Silver Monitoring Thread £ (GBP) only.

[craig12]

we cant have them stacker boys  getting more money  than $20  .really is a massive rigged game  

[Robda1986]

2 hours ago, Colnago said:

Stupid question time... if Silver shoots up in price, say to £50oz.. Who is gonna buy your stack at that price?

People will pay it if it hit 50 per oz and I doubt they wouldn't think twice 

[Robda1986]

Looking at the charts it's not quite as impressive as it looks looks like the dump in early January has just swung back

[Rll1288]

3 minutes ago, Robda1986 said:

Looking at the charts it's not quite as impressive as it looks looks like the dump in early January has just swung back

That's a good thing... means we are potentially building a base in which to move higher on

[Bluegeo]

Hi All. I'm a novice re Silver and purchased a few 2021 Britannia's recently via Atkinson's as they seemed to have a decent price compared with others. Can anyone offer any tips of where the best dealer is for these type of purchases? Thanks.

[Mike1976]

11 minutes ago, Bluegeo said:

Hi All. I'm a novice re Silver and purchased a few 2021 Britannia's recently via Atkinson's as they seemed to have a decent price compared with others. Can anyone offer any tips of where the best dealer is for these type of purchases? Thanks.

As a fellow novice my advice is pay the monthly forum membership fee and you get to see the sales posts on here 3 days earlier than non paying members.
The best deals are on the sales pages here. 

[Patyq]

On 29/01/2021 at 11:23, Colnago said:

Stupid question time... if Silver shoots up in price, say to £50oz.. Who is gonna buy your stack at that price?

There were people paying $19k for bitcoin 2 yrs ago, there are people paying $35k for bitcoin now.

There were people giving up kingdoms for tulips

There were dozens of speculative bubles in history and scheme is always the same.

Greed blinds people. When frenzy starts nothing can stop them, they wont lesson.

So... Yes, you will sell it for £50.

I would say the more it will cost, the easier you will sell it. Once inflow of speculators start. Scheme is always the same "I must buy now, because tomorrow it will cost twice that"

[goldmember44]

£50 is nothing, really. I expect it to go higher than £100 in not so long a time. 

[Paul]

3 minutes ago, Patyq said:

There were people paying $19k for bitcoin 2 yrs ago, there are people paying $35k for bitcoin now.

There were people giving up kingdoms for tulips

There were dozens of speculative bubles in history and scheme is always the same.

Greed blinds people. When frenzy starts nothing can stop them, they wont lesson.

So... Yes, you will sell it for £50.

I would say the more it will cost, the easier you will sell it. Once inflow of speculators start. Scheme is always the same "I must buy now, because tomorrow it will cost twice that"

this was exactly the case in 2011 when silver hit its all times highs.  No worries about buying, as next stop was £75oz then £100oz

Yet just this past year, when SLV was £10.**oz were we re-mortgaging the house and sells our clothes for it ? nope.

just usual general moans and despondency about "manipulation"   "this always happens"   "when is this gonna change?"   "we cant buy physical at £10oz ? "

The behaviour of joe public investor is the mirror opposite of how we should act but dont 

[Patyq]

4 minutes ago, goldmember44 said:

£50 is nothing, really. I expect it to go higher than £100 in not so long a time. 

Im thinking the same.

After seing bitcoin mania, nothing will surprise me.

When people loose their mind, fixed on getting rich, getting blinded by vision of massive gains... Its impossible to predict when it stops.

Bitcoin doesnt even exist. Bits of data somewhere, and yet people are paying $40k for it.

Someome calculated that bitcoin mania dwarfed tulip mania from 300yrs ago - regarded as biggest speculative mania in our history.

Soo.. Im just grabbing popcorn and wait.

[Robda1986]

1 minute ago, Patyq said:

Im thinking the same.

After seing bitcoin mania, nothing will surprise me.

When people loose their mind, fixed on getting rich, getting blinded by vision of massive gains... Its impossible to predict when it stops.

Bitcoin doesnt even exist. Bits of data somewhere, and yet people are paying $40k for it.

Someome calculated that bitcoin mania dwarfed tulip mania from 300yrs ago - regarded as biggest speculative mania in our history.

