Is Now a good time to Buy Silver

[stefffana]

Just now, Midasfrog said:

Wen page #2600 ?

And where is @James32 🤔

Go to the NBS, mate!

This is a serious thread on PM section!

Don't try to walk on the water!

[Midasfrog]

1 minute ago, bobski said:

wen page 2600?

Are we there yet ?

[Upsidedown]

Also to stay on topic I'd like to ask, does the possibility of milk spotting put you off from collecting bullion silver coins?

 

P.S. WEN 2600

Edited July 9, 2023 by Upsidedown

[Midasfrog]

4 minutes ago, Upsidedown said:

Also to stay on topic I'd like to ask, does the possibility of milk spotting put you off from collecting bullion silver coins?

 

P.S. WEN 2600

Yes this is what put me off buying silver , proof coins going milky and lost premiums 

[Upsidedown]

Just now, Midasfrog said:

Yes this is what put me off buying silver , proof coins going milky and lost premiums 

Yeah. Coupled with the ridiculous premium AND vat.. I just can't do it

[Midasfrog]

1 minute ago, Upsidedown said:

Yeah. Coupled with the ridiculous premium AND vat.. I just can't do it

I kept the 5oz and 10oz silver proof QB Lion of England . Its still one of the best designs that the RM have produced recently 

[Upsidedown]

15 minutes ago, Midasfrog said:

I kept the 5oz and 10oz silver proof QB Lion of England . Its still one of the best designs that the RM have produced recently 

I still buy the odd thing I like in silver but I'm probably like 95% gold

[scotwasp]

2 hours ago, Midasfrog said:

When I started collecting coins I was focused mainly on silver 1oz proofs and 2oz Queens Beasts bullion.

The Lion of England 2oz silver bullion is the coin that first got me interested in collecting.

Is now a good time to get back into collecting silver and what would be the best series to collect from scratch ?🤔

 

2 hours ago, Midasfrog said:

When I started collecting coins I was focused mainly on silver 1oz proofs and 2oz Queens Beasts bullion.

The Lion of England 2oz silver bullion is the coin that first got me interested in collecting.

Is now a good time to get back into collecting silver and what would be the best series to collect from scratch ?🤔

I think now is a terrible time to collect silver, I think everyone on the forum should sell, especially 10oz bars , 1kg bars and 1oz Brits, everyone should sell now, get out quickly, take whatever is offered and sell while you can.

 I am so committed to this as an appropriate strategy that I might give consideration to buying whatever you are selling to help you on your selling journey.

just to be helpful of course. 🫣😁

[Stacktastic]

3 hours ago, Midasfrog said:

Is now a good time to get back into collecting silver? 

Yes and no. 

its still very cheap i think in relation to future spot prices - but Im not sure if it will ever break out. 
Personally I would buy silver under £18 per ounce as a compound basis. 

One major thing to consider is we are hitting a global financial reset & a potential serious recession. 
Silver is an industrial metal & if the economy stagnates it will. 

There is also a big possibility of a major deleveraging event in the markets. 
Most if not almost all silver is on paper as a derivative - so it will dump as well. 

I am foreseeing £15.50 prices again on major dips & £10-14 in a real crash. 
I'm no expert but what I see is the banking issue rise were very much emotional with silver. 
That also adds more to the deleverage thesis as longer term options expire as people might have bet on a bigger collapse. 

Edited July 10, 2023 by Stacktastic

[bobski]

18 minutes ago, scotwasp said:

 

I think now is a terrible time to collect silver, I think everyone on the forum should sell, especially 10oz bars , 1kg bars and 1oz Brits, everyone should sell now, get out quickly, take whatever is offered and sell while you can.

 I am so committed to this as an appropriate strategy that I might give consideration to buying whatever you are selling to help you on your selling journey.

just to be helpful of course. 🫣😁

You're doing gods work

[Upsidedown]

I'm forever seeing folk on YouTube explaining how silver will soon be 1000/oz

Thoughts?

