I Wouldn't Buy Silver

[Roy]

2 hours ago, Samcrewsilverlover said:

but if I need a few hundred £'s I know it's not going to be too long to sell them rather than a big chunk.

I don't understand why folk use PMs as a current account. You're almost certain to lose money that way.

 

[Bigmarc]

27 minutes ago, Roy said:

I don't understand why folk use PMs as a current account. You're almost certain to lose money that way.

 

Because some of us are cr*p at saving. I can't exactly nip down to the local kebab shop and toss over a ounce. 

 

Edit, bad example, I probably could. May be Tesco.

Edited January 17, 2022 by Bigmarc

[Roy]

Crypto would be a better idea.

Just as volatile, but easier to get in and out of. No VAT.

Gold holders appear to be more disciplined than their silver brethren.

 

[Bigmarc]

1 hour ago, Roy said:

Crypto would be a better idea.

Just as volatile, but easier to get in and out of. No VAT.

Gold holders appear to be more disciplined than their silver brethren.

 

Yes, I am a bit off a latecomer to gold and it does have that desirability to keep and hold for a long term. Still finding my feet with crypto, can't make my mind up on that one yet.

[Junior]

For sure some people have trouble saving, but some just don’t wish to save in paper currencies.

@Bigmarc As for being a latecomer to gold, that’s probably why many silver stackers wish for the ratio to go back to 15:1; so that they can swap their silver for gold and be further ahead without having spent the higher amount to get gold in the first place. Not a bad idea really, if it happens.

[Bigmarc]

2 hours ago, Junior said:

many silver stackers wish for the ratio to go back to 15:1

40:1 will do me, I would be listing like the wind.

[Roy]

Ah, that's what differentiates gold bugs and silver bugs!

The GSR got to 120-1 and I didn't sell any of my gold to buy silver, I just bought silver.

[Samcrewsilverlover]

10 hours ago, Roy said:

I don't understand why folk use PMs as a current account. You're almost certain to lose money that way.

 

I dont and didn't say I use my coins as a current account. I collect for the future Savings/Pension.

What I was trying to say and I probably didn't get it across to well..is that it is alot easier imo if I need to liquidate quickly for some unexpected reason its easier to sell low denomination bullion than it would be trying to sell 100oz bars or coins if there are such coins...

[James32]

1 minute ago, Samcrewsilverlover said:

I dont and didn't say I use my coins as a current account. I collect for the future Savings/Pension.

What I was trying to say and I probably didn't get it across to well..is that it is alot easier imo if I need to liquidate quickly for some unexpected reason its easier to sell low denomination bullion than it would be trying to sell 100oz bars or coins if there are such coins...

You are right up to a certain point. 

What you haven't taken into consideration is someone ( not me all lost at sea) May have every denomination of silver already that will cover all eventualitys 🤞

They then decided to go after bigger bars as they where bored of the same old thing and needed new enthusiasm. 

It's a long road ( silver journey/life) never say never lol.

[Darr3nG]

7 hours ago, Roy said:

The GSR got to 120-1 and I didn't sell any of my gold to buy silver, I just bought silver

I did - traded gold sovs for a bunch of silver when the ratio went over 100:1 and then a few months later traded much of that silver back for gold at around 70:1

I probably ended up 3-4 sovereigns (or gold equivalent) better off.

[TommyTwoShots]

3 hours ago, Darr3nG said:

I did - traded gold sovs for a bunch of silver when the ratio went over 100:1 and then a few months later traded much of that silver back for gold at around 70:1

I probably ended up 3-4 sovereigns (or gold equivalent) better off.

Great work!

[LawrenceChard]

On 14/01/2022 at 20:28, Junior said:

I Wouldn't Buy Silver

By: Jordan Graveline

I would buy a nice haircut for $30
But I wouldn’t buy silver for $30 an ounce

I would buy a tank of gas for $60
And I have bought a night out for $90
But I wouldn’t buy silver for $30 an ounce

I would buy a TV cable package for $120/month
And I have bought a pair of shoes for $150
And I need to pay my cellular bill of $180
But I wouldn’t buy silver for $30 an ounce

I would buy car insurance for $200/month
And I have bought groceries for $400
And I need to pay my credit card of $700
And I want to buy a new snowblower for $1000
But I wouldn’t buy silver for $30 an ounce

I would rent a nice place for $1500/month
And I have bought a nice diamond ring for $3000
And I need to pay off my student loan of $7000
And I want to buy a vacation getaway for $20,000
And I should have my savings account at $50,000
But I wouldn’t buy silver for $30 an ounce

I would buy a washer and dryer for $3000
And I have bought artwork for $5000
And I need to pay off my car loan of $10,000
And I want to buy a new truck for $90,000
And I should have a portfolio worth $500,000
And I am going to pay $1,000,000 for a modest house…

But I wouldn’t buy silver for $30 an ounce

Overpriced?

We need some clarity here:

Are we talking about USD or CDN?

Assuming USD, with the Gold:Silver ratio close to 80:1, and gold at about $1820, silver is still cheap relative to gold.

A G:S ratio of 40:1 would not be absurd within a few years timescale, so spot silver could easily be around $45.

