Silver Monitoring Thread £ (GBP) only.

[Keithoil]

I did a similar thing with shares, it was just after the Libor scandal surfaced I thought they would plummet, the didn't and I could have bought at around 39p, instead I hung on and on and bought in the end at 48p.

 

As it happens I am quids in for the time being

 

Shit happens!!!

Edited July 30, 2014 by Keithoil

[HighlandTiger]

I've been playing around with an inflation calculator. 

 

http://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html

 

In July 1974. 40 years ago , Silver was sitting at £2.08 an oz. Today that figure with inflation would be about £19. With Silver at just over £12 an oz it is remarkably cheap now compared to 40 years ago

 

July 84 it was £5.53, today that would be £15.53

 

July 94 it was £3.45, today it would be £5.99

 

July 2004 it was £3.35 today it would be £4.49

 

 

If only I was stacking 10 years ago. .........Silver is almost three times more expensive today than it was 10 years ago. 

 

If you were a long term stacker of say thirty or forty years worth of stacking, you'd have been better sticking your money under a matress. On the other hand if you started 10-20 years ago, you'd be sitting on a fortune, (providing you didn't buy at the silly heights of 2013)

Edited July 30, 2014 by Highland Tiger

[HighlandTiger]

Done some more calculations with a compound interest calculator assuming you bought 1 oz in 1974, 1984, 1994 and 2004, and managed to sell it at todays price of say £12.20 

 

Cost 1974 =  £2.08. APR to reach £12.20 in 40 years would be 4.52%

 

Cost 1984 =  £5.53. APR to reach £12.20 in 30 years would be 2.67%

 

Cost 1994 =  £3.45. APR to reach £12.20 in 20 years would be 6.52%

 

Cost 2004 =  £3.35. APR to reach £12.20 in 10 years would be 13.8%

 

Cost 2014 = £12.20 If APR was 13.8% then in 2024 Silver would need to be £44.44 to match the last 10 years growth. 

Edited July 30, 2014 by Highland Tiger

[Keithoil]

@HT

 

I like the look of those numbers.

 

Time will tell!!!

 

I might make 44 one of my lottery numbers

Edited July 31, 2014 by Keithoil

[simon13]

Pulled the trigger. 50 2014 maples

[Danny-boy]

I totally understand this... but it is now a matter of principal.

I like your style Simon.

[Keithoil]

Nice one...

[craig12]

see saw majorie daw 

[simon13]

... and it drops. lol.

[silversword]

End of the month, and all that.

[craig12]

simon youre a much braver man than me buying in a small rally , but youre sure to make loads if your holding for long term , I myself cant bring myself to buy over £11.30 or so now as I can sometimes get coins from a fellow stacker ,

[craig12]

will pm,s be higher or lower this morning ,  Americas dow take a big hit overnight  all this years gains wiped out

[garthy]

With so much bad economic news this morning I would've thought both gold and silver would be higher this morning.

[Danny-boy]

With so much bad economic news this morning I would've thought both gold and silver would be higher this morning.

I thought something would have happened!!!

[HighlandTiger]

I thought something would have happened!!!

 

It did....Silver went down 

[Danny-boy]

It did....Silver went down

I guess that's what 11 hours of hindsight gives you [emoji12]

[simon13]

Only would have saved a few pounds if i'd held on for 24hours. No biggie.

[Keithoil]

I was waiting to place an order when it was up at £12.54, I waited and ordered at £12.32 ish, but it then continued to drop to £12.10.

 

But as you say it was around £10-15 so the price of a coin not to worry.

[craig12]

  no live prices on silver and gold ,on bullion by post on their daily charts,  although their graph line only goes up to sunday lunchtime   spot price at top corner of site seems to be correct though

Edited August 4, 2014 by craig12

[silversword]

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.

[craig12]

through to £11.99 again 

[craig12]

whats happening  soon be £11.75

[Fluttershy]

hehe, I actually bought my 1st Kilo at £11.75 and I`m getting an itchy trigger finger again, but i think it`ll go lower, and if it hits 11:50 I think I`ll buy some more, pref before the 14`th aug when the fix ends (alegedly)

[silversword]

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

[craig12]

don't panic mr Mannering  £11.71   pyke don't tell him pyke