Dis gon b gud

[NGMD]

I’m rather partial to Silver. There’s just more to look at (size,shape,design,collections)and more financially accessible. Look at Germania Mints offerings, occasion proof from RM (50/50) and glorious lumps like my Geiger 1kg Squares. More collecting than investment.

[bobski]

1 minute ago, NGMD said:

I’m rather partial to Silver. There’s just more to look at (size,shape,design,collections)and more financially accessible. Look at Germania Mints offerings, occasion proof from RM (50/50) and glorious lumps like my Geiger 1kg Squares. More collecting than investment.

I know I'm still fairly new to it relatively, But the fact i can handle a big piece of cheap silver and i have to crack the gloves out for a tiny bit of expensive gold that costs vastly more, just tips me towards silver. You can play with it.

 

Also, I'm on bottle 2 of wine and about to take a laptop apart. NEVER take advice from me.

[NGMD]

3 minutes ago, bobski said:

I know I'm still fairly new to it relatively, But the fact i can handle a big piece of cheap silver and i have to crack the gloves out for a tiny bit of expensive gold that costs vastly more, just tips me towards silver. You can play with it.

 

Also, I'm on bottle 2 of wine and about to take a laptop apart. NEVER take advice from me.

Exactly. You buy this stuff and hide it in a capsule and box. Proofs just need some touching….

[bobski]

9 minutes ago, NGMD said:

Exactly. You buy this stuff and hide it in a capsule and box. Proofs just need some touching….

If TSF still exists next month, I shall superlike this comment.

[GoldDiggerDave]

I see @SilverDrum is trying to trigger me🤣

 

The answer, you might as well buy silver now as it’s never been this  relatively cheap almost heading to worthless.  
 

Worthless in terms of the price of silver and the ever  decreasing buying power of the pound over time.   
 

you can buy almost anything else with your pound that has a use that doesn’t have a use by date and it will perform better than silver over a period of time.  
 

Buy 10 pairs of jeans today and you are likely to store more of your wealth in those than silver over a 10 year period, building materials, toiletries, home improvements, cigarettes etc. 

And cash in the bank since 1971 has outperformed silver over the same period of time. 
 

The only winners with silver is the tax man making his 20% and the dealer flogging it to you with their 18-20% dealer premium plus their £3.50 posting it…….the postman delivering it will make more posting it though the door over the same 10 year period. 

 

 

[Bigmarc]

Over a ten year period if you bought at its low and sold now at spot.

Silver from £9.18 to now is 95% 

Gold from £706 to now is £112% 

A bit dramatic comparing to jeans and also not true, I only wear gstar and they cost £100 back then, now about £120.

[silvergaga]

People should always buy silver. Buy it monthly and put it in a London Vault, and hope it doesn't go missing like the 500000 ASE's last week eh!

[ZRPMs]

I saw this topic and thought I might get some advise. I have just over a kilo of these coin's. Should I get more?

 

[ArgentSmith]

5 minutes ago, ZRPMs said:

I saw this topic and thought I might get some advise. I have just over a kilo of these coin's. Should I get more?

 

Speaking as a mentor I would say if you get the chance, back up the truck!

[ZRPMs]

3 minutes ago, ArgentSmith said:

Speaking as a mentor I would say if you get the chance, back up the truck!

Great news, As soon as I can ditch my dad I'll get some more of the royal coins. 

[Midasfrog]

1 hour ago, ZRPMs said:

I saw this topic and thought I might get some advise. I have just over a kilo of these coin's. Should I get more?

 

Beautiful coin 😃 I would super love this but have run out of reactions 😍

[Zhorro]

1 hour ago, ZRPMs said:

I saw this topic and thought I might get some advise. I have just over a kilo of these coin's. Should I get more?

 

It is best to diversify - maybe get some of these:

[Midasfrog]

3 minutes ago, Zhorro said:

It is best to diversify - maybe get some of these:

If the BBC struck coins they would look like this 😁

[Agaupl]

Brings back memories 😭