I don’t believe in silver

[jackflash123]

Just now, BipolarStacker said:

Movies don’t lie pal 😂

also when I first started looking into it I was looking at each country gold reserve and if the people running the world hord it and kill innocent people to invade for it then it must be important then I looked at fort Knox and it said any photos you will be shot or some terrible like that so I was like this stuff must need to be bought and collected so that’s what got me hooked as I hate the system so F them I’m doing what they do but in a really really really smaller way 🤩

Yeah movies don't lie everyone knows that 😆

They're actually more like manuals for life, with truths scattered throughout them. 

And your bang on, if the people who are running the world store and guard their gold, and impose harsh penalties for even taking photos of where its stored, then we should be doing the same.

Do what they do, not what they say!

 

[BipolarStacker]

Just now, jackflash123 said:

Yeah movies don't lie everyone knows that 😆

They're actually more like manuals for life, with truths scattered throughout them. 

And your bang on, if the people who are running the world store and guard their gold, and impose harsh penalties for even taking photos of where its stored, then we should be doing the same.

Do what they do, not what they say!

 

Amen I love that saying 

 

do what they do not what they say 

 

knew Tatoo pending 👌

[jackflash123]

Just now, BipolarStacker said:

Amen I love that saying 

 

do what they do not what they say 

 

knew Tatoo pending 👌

Yeah great idea for a tattoo 👍

It's so true though. That's my philosophy and how I try to live my life 👍👍👍

[BipolarStacker]

Thanks for everyone’s input appreciate the conversation and hope to do buisness with you all one day 👌

[ZRPMs]

As most here I have a bit of silver. To be totally honest I don't know why, but I like to keep in-between 12/1 and 8/1 silver to gold, I think someone mentioned that coming out of the ground there is 8 times more silver to gold and it's stuck in my mind. My gold is in the form of coins and mostly sovereigns and the silver I have is mostly in the form of bars. I do prefer the kilo bars to the ounce coins though. The issue I have with silver is the premiums and the VAT. I do try to keep an eye on the average cost for both gold and silver.

As some interesting metrics, Currently I'm at £1,627.96 oz on my gold and £20.08 oz on the silver. Also whilst I have 9.58 times more silver weight than gold, my gold value is 8.92 times more at spot prices than the silver.

I just think silver as an industrial metal is too useful for industry to be allowed to get too pricey as an investment metal. Gold on the other hand as a tier 1 asset I think is the one to stack.

 

Edited April 24 by ZRPMs

[HonestMoneyGoldSilver]

The Pearson's r coefficient between gold and silver ranges between a moderate and very strong positive correlation depending on the period in question. In general terms:

• A correlation coefficient between 0 and 0.3 (or -0.3) is considered a weak correlation.
• A correlation coefficient between 0.3 and 0.7 (or -0.3 and -0.7) is considered a moderate correlation.
• A correlation coefficient between 0.7 and 1 (or -0.7 and -1) is considered a strong correlation.

Over the last 20 years the gold/silver correlation coefficient has been >0.7, meaning gold and silver prices have been strongly correlated over that period. Over the last 45 years gold/silver have at a minimum been moderately correlated throughout with extended periods of strong correlation

In plain English: you can't stack gold and claim silver isn't an investment without committing a logical fallacy - i.e. calling silver a "non-investment" by default also makes gold a "non-investment" due to their strong correlation. Declaring you stack gold while simultaneously dissing silver and calling it "a waste of money", is essentially dissing yourself

Over the last 3 months in GBP, gold is up 17.32% while silver is up 22.29%

---------------------------------------------

Commander Locke: Damnit, Morpheus, not everyone believes what you believe.

Morpheus: My beliefs don't require them to.

---------------------------------------------

What else can we say about silver? Lots of things as it happens with silver acting as a proxy for global growth, mirroring the performance of Chinese GDP. Would we say that the MSCI Emerging Markets Index is an "investment"? Hmm, I guess it depends if we base our conclusions on personal opinions or observable facts

 

Hmm, interesting. Is there any reason why silver should behave in this manner as a lagged proxy to Chinese GDP? Funny you should ask, there is:

 

The price of silver is correlated to Chinese GDP and the manufacture of solar panels and batteries, which China has a virtual monopoly over. Well that's a strange coincidence. What would be really weird is if I told you the Chinese are starting to stack silver, like you said nobody would do. The US military are also stacking silver. That's all very odd for a metal they don't believe in. What would really seal the deal is if silver had a superior blend of performance metrics to any other naturally occurring substance that makes it ideal for certain applications. Silver has the highest conductivity of any metal, the highest reflectivity of any metal, is both ductile and malleable along with having antibacterial and catalytic properties

