Search results

Because I honestly don't understand: what difference will that make? The strength, or otherwise, of the British pound isn't shored up by the fact that London hosts the LBMA. So why will China be 'stronger' if it houses the largest gold exchange? Or, what will that do to the price? The only...

He is one of the few here that post data rather than anecdotes and the speculative reasoning based on them.

Thanks for that link. I could never understand, not being a financier, why he sold the gold at the bottom. I could tell it was deliberate, because he acted in a way as to ensure he got the lowest price possible. I never understood why though. A simpler way would have been to just write off the...

I thought Germany had given up on getting it back now. Apparently, it's fine to leave it in New York...

My son found a Morgan dollar in the yard outside our house. Which is even weirder when you realise we live in England!

I, frankly, don't really understand how to use crypto currencies yet. I don't invest in things I don't think I understand, so I won't buy these for now - especially at that mark-up.

Gordon Brown raided UK pensions years ago, so a precedent has been set.

Not sure. Mild uptick (one tenth of one percent) in UK inflation rate released this morning...

Melt it down. Then at least you'll get spot!

I store mine at the bottom of a lake. Not on purpose, mind - it fell off the boat as we were loading it, accident see, and I thought it was too much trouble to go down to get it. Plus, I figure no-one will find it there. All good.

That's what I do, living in the UK, where silver is taxed. I have enough in hand for my own purposes, the rest is stored outside the country.

Pirocco speaks the truth. But, I'd say buying either right now is swimming against the stream. Which is why I am, buying a bit of both, a bit at a time. Pound-cost averaging on the way down with any spare fiat I have. Contrarian-investing, shoe-shine boy / blood in the streets, etc., is the...

Look forward to it. I'm in my accumulation phase, so falling prices is a good thing. Only comes with mild regret that I started a year ago. But I can, to a degree, keep 'doubling down' as the price falls. Pound-cost averaging!

I dollar-cost average and, thus, let the GSR indirectly balance my purchases.

Indeed. Having obtained enough for my immediate needs, I now no longer import silver but buy it in allocated, segregated storage overseas. That avoids VAT until such time as I need to import it -and I may never have to. I could ship it to an overseas address (if I left the country) or sell it...

Quite. It is just a descriptor. But I don't really see why we should see any reversion to the historical mean, or beyond. The 'old' mean reflected a time when silver and gold were monetary metals. Arguably, gold still has a monetary function, but silver does not anywhere I'm aware of.

I based my calculations on the premise that their current monetary base is backed by gold to 7.7%, as advertised, and that the reported volume of money is as quoted. of course, if those numbers are inaccurate, the calculations will be too.

Don't know, but I use it to guide the ratio of my purchases. Not my holdings, mind; I don't think I'll start swapping one for the other because I'm unsure now about the validity of the ratio and the perceived fundamentals - in short, I don't see any strong reason why we should have a reversion...

Well spotted, old chap.

Thinking about this... Aloud, as it were... What if, rather than buy the necessary gold in to back it 20%, what if they just raised the price of gold by 12.3%, as measured in ChF? That would mean they could provide a 20% with their current holdings, and it would significantly devalue the ChF...