silversword

The only reason to be worried is if you are being forced to sell now, had planned to sell, or you actually produce/refine physical silver. For anyone looking to increase their holdings, falling prices are good. Just remember that this sort of thing can happen and don't go all-in on silver.

Maples are some of the cheapest ounces you can get, and if you're a stacker then they are a great way to accumulate low cost bullion coins. If you're the sort of person who is bothered by what form your metal takes, or what it looks like, then you won't be satisfied with them for long.

With the markets winding down, I'd be shocked if we saw any sudden large movements before the close, but then you never know with this game...

Not that long ago, I was pretty pleased to be buying in the low £12/oz range, so whether it's £10.95 or £11.05 I really couldn't care less; I feel it's a good price for the physical metal.

Seems I was right to hold fire earlier this week.

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I expect you'll be fine while you still have Sterling in your pockets...

Surprised to see so many of you quoting spot prices.

That might be the price you would get selling but perhaps we should be quoting buy prices and a good starting point is STG Maples or Phillies as amongst the cheapest but still significantly higher than spot. Many of you of course cannot stretch to a sizeable order with STG to offset the shipping etc. so maybe use another benchmark. For example, spot now is £11.46 and if you ordered 10 Maples from Atkinsons the price each is £17.52. Buying more of course is cheaper per unit but you would still pay £13.56 plus shipping from STG.

If you paid £14.50 right now as a very good landed cost it is still way above £11.46 so already you are out of pocket by £3 which is a big percentage to recover.

Of course spot price is a universal which is why it's quoted and tracked, but yes buy price is what is ultimately relevant. Trouble is that the buy price per ounce varies massively based on quantity, type, and/or dealer, so there is no constant.

It's also very true that percentage-wise, a big shift is necessary to turn any profits in the short term on retail purchases of silver bullion. That's why I like having some of my holdings as allocated, where I actually do pay spot or thereabouts, and a short term price move can be profitable. That is probably best discussed in another thread though as this one is about price monitoring.

if it gets to £11.15 ish it would be a 4 yr low

Everyone here except Pete would probably be quite happy with that.

It's a tough choice between 1999, 2005, or 2007. Maybe it's my age but 2001 just looks stuck in a time-warp, most of the others are ageless classics. 

I was reluctant to post because I was quite amused by sitting on 666 posts for a bit, however I'm quite excited because today I received a not only a 2006, but also a 2007 silver Britannia. Not much in the grand scheme of things but it does mean that I now have a complete run of BU Brits, 1998-2014 

Under €20 seems like a good deal. I have a feeling it is a good idea to buy some now if you have spare cash, because these have one of the smallest production runs of current silver bullion coins: no guarantee how long they will be available, especially if silver prices stay low.

Never wasted £12k on a car in my life. The most I've ever spent was £5k, One thing I don't do is waste money on something that I only use to get me from A to B. Never wash my car, (that's what rain is for), and only hoover it out, just before selling it on. Don't worry about dings, scratches, or dirty wheels, as I've always said, "when I'm sitting in the car I can't see the outside"

A nice car is a pleasure to drive and worth the extra money. And that is disgusting that you don't clean it, because it really doesn't take much to keep it looking tidy. A dirty car does not make a good first impression.

Pete definitely has a point, spot price is fun to guess and see if you are right, but I think trying to accurately predict it with a view to making short-to-medium term profit is best left to the main "players". For us, it's just nice if silver (or gold) price gets cheaper when we are buying and goes up when we are selling.

It gets tricky now, because I can find 05s and 07s, even if they are expensive, but haven't seen an 06 anywhere. 08 and 09 are more common and a bit cheaper. I feel the good Dr is likely to pip me at the post on this one.

Just need 1998 (on its way shortly), 2005, 2006, and 2007 and I'll be up to date. Am not going to get the 1997 proof unless someone accidentally sells for bullion price, and that's unlikely.

Silver price monitoring thread...

Discussion of StG could go in its own thread really

And to add (and back on topic), they will get an order from me at this rate, the prices have dropped a lot

HT beat me to it, but yes, at current prices even a small order from STG will beat Atkinsons. I'd previously calculated a minimum of 6-7, but for best value and without paying silly money, 10-15 coins makes much more sense. Also STG orders go via UPS and their tracking is better than Royal Mail

I like the design, especially on the larger coins, but the box of 6 is too bloody expensive frankly. I know a lot of work goes into the proofs, but the small coins just don't do anything for me; they add nothing to the set but bump up the price. Not surprised it hasn't sold out yet.

They havn't seen Keithoils stack then............LOL

The amount of slabbed stuff he buys, I would be better investing in plastics instead of silver.

Wow... just, wow. I'd expect some sort of correction/recovery for today's slide but even so that's a big dip.

Considering the amount of strife in the world right now, quite surprised to see precious metals generally dropping or staying steady today. Earlier in the year if anything so much as looked like kicking off, everything shot up. Now, nobody cares.

Can't help but feel my Britannia is somewhat overshadowed by HH's one.

Can't help but be a bit envious if you have a date run of them, they are all really nice (not like the Koala which has a few ugly ones). I quite like writing about the coins as I am learning about them at the same time. Only downside is it makes me want to go out and buy everything.