Silver Monitoring Thread £ (GBP) only.

[sixgun]

2 hours ago, vand said:

The long term decline is about much more than Brexit. I remember the GBP over $2 and over 1.7Eur. 

This is about continual mismanagement of our economy. We are anti-business and anti-entrepreneurial while promoting too much investment in unproductive housing, all of which has made us an expensive, high tax, and unproductive economy. Where are our success stories? The FTSE100 is still dominated by the same tired old firms that were knocking aroun 10-20 years ago. It is not surprise that as other countries overtake us or pull even further ahead their currencies become more highly valued relative to our own

London Paul was saying that Boris had indicated he wanted to drop the value of Sterling by 20% against the EUR and USD to improve the price of British goods. Trump has talked about dropping the value of the USD - so we look like we are going to enter a currency war with everyone racing to zero.

[goldmember44]

7 minutes ago, sixgun said:

London Paul was saying that Boris had indicated he wanted to drop the value of Sterling by 20% against the EUR and USD to improve the price of British goods. Trump has talked about dropping the value of the USD - so we look like we are going to enter a currency war with everyone racing to zero.

You can imagine what that's going to do to the price of precious metals...

[sixgun]

14 minutes ago, goldmember44 said:

You can imagine what that's going to do to the price of precious metals...

Keep Calm and Carry on Stacking

[KDave]

I would take another 20% decline if we actually started to produce British goods and it benefited the nation, I can carry the pain if needed for the good of the future (my kids). The trouble is we are majority import and don't have much to export, so will it really make us better off, or will it just continue to cripple the little people like myself? Remember that would be a 40% decline in sterling in what 4 years? Below official inflation payrises are the norm for the majority (offical being 2%, reality including housing/rent is 7%) for years now. Socialism starts to look attractive in such conditions.

[HighlandTiger]

4 hours ago, KDave said:

 Socialism starts to look attractive in such conditions.

Wash your mouth out with soap!!

 

[Michal]

Believe me You don't want do live in socialism, sad true is most western countries are heading that direction and UE is becoming USSSER.

Edit

silver up to 12.81

Edited July 17, 2019 by Michal

[KitboyE17]

5 hours ago, KDave said:

Socialism starts to look attractive in such conditions.

I’ll happily say it again ... 

[sixgun]

6 hours ago, KDave said:

I would take another 20% decline if we actually started to produce British goods and it benefited the nation, I can carry the pain if needed for the good of the future (my kids).

Right now i am listening to a finance programme from Kenya where there is an interview with a couple of guys from Kinesis - the chap running the show was saying how Sterling had been hit but it was helping exports. The real thing is we need manufacturing industry. We were the workshop of the world - the world has changed but there is no real reason the country could not improve its productiveness - other than the global warming - depopulation - death cult. This needs to be rooted out and destroyed but it would mean destruction of the existing politics and banking cabal.

Edited July 17, 2019 by sixgun

[KDave]

8 minutes ago, KitboyE17 said:

I’ll happily say it again ... 

I know, I know! But the others who vote don't. If times get much harder for workers and the rest under the Tories in a two party system, where the other party are the Jew hating communists, that's exactly what we will get mark my words. 

[KDave]

Silver confirming gold move higher? Too early to tell? As usual I was hoping for decline in prices into latter part of the year. 

[HighlandTiger]

2 hours ago, Michal said:

Believe me You don't want do live in socialism, sad true is most western countries are heading that direction and UE is becoming USSSER.

Edit

silver up to 12.81

If you are living in Scotland, you are currently living in a pseudo socialist state. Well done to the SNP topping the EU charts and even beating the USA.......................in drug related deaths, 

Only an SNP government would think the way of getting rid of addiction, is to make alcohol more expensive than heroin. And their current answer to the drug problem, build all the druggies safe spaces so they can take drugs in clean and safe environments. Not realising that people will still take drugs at home. Also forgetting that the same thing was tried with alcohol, in that safe spaces were built where they can take alcohol in clean and safe environments,  we call them pubs now. And guess what, people still drink at home and scotland tops the charts for alcohol related deaths as well. But don't worry I'm sure the SNP socialist nanny state will brush all this under the tartan carpet. 

[KitboyE17]

9 minutes ago, HighlandTiger said:

But don't worry I'm sure the SNP socialist nanny state will brush all this under the tartan carpet. 

