SilverPirate007

I’ve just received this stunning Vintage “KitKat” bar. Never seen anything like it before. If someone could enlighten me as to where it came from I’d greatly appreciate it! Possibly German? 

Before attempting an answer, I looked back at the thread to find what lay behind the question.
I used to read some of the newsletters cited, and still do very occasionally, but my conclusion was that most of the articles were written by people with a vested interest, trying to lobby the market their way, or hype people into buying.
The GoldSeek analysis of the Comex market is possibly sound, but I did not read it right through. Remember though that for every Comex long trade, there is a matching short trade.
Also, the Comex market is not a physical market, except that in theory, delivery can be made or taken. I have never looked at the stats, but I guess that 99.99% of Comex trades are paper trades (or electronic), not physical.
I cannot speak for other dealers in the physical market, but...
Our aim is to balance our book stocks as soon as possible, ideally to keep them all in balance. In practice, this rarely happens on an intra-day basis. Typically someone will sell us 100 Krugers, somebody else will buy 500 sovereigns. These two transactions nearly balance each other (100:400 would be closer), but usually leaves us trying to sell Krugers and buy sovereigns. The next day, the opposite may be true.
Being semantic, it also depends what you mean or understand by "are short". This could mean having a stock level of zero, or below a preferred threshold. It could mean having a negative stock (owing stock). While this can be a common occurrence, it usually only persists for relatively short period, possibly as short as a few minutes, possibly running into a few hours or days. (Three occurences of "short" in this paragraph, with two different meanings).
Anyone running a "short gold" position deliberately is really a speculator rather then a dealer. It is also quite difficult to be short in physical gold. Some gold mining companies are, or used to be, financed by a short gold position bcause their working capital was often borrowed against their future production, secured by the gold still in the ground waiting to be extracted.
If you read the post I made recently about "Liquidity", you will see that the only time our company was ever "short" was around the 2008 international crises, when we were short mainly of Krugerrands and sovereigns, but with a similar "long" position in kilo gold coins (66 of them), some bars, and also 100,000 ounces of silver, mainly in the form of kilo coins. This was our physical hedge, although even without them, our overall gold stock was always "long" or positive throughout the whole period.
I hope this helped.
 
 

Nothing major, but added another 1/8 ounce to the stack, In the form of a 5 peso coin.
 

And here is the design! 😀 A bit “busy” in my opinion. But I like it!

If in doubt, walk away!

i have wanted sovereigns from this year for a long time - now i have a double - thanks @ilovesilverireallydo

Then give me all your ‘counterfeit’ currency, I will make sure they are sorted out for you!

Then give me all your ‘counterfeit’ currency, I will make sure they are sorted out for you!

Then give me all your ‘counterfeit’ currency, I will make sure they are sorted out for you!

I seem to understand it as well, if not better than 99% of the 'financial system is going to collapse' types on here. I know to include it in a diversified portfolio that also includes stocks, property and cash. I simply do not buy into the theory that the financial system and currency that it uses is about to 'collapse'. Each to their own though, I do appreciate other peoples opinion although they are sometimes curious.

Added 0 minutes later... Haha, I thought so! So if not this decade, next decade?

Then give me all your ‘counterfeit’ currency, I will make sure they are sorted out for you!

you have never been able to redeem a £5 for
5 sovereigns because it's never existed that way.
sovereigns were taken out of circulation before
the modern £5 circulated. it's not you cannot do
it now, it was never an option. you're comparing
apples to oranges.
the old £1(sovereign) is a 240 pennies system
the new £1 is 100 new pennies.
they have the same name but are not part of the
same system.
it's like how you can't say a short ton is the same
weight as a long tonne. they are not, despite being
read the same.
 
HH

Haha I highly doubt this is the ‘end game’. I love these conspiracy theories. Corona virus will be over soon and the markets will rebound.

Of course but we all know inflation is ongoing and irrelevant 

@zhoutonged - you'll be amazed at the lack of awareness! 🙄 😵

Good question to ask the public, maybe ask people tomorrow when I'm in town, and bung it up on youtube. 

currency inflation is a requirement as economies grow.
ie a $1 billion economy requires the printing of at least
$1 billion in currency in order for it to flow.
as such you cannot use inflation as a proof of a collapse.
 
the gsr is becoming increasingly less relevant as silver
becomes less able to replace gold.
 
HH

So by 2029? 
FYI I just bought a 1/4 oz of gold with some silver

Of course but we all know inflation is ongoing and irrelevant 

Of course but we all know inflation is ongoing and irrelevant 

I think the whole gold being confiscated angle is overplayed.  Times have moved on significantly since the days of the gold standard when the average joe held some gold.
Now only a small % of the population hold any significant amount of gold and those holding the most control the system so why shoot yourself in the foot?
 
Far easier to call a bank holdiday then perform a haircut over a certain threshold, acceptible to the masses of sheep as its only the "rich" getting hit as done in Cyprus 2012/13.

ZIRP > NIRP > Game over.
A record $120 billion was injected into the REPO market just this morning.  They are injecting similar amounts every day.   But.. it'll be "over soon and the markets will rebound".  OK bro.  

Well, if i was in their place i would do the following:
1) Push all the cows into fiat liquidity, crashing gold, silver, all commodities, while the stock market will crash on their own..So with panic and everything going down people will look for refuge into fiat liquidity..
2)Once the majority of the people will be in the fiat trap (imagine if gold is crashed 50% how many will have sold it....) then they can go for a reset directly creating a new digital currency or indirectly by hyperinflation. This of course only after having confiscated the gold (few will complain of confiscation if the gold will be down much ).
Otherwise there is the risk that when a new currency will be done, or during hyperinflation, gold will be revaluated several multiples while people still hold it, and dont think they will allow people to have it in that case!

No one can predict the bottom my friend. Regular investing is the key.

Silver is a total no brainer at the moment. The only thing I wouldn’t buy right now is gold.