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Silver Monitoring Thread £ (GBP) only.


Message added by ChrisSilver

To discuss price action in USD instead, please see here: https://thesilverforum.com/topic/19861-silver-monitoring-thread-usd-only/

 

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4 minutes ago, FlorinCollector said:

@LukeStacker I don't think if you look at the Silver charts there is any showing that it protects your wealth. Good luck but none of us know what will happen in the end. We all have view points.

Absolutely, we don't really know what's going to happen. I think that's why I buy and sell some of it, to help pay for the bits I keep. Also, it's a lot of fun and I love learning about history through the coins. 

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I think 2022 will be silver's year.

I expect it will rise to £17.31, maybe £17.33.

It's gonna be huge!

:P

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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15 minutes ago, Paul said:

No a good start to the new year, down nearly -£1 oz in four days :(   

But up £5 an ounce from April 2020…

If we just look at days and weeks then it will yo yo up and down. I think we are all hoping for that big jump! What do people say…”To the moon…” 😂

Possibly a good time to buy though…who knows! 

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Just now, lst65 said:

But up £5 an ounce from April 2020…

If we just look at days and weeks then it will yo yo up and down. I think we are all hoping for that big jump! What do people say…”To the moon…” 😂

Possibly a good time to buy though…who knows! 

just wake me up when its £50+oz - ive only been waiting since 2010 :( 

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1 minute ago, lst65 said:

But up £5 an ounce from April 2020…

If we just look at days and weeks then it will yo yo up and down. I think we are all hoping for that big jump! What do people say…”To the moon…” 😂

Possibly a good time to buy though…who knows! 

Wait for a spike down.  If you look at gold, it's tracing out an a b c corrective wave down from the high back in November.  We are in wave c which is often the same length as wave a.  It may therefore trace out the same length of down move which would bring it down to the 1300 area on a spike low.  Silver will copy direction in my opinion.  Once gold hits that 1300 area low I expect a sharp rebound which will be felt in silver shortly thereafter.  That would be the time to lock in some silver because of a good chance in gold's change of direction.  Rising interest rates might put a crimp on that plan of course but it's hard to see them ever raising them to anything like a real rate of interest above inflation which is what matters.

New profile pic to support the current thing, because it's current year.

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Just now, Impreg said:

Dont know if this has been asked before - is spot prices inc or exc vat in UK?

 

Excluded.....you have spot which is currently £16.95 + vat = £20.34.....the rest is dealers/mints premium. 

Hence cheaper buying on here.

I like to buy the pre-dip dip

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On 12/01/2022 at 19:22, James32 said:

Excluded.....you have spot which is currently £16.95 + vat = £20.34.....the rest is dealers/mints premium. 

Hence cheaper buying on here.

Thanks for clarifying this one, I'm spreadsheeting my stack and just want to make sure my calcs in all the areas are all correct - cheers

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24 minutes ago, Impreg said:

Thanks for clarifying this one, I'm spreadsheeting my stack and just want to make sure my calcs in all the areas are all correct - cheers

I made the mistake of spending about £1,800 with the Royal Mint at full retail price and added VAT before I discovered the lovely people on this forum. Cost me a fortune in VAT that I’ll probably never get back unless Silver ‘hits the moon’ 😅🤣

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52 minutes ago, Impreg said:

Thanks for clarifying this one, I'm spreadsheeting my stack and just want to make sure my calcs in all the areas are all correct - cheers

No problem. 

Excellent idea...if you have a bought date and price then depending on spot you know when you can sell at a profit. 

I like to buy the pre-dip dip

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2 minutes ago, James32 said:

No problem. 

Excellent idea...if you have a bought date and price then depending on spot you know when you can sell at a profit. 

or just wait till over a price point what your most expensive buy is thats what I am doing

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1 minute ago, HerefordBullyun said:

or just wait till over a price point what your most expensive buy is thats what I am doing

Yep that certainly works too 👍 

But thanks to last year's hype job I've now certain items that will have to be sat on for generations 😁

I like to buy the pre-dip dip

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34 minutes ago, lst65 said:

I made the mistake of spending about £1,800 with the Royal Mint at full retail price and added VAT before I discovered the lovely people on this forum. Cost me a fortune in VAT that I’ll probably never get back unless Silver ‘hits the moon’ 😅🤣

It will come good that I'm certain off.

I done the same thing with bullionbypost in my early days ( more than I care to admit)

I like to buy the pre-dip dip

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Just now, James32 said:

It will come good that I'm certain off.

I done the same thing with bullionbypost in my early days ( more than I care to admit)

Thanks James - fortunately I found the forum and have learnt a great deal - still learning 🙂

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