Silver Monitoring Thread £ (GBP) only.

[SidS]

I've got about a Kilo of pure tin some where.

I just wish I'd kept my lump of nickel.

[silversky]

How much nickel is in that steel coinage we've got these days?  Wondering if that'll go the way of the old 1's and 2's that were ¬90% copper (worth more than the face value on the coin)

[HerefordBullyun]

1 hour ago, Gruff said:

I think there is a lot more at play now. The global markets are in the toilet to say the least. There is liquidity issues in the banks more so than a year ago, stock markets I think from memory were lower than they are today, but the trend line was up. Whereas most market are on the verge or technically in a bear market after shedding 15-20% from their highs. And then there is the whole globalisation or retreat from that to a more locally focused supply chain to ensure survival.
I think the dam wall has too many leaks in it to fix at this point. I think when this breaks the markets will shutdown and no one will know the price for a good long time. It we look back tot he tin crisis of 2015, tin was suspended from the LME for 4 years. Imagine silver and gold being suspended on the Crimex for that long.  Every country in the world would probably resemble some 80s African third world country. 

I know that sounds overly downcast and negative, but I'd rather prepare for this and end up with a better result

Agreed wait till margin calls hit silver and gold then its off to races!

[Spark268]

silver to the moon !

 

isn't nickel a by product of silver mining, or am i mistaken?

[HerefordBullyun]

14 minutes ago, Spark268 said:

silver to the moon !

 

isn't nickel a by product of silver mining, or am i mistaken?

You tend to get a mix of metals when silver is mined. some cobalt, nickel, lithium even bauxite. Depends on the geology of the mine and land.

[sjhdesmond]

1 hour ago, HerefordBullyun said:

Ive no choice Bulls dont produce milk!

You can get milk out of a bull but they only have one teet to squeeze.

[Spark268]

interesting, thx.

 

the higher price of the 'by-products' sould help offset the higher energy cost of extracting & purifying silver.

[James32]

1 minute ago, sjhdesmond said:

You can get milk out of a bull but they only have one teet to squeeze.

More than one is confusing 😕 

[HerefordBullyun]

2 minutes ago, sjhdesmond said:

You can get milk out of a bull but they only have one teet to squeeze.

Only ladies can pull my teet!

[Gruff]

1 minute ago, Spark268 said:

interesting, thx.

 

the higher price of the 'by-products' sould help offset the higher energy cost of extracting & purifying silver.

There are very few pure silver miners left. Most silver mined nowadays is as a by-product of other metals mining. So perhaps not

[Spark268]

3 minutes ago, Gruff said:

There are very few pure silver miners left. Most silver mined nowadays is as a by-product of other metals mining. So perhaps not

hence the usage of quotes around by-products in my original post

[silversky]

45 minutes ago, Spark268 said:

interesting, thx.

 

the higher price of the 'by-products' sould help offset the higher energy cost of extracting & purifying silver.

It's actually often the other way round.  The silver is a bonus from mining the base metals.  When base metal mining becomes too expensive due to energy costs, the silver supply is affected as well.

Currently scrap cars are over £400 for the crusher.  This indicates that iron supply is under pressure.

[Spark268]

19 minutes ago, silversky said:

It's actually often the other way round.  The silver is a bonus from mining the base metals.  When base metal mining becomes too expensive due to energy costs, the silver supply is affected as well.

Currently scrap cars are over £400 for the crusher.  This indicates that iron supply is under pressure.

hence the usage of quotes around by-products in my original post

[Gruff]

Public notice on BullionVaults website of Gold and Silver withdrawal from their Zurich vault.

Gold - 7 400Oz bars or for a total of 2,799.745 ounces.
Silver - 128 1000Oz bars or for a total of 123,455.409 ounces. A little shy of 3.9 tons

That's the biggest withdrawal I've seen from them from any of their vaults over the last few years. 

Not sure what to make of this fully but it sure is interesting that at a time of extremes as we are seeing, there is a large withdrawal.

 

[Rains]

3 minutes ago, Gruff said:

Public notice on BullionVaults website of Gold and Silver withdrawal from their Zurich vault.

Gold - 7 400Oz bars or for a total of 2,799.745 ounces.
Silver - 128 1000Oz bars or for a total of 123,455.409 ounces. A little shy of 3.9 tons

That's the biggest withdrawal I've seen from them from any of their vaults over the last few years. 

Not sure what to make of this fully but it sure is interesting that at a time of extremes as we are seeing, there is a large withdrawal.

 

So this is clients actually Pulling physical Metals out of vaults interesting 

[Gruff]

Just now, Rains said:

So this is clients actually Pulling physical Metals out of vaults interesting 

Indeed. Is it the old adage "if you don't hold it you don't own it"?
As we've recently seen Switzerland has recently become impartial after breaking it silence over the Ukraine. I wonder if that has got some people rattled and worried about the security of their PMs? Would be interesting to see if there is other capital flight out of Switzerland as well

[silversky]

8 minutes ago, Gruff said:

Indeed. Is it the old adage "if you don't hold it you don't own it"?
 

My favourite silver round has that written on the treasure chest!  Welcome to silverbug island.  Complete with an "X marks the spot" and a boating accident as well 

 

 

[Gruff]

55 minutes ago, silversky said:

My favourite silver round has that written on the treasure chest!  Welcome to silverbug island.  Complete with an "X marks the spot" and a boating accident as well 

 

 

Very nice!!

[Paul]

2 hours ago, silversky said:

My favourite silver round has that written on the treasure chest!  Welcome to silverbug island.  Complete with an "X marks the spot" and a boating accident as well 

 

 

I lost my x10 silverbug island monsters boxes in a boating accident  

[VelociteeSteel]

4 hours ago, silversky said:

My favourite silver round has that written on the treasure chest!  Welcome to silverbug island.  Complete with an "X marks the spot" and a boating accident as well 

 

 

Lovely coin that, i've got the proof version, it's absolutely stunning. Love a Nautical themed coin me...

[Minimalist]

Im fully convinced that the banks would still short dump Silver if nukes went off, deadly serious.

[Robda1986]

I'm guessing it's Russian investors trying to hold on to their investments explains the removal of tax on pms in Russia and their doing the same with their yachts as their off shore accounts are getting seized 

[silversky]

4 hours ago, VelociteeSteel said:

Lovely coin that, i've got the proof version, it's absolutely stunning. Love a Nautical themed coin me...

Yeah I've got a couple of the Proof version as well.  Really nice coin.  The Kraken one from 2016 is great as well.  My lad's always excited to see "silverbug island" when I dig out the treasure as a treat.  It puts a grin on the face.

[VelociteeSteel]

10 hours ago, silversky said:

Yeah I've got a couple of the Proof version as well.  Really nice coin.  The Kraken one from 2016 is great as well.  My lad's always excited to see "silverbug island" when I dig out the treasure as a treat.  It puts a grin on the face.

Have you got the Rwanda nautical series? I've the first 4, all have stunning designs but then i do like a nautical themed coin.

 

[silversky]

2 hours ago, VelociteeSteel said:

Have you got the Rwanda nautical series? I've the first 4, all have stunning designs but then i do like a nautical themed coin.

 

Yeah they're very nice.  I've got the three Santa Maria coins from that series.