In Singapore, money counts, but this is also the case with many countries running on a capitalist system, only more so in Singapore. There's a saying pay peanuts and get monkeys. I go to the post office often and talk to them asking them about delivery schedule, the answer is always only registered mail guarantees delivery, normal post delivery is "not guaranteed". They won't say the mail is stolen or lost, just no guaranteed. There's actually a third possibility - https://www.reddit.com/r/singapore/...ost_postman_caught_throwing_away_hundreds_of/ Also, even if the item really gets delivered, for normal post parcels, it's common for items to take 5-7 working days to deliver. it's really strange if you consider that driving from 1 end to Singapore to the other end only takes 45 minutes.
Okay, but letters are cheap paper not expensive products, so that third possibility in the latter case is in "our" case quite unplausible - no postman would throw away for ex a box silver coins. He'd open the boxes to look what's inside and sell it instead, a thief thus.
The forward component in silvers spot price is at the moment very low. http://www.cftc.gov/dea/options/other_lof.htm =FINVIZ http://www.cftc.gov/dea/futures/other_lf.htm http://www.kitco.com/charts/historicalsilver.html http://www.kitco.com/LFgif/ag2018D.gif http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx 28/08/2018 1417 $14.90 Producer/Merchant/Processor/User Long 22526 Short 41538 SwapDealer Long 53074 Short 32645 ManagedMoney Long 60430 Short 96135 OtherReportables Long 26110 Short 7003 SmallTraders Long 32197 Short 17016 A fake order of just 1417 x 5000 = 7 Moz. Last time this low was begin april 2018, abit higher then. green or sum red+blue The price went always higher after such a low, due to hedge retaking. Big silver stocks (Comex depositories rose again, till nearly a 300Moz record, yet no hedging, at least not on the silver market, a silver position could be hedged along another market too, one that typically goes inverse with silvers. Due to the near to zero, it is possible to graphically recognize which data finviz.com is using, and unlike I thought before, it's not futures but futures and options combined. So I guess I should have tracked that instead. The difference is small though.
Australian dollar is sinking faster so any dip will be cushioned. Think back to when gold was $2000 usd and AUD was at parity with USD, we didn’t see much gain in gold prices
A month ago I decided to buy silver, paid 15 euro per ounce, and now the cheapest coins cost 14.10. Sucks to have made a bad decision once again. Way better than the 2011- decisions, but still, to correct it in any worthy degree, can't permit to miss the best opportunities. At 30 kilo total, that's having paid 1000 euro too much on a total of 14400. That's 7%, which counts...
That is just how it is. Every time I buy silver the price drops a few days later. All I can do is keep on buying all the way down.
Never mind Yuri, you are doing the right thing in the long run. _JOHNLGALT. Latest S/G ratio (but who is counting?).
Pretty amazing aye JohnG. It is the highest i can recall for quite some time. My precious $13 is coming and then it is game on again.
Since i have been really into metals 80/1 is the highest i have seen. EDIT:I just had a quick look at some charts and it appears it has been as high as 100/1 back in 1998 but that was before my time in metals.
Depends on the timeframe, on a 20 years to 30 years timeframe, doesn't matter if it's $20 or $13, at least for bullion. All electronics breakdown, and the silver used is usually so little, and so cheap, it's not worth recovering. I read that solar panels have got a 30 year lifespan but good luck with that for panels made in China.
I bought 100 oz 2 weeks ago because a local dealer is selling new 10 oz heraeous bars at 3% premium. I took a week to make the decision because we all know that Silver can fall further because it hasn’t capitulated. If you watch Ray Dalios interviews, he said 2 months ago that a diversified portfolio is important. Actually I agree. A diversified portfolio is not just an investment strategy but because it helps psychologically and clears the mind.
It still hasn’t capitulated yet. BS cutting loses knowing full well there is a long way down to go. It's time like this to stack cash!
If "knowledge" doesn't help to make "right" decisions, at least it helps to make "less wrong" decisions, just ask all those that purchased at $16-20 in the period 2014+. I didn't...
Incorrect. Profit is made when you buy, not when you sell. Purchase price is the most important factor as to how much - and whether or not you will make profit - on any investment (stocks, houses, metals, business, etc etc). I agree that either $13 or $20 are both fine prices for silver, but to say they are the same if fallacy.