Soo.. Im just grabbing popcorn and wait

Long as its sweet never been a fan of salted popcorn 

[Patyq]

Btw "Extraordinary Popular Delusions and the Madness of Crowds" by Charles MacKay.

Must read.

The book is 200yrs old, but shows that nothing changed in human nature for 200yrs.

Greed blinds people.

[Darr3nG]

8 minutes ago, Patyq said:

"Extraordinary Popular Delusions and the Madness of Crowds" by Charles MacKay.

 

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."

[BackyardBullion]

So, I do not think we will see astronomical silver prices any time soon. 

First of all the GME situation is not resolved and "they" (the WSB'ers) will still be going on this before anything else. 

I personally do not think the infinite squeeze will come from GME so a lot of people will lose a lot of money and then not have any to push up silver too. 

Just my opinions. 

As for the dealers that are saying they are swamped, never take that on face value because it is in their interest to say they are swamped and create hysteria. 

This whole subject is about market manipulation and dealers/big YouTube channels with affiliate links to silver sellers will be pumping and pumping to their hearts content. 

What I honestly think will happen is silver will get to $30 this week, premiums on physical will increase massively too. Nothing more than we saw earlier last year. 

[Ryan]

I just came across an SLV futures contract that trades out of hours. Don't know much about it yet, but looks like quite a move today. Hitting $30! Screen shot attached. 

[goldmember44]

Bullion By Post stopped all silver buying until Monday. Gold still open. 

[Mike1976]

23 minutes ago, BackyardBullion said:

So, I do not think we will see astronomical silver prices any time soon. 

First of all the GME situation is not resolved and "they" (the WSB'ers) will still be going on this before anything else. 

I personally do not think the infinite squeeze will come from GME so a lot of people will lose a lot of money and then not have any to push up silver too. 

Just my opinions. 

As for the dealers that are saying they are swamped, never take that on face value because it is in their interest to say they are swamped and create hysteria. 

This whole subject is about market manipulation and dealers/big YouTube channels with affiliate links to silver sellers will be pumping and pumping to their hearts content. 

What I honestly think will happen is silver will get to $30 this week, premiums on physical will increase massively too. Nothing more than we saw earlier last year. 

This is my thinking exactly. The price will undoubtedly rise because of the hype being created. I can see the price hit the 2011 price of around £30 ounce but just like then it will come down again. By 2015 Silver was around £9 ounce. 

[Calzehbhoy]

Silver is -10% since the 1980's. Everything else that is a 'commodity' is up 200%-300% (including gold)

 

Silver should rise considerably, it's almost criminal that it hasn't.

[Robda1986]

30 usd only = 21.89 at current exchange rates 

[matt1r]

Quite amusing everyone’s panicking and paying over the odds, it may go up but it will come back down. 😄😉

[BackyardBullion]

1 minute ago, matt1r said:

Quite amusing everyone’s panicking and paying over the odds, it may go up but it will come back down. 😄😉

Dead right.

FOMO is in full swing.

[fehk2001]

6 minutes ago, matt1r said:

Quite amusing everyone’s panicking and paying over the odds, it may go up but it will come back down. 😄😉

The question is back down to where ...... back down to 1980 prices ? 

Edited January 31, 2021 by fehk2001

[Stacktastic]

8 minutes ago, BackyardBullion said:

Dead right.

FOMO is in full swing.

Great time to sell physical, got all mine out today for a photo session.  

Im hoping that this creates more interest in PM's & the benefit they can bring. 
and especially get more people to realise that their financial systems are rigged - not in their favour. 
If that happens then gold should rightfully go up, especially if the dollar swings down. 

Edited January 31, 2021 by Stacktastic

[matt1r]

Just now, fehk2001 said:

The problem is back down to where ...... back down to 1980 prices ? 

I wish I knew and it’s all opinions but I can see it bottoming out like it did last march before rising considerably again. Fomo like byb said.

[Paul]

8 minutes ago, BackyardBullion said:

Dead right.

FOMO is in full swing.

happened before and it will happen again.

this sort of eagerness should have been when it was £10.** back in March