If G:S got to the13.5:1 of the Bunker Hunt days, we could see AG at $135.

BTW, I am not one of the silver freaks, who think there is a conspiracy holding silver down below $1000, in fact I often advise silver bugs not to get caught up in the hysteria and hype.

I did notice from a later post, that this was not about you, but about humanity.

I did also like the repetition and variation device you used, it reminds me of e.e. cummings:

Humanity I Love You

Humanity i love you
because you would rather black the boots of
success than enquire whose soul dangles from his
watch-chain which would be embarrassing for both

parties and because you
unflinchingly applaud all
songs containing the words country home and
mother when sung at the old howard

Humanity i love you because
when you’re hard up you pawn your
intelligence to buy a drink and when
you’re flush pride keeps

you from the pawn shop and
because you are continually committing
nuisances but more
especially in your own house

Humanity i love you because you
are perpetually putting the secret of
life in your pants and forgetting
it’s there and sitting down

on it
and because you are
forever making poems in the lap
of death Humanity

i hate you

 

 

[LawrenceChard]

On 15/01/2022 at 18:14, Junior said:

LOL

As the term goes, I’m in the black. Have been for many years. 

As Jeremy Corbin is once reputed to have said.

😎

[LawrenceChard]

On 15/01/2022 at 18:14, Junior said:

LOL

As the term goes, I’m in the black. Have been for many years. 

As Jeremy Corbyn is once reputed to have said.

😎

[LawrenceChard]

On 15/01/2022 at 22:20, Junior said:

I’m not lying to you. The most desirable places in Canada (I’m referencing Ontario here, specifically in the GTA), are going for $1,000,000 (CAD) or more.

The province of Alberta has similar housing prices at half that amount and the eastern provinces of Canada are probably sitting at a third or even a quarter the price for the same house. Problem is, no jobs to support you. So housing is cheaper there.

The USA only paid $7.2 million for the whole of Alaska! 😎

(It was a while back, though).

[LawrenceChard]

On 15/01/2022 at 23:02, Junior said:

Sorry for apologizing…

 

 

 

And I’m sorry for the above^ apology for apologizing. 😆

I'm sorry to hear that!

😎

[LawrenceChard]

On 15/01/2022 at 23:35, Junior said:

Well if you want to talk in regards to low price here and low price there, then I will accommodate you. How about the low prices of the early 1900s when silver was 45 cents ($0.45 USD) per ounce?

Sorry to burst the obvious bubble, but if you weren’t born then and still alive now, that ship has sailed.

So let’s talk reality. Can you go back in time (2014-2020) and re-buy or buy some more? No. So let’s try talking present and future only. For someone jumping into the market now, today, for the first time ever, silver prices are a bargain. If you tell them to wait til the prices fall back to the prices of the past, they’ll be dead and still waiting.

That’s why my stance on the current price of silver is that it is a bargain. Might not be for someone like yourself, holding and hoping for prices of the past. But for a new collector/stacker, the perfect price to jump in (right after the downslope from 2021).

P.S. @HawkHybrid I thoroughly enjoy it when you comment. My posts would be slightly dull without you ❤️

I think that $3.55 on 25th February 1991 was a greater bargain than $0.45 way back in the 1900's, although I would invite any accurate analysis in place of my top of the head opinion.

 

[LawrenceChard]

31 minutes ago, LawrenceChard said:

As Jeremy Corbyn is once reputed to have said.

😎

You can say that again!...

...

Oh, it looks like I just did...

How did that happen?

😎

[LawrenceChard]

On 16/01/2022 at 16:09, Gordy said:

SO? Off topic a bit, what happens when you 'ignore' someone? do you stop seeing their posts and comments?

Next!

😎

[James32]

1 minute ago, LawrenceChard said:

You can say that again!...

...

Oh, it looks like I just did...

How did that happen?

😎

It's OK....just old age Lawrence ( will come to us all)

[LawrenceChard]

On 16/01/2022 at 21:32, Samcrewsilverlover said:

Personally I'd never buy a 100oz silver bar etc..the problems is as I see it is liquidity.  Its OK if you are planning to hold on to it to pass down or pass it on but  I don't think many people would hand over money for 100 oz,kilo silver bars..but I could be wrong...just wouldn't be my choice.....1,2,5 or 10 oz are so much easier to liquidate...anything above that I personally stay well clear of,not because I don't appreciate the size..just too difficult to sell in the long run..unless you know people who will have know problems taking them off your hands.....

100 ounce silver bars wanted. Any quantity, no limit!

 

not only, but also:

1000 ounce silver bars wanted. Any quantity, no limit!

😎

[LawrenceChard]

22 hours ago, James32 said:

I agree, if I could buy 100oz bars now for £1200 I'd back up the neighbours truck 🙂

Use your own truck!

😎

[James32]

1 minute ago, LawrenceChard said:

Use your own truck!

😎

🤣🤣 you're in fine form tonight sir.

 

[LawrenceChard]

11 minutes ago, James32 said:

It's OK....just old age Lawrence ( will come to us all)

Sure, but it's not supposed to happen at 29!

😎

[James32]

6 minutes ago, LawrenceChard said:

Sure, but it's not supposed to happen at 29!

😎

Ran out of reactions🤣🤣