Silver Monitoring Thread £ (GBP) only.

[SheepStacker]

1 minute ago, GoldDiggerDave said:

Buy sovereigns! 

Trying. Rare as hen's teeth at the moment.

[James32]

2 minutes ago, GoldDiggerDave said:

Buy sovereigns! 

Silver sovereigns? Have you a link?

[ArgentSmith]

https://www.londonmintoffice.org/silver-coins/sovereigns

The London Mint Office 🤣

[James32]

Just now, ArgentSmith said:

https://www.londonmintoffice.org/silver-coins/sovereigns

The London Mint Office 🤣

I can get almost 8 of those for the price of a gillick.... 

Silver haters going to hate, but the economics don't lie 😁

[modofantasma]

10 minutes ago, GoldDiggerDave said:

Buy sovereigns! 

Only got 1 silver one it was less than 'face value'

[StackerBritt]

39 minutes ago, modofantasma said:

-4.7% on the day so far 🧐

¡¡¡¡uooɯ ǝɥʇ oʇ

[modofantasma]

5 minutes ago, StackerBritt said:

¡¡¡¡uooɯ ǝɥʇ oʇ

Someone pick him up and pour him another drink.

Clawing a little back but a volatile day. 

[GoldDiggerDave]

Seriously £18.54 will buy 13.2 cans of soup.  
 

10 years ago silver was £23.00 and for that I could buy 46 tins of soup when they were 6 for £3 at Morrisons………I can take the P all you want but those  morons on YT saying silver is a true store of wealth who the hell are they trying to kid? 
 

Even when silver bottomed at £10 that’s still 20 tins of soup per oz that’s still 51% more soup than today.  

to keep to a the same silver tin of silver ratio today then silver has to be a minimum of £64.40 per oz. If it’s not, then it’s not keeping up with inflation so impossible to be a good store of wealth……….I don’t want to dance on anyone’s hopes and dreams and if you think I’m wrong and silver is a good store of wealth and it’s a hedge against inflation I’m 100% genuinely happy to hear it as I’m sat on loads too.  

[James32]

@GoldDiggerDave is selling soup 😲 

[Dom]

2 minutes ago, GoldDiggerDave said:

 

Seriously £18.54 will buy 13.2 cans of soup.  
 

10 years ago silver was £23.00 and for that I could buy 46 tins of soup when they were 6 for £3 at Morrisons………I can take the P all you want but those  morons on YT saying silver is a true store of wealth who the hell are they trying to kid? 
 

Interesting point, do you not think there will be a mean reversion at some point though? Markets may remain irrational longer than you can stay solvent (I think that's the saying) but there has to be mean reversion at some point surely.

[modofantasma]

3 minutes ago, James32 said:

@GoldDiggerDave is selling soup 😲 

TSF .... We know what the S stands for.

What are we going to hit first? £17.99 or £20.00 🤔

[GoldDiggerDave]

1 minute ago, Dom said:

Interesting point, do you not think there will be a mean reversion at some point though? Markets may remain irrational longer than you can stay solvent (I think that's the saying) but there has to be mean reversion at some point surely.

Mate I see and hear people saying it’s a hedge against inflation and I want to scream, if you make any investment anywhere and it doesn’t keep up with a tin of soup then you’d have to say it’s not a good investment.  

[ArgentSmith]

Soup ratio at 13 is a strong buying signal dude

[timsk]

11 minutes ago, Dom said:

Interesting point, do you not think there will be a mean reversion at some point though? Markets may remain irrational longer than you can stay solvent (I think that's the saying) but there has to be mean reversion at some point surely.

Hi Dom,

Mean reversion depends on the time frame and what the input data are. On the weekly chart below, it's the dotted line in the middle. Someone else can produce another chart as valid (or as invalid) as mine that shows something very different. That's where technical analysis falls down, as there's no 'right' way of doing it. For me, Spot price will need to be well below the mean - and preferably nearer the bottom of the channel - before I get my wallet out. Horses for courses 'n all that.

[modofantasma]

I'd speculate today's silver action is potentially around growth/ contraction forecasts and therefore reduce demand for its industrial use whereas gold hasn't moved as much due to it's 'safe haven' appeal. Has anyone seen any specific news on silver?

[modofantasma]

1 minute ago, timsk said:

Someone else can produce another chart as valid (or as invalid) as mine

I've a similar channel drawn on the 1W chart too

[flyingveepixie]

40 minutes ago, GoldDiggerDave said:

 

 

10 years ago silver was £23.00 and for that I could buy 46 tins of soup when they were 6 for £3 at Morrisons………I can take the P all you want but those  morons on YT saying silver is a true store of wealth who the hell are they trying to kid? 
 

 

I keep seeing people saying this everywhere I look.  It does my head in.  Someone on this very thread a couple of pages ago claimed that it was keeping up with inflation - see below.

 

[ArgentSmith]

3 minutes ago, flyingveepixie said:

I keep seeing people saying this everywhere I look.  It does my head in.  Someone on this very thread a couple of pages ago claimed that it was keeping up with inflation - see below.

 

because it has?

[Paul]

52 minutes ago, GoldDiggerDave said:

 

Seriously £18.54 will buy 13.2 cans of soup.  
 

10 years ago silver was £23.00 and for that I could buy 46 tins of soup when they were 6 for £3 at Morrisons………I can take the P all you want but those  morons on YT saying silver is a true store of wealth who the hell are they trying to kid? 
 

Even when silver bottomed at £10 that’s still 20 tins of soup per oz that’s still 51% more soup than today.  

to keep to a the same silver tin of silver ratio today then silver has to be a minimum of £64.40 per oz. If it’s not, then it’s not keeping up with inflation so impossible to be a good store of wealth……….I don’t want to dance on anyone’s hopes and dreams and if you think I’m wrong and silver is a good store of wealth and it’s a hedge against inflation I’m 100% genuinely happy to hear it as I’m sat on loads too.  

and the cans were bigger so you got more soup to ! 

[Paul]

Can we now have a gold to soup ratio  

[Bigmarc]

What happened to Dr Martin's, where has soup come from? 

[James32]

2 hours ago, StackerBritt said:

¡¡¡¡uooɯ ǝɥʇ oʇ

 

[EdwardTeach]

I said a year ago that the best way to keep up with inflation at the moment is to stack up on tins of soup and other non-perishable foods.

We all know that due to global food shortages the price of food is going to shoot up over the next couple of years. So why not just buy two or three years worth of tinned food at the current price now and save yourselves loads of money over the next three years by avoiding the high prices tomorrow?

Edited January 23, 2023 by EdwardTeach

[Darr3nG]

1 minute ago, EdwardTeach said:

why not just buy two or three years worth of tinned food at the current price

Been stocking up for months now...

[James32]

7 minutes ago, Darr3nG said:

Been stocking up for months now...

Will you be making a listing?