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SilverPirate007

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  • Posts

    896
  • Joined

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    United Kingdom

Posts posted by SilverPirate007

  1. 15 minutes ago, Stu said:

    Gold may "plummet" from here, but only in a paper price, if it hit $1500 you could not get it for that in metal (physical)  My advice is to stack to a level where you have a core stack. I have fortunately reached this level , and anything else is iceing on the cake.

    incidently, don't  ask me the quantaties I stack. Suffice to say the ratios are gold:silver: platinum = 1:50:  0.1 Good luck

    How much gold is in your stack??

    i have 2 oz roughly. I do have around 500oz of silver though 

  2. 1 minute ago, Stu said:

    He was being exuberant / sarcastic I think? Unless they reset fiat, gold is never going to be 400 in £ nor $ even.

    Yes I suspect as much. I am being careful though buying small amounts of gold in case it plummets.

  3. 5 minutes ago, KDave said:

    $400, give it time... :D

    I reckon we see $1350 again before this thing turns around, no lower than that and it won't be straight down. 12 months to 18 months from now we should all have much more gold and silver ready for the inflation driven moonshot of the 2020's. 

    Do you think that will happen? Why now rather than at any time in the last 20 years. Don’t get me wrong I would love to see it.

  4. 6 minutes ago, WhySoSerious said:

    I don't know about you guys'n gals, but I'm always struggling with the silver price: wishing it to go down (so that one could stack some more), but at the same time, hoping it would moonshot up (so that one could justify stacking up to this point)?

    Never good. Never.

    Sorry about the offtopic.

    Haha for sure! I’m still relatively new to stacking so I really want low low prices. I think by September we will see ASEs for 15 pound again 🤞.

  5. 1 minute ago, Russell said:

    The spot price is moving that is what I am referring to.  I just posted on the deals thread that I bought a 1kg casting bar of silver from Baird in London 3 weeks ago for a total including VAT and delivery for £496.  This morning I did a fake buy for the same bar and it is now £530.  Same with junk silver pre 1947 are 0.5 % silver if spot moves up to twice its posiiton now then it is all relative 🙂

    Sure I was lucky to get a few kg from bairds at the sub 500 price. My wife thinks I’m nuts as I have converted around half my cash to silver and gold.

  6. 3 minutes ago, Russell said:

    Too early to say if it is crazy pricing.  If gold goes to $3000 an ounce as Bank of America forcast the other day and some think that is a very conservative prediction and it could go to the moon!  Silver which is already very undervalued running at 123:1 gold to silver ratio could be $50 dollars an ounce in no time and past $100 per ounce in the medium term.  If these predictions from smarter people than I come true and the stackers like me believe it or at least are willing to take a punt on that analysis then these "crazy prices" become a wise and rewarding investment. 

    My views are not advice to anyone and I am just another fool trying to make his way in the world.  I know nothing more than anyone else just trying to make the best of information and educate myself in economics and silve stacking 🙂

    I would love to see it but my point is that junk silver tends to go for spot not multiples of spot.

  7. 2 minutes ago, Dean100 said:

    Thanks, how do you store your  pre 1947 coins?

    The smaller ones in some little tubes another member sent me. I then segregate the florins, half dollars etc into piles and put them in zip lock bags. All stored in my air tight safe.

    nicer ones I put into coin capsules

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