Silver Monitoring Thread £ (GBP) only.

[Gruff]

1 minute ago, silversky said:

Exactly.  Once you realise that CO2 is not the cause of any variability in the planet's temperature (lots of physics Nobel laureates discuss and prove this in lectures but no one pays them the slightest bit of attention), a whole new understanding of why the madness is taking place is possible.  It was always about tax and about creating a new and expensive industry.  It's easy to get people to pay more if they think they're saving the world.  In reality though, they're just being milked.

Indeed! And also when you look at all climate models that are supportive of this narrative, they all amazingly ignore that small glowing balls of hydrogen and helium in the sky as well.
Also have a look online for loads of pictures of sea levels from 100 years ago and to today. Indiscernible difference. And a final thing to state, would people like Barak Obama being buying beach front for $12 million if there was a chance that his kids wouldn't be able to sell it at a profit in 20 or 30 years time. No chance, they are all about the $$ bills!

[silversky]

I see that Gold is trying hard in USD to break above that psychological 1900 level.  Could be another bounce back down on the cards but who knows.  If it pops then silver really should start to pick up a bit more interest.  On the Silver GDP chart, this rise looks rather corrective. But if gold leads the way through 1900, then that could all change.  It's certainly approaching the end of this long triangle.

[Gruff]

1 minute ago, silversky said:

I see that Gold is trying hard in USD to break above that psychological 1900 level.  Could be another bounce back down on the cards but who knows.  If it pops then silver really should start to pick up a bit more interest.  On the Silver GDP chart, this rise looks rather corrective. But if gold leads the way through 1900, then that could all change.  It's certainly approaching the end of this long triangle.

I've been watching this with growing interest too over the last week with gold looking like, and then breaking through the upper trend line. 
I agree that if gold goes, that could be the spring needed for silver.

[silversky]

1 minute ago, Gruff said:

I've been watching this with growing interest too over the last week with gold looking like, and then breaking through the upper trend line. 
I agree that if gold goes, that could be the spring needed for silver.

It's running out of room in the big triangle to decide which way it's going to break.  While interest rates are still so low, and inflation is clearly so high, I just can't see it breaking down.  I thought there might be a spike down briefly a few weeks ago, but it never materialised.  Maybe it won't!

[Martlet]

5 hours ago, silversky said:

... It will come.  It always does.  And it's NEVER "different this time".

It was different the last few times.  You may have noticed no proper property market correction for 30 years despite two recessions and a stock market crash.

[Minimalist]

14 minutes ago, Martlet said:

noticed no proper property market correction for 30 years despite two recessions and a stock market crash.

Whats your point? 

[GoldStandardPartyUK]

I think the point should be don't go all in on a doomsday scenario or any scenario

[sjhdesmond]

3 hours ago, Minimalist said:

 

Green energy requires specific resources in countries that coincide with the middle east, eastern europe and parts of africa.

Replace the word "green" in that statement with "fossil fuels" and the geography remains true, so it's kind of a moot point.

[silversky]

45 minutes ago, Martlet said:

It was different the last few times.  You may have noticed no proper property market correction for 30 years despite two recessions and a stock market crash.

I refer you back to my post about wee Gogs and his claim to have cured boom and bust.  That was a case of extreme hubris.  He most certainly was in the "it's different this time" camp.  ie. the "it can't happen because we've fixed it" brigade.

Of course it's different in terms of force and magnitude.  But that wasn't the point.  The point was that one will definitely come no matter what they try to do and that they come cyclically.  I believe it will come around the middle of this decade but I'm open to hear reasons why I might be wrong on the timing.

[Martlet]

4 hours ago, Minimalist said:

Agree. The English and Welsh will be more exposed than Scotland *if we get independence. Which in effect will hurt your currency.

What currency will the independant Scotland use?  Euro? Gold? Sturgeon CBDC? 

[Minimalist]

33 minutes ago, GoldStandardPartyUK said:

I think the point should be don't go all in on a doomsday scenario or any scenario

Its going to happen though, each crash is closer to the inevitable.

[Minimalist]

3 minutes ago, Martlet said:

What currency will the independant Scotland use?  Euro? Gold? Sturgeon CBDC? 

Pound Scot, had it since the 12th century.

[Martlet]

4 minutes ago, silversky said:

I refer you back to my post about wee Gogs and his claim to have cured boom and bust.  That was a case of extreme hubris.  He most certainly was in the "it's different this time" camp.  ie. the "it can't happen because we've fixed it" brigade.

Of course it's different in terms of force and magnitude.  But that wasn't the point.  The point was that one will definitely come no matter what they try to do and that they come cyclically.  I believe it will come around the middle of this decade but I'm open to hear reasons why I might be wrong on the timing.

Certainly agree about Brown.  However recent history does tell us things are different, for other reasons.  Better to come to terms with change rather than insist it must be how we think it should be. 

[Minimalist]

1 minute ago, Martlet said:

However recent history does tell us things are different, for other reasons.  Better to come to terms with change rather than insist it must be how we think it should be. 

You have echo'd this theme, but where? The leverage is beyond insane and its not tight.

[Martlet]

5 minutes ago, Minimalist said:

Pound Scot, had it since the 12th century.

Will that involve returning to 20 shillings to the £?  Hopefully using silver coinage, will help the silver price. 

Edited February 17, 2022 by Martlet

[Minimalist]

14 minutes ago, Martlet said:

Will that involve returning to 20 shillings to the £?  Hopefully using silver coinage, will help the silver price. 

It will be wishful thinking for us wanting some sort of honest monetary policy (tied to metals) - it should be since we produce more than consume. But from my knowledge, a currency group has been created and its pro-fiat. That Silver price will probably get hammered as per usual.

[SidS]

Technically we still have 20 shillings to the pound, only those shillings now say "five pence". Pounds and Shillings never really went anywhere, only the old pre-decimal penny got ditched in 1971.

[Paul]

Did anyone back the horse  SILVER MAPLE that won in USA earlier tonight, it won at 2/1  FAV

I just seen the result flash up 

[dicker]

Even silver managed to catch a break this morning. 18.50

[KevjustKev]

Selling my Queens Beasts now doesn't look too bad, or should I hold on til £47.23 an oz?

[James32]

Just broke £19 🤸‍♂️🤣

[CANV]

Silvers Ona tear but this time is not following it’s richer brothers platinum and palladium.   Maybe the peasents are finally buying into real money 

[Gruff]

1 hour ago, James32 said:

Just broke £19 🤸‍♂️🤣

You jinxed it! 

[Minimalist]

[Gruff]

41 minutes ago, Minimalist said:

And it's still below half of it's ATH