Silver Monitoring Thread £ (GBP) only.

[Gruff]

3 minutes ago, treetop1280 said:

Not sure about that @Gruff , you digging for silver again in South Africa ???? Where is your safety helmet , and high visibility vest ???? 

No mate, I'm looking for the mains power line (32 KVa) that was buried in the back garden.

[Gordy]

12 minutes ago, treetop1280 said:

Not sure about that @Gruff , you digging for silver again in South Africa ???? Where is your safety helmet , and high visibility vest ???? 

Not to mention the distinct lack of safety boots

[gji25]

£23.81   back to the dark ages

[Thelonerangershorse]

2 minutes ago, gji25 said:

£23.81   back to the dark ages

Still not dropping as fast as gold though.

[bobski]

Live Silver Price UK in GBP per Ounce

Ag

Current Price

£23.72

Live Change

-0.06% £-0.01

Live high £23.74

 

Live low £23.72

[wilky1]

6 hours ago, Gruff said:

 

100%, a trade is what will keep the planet moving, none of this BA or BS degrees that are so niche you can't find a job in our solar system, only on Planet Zog in the Andromeda Galaxy. 

When I was at school, the narrative was very much, trades are for the dumb people... 

Gas engineer, plumber apprenticeship then worked with the future father inlaw building and ended up pretty much doing all trades except sparks, but you try and get a kid that's just left school to listen let along learn anything.....they just don't have the skills to do so its all an inbuilt entitlement mentality. 

Only ones who want to do well are immigrants who will do 12hrs work in 8hrs.

[HonestMoneyGoldSilver]

10 minutes ago, wilky1 said:

Gas engineer, plumber apprenticeship then worked with the future father inlaw building and ended up pretty much doing all trades except sparks, but you try and get a kid that's just left school to listen let along learn anything.....they just don't have the skills to do so its all an inbuilt entitlement mentality. 

Only ones who want to do well are immigrants who will do 12hrs work in 8hrs.

I'm not sure many of us know what we want to do at 18

If all of their friends are going to university to drink, take drugs and fornicate study for 4 years with loans, overdrafts, credit cards and the bank of mum and dad, then they are going to do it too. We have been indoctrinated that if you don't go to university you are wasting your life. Back in the 70s about 5% of people went to university and they were in high demand for professional jobs when they graduated. Today it's closer to 67% who go to uni and nobody wants to give them a job when they graduate, especially not if they have degrees in David Beckham Studies or Queer Musicology (these are real UK degrees btw)

What they should do is take those loans, ditch the classes and go buy silver 😁

To keep us remotely on track, we're flirting with $30 right now (£23.75) which is no bueno. Let's hope we close the week above $30 to book that back-to-back. Losing $30 isn't the end of the world but if it starts to edge towards $29, it would give off serious bearish signals

[Agaupl]

My physics degree was very useful tbh.. but my MA in Queer musicology secured me my public sector job 100%🤣

[bobski]

Current Price

£23.92

Live Change

0.06% £+0.01

Live high £23.92

 

Live low £23.91

[GoldDiggerDave]

Please don't hate me for this.    

Data sets from the BOE, please fact check this yourself.

The average interest rate for the last 50 years is an average of 9.1% 

silver at spot was around £1.80 per oz 50 years ago, so £100 would by circa 55oz silver excluding vat and other costs I'll exclude them to give silver the best possible outcome.

£100 in the bank with an average of 9.1% yearly return for 50 years returns £9,302.19 

£100 of silver 55oz in 1974 is worth £1,317.25p today.  

Lest give this rocket launch another 50 year to be fair to silver.  

100 years of £100 at 9.1 % is now £865,306.86 pounds 

so you need that 55oz of silver bought in 1974 to be worth £15,732.80 per oz by 2074   to just keep up with cash in the bank never mind to be a hedge against inflation that it clearly isn't.  

Please, please don't hate me for this, I'm not a silver hater  just a hater of total BS that some people come out with, don't take this for fact do your own homework but please remember FACT is FACT and opinion and feelings are just that.  

 

[theman73]

8 minutes ago, GoldDiggerDave said:

I'm not a silver hater

You are

8 minutes ago, GoldDiggerDave said:

Data sets from the BOE, please fact check this yourself.

The average interest rate for the last 50 years is an average of 9.1% 

Gold at spot was around £64.53 per oz 50 years ago, so £100 would by circa 1.54oz gold excluding vat and other costs I'll exclude them to give gold the best possible outcome.

£100 in the bank with an average of 9.1% yearly return for 50 years returns £9,302.19 

£100 of gold 1.54oz in 1974 is worth £2833.6p today.  

I corrected the above for you, feel free to calculate for the next 50 years

[ZRPMs]

Your all wrong It's been proven time and time again.  Is where the smart money is and has been.

[9x883]

Just now, ZRPMs said:

Your all wrong It's been proven time and time again.  Is where the smart money is and has been.

@Midasfrog made it on a Cadbury bar, well I never😮

[theman73]

2 minutes ago, ZRPMs said:

Your all wrong It's been proven time and time again.  Is where the smart money is and has been.

Probably you are right, again

[James32]

This could get interesting..

[Thelonerangershorse]

1 minute ago, James32 said:

This could get interesting..

