Has the secondary silver market hit the market saturation point.

[treetop1280]

And to go completely off topic , here is a family home cooked meal 

[Upsidedown]

Just now, treetop1280 said:

And to go completely off topic , here is a family home cooked meal 

I can hear this picture.

Sounds like radio static, distant explosions and air raid sirens

[James32]

7 minutes ago, treetop1280 said:

And to go completely off topic , here is a family home cooked meal 

Super noodles would be an upgrade ffs

[Roy]

33 minutes ago, treetop1280 said:

And to go completely off topic , here is a family home cooked meal 

Is that cheese Kerrygold?

I think that common or garden 'stacking silver' has reached saturation point, yes.

Collectors will buy, and pay, regardless.

[treetop1280]

1 minute ago, Roy said:

Is that cheese Kerrygold?

I think that common or garden 'stacking silver' has reached saturation point, yes.

Collectors will buy, and pay, regardless.

No chance Roy , I’m a member on the peasant hangout ,  so it will be Aldi  own brand , 50p a kilo stuff , and Aldi beans , but I went big time in the tinned fish , got that from Asda 👍

[Roy]

It's an interesting dish, nutritious and delicious nonetheless 😋 

[Agaupl]

45 minutes ago, treetop1280 said:

And to go completely off topic , here is a family home cooked meal 

I had no idea rationing was still in place 

[treetop1280]

Just now, Roy said:

It's an interesting dish, nutritious and delicious nonetheless 😋 

You know what roy ??? Thank you very much , I often put pictures of food on the  forum , not the prettiest of stuff , but still ok as a late supper 👍

[treetop1280]

1 minute ago, Agaupl said:

I had no idea rationing was still in place 

That will do the wife and the 8 kids a couple of days ??? Spoilt they are ,??😀👍

[bluemoon]

I like clowning around as much as the next guy, but this is an important subject that TSF itself has an interest in. Can I be a party pooper and ask that we talk more about that?

[James32]

28 minutes ago, bluemoon said:

I like clowning around as much as the next guy, but this is an important subject that TSF itself has an interest in. Can I be a party pooper and ask that we talk more about that?

OK back to the subject at hand.

Any suggestions?

Do we abolish cheap silver and only buy above £25oz ( where it possibly should be )

Do we ignore the topic and continue buying as cheap as it gets whilst compounding the problem over and over. 

Thoughts please.

[cjbcomm]

2 hours ago, Fenlander1 said:

And yet another thread to gauge the feeling on a serious subject that affects all silver stackers and collectors gets derailed 

Thanks to all those who took part.

I will close this now

You may not be able to close it but at least we can unfollow it. It started well but is now just nonsense

Edited March 19 by cjbcomm

[Upsidedown]

9 minutes ago, James32 said:

OK back to the subject at hand.

Any suggestions?

Do we abolish cheap silver and only buy above £25oz ( where it possibly should be )

Do we ignore the topic and continue buying as cheap as it gets whilst compounding the problem over and over. 

Thoughts please.

I think Chris should automatically take 20% from silver sales then submit the total to HMRC

😁

[Fenlander1]

15 minutes ago, James32 said:

OK back to the subject at hand.

Any suggestions?

Do we abolish cheap silver and only buy above £25oz ( where it possibly should be )

Do we ignore the topic and continue buying as cheap as it gets whilst compounding the problem over and over. 

Thoughts please.

The thread was to find out if people thought the market was at a saturation point, its irrelevant what has caused it.

If it is the case it is no longer important where the price point is as any investment returns would take years to realise at any price.

Whether vat has been paid or not has no bearing now it has happened and those 1000s of ozs will be floating around for years to come and as @James32alluded too if we carry on in the same way we are only compounding the issue. But nobody will be paying £25oz for a few years to come unless silver miraculously heads for the moon.

Collector pieces are a totally different animal but we are now seeing and influx of those items now from the same sources which will only have the same affect to that market in the long run.

it is my personal opinion from studying the secondary silver market that silver as an investment metal is no longer a viable option due to the influx and for me personally and will only be buying pieces that interest me but I will be a little more selective about the sellers I use going forward as I believe the bigger long term picture is important to all.

There will always be those that think cheap is best and thats a personal thing but in my experience some find it hard to see a bigger picture and will be happy flipping for a small gain regardless of anyone else.

11 minutes ago, Upsidedown said:

I think Chris should automatically take 20% from silver sales then submit the total to HMRC

😁

Read the room

 

[NGMD]

£1

[Upsidedown]

Bump

[Fenlander1]

It's feking pointless 

[NGMD]

Collector coins and no stacking. Damage is done and a few just compounding the problem for the quick buck.

[Tn21]

There has been occasions where standard bullion Brits for example were hitting the £27+ mark here on the forum. 

Yes we are flooded with silver and gold for that matter here on tsf but I think come May June time there will be more appetite from buyers.

It's every dog,woman and child for themselves and to set a market rate for ag won't work. The cheapest will always prevail. 

[Fenlander1]

40 minutes ago, Tn21 said:

It's every dog,woman and child for themselves

Good to know

[HonestMoneyGoldSilver]

Summary - Santa and his horde of mass migrated worker elves have ruined the silver market by not paying VAT

An unnamed hero on an ancient BMX from 1690 is using the force and a touch of red diesel to fly them back to Lapland

The elves that escaped are busier than ever as Darth HMRC is buying silver from them to use as Christmas presents for every member of TSF

Silver is now free, everyone is happy, problem solved, except for one kid from Londonderry who still can't afford the free silver
 

[Spark268]

I have got a cracking solution to this wonderful thread.

how about two trading sub forums? Like the graded versus ungraded we have now.

Free Market Trades

Trades more or less as it is now. Prices rise and fall based on free market supply and demand.

Price-Controlled Forum

This is where prices are limited to spot + 40 %, it is acheived to limiting quantities to 10 oz per month maximum, with one exception for the chap who wants to offload the monster box.

The ability to trade is based on your nationality, ethnic origin and where you went on holiday in the rolling 12 month period, based on the stereotypes associated with that specific region. These stereotypes will be determined based on an annual forum poll.

 

there - everyone should be happy !

[GoldDiggerDave]

The free market will always determine the true price of all goods and services that are not subsidised.  Anyone can sell what they want wether  some think its too high or two low.

If the long term secondary market is looking around £20 per oz then thats the price,  this will lag behind the spot price as those buying have been programmed that around £20 is the true  price.   The only thing that will change this for silver if theres a significant and sustained spot increase....I'd have to say it would need to increase 30-40%  at spot for a sustained period of time to drag the secondary market up to the mid/high £20's again. 

Off topic, reflects the bigger issues.............

I've been watching the housing market closely and in the process of buying a house,  theres several 4 bed detached recently built in the last 5 years that I'm following.    If you think silver is a race to the bottom then you need to have a look at some houses,   theres one house thats now dropped 30k  in 12 weeks, this has had a knock on effect with the other 4 beds on the estate as they have all had to follow suit as they are not selling.

Watching a 3 bed semi been up for months not moved only for both neighbours either side to put theirs up 25% LESS than him....Painful he might as well take his off the market as he's making the other two look cheap now. 

This is not the case for all houses in all areas,  just highlights certain peoples need to get out of their positions, that have a knock on effect in their local market, just like TSF and FB pages.   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[GoldDiggerDave]

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Edited March 20 by GoldDiggerDave

[James32]

Just now, GoldDiggerDave said:

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