRICS have the physical - the Western cabal doesn't. There is a gold for Russian oil trade which is being exploited. There is a discounted price for oil if you pay in gold. The limit on this is the amount of gold you can actually get your hands on. The US centric paper market is just not connected with the international world of metals. 
    So the West will want to smash the price down - it will be the paper price. The smashes on price are always a sign that the system is in trouble. We saw in March 2020 the paper price was smashed but once the brief initial shock settled i am sure members noticed the price of coins had gone up and gone up a lot.
    So yes there might be a dip in price - but it will be the paper price. The world is changing very fast. The people who used to make the rules are losing their grip, well their grip on the Global South and it will be the Global South who will be driving the world's economy and will be setting price. The West will go into recession - it could well be a recession that lasts for years - even decades. i just keep stacking. i don't know exactly what will happen or when but i know that it is not a matter of if, it is simply a matter of when, for silver.
  6. Like
    sixgun got a reaction from Bars in Silver Monitoring Thread £ (GBP) only.   
    But why talk about dealers' buy and sell prices?
    We have our own trading forum here.
    This morning i see 50 Britannias for sale - that works out a £22 each.
    One member has asked for some of these coins - so someone is selling and someone buying at this price.
    So you can buy cheaper than the dealers and you can sell at a much better price. So the argument about VAT and premiums doesn't really count when you can sell with some 'VAT and premium' in the price.
    Why would you sell to a dealer when you could sell to other members? That is the point of TSF.
     
  7. Like
    sixgun got a reaction from TheShinyStuff in Silver Monitoring Thread £ (GBP) only.   
    But why talk about dealers' buy and sell prices?
    We have our own trading forum here.
    This morning i see 50 Britannias for sale - that works out a £22 each.
    One member has asked for some of these coins - so someone is selling and someone buying at this price.
    So you can buy cheaper than the dealers and you can sell at a much better price. So the argument about VAT and premiums doesn't really count when you can sell with some 'VAT and premium' in the price.
    Why would you sell to a dealer when you could sell to other members? That is the point of TSF.
     
  8. Super Like
    sixgun got a reaction from Dakaras in Silver Monitoring Thread £ (GBP) only.   
    i am also back to silver after not getting that much of anything for a while. i got some Bull Bear coins from goldsilver.be last month - i got them delivered but shipping is 45€ so quite pricey. i think i will get them to hold my coins and then send over a few lots in one go as it keeps the shipping cost per coin down.
    There is Goddess Europa available at £18.60 at the moment. i am not massive on the design especially the Queenie side but they are nearly all actually selling on ebay at £30+ so some people must think they are ok.
    The £600 kilo bars were one i really like - el scorchio deals there. Still in bed, so missed them.
  9. Like
    sixgun got a reaction from stefffana in Silver Monitoring Thread £ (GBP) only.   
    But why talk about dealers' buy and sell prices?
    We have our own trading forum here.
    This morning i see 50 Britannias for sale - that works out a £22 each.
    One member has asked for some of these coins - so someone is selling and someone buying at this price.
    So you can buy cheaper than the dealers and you can sell at a much better price. So the argument about VAT and premiums doesn't really count when you can sell with some 'VAT and premium' in the price.
    Why would you sell to a dealer when you could sell to other members? That is the point of TSF.
     
  10. Like
    sixgun got a reaction from silversky in Silver Monitoring Thread £ (GBP) only.   
    But why talk about dealers' buy and sell prices?
    We have our own trading forum here.
    This morning i see 50 Britannias for sale - that works out a £22 each.
    One member has asked for some of these coins - so someone is selling and someone buying at this price.
    So you can buy cheaper than the dealers and you can sell at a much better price. So the argument about VAT and premiums doesn't really count when you can sell with some 'VAT and premium' in the price.
    Why would you sell to a dealer when you could sell to other members? That is the point of TSF.
     
  11. Like
    sixgun got a reaction from goldmember44 in Silver Monitoring Thread £ (GBP) only.   
    $17.57 is a full gap close from 2020 - likely wouldn't reach this b/c too many big bids are waiting - as $1673 in gold.
    Lots of Exchange For Physical going on due to huge arbitrage profits. This is the physical market meeting the paper and why this current situation cannot go on long term. Keep stacking.
  12. Haha
    sixgun got a reaction from SidS in does this look like sterling to you?   
    False alarm i think - he was in 529 races - so he was multiracial. 
  13. Haha
    sixgun got a reaction from SidS in does this look like sterling to you?   
    @LawrenceChard Black Face is racist. I'm wondering if i should report this post.
  14. Haha
    sixgun got a reaction from EdwardTeach in Silver Monitoring Thread £ (GBP) only.   
    Well sometimes i am bimetallic. 
  15. Haha
    sixgun got a reaction from EdwardTeach in Silver Monitoring Thread £ (GBP) only.   
    You don't seem to like silver Roy. Are you argentophobic? That must be hate speech because only this morning i identified as being silver. This afternoon i am an attack helicopter. 
  16. Haha
    sixgun got a reaction from LemmyMcGregor in Silver Monitoring Thread £ (GBP) only.   
    Well sometimes i am bimetallic. 
  17. Haha
    sixgun got a reaction from LemmyMcGregor in Silver Monitoring Thread £ (GBP) only.   
    You don't seem to like silver Roy. Are you argentophobic? That must be hate speech because only this morning i identified as being silver. This afternoon i am an attack helicopter. 
  18. Haha
    sixgun got a reaction from Roy in Silver Monitoring Thread £ (GBP) only.   
    Well sometimes i am bimetallic. 
  19. Haha
    sixgun got a reaction from Roy in Silver Monitoring Thread £ (GBP) only.   
    You don't seem to like silver Roy. Are you argentophobic? That must be hate speech because only this morning i identified as being silver. This afternoon i am an attack helicopter. 
  20. Haha
    sixgun got a reaction from Spanishsilver in Silver Monitoring Thread £ (GBP) only.   
    Well sometimes i am bimetallic. 
  21. Haha
    sixgun got a reaction from SidS in Silver Monitoring Thread £ (GBP) only.   
    Well sometimes i am bimetallic. 
  22. Haha
    sixgun got a reaction from SidS in Silver Monitoring Thread £ (GBP) only.   
    You don't seem to like silver Roy. Are you argentophobic? That must be hate speech because only this morning i identified as being silver. This afternoon i am an attack helicopter. 
  23. Haha
    sixgun got a reaction from Bars in Silver Monitoring Thread £ (GBP) only.   
    Well sometimes i am bimetallic. 
  24. Haha
    sixgun got a reaction from silversky in Silver Monitoring Thread £ (GBP) only.   
    Well sometimes i am bimetallic. 
  25. Haha
    sixgun got a reaction from James32 in Silver Monitoring Thread £ (GBP) only.   
    Well sometimes i am bimetallic. 
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