Silver Monitoring Thread £ (GBP) only.

[vand]

 

Current Price	£15.02
5 Year High	£15.78

3.8% away

 

 

[Michal]

15 hours ago, 5huggy said:

 As a member of "GATA" - I , (in this instance ONLY SPEAK for MYSELF) 

I follow a great deal of info as to what the "PROSPECTS" are rather than "PRICES" to be  - - 

There are MANY MANY factors that will influence the "VALUE" of the precious metals Gold,Silver,Platinum,Palladium, Rhodium e al!

here's one for example  - - - ->>>

Chinese government newspaper suggests return to gold standard

By: Chris Powell, GATA

from here - - - >>>>http://news.goldseek.com/GATA/1566916585.php

Going back in to gold standart in current monetary/econimic system would explode it. Gold would have to cover all derivatives and all other cr*p so called "financial assets". I don't think it will happened any time soon. Will be at some point in future but after huge and painful collapse. 

[sovereignsteve]

3 hours ago, vand said:

 

Current Price	£15.02
5 Year High	£15.78

3.8% away

 

 

With the current weakness of the pound looking at it this way is misleading.

[TonyS]

My small stack has gone up by £400 since Monday.

I want the price to fall as I want to buy more for my son.

[Paul]

its nearly at £22oz so i can break even £0.00 - whoop-erty-feckin'-whoop ! #GoSilver

[ilovesilverireallydo]

1 hour ago, sovereignsteve said:

With the current weakness of the pound looking at it this way is misleading.

Not really  -  London's stock market plunged more than 8% in the wake of the Brexit result in 2016, with the pound falling to its lowest level against the dollar since 1985 as markets reacted.
We were at 1.33 USD for every £ then, and at the moment around 1.24. So I would say there is definitely an exchange rate effect, but not as high as you would think. In fact, by Oct 2016 we had fallen to 1.22.

If you look at dollar terms - We are only a couple of dollars off which accounts for the FX difference.

 

[HighlandTiger]

1 hour ago, sovereignsteve said:

With the current weakness of the pound looking at it this way is misleading.

I like the idea of a weak pound. As we are in a supposed bull market, silver will continue to rise for a few years, but eventually as we get the Brexit bounce sterling will recover, meaning we'll get a nice dip in the silver price, that we can utilise    

[goldmember44]

2 minutes ago, HighlandTiger said:

I like the idea of a weak pound. As we are in a supposed bull market, silver will continue to rise for a few years, but eventually as we get the Brexit bounce sterling will recover, meaning we'll get a nice dip in the silver price, that we can utilise    

Hopefully sterling will recover...a lot may depend on how the government handles the situation and if it takes advantage of opportunities. 

[HighlandTiger]

1 minute ago, goldmember44 said:

Hopefully sterling will recover...a lot may depend on how the government handles the situation and if it takes advantage of opportunities. 

I need it to recover by January. Going to OZ, so I need a decent exchange rate. As i'm going to Perth, I may try and pick up a few "local" bits of silver as well.   

[goldmember44]

It's unfortunate that the UK doesn't have much gold reserves like some other countries to back the currency.

[goldmember44]

3 minutes ago, HighlandTiger said:

I need it to recover by January. Going to OZ, so I need a decent exchange rate. As i'm going to Perth, I may try and pick up a few "local" bits of silver as well.   

You should visit the Perth Mint, I'm sure that must be an experience

[vand]

3 hours ago, sovereignsteve said:

With the current weakness of the pound looking at it this way is misleading.

It is what it is, to use a slightly annoying truism.

I am happy to discuss USD price on the USD thread, but I get paid in GBP. 

Silver is doing the biz in many currencies around the world.. a accurate thing to say would be that the USD price has been supressed by the strength of the dollar.

Edited August 28, 2019 by vand

[5huggy]

16 hours ago, vand said:

Silver is doing the biz in many currencies around the world

  - JUST UP! will do me!

[Notafront4adragon]

19 hours ago, TonyS said:

My small stack has gone up by £400 since Monday.

I want the price to fall as I want to buy more for my son.

Let him buy his own stack! 

I would like more profit please.

[TonyS]

9 hours ago, Notafront4adragon said:

Let him buy his own stack! 

I would like more profit please.

That’s not my idea, I have a terminal illness, I want something tangible to give to Carl my son.

My ex-wife and I gave him a house, he’d never be able to afford one otherwise.

All I want is to see the last 2ozT Queens Beast.

[Bullionbilly]

36 minutes ago, TonyS said:

That’s not my idea, I have a terminal illness, I want something tangible to give to Carl my son.

 

All I want is to see the last 2ozT Queens Beast.

Sorry to hear that Tony, 🤞 for you on the beasts !

[vand]

On 28/08/2019 at 09:44, vand said:

 

Current Price	£15.02
5 Year High	£15.78

3.8% away

 

 

£15.70

Now just a smidge away.

 

[sixgun]

On 28/08/2019 at 13:42, TonyS said:

My small stack has gone up by £400 since Monday.

I want the price to fall as I want to buy more for my son.

My modest silver stack has gone up by over £4000 today.

Edited September 3, 2019 by sixgun

[vand]

 

On 28/08/2019 at 09:44, vand said:

 

Current Price	£15.02
5 Year High	£15.78

3.8% away

 

 

 

£15.82. BOSH. 

This is the explosive "rip your face off" stage of the rally.

Further upside is possible, but I would advise short term caution at this stage. PMs have ticked all the  boxes they need to at this point for the healthy bull market case.

 

Edited September 3, 2019 by vand

[DavePanda]

2 minutes ago, sixgun said:

My modest silver stack has gone up by over £4000 today.

 

On 28/08/2019 at 13:42, TonyS said:

My small stack has gone up by £400 since Monday.

I want the price to fall as I want to buy more for my son.

Now we always say when it goes down in currency terms “think about it in Ozs, it hasnt changed’ then we think about it in fiat value when it goes up!

Funny creatures us stacker/collectors 

[JunkBond]

7 minutes ago, sixgun said:

 modest

Not what I heard. 😂

[Paul]

17 minutes ago, sixgun said:

My modest silver stack has gone up by over £4000 today.

My silver stack still needs to get at £22oz to break even {sigh}  

[Bullionbilly]

30 minutes ago, sixgun said:

My modest silver stack has gone up by over £4000 today.

☝️ nice !

[sixgun]

Just now, Bullionbilly said:

☝️ nice !

There have been times when i suffered this size of loss (on paper) but i kept faith, held my nerve and bought more for the stack. i genuinely believe the party has only just got started.

[Paul]

My advance charting skills & predicition is history is repeating itself again - SELL SELL SELL - End of April 2020 ! You heard it here first