Silver Monitoring Thread £ (GBP) only.

[katyc]

25 minutes ago, stefffana said:

Personally I am paranoid enough to not trust a bank to hold my valuables

I agree with the bank trust - government could seize it. The safety deposit company I use for gold is an independent UK company (established in 112 years ago) who've never had an "incident" so I feel really confident with them. I also now insure the deposit box contents (it's surprisingly cheap - perhaps because it's so secure?)

For silver storage, I'm very fortunate. A person I trust with my life gives me access to a safe (only myself and my partner can access it with our fingerprints or a code - that we've set - so only we know it and one other trusted individual). It's one of those safes that even a giant plough couldn't move. I use about 0.0001% of the space, but he doesn't need and can't get rid of it, so I'm making the most of it and take him for lunch every now and again as a thank you!

[PapaLazarou]

2 minutes ago, Petra said:

😮🐶Another very spoilt dog😮🐶🐶

 

[bluemoon]

I've seen YouTube sponsors of the "Dirtyman Safe" and the concept is excellent, but it's getting too well known to the point that burglars will know to scan your garden with a metal detector at night while you're asleep. It's also way overpriced.

[stefffana]

7 minutes ago, PapaLazarou said:

 

Triggered!😂😂😂

[ZRPMs]

No one pulled this up yesterday 

 

[bluemoon]

3 hours ago, AndrewSL76 said:

I do not feel superior to silver stackers. Quite the opposite. I am envious of their ability to find a safe space to store it all!!!

It's not just the storage space either, but how you store it also brings up issues. Store it within PVC plastic and the silver will turn black. Keep it expose to air and it will milk. In fact it seems if you even sneeze in the presence of silver while in storage, something will happen to it.

[Petra]

4 hours ago, PapaLazarou said:

 

🤔😮oi!  What you saying🤔😮😁😁

[timsk]

3 hours ago, bluemoon said:

It's not just the storage space either, but how you store it also brings up issues. Store it within PVC plastic and the silver will turn black. Keep it expose to air and it will milk. In fact it seems if you even sneeze in the presence of silver while in storage, something will happen to it.

If everyone accepts that silver is a  ___________  metal (not sure of the technical word) that reacts to its environment and changes over time, and that anyone and everyone who stacks/collects it is in the same boat then, my question is: does it matter?

Edited March 29 by timsk

[stefffana]

Just now, timsk said:

If everyone accepts that silver is a  ___________  metal (not sure of the technical word) that changes over time and that anyone and everyone who stacks/collects it is in the same boat then, my question is: does it matter?

For me doesn't matter at all. My flatware will tarnish anyway, it is a natural process. My bars are doing the same, gaining character. Coins I buy only damaged or milked. If there are scratched or milked coins rejected by others, it is a bonus for me. I can buy cheap silver.😊

[Petra]

Surely all silver will eventually tarnish … no problem. Milky silver is a different matter and may not matter if getting melted, however, a manufacturer fault that is not needed by collectors 🤔😮😮

[silversky]

On 29/03/2024 at 15:41, bluemoon said:

It's not just the storage space either, but how you store it also brings up issues. Store it within PVC plastic and the silver will turn black. Keep it expose to air and it will milk. In fact it seems if you even sneeze in the presence of silver while in storage, something will happen to it.

Store it under pure Argon!!!  That's how certain museum pieces are stored.  Problem solved.  

I did actually consider experimenting with this idea for fun, but instead I just use airtight tubs with anti-tarnish strips and moisture removers to clean the Sulphur and water out of the small amount of trapped air.  They seem to have done a superb job for nearly a decade now, and my coins look brand new still.  The most important thing to ensure good results would seem to be the choice of box.  There must be no rubber or PVC in the construction, therefore the seal around food tubs needs to be researched to confirm that it is in fact silicon or plastic based, rather than of a rubber or PVC compound.  Obviously the plastic tubs must not be PVC based either.  The brand I use are Lock & Lock, model HPL 824 with a blue seal.  They fit 6 mint tubes perfectly with a little space for an anti tarnish strip and a moisture sachet tucked in with them.  Royal mint coins look exactly the same as they did nearly a decade ago.

If I could be bothered I'd fit them with a plastic valve system so I could replace the Oxygen with Argon as well, but it really isn't worth the considerable effort to make up a load of lids like that.  These food tubs and the strips and sachets to go inside them, cost less than an ounce to hold 150 ounces in brand new shiny condition for at least a decade, probably forever.  Not too time consuming, expensive or difficult to achieve.  The hardest part is researching a solution which you can be confident will work.  I know that mine works, so I won't be changing it.

[Petra]

Toning isn’t an issue and can make coins look better….. milking doesn’t happen on all silver and is a manufacturing error, it’s going happen or not however you store it, just luck of the draw😮🤔🤔

[bluemoon]

Never researched this, but I assume tubes are ABS plastic? Does anyone know? It's obviously not PVC. One could just keep them in tubes with maybe a silica gel pack. I opened a tube last week after 5 years since buying it and the top coins had milking, but the dealer had been handling them when he put them in.

