Different year 1 oz silver Kookaburras sell at a similar price at many dealers. But the 1 oz gold Buffalo coins sell with 100 to 200 USD difference between different editions (years). Although, they are all the same design.
I like to call this video "How I learned to stop worrying and love spot price" Just sit back and keep stacking folks. 10oz in six months and not slowing down anytime soon. 100oz of fractionals here we come!
If it starts correcting even more than $200 US so what?--you are stacking more on this lower prize. if you've got 10 to 20 years ahead of you-you don't worry;if you want to make money in 6 month,and you are afraid to lose couple of hundred bucks go on holiday-at least you won't be stressed.I'm stacking
I don't touch silver at the moment with exception panda coins-I don't think personally Ag is the good investment at the moment/I'd like to be wrong/.
Silver was $14.56 on the 19th December 2018. https://www.usagold.com/reference/prices/silverhistory.php?ddYears=2018 At that time, no one was asking whether silver was a good investment. The sentiment at that time was.... ok....still sideways.....so let’s check again 1 year later. A year ago, everyone was waiting for $13 silver. Today some of us are waiting for $15 silver. Come Dec 2020, I’m sure some of us will be waiting for $17 or $18 silver. https://www.silverstackers.com/foru...r-look-like-to-you.87165/page-15#post-1070111 I posted this in Feb. Now.... https://www.finews.asia/finance/30493-china-s-huge-dollar-bond-default-provoke-fears Owned by the Tianjin government. Anyone seen the mini-Manhattan built in the outskirt of Tianjin? https://www.scmp.com/news/china/eco...owth-chinas-manhattan-remains-cautionary-tale Just a look at how many super tall buildings being built, or already built in Tianjin, a tier-2 city that most of you here probably haven't even heard of. https://thetowerinfo.com/tallest-buildings-in-tianjin/ The 530 Meter Tianjin financial center, taller than any building built in Europe (include Russia). By the way, real building, not graphics rendering. This building is located in another township project in Tianjin, mini-Manhattan is not the only project.
price peak at 2011, now is about 2020 in 12 days the decade of down trend is about to complete for silver, buy before it come to THE END
Yes, that's a possibility, silver could go all the way down to those sub-16 $ levels. It's highly volatile, so it will probably bounce between 10-25 $ for a while - that's a possibility. I think. The terrible slowdown seems like it's keeping silver down. I've read several articles pointing out to (indeed) lower industrial demand: https://www.forbes.com/sites/greats...-production-demand-gdp-dynamics/#44d08e48406b https://www.mining-technology.com/features/inefficient-and-uncertain-is-silver-losing-its-lustre/ The silver institute on demand (more details here) - overall, production and demand are all higher (here, according to them, at least): https://www.silverinstitute.org/silver-supply-demand/
So, it's a volatile gamble. Or are you rationally bullish? The slowdown will make its price decline further. Paper silver is worse, it manipulates the entire market.
the bottom is near ending, slowdown would not have big impact, the other side of the world have plenty of people bought to be forgotten, it could be a long way up
Why do you think the bottom is almost ending? Yes, there "could be" a long way up, but strong bullish forces are needed.
Why do some of us buy physical gold? To make money? No. I don't buy gold to make money, but only to hedge against inflation. Gold has been rising since 2000 because many governments around the world no longer charges GST or VAT on gold bullion. But what if governments decide to charge GST? Will you buy gold coins and bars if you need to pay 10% GST or 18%-25% VAT (Europe). The current Singapore GST is 7%. I don't know about you, but if I need to pay 7% GST on gold, I'll stop buying gold. Ownership of gold doesn't correlate to economic power, otherwise India will be the richest country in the world. Every Indian probably owns 2 ounces of gold in the form of jewellery and gold in temples, and there are 1.4 billion Indians - 100,000 tons. If there's a mad rush into gold, it won't benefit any government since gold is dead money.
Most of what my father collected for scarcity from the 60s to early 90s has reverted to spot prices. Even if you're good at picking numismatic historical significance it's still going to be one of the worst investments possible. Gold has failed to hedge inflation and that's very unlikely to change. About the only thing going for it is it's being a reasonably good hedge during recent booms and busts.
This is a great video. Straight to the point, no time wasting beating round the bush. Have you seen his GSR video? This was posted in March 2018. He advocates that Silver is a good buy over a 10 year period if premiums can be limited to 10-20% and the silver is bought when the GSR is a high level, like over 72.