 

[sixgun]

What have we seen for over 100 years?

The UK was decimated by WWI. The Flower of the country's youth was slaughtered running at machine guns for no purpose. An avoidable war deliberately orchestrated by the ruling class.

WWII what was that about? Allegedly it was to save Poland which wasn't saved but spent decades under the Soviet totalitarian system. An avoidable war deliberately orchestrated by the ruling class years before it began. The country was utterly bankrupted and in reality has never recovered - as was the intention.

Since WWII the economy has been dismantled. This was accelerated with entry into the EU. Thatcher oversaw the nation's assets being sold off for a song - most of the utilities are now run by foreign companies. She destroyed the coal mines. Engineering went down the tubes. 

Now we have a state television company full of Leftists, habouring paedophiles and every other colour of deviant pumping out 24/7 BS. The infant schools are pushing gender studies, drag queen story telling and every other brain rot for the kids. We have a police not fit for purpose, more interested in Tweets than actual crimes. The country's law has enshrined the Climate Change agenda - which those who have not been sucked in by the propaganda know is a lie. The list is very long. So no surprise that the politicians continue to push policies which run contrary to commonsense and what is good for the people. It is not Socialism, or Conservatism or any other name you care to give it. They are in practice all the same. They are all a mixture of the incompetent and the criminal.

Edited July 17, 2019 by sixgun

[vand]

SilverGBP continuing to take out significant peaks.

£13 would see it take out the June 2018 high and set the highest price since Nov 2017.

[Stu]

Silver a baw hair away from £13

[vand]

The bears can't keep a lid on this run.

Gold looks like it wants to break out to new highs, silver is now joining in on the party, and the miners are continuing to act like the leveraged play they should be.

[JunkBond]

just hit £13

[TonyS]

£13-03

OK my stack it now worth more on paper but I won't be selling, I want to buy more at a lower price.

[FriedrichVonHayek]

I made my first big purchase of Silver in more than 6 years,the last time I bought physical Silver but this time round I have invested in the Sprott Physical Silver trust and a little in Merian Gold and Silver.

It is a major headache to own Physical Silver due to its bulk as well as security issues and selling it is very time consuming also.

 

[JunkBond]

5 minutes ago, FriedrichVonHayek said:

It is a major headache to own Physical Silver due to its bulk

 

Not when you spend as little as I do. 😂

[Notafront4adragon]

On 17/07/2019 at 22:09, sixgun said:

What have we seen for over 100 years?

The UK was decimated by WWI. The Flower of the country's youth was slaughtered running at machine guns for no purpose. An avoidable war deliberately orchestrated by the ruling class.

WWII what was that about? Allegedly it was to save Poland which wasn't saved but spent decades under the Soviet totalitarian system. An avoidable war deliberately orchestrated by the ruling class years before it began. The country was utterly bankrupted and in reality has never recovered - as was the intention.

Since WWII the economy has been dismantled. This was accelerated with entry into the EU. Thatcher oversaw the nation's assets being sold off for a song - most of the utilities are now run by foreign companies. She destroyed the coal mines. Engineering went down the tubes. 

Now we have a state television company full of Leftists, habouring paedophiles and every other colour of deviant pumping out 24/7 BS. The infant schools are pushing gender studies, drag queen story telling and every other brain rot for the kids. We have a police not fit for purpose, more interested in Tweets than actual crimes. The country's law has enshrined the Climate Change agenda - which those who have not been sucked in by the propaganda know is a lie. The list is very long. So no surprise that the politicians continue to push policies which run contrary to commonsense and what is good for the people. It is not Socialism, or Conservatism or any other name you care to give it. They are in practice all the same. They are all a mixture of the incompetent and the criminal.

Yeah, but would you buy silver?

[Pete]

Must be priced in old Italian Lira - surely !! -

[5huggy]

Venezuelan Bollivars!

Edited August 6, 2019 by 5huggy

[goldmember44]

Boy oh boy....nice spike there. £20 here we come?

[Notafront4adragon]

1 hour ago, goldmember44 said:

Boy oh boy....nice spike there. £20 here we come?

Maybe that lag catch up everyone has hoped for? I hope so I'm getting too attached to my silver coins...