[SidS]

I like toning.

[theman73]

Silver at $25

To the mooooon

[ccfcpaul]

april incoming too!!

[FriedrichVonHayek]

 Shanghai

1 Apr 2024 

USD 27.99

[Gruff]

1 minute ago, FriedrichVonHayek said:

 Shanghai

1 Apr 2024 

USD 27.99

Big arbitrage to CME

[RiverbankSilver]

On 30/03/2024 at 18:36, bluemoon said:

Never researched this, but I assume tubes are ABS plastic? Does anyone know? It's obviously not PVC. One could just keep them in tubes with maybe a silica gel pack. I opened a tube last week after 5 years since buying it and the top coins had milking, but the dealer had been handling them when he put them in.

Good questions

I have seen Graded (slabbed) silver proof coins milk spot after 12 months before. How will silver in capsules look after 20 years, is another question I ask myself..

[katyc]

Despite decades of shenanigans with the silver price, interest rates will come down at some point, so gold will continue to rally.

Silver lags behind and eventually momentum kicks in and silver increases at a much faster and higher percentage than gold. So with the gold:silver ratio at 90 at the moment, and especially if someone's budget is modest, then what better time to focus on silver (while everyone else is focusing on gold FOMO)?

Edited April 1 by katyc

[stefffana]

1 minute ago, katyc said:

Despite decades of shenanigans with the silver price, interest rates will come down at some point, so gold will continue to rally.

Silver lags behind and eventually momentum kicks in and silver increases at a much faster and higher percentage than gold. So with the gold:silver ration at 90 at the moment, and especially if someone's budget is low, then what better time to focus on silver (while everyone else is focusing on gold FOMO)?

Yep. I have the same strategy.😁

#silverbuyerforever

[HonestMoneyGoldSilver]

4 hours ago, RiverbankSilver said:

Good questions

I have seen Graded (slabbed) silver proof coins milk spot after 12 months before. How will silver in capsules look after 20 years, is another question I ask myself..

If they are Perth Mint Kookaburras then pretty good is the answer, better than freshly minted Britannias and triple the price

[HonestMoneyGoldSilver]

3 minutes ago, katyc said:

Despite decades of shenanigans with the silver price, interest rates will come down at some point, so gold will continue to rally.

Silver lags behind and eventually momentum kicks in and silver increases at a much faster and higher percentage than gold. So with the gold:silver ration at 90 at the moment, and especially if someone's budget is low, then what better time to focus on silver (while everyone else is focusing on gold FOMO)?

Agreed but I think the timing of the moves is going to surprise a few people including me. They've already surprised most of us by not cutting rates already, right? There are 2 Fed Board members who recently said there would be zero cuts this year. Our mates at the BoE are giving similar warnings and saying even rate hikes are not completely off the table. So when are they cutting?

Most of us believe there will be 2 more cuts before the US election which will be mirrored by the UK and EU, but nothing is guaranteed. Inflation is still a thing. Look what a bunch of sectors are doing tomorrow or on the 8th April with hiking prices of postage, broadband, TV and phones, that's not going to reduce inflation, is it? A lot of companies are hiking by 8.8% standard, with RM taking the utter piss on some of their SD prices. The minimum wage is going up in April, pension pay outs are up 10%, benefits are going up too. That doesn't look to me like the environment for bringing down inflation in the UK and cutting rates

The BoE was warning about market froth (overpriced assets like the Magnificent 7 and b1tchcoin) and suggesting a market correction may be on the horizon. We have the CEOs and richest people in the world cashing out huge chunks of their shares. The last two times they collectively cashed out it was followed by a substantial market correction

sorry tl;dr silver is chronically undervalued and will continue to go up but there may be a few unexpected setbacks 

[katyc]

15 minutes ago, HonestMoneyGoldSilver said:

Most of us believe there will be 2 more cuts before the US election which will be mirrored by the UK and EU, but nothing is guaranteed. Inflation is still a thing. Look what a bunch of sectors are doing tomorrow or on the 8th April with hiking prices of postage, broadband, TV and phones, that's not going to reduce inflation, is it? A lot of companies are hiking by 8.8% standard, with RM taking the utter piss on some of their SD prices. The minimum wage is going up in April, pension pay outs are up 10%, benefits are going up too. That doesn't look to me like the environment for bringing down inflation in the UK and cutting rates

That's a good point. I was thinking about this the other day too; the pension, minimum wages, utility prices etc. Inflation is far from over and I wonder if we will have a 70s style second hike; dwarfing the first round, perhaps eventually leading to liquidity crisis and PMs to slump (short term). Buying opportunity! OR, PMs keep rocketing thanks to the inflation!

Although political parties care only about their term (not the long term) so they will probably drop rates to get votes. Only time will tell. Fiat has never been more of a dirty word.

Edited April 1 by katyc

[0laf5on]

Is silver on the move up???

Edited April 1 by 0laf5on