closed Reduced Stunning 1kg Schone silver bar best I've owned

[Leonmarsh]

Schone 1kg silver bar  

Doesn't get nicer than this 

Wonderful vintage stunning toned bar 

£640 plus post won't be going cheaper its just too nice it's less than 20 an ounce for a wonderful bar 

Holiday spends needed 

[Leonmarsh]

Guess it's not a good time to sell silver 

 

[Leonmarsh]

Reduced to what I paid 640

[Stacktastic]

On 30/08/2022 at 17:45, Leonmarsh said:

Guess it's not a good time to sell silver 

 

Noticing this??
Can you explain why?
£20 an ounce is my buying benchmark - especially on Brits. 
Buying a number of 25x brits for £500 during 2020 & selling them at £750 in the silver squeeze was fab.  

Is the spot going a lot lower as I can see a decent bounce personally on the PM's this/next year, esp. gold. 
Especially with CBDC's & civil unrest due to high inflation, rates & controlled food supply shortages. 
£5000 gold & £50 silver is not a pipe dream IMO & im not a fantasy man. 

Fiat currency in the west is doomed, despite its last attempts to be strong. 

Have I missed something LOL. 

[Leonmarsh]

2 minutes ago, Stacktastic said:

Noticing this??
Can you explain why?
£20 an ounce is my buying benchmark - especially on Brits. 

Is the spot going a lot lower as I can see a decent bounce personally on the PM's this year
Especially with CBDC's & civil unrest due to high inflation, rates & controlled food supply shortages. 

Human nature 

When it's low people don't buy as they think it will hit the floor  when it's high people buy as they think the trend is upwards, psychology

Such as bitcoin everyone flooded in at 40k a coin and no one at 20k a coin if you buy no maybe it will go back to 40k and people do well, it's the maybe that unsettles everyone  

That's why they say buy the dips, in a few months spot could return to 20 then this bar has been bought less than spot 

In my opinion silver can't fall much further I mean it's only 15.50 now and it will never be 0.00

I would hold but just blown my wad at the coin cabinet auction 

 

 

[Leonmarsh]

At 19.90 an ounce for a toned vintage bar is cheap in my opinion, but as they say it's only worth what people will pay, but when you see silver joke coins been sold for 30+ an ounce like Simpsons etc it does make you wonder

[Byronvan]

The problem is paper silver and physical silver is not the same thing.  You can never buy physical silver that's decent at spot price, it just doesn't exist.  I don't pay much attention to the spot price anymore as its manipulated. I only look at what physical is selling at. If you see it selling at the mint and other sellers and you can buy it cheaper it's a good deal.  I get that vat is added and this adds to the cost but even without vat is hard to buy silver at spot

[Leonmarsh]

5 minutes ago, Byronvan said:

The problem is paper silver and physical silver is not the same thing.  You can never buy physical silver that's decent at spot price, it just doesn't exist.  I don't pay much attention to the spot price anymore as its manipulated. I only look at what physical is selling at. If you see it selling at the mint and other sellers and you can buy it cheaper it's a good deal.  I get that vat is added and this adds to the cost but even without vat is hard to buy silver at spot

Not many bars around this cheap for what it is i.e not just a generic bar metalor or umicore, has age, character and so on 

[Stacktastic]

2 hours ago, Leonmarsh said:

Human nature 

When it's low people don't buy as they think it will hit the floor  when it's high people buy as they think the trend is upwards, psycholog

In my opinion silver can't fall much further I mean it's only 15.50 now and it will never be 0.00

I agree - Im super bullish on gold and then silver eventually, but as Byron says its screwed with the paper market & industrial demand. 
2020 showed how far silver can fall when in actual fact it should be excelling.

But when people actually need real money its the second best thing to gold outside of tradable items that required (bog roll apparently). 

£14 is my target or there abouts (not looked at the charts), but the double bottom yesterday was interesting. 

@Byronvan im interested as you bought one of these bars at something like £750 last year - why are ytou not buying another one at a discount?  

[Leonmarsh]

Well doorstop it is cheaper than wood lol 

[TheSilverForum]

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