 

I guess that seals the deal then, silver is officially an investment

FWIW @BipolarStacker, my money would be on @Earthmetal 👍😁

 

 

 

 

 

[Roy]

Like, laugh and thanks emoji  😊

[Roy]

13 minutes ago, HonestMoneyGoldSilver said:

Silver has the highest conductivity of any metal, the highest reflectivity of any metal, is both ductile and malleable along with having antibacterial and catalytic properties

I didn't know this property? Please save me looking it up 😊

[kimchi]

21 minutes ago, HonestMoneyGoldSilver said:

The Pearson's r coefficient between gold and silver ranges between a moderate and very strong positive correlation depending on the period in question. In general terms:

Wassat for those of us who are not rocket surgeons?

[HonestMoneyGoldSilver]

5 minutes ago, kimchi said:

Wassat for those of us who are not rocket surgeons?

The Pearson's correlation coefficient (r) measures the strength and direction of the linear relationship between two variables (the prices of gold and silver). A correlation coefficient of 0.7 to 0.85 indicates a strong positive linear relationship between the two variables, meaning that as the price of one metal (gold) increases, the price of the other metal (silver) tends to also increase and vice versa

[kimchi]

10 minutes ago, HonestMoneyGoldSilver said:

The Pearson's correlation coefficient (r) measures the strength and direction of the linear relationship between two variables (the prices of gold and silver). A correlation coefficient of 0.7 to 0.85 indicates a strong positive linear relationship between the two variables, meaning that as the price of one metal (gold) increases, the price of the other metal (silver) tends to also increase and vice versa

Many thanks! You could have left it after the first sentence tbh, I am not completely supine stupin d**k turpentine dumm you know! 

Edited April 25 by kimchi

[stefffana]

6 hours ago, HonestMoneyGoldSilver said:

The Pearson's r coefficient between gold and silver ranges between a moderate and very strong positive correlation depending on the period in question. In general terms:

• A correlation coefficient between 0 and 0.3 (or -0.3) is considered a weak correlation.
• A correlation coefficient between 0.3 and 0.7 (or -0.3 and -0.7) is considered a moderate correlation.
• A correlation coefficient between 0.7 and 1 (or -0.7 and -1) is considered a strong correlation.

Over the last 20 years the gold/silver correlation coefficient has been >0.7, meaning gold and silver prices have been strongly correlated over that period. Over the last 45 years gold/silver have at a minimum been moderately correlated throughout with extended periods of strong correlation

In plain English: you can't stack gold and claim silver isn't an investment without committing a logical fallacy - i.e. calling silver a "non-investment" by default also makes gold a "non-investment" due to their strong correlation. Declaring you stack gold while simultaneously dissing silver and calling it "a waste of money", is essentially dissing yourself

Over the last 3 months in GBP, gold is up 17.32% while silver is up 22.29%

---------------------------------------------

Commander Locke: Damnit, Morpheus, not everyone believes what you believe.

Morpheus: My beliefs don't require them to.

---------------------------------------------

What else can we say about silver? Lots of things as it happens with silver acting as a proxy for global growth, mirroring the performance of Chinese GDP. Would we say that the MSCI Emerging Markets Index is an "investment"? Hmm, I guess it depends if we base our conclusions on personal opinions or observable facts

 

Hmm, interesting. Is there any reason why silver should behave in this manner as a lagged proxy to Chinese GDP? Funny you should ask, there is:

 

The price of silver is correlated to Chinese GDP and the manufacture of solar panels and batteries, which China has a virtual monopoly over. Well that's a strange coincidence. What would be really weird is if I told you the Chinese are starting to stack silver, like you said nobody would do. The US military are also stacking silver. That's all very odd for a metal they don't believe in. What would really seal the deal is if silver had a superior blend of performance metrics to any other naturally occurring substance that makes it ideal for certain applications. Silver has the highest conductivity of any metal, the highest reflectivity of any metal, is both ductile and malleable along with having antibacterial and catalytic properties

 

I guess that seals the deal then, silver is officially an investment

FWIW @BipolarStacker, my money would be on @Earthmetal 👍😁

 

 

 

 

 

Thank you, mate!

Finally, someone explained logically that I am not a moron and my stack is wisely balanced at 1:1 gold and silver value.

I will drink a goblet of wine "à votre santé"!🤗

 

 

[ArgentSmith]

8 hours ago, ZRPMs said:

I just think silver as an industrial metal is too useful for industry to be allowed to get too pricey as an investment metal.

Great post except I don't get the logic how demand and utility would keep a lid on prices unless we have a command economy. Have read this idea before on the forum. Profit is the only incentive to mine/recycle miners don't care if someone else wants cheap Silver.