But if one of them is honey monster, we could be here a while.

 

Edited May 24 by Thelonerangershorse

[GoldDiggerDave]

Just now, theman73 said:

You are

I corrected the above for you, feel free to calculate for the next 50 years

No mate I’m not, I’m all for a free and fair exchange of information I genuinely promote critical thinking, too many people are going along with the crowd repeating the same old mantra, “it’s a hedge against inflation” “it’s a great store of wealth”

I understand you have to take a defensive position as you sell the stuff to these people.

using FACT and math please can you demonstrate silver being a hedge against inflation over the last 50 years, this should be very easy for you to do working in the silver market. 
 

and just to FACT check you I’m not against silver just the utter BS bad financial advice people come out with.  
 

not trying to convince anyone, I want people to look, learn and most importantly think for themselves. 

 

 

[Zhorro]

23 minutes ago, GoldDiggerDave said:

 

The average interest rate for the last 50 years is an average of 9.1% ...

£100 in the bank with an average of 9.1% yearly return for 50 years returns £9,302.19 ...

 

Just because banks may have been CHARGING an average 9.1% interest, I'm sure it does not mean that savers were paid that on their deposits.  For the past 15years savers have been lucky to get more than 1 or 2 percent.

[m3rlin]

by the time @GoldDiggerDave and @theman73 arrive to a consensus the guys from main street and wall street sold and bought paper contracts on gold, silver and other commodities worth billions at face value, and made them profit and losses worth millions.

and i think £100 with an yearly ROI of 9.1% for 50 years it's  £7,784.62 and not £9302. And i think this is what bank charged for loans and not paying you for saving.

 

[neilthenurse]

32 minutes ago, GoldDiggerDave said:

Please don't hate me for this.    

Data sets from the BOE, please fact check this yourself.

The average interest rate for the last 50 years is an average of 9.1% 

silver at spot was around £1.80 per oz 50 years ago, so £100 would by circa 55oz silver excluding vat and other costs I'll exclude them to give silver the best possible outcome.

£100 in the bank with an average of 9.1% yearly return for 50 years returns £9,302.19 

£100 of silver 55oz in 1974 is worth £1,317.25p today.  

Lest give this rocket launch another 50 year to be fair to silver.  

100 years of £100 at 9.1 % is now £865,306.86 pounds 

so you need that 55oz of silver bought in 1974 to be worth £15,732.80 per oz by 2074   to just keep up with cash in the bank never mind to be a hedge against inflation that it clearly isn't.  

Please, please don't hate me for this, I'm not a silver hater  just a hater of total BS that some people come out with, don't take this for fact do your own homework but please remember FACT is FACT and opinion and feelings are just that.  

 

Who's getting 9.1% interest on their bank deposit? 😲

[James32]

Just now, neilthenurse said:

Who's getting 9.1% interest on their bank deposit? 😲

We thought you were? 

[GoldDiggerDave]

1 minute ago, m3rlin said:

by the time @GoldDiggerDave and @theman73 arrive to a consensus the guys from main street and wall street sold and bought paper contracts on gold, silver and other commodities worth billions at face value, and made them profit and losses worth millions.

and i think £100 with an yearly ROI of 9.1% for 50 years it's  £7,784.62 and not £9302. And i think this is what bank charged for loans and not paying you for saving.

 

Thank god it’s got someone else looking at this. 
 

what did you come up with for £100 worth of silver bought 50 years ago? 

[Thelonerangershorse]

5 minutes ago, GoldDiggerDave said:

what did you come up with for £100 worth of silver bought 50 years ago? 

6 spoons and a teapot probably.

[theman73]

11 minutes ago, GoldDiggerDave said:

No mate I’m not, I’m all for a free and fair exchange of information I genuinely promote critical thinking, too many people are going along with the crowd repeating the same old mantra, “it’s a hedge against inflation” “it’s a great store of wealth”

I understand you have to take a defensive position as you sell the stuff to these people.

using FACT and math please can you demonstrate silver being a hedge against inflation over the last 50 years, this should be very easy for you to do working in the silver market. 
 

and just to FACT check you I’m not against silver just the utter BS bad financial advice people come out with.  
 

not trying to convince anyone, I want people to look, learn and most importantly think for themselves. 

 

 

I have never been to the gold thread saying that graded gold coins are almost worthless compared with normal bullion.

I'm not in a defensive position, after all, people decide what to do with their money and to be clear - Lego is a much better investment than any metals!!!

And, I never saw a silver pusher around but I saw some gold pushers, the biggest one didn't write anymore on the forum after I pointed that out.

I think the fact that people make a profit on silver hurt a little bit the ego of gold stackers, anyway, outside is sunny...

[neilthenurse]

1 minute ago, theman73 said:

I have never been to the gold thread saying that graded gold coins are almost worthless compared with normal bullion.

I'm not in a defensive position, after all, people decide what to do with their money and to be clear - Lego is a much better investment than any metals!!!

And, I never saw a silver pusher around but I saw some gold pushers, the biggest one didn't write anymore on the forum after I pointed that out.

I think the fact that people make a profit on silver hurt a little bit the ego of gold stackers, anyway, outside is sunny...

You are absolutely right.

LEGO surpasses all PMs. Just check out 10194 - Emerald Night.