I'm wrong?

[theman73]

Hello

I'm wrong or everybody panicked and start selling their gold?

The first page of the Silver forum (ungraded) right now at 12:15 is full of gold for sale, I mean not a single silver for sale, only gold.

Should I start panic mode and start the gold what I don't have?

Regards

Constantin

[James32]

No it's normal for gold to be available for sale ( some need cash after Christmas) some have seen another coin they want??

Gold and silver should be viewed as a long term hold ( doesn't really suit the nervous type)

Price is on a slow climb currently ( although that could change any minute)  I see now as a buying opportunity personally but none of what I say should be taken as financial advice. 

[sixgun]

58 minutes ago, theman73 said:

Hello

I'm wrong or everybody panicked and start selling their gold?

The first page of the Silver forum (ungraded) right now at 12:15 is full of gold for sale, I mean not a single silver for sale, only gold.

Should I start panic mode and start the gold what I don't have?

Regards

Constantin

There are always people selling on the forum. If the for sale items are selling someone must be buying.
It may be people selling to pay Christmas bills. i discussed with another member some months ago and we agreed we would expect more sales - people who aren't getting as much income as they would otherwise have got in the pre-COVID era.
i agree there seems to be more sales than usual but i really do not think it is anything to do with the price of gold about to crash. There were letters went out from Swiss refineries only today to say their output would be less as there are so many people off work they cannot run at normal capacity. So physical supply is tight.

Edited January 11, 2022 by sixgun

[theman73]

But still there is a ... on a silver forum everybody sell gold.

Anyway, is not affecting me having no gold at all.

[modofantasma]

3 hours ago, theman73 said:

Hello

I'm wrong or everybody panicked and start selling their gold?

The first page of the Silver forum (ungraded) right now at 12:15 is full of gold for sale, I mean not a single silver for sale, only gold.

Should I start panic mode and start the gold what I don't have?

Regards

Constantin

Maybe everyone is getting rid of that nasty gold to buy more silver? 🤔 

Jokes aside, I don't see any reason to panic sell anything. I just had a scroll through a couple of pages and there's both silver and gold on here for sale. 

I sell items from time to time that don't fit my stack just to keep up some feedback so that if/when I do want to sell I'm not starting from nowhere. Any metals I do sell goes to buying more metals usually and I still add additional money to buy metals so the stack is growing too. 

I'm sure someone else will join us 😁

[modofantasma]

Also another point perhaps... People who have been buying silver for a few years and especially pre 2021 in the UK are potentially more likely to hang on to that silver and sell gold now if cash is needed as gold can be bought back at low % premium whereas silver is likely to cost them a lot more to get hold of now 

[dicker]

Hi @theman73

Good question!  We often get a member listing a large collection of gold (I think I have seen 30 Sovs for sale in one go and even a 1kg gold bar!)

I think what you are seeing is one of our members (Who is also a dealer) selling multiple individual coins.  I agree with other comments above about people liquidating in Jan to pay bills - silver has dropped more than gold in percentage terms so folk that need money they might sell their least depreciated asset.

The other thing at play here is the portability of gold and ease of sending.  1oz coin is worth roughly the same as a couple of kg of bulky silver.

I know its called the silver forum,  but this is a slightly misnomer as it covers precious metals 🙂

Best regards

Dicker

Edited January 11, 2022 by dicker
Typo

[Arganto]

"The Shiny Forum"

 

[Pete]

Having just received a quote for gas and electricity I might be forced in to trading PMs for heating later this year.
I really don't understand the government's price cap which only applies to standard variable rate tariffs.
Most of us I assume will have fixed price annual contracts.
My gas increase will be 400% and electricity 250% if I continue so I am defaulting to standard variable which I assume will be significantly cheaper and of course the energy providers don't want you on this tariff because many are losing money but 400% !!!  ----  W.T.F. !!!

[theman73]

3 hours ago, Pete said:

Having just received a quote for gas and electricity I might be forced in to trading PMs for heating later this year.
I really don't understand the government's price cap which only applies to standard variable rate tariffs.
Most of us I assume will have fixed price annual contracts.
My gas increase will be 400% and electricity 250% if I continue so I am defaulting to standard variable which I assume will be significantly cheaper and of course the energy providers don't want you on this tariff because many are losing money but 400% !!!  ----  W.T.F. !!!

 

Well, the nice thing is that there are no reason for this 400% increase.

But someone must pay for government mistakes and usually is the ordinary citizens. 

Regards 

[Shep]

Well those Platinum Jubilee releases don't pay for themselves!

[KevinFlynn]

15 hours ago, theman73 said:

But still there is a ... on a silver forum everybody sell gold.

...

I guess it's called The Silver Forum because of the silver buying iniatives that took place in times long forgotten...

It's also smoother than The Precious Metals Forum...

😊 (Service Smiley)

 

Edited January 12, 2022 by KevinFlynn

[HerefordBullyun]

16 hours ago, theman73 said:

But still there is a ... on a silver forum everybody sell gold.

Anyway, is not affecting me having no gold at all.

What I would do to fix your worries is just send me all your silver for free as you don't have any gold. Then you won't have to worry about any of it going forwards. 

I won't even charge you storage.😁

[theman73]

1 hour ago, HerefordBullyun said:

What I would do to fix your worries is just send me all your silver for free as you don't have any gold. Then you won't have to worry about any of it going forwards. 

I won't even charge you storage.😁

 

Parcel packed, on my way to the Post Office.

[CANV]

On 11/01/2022 at 15:58, Pete said:

Having just received a quote for gas and electricity I might be forced in to trading PMs for heating later this year.
I really don't understand the government's price cap which only applies to standard variable rate tariffs.
Most of us I assume will have fixed price annual contracts.
My gas increase will be 400% and electricity 250% if I continue so I am defaulting to standard variable which I assume will be significantly cheaper and of course the energy providers don't want you on this tariff because many are losing money but 400% !!!  ----  W.T.F. !!!

Start the ‘gas forum’.  Start stacking Butane.     You could advertise it by saying , you could make a bomb,   Literally 

[Griffo]

2 hours ago, CANV said:

Start the ‘gas forum’.  Start stacking Butane.     You could advertise it by saying , you could make a bomb,   Literally 

Better off with LPG as it works well in the winter

[Paul]

On 11/01/2022 at 19:38, Shep said:

Well those Platinum Jubilee releases don't pay for themselves!

My anorexic piggy bank has swine flu this January

[SilverAg]

On 11/01/2022 at 15:58, Pete said:

I really don't understand the government's price cap which only applies to standard variable rate tariffs.

The price cap only applied to standard variable tariffs (SVT's) as historically these were the companies 'default tariffs' that customers would be placed on if they actively didn't manage their tariff. As as consequence, in the event you moved on a SVT you had a bit of protection from excessive prices. The cap wasn't required for fixed tariffs as this was the market companies would compete in to obtain your service. Albeit the competitive pricing of fixed tariffs was offset by charging SVT customers more. Although the companies are now unhappy with the price cap and it being restrictive for their pricing. Its worth remembering that this cap was only forced upon companies becasue they were overcharging consumers for years. It feels poetic that they now reap what the sow.

[HerefordBullyun]

 

21 minutes ago, SilverAg said:

 It feels poetic that they now reap what the sow.

 

This type of sow?😁