[ZRPMs]

4 minutes ago, ArgentSmith said:

Great post except I don't get the logic how demand and utility would keep a lid on prices unless we have a command economy. Have read this idea before on the forum. Profit is the only incentive to mine/recycle miners don't care if someone else wants cheap Silver.

In free market conditions I totally agree. Demand and utility would push the price up. However, with the amount of vested interest in the commodity by big business it's never allowed to get too expensive. We all agree, I feel, that the markets are manipulated. I'm not suggesting a conspiracy by one or two all powerful actors but more of a flow or direction of big industry and the financial markets. In this real world case, it's utility to them to make a monetary gain is far to important to allow the control of the price to be run as it would in a free market. Sounds counter intuitive but how do we explain it's real world suppression. I'm sure @HonestMoneyGoldSilver could produce a short dissertation or thesis on the increased uses of silver as an industrial metal in our ever increasing march towards a digital utopia and EV's. Yet silver is still languishing where it is price wise. 

As for " Profit is the only incentive to mine/recycle miners don't care if someone else wants cheap Silver." Your right But it's mined along side other metals and if we look at the production cost to the price of silver. It would seem that it's never allowed to get too far above it's production cost. Controlled in the financial markets. If the price drops below production cost miners hold till markets increase the price. Then to obtain funds locked up in the physical stock, will release when price goes close or above production cost. 

In short, Lots of moving parts and parties involved in silver, too many to allow the small number of investors to push the price up. Just my thoughts. feel free to disagree. 

[Aldebaran]

12 hours ago, James32 said:

Was entirely silver until 2 years ago, then started stacking gold. That bug bit very deeply 😆 so now I'm heavy on both metals. But speaking solely in £ terms, I've around 5 time's more gold than silver. I don't have any special ratio tbh, if its a good price whether silver or gold, I'm likely to buy.

Gold has always had an incredible draw - I guess that it always will 🌞

[ArgentSmith]

1 hour ago, ZRPMs said:

Demand and utility would push the price up. However, with the amount of vested interest in the commodity by big business it's never allowed to get too expensive. We all agree, I feel, that the markets are manipulated.

 

1 hour ago, ZRPMs said:

feel free to disagree. 

Above is the only point I disagree with, the elephant in the room is silver production as a bi product of copper mining. However if prices are artificially suppressed for an extended period the result is always shortage. If Silver is moving east as is gold then the Comex (crimex) would soon run out of silver to deliver, which may happen but the price would react violently.

[ZRPMs]

2 minutes ago, ArgentSmith said:

1 hour ago, ZRPMs said:

Demand and utility would push the price up. However, with the amount of vested interest in the commodity by big business it's never allowed to get too expensive. We all agree, I feel, that the markets are manipulated.

 

1 hour ago, ZRPMs said:

feel free to disagree. 

Above is the only point I disagree with, the elephant in the room is silver production as a bi product of copper mining. However if prices are artificially suppressed for an extended period the result is always shortage. If Silver is moving east as is gold then the Comex (crimex) would soon run out of silver to deliver, which may happen but the price would react violently.

That's Absolutely fine my friend. At the end of the day, Folk should make up their own mind for their own reasons. And to perhaps give your point of view more weight, I'm no finance expert, I'm just an average Joe in a rural part of the UK that likes to collect a few sovereigns and I suppose my bias lies there.

[stefffana]

23 hours ago, ZRPMs said:

....... the silver I have is mostly in the form of bars. I do prefer the kilo bars......

 

Yeah, we know that! I've seen you playing with @James32 some silly games recently... 

Always be careful when James is throwing kilo bars, mate! You are not the first one who was hit hard by his silver!

Just sayin'....😊

 

[SilverPlatinum]

On 24/04/2024 at 13:49, BipolarStacker said:

My personal opinion I really don’t believe in silver doing anything for future wealth with investment 💰 I think silver is more collecting because you like look of coin/bar 

 

what’s everyone’s opinion ?

I have to disagree with you.....I would classify silver into 2 categories, Bullion and Numismatic.

Bullion: Better protection against inflation and against governments. Look what happened in South America when some countries went bankrupts, and look at some countries in the Middle East and Africa, all their local currencies have devalued multiple times. However, the people who kept their wealth in Precious Metals (Gold/Silver) were not effected by this, and I have many friends from some of those countries who appreciated the precious metals and how it saved their wealth when everyone else was crying.

Numismatic: Certain coins will bring much more value beyond their intrinsic value, I can bring many examples from many mints which those Numismatic silver coins/rounds/bars are selling for unprecedented amount on eBay.

So for me, Silver💝 is a key investment.