Golden time to buy Silver!

[Oldsoul]

I don't own any PMs as they fell off a boat...They are a hedge against government.....however in theory they could be held to bypass inheritance taxes for dependents in their physical form and require no management fee or legal process or electronically auditable mechanism to transfer. Neither does their value depend on the existence or co-operation of any particular institution. Naturally enough I find your question regarding forex daft. To attain real forex floor rate you would have to move enough cash to attract a great deal of attention.....equally as you are aware since you are fluent in markets and using them you know what a W8 is.

So in essence since local property and cars are valued in Euros their is no harm in using that to gauge the increase in golds value either is there? And a lump of gold bought 12 months ago in the EU gets you 19% more property - ff not more in many countries.

That is a simple example.

Have you ever bought property 'under the table'? Not everything needs to get converted back to currency.

I'll try again. Gold went up 19% If you bought it in Euros. Euros buy assets denominated in euros like land and houses. These did not go up in most Eurozone countries.

What do you think PMs are supposed to do and why exactly would you doubt the utility of physical gold in the current context of the Euro or for example the ruble in the last 12 months?

Sorry I don't know what a W8 is specifically but I take it that you an American in Europe (I'm Aussie)

Plenty of brokers and instruments to trade forex to get a better rate.

I've never bought property under the table.

Oh I totally agree with you in not needing to convert back to currency. We absolutely sing the same song there and probably would even finish each others sentences.

Now to your bigger question... (can't answer it in full though)
Physical precious metals... yep hedge against government i.e. inflation, insurance/protection against fiat collapse, money that's indestructible (fits definition), undervalued historically and relatively.

I never doubted the utility of gold in the Euro context. I get you understand relative values ie. gold going up and property staying the same.

Going on...
Historically the fiat empire can only really move in one direction but have various effects... that is greater indebtedness. That much is inescapable. So I tend to use facts like a detective. What happens to a fiat empire with increasing amounts of indebtedness?.... etc. etc.

My belief is using this logic, "the rest is rather elementary".

My nationality is ubiquitous and I live in several countries. I am not American.

If you have never filled in a W8ben it is highly unlikely you have ever traded US stocks on the Dow, S&P, Nasdaq or certain ETFs or understand US withholding tax. If you have you should look it up as a mater of urgency.

Good night.

 

[House of Commons]

This is my first post on here. I started buying Scotia Bank 10z bars 2 months ago and have $2000CDN so far and it's the first time I have saved real money. From a new point of view $16 US / oz seems like a insane bargain and I have a feeling one day (like all those 70yr old guys now) we will say man it was so cheap now it's 100x that... I hear that all the time regarding gold.

 

[Stacked]

This is my first post on here. I started buying Scotia Bank 10z bars 2 months ago and have $2000CDN so far and it's the first time I have saved real money. From a new point of view $16 US / oz seems like a insane bargain and I have a feeling one day (like all those 70yr old guys now) we will say man it was so cheap now it's 100x that... I hear that all the time regarding gold.

Welcome House Of Commons and well done

 

[SpacePete]

Its interesting to think that eventually there will come a weekend that will be the last weekend for sub-$21 (AUD) silver and we will truly look back at those days as a golden time to buy silver while some people will look back in regret at the lost opportunity while they waited for the next promised low that never eventuated.

Many months later and silver is still sub-$21 AUD.

I wonder if this price range is the new normal?

 

[sammysilver]

Its interesting to think that eventually there will come a weekend that will be the last weekend for sub-$21 (AUD) silver and we will truly look back at those days as a golden time to buy silver while some people will look back in regret at the lost opportunity while they waited for the next promised low that never eventuated.

Many months later and silver is still sub-$21 AUD.

I wonder if this price range is the new normal?

This thread is a little of a year old, and I posted comments similar to this up to two years earlier.

I think this sub $21 spot has given many stackers the opportunity to accumulate. Many stacks appear to have consolidated also, with stackers whittling down their range of coins and bars whilst increasing the count. During this flipping period, most trades have had a constant differential.

I sense we are on the cusp of a breakout and I will feel hard done by if it is sooner rather than later. This because I think spot may increase three or fourfold and I would feel cheated buying fifties at $35 each when at the moment I'm happily buying them at $8.

However, this golden time must end so when too much silver is hardly enough, I will be robbing Paul to pay Peter (for silver).

 

[Court Jester]

Its interesting to think that eventually there will come a weekend that will be the last weekend for sub-$21 (AUD) silver and we will truly look back at those days as a golden time to buy silver while some people will look back in regret at the lost opportunity while they waited for the next promised low that never eventuated.

Many months later and silver is still sub-$21 AUD.

I wonder if this price range is the new normal?

This thread is a little of a year old, and I posted comments similar to this up to two years earlier.

I think this sub $21 spot has given many stackers the opportunity to accumulate. Many stacks appear to have consolidated also, with stackers whittling down their range of coins and bars whilst increasing the count. During this flipping period, most trades have had a constant differential.

I sense we are on the cusp of a breakout and I will feel hard done by if it is sooner rather than later. This because I think spot may increase three or fourfold and I would feel cheated buying fifties at $35 each when at the moment I'm happily buying them at $8.

However, this golden time must end so when too much silver is hardly enough, I will be robbing Paul to pay Peter (for silver).

is that a new quote for my signature Sammy?

Why must it end? 80% of silver is mined as a byproduct and even the mines that are primary silver mines the majority of them still have a cost below the current spot price.

there is nothing to pressure prices up. anyone buying silver currently is a FOOL there are far far better investments to be had currently.

For example I have made a killing over the last few months selling hail damaged cars that were damaged in the hail storms in Brisbane late last year.

 

[Ronnie 666]

If you are waiting for a bull market in PM to resume you have learned nothing from the last 3 years of intense manipulation of all markets. There are no markets and no bull runs. The markets are dead and all prices are now controlled by forces intent at suppressing PM, elevating stocks and big corporations (inc Banks). So you are crazy to expect a resumption in a bull market or for that matter a bear market in PM. Gold at $800 not going to happen nor Gold at $1500 with the cartel at the helm. They learned from the last big smash that physical demand can wreck their plans so prices will not collapse while they control the pricing. The next major move in PM will be a revaluation/re-pricing not a bull market. That will only occur when the printers and currency counterfeiters lose their grip. That will be a sudden unpredictable event that is inevitable as day follows night.

 

[Miloman]

My goal is not to make a short cash profit. 19% is not to be sneezed at and I was answering a question that posed that time frame

I don't believe in the gsr theory. I have other investments.

PMs are just doing exactly what they are supposed to for me as the euro slumps.

What do you believe PMs are supposed to do?

Do you own paper gold and silver or physical?

Have you sold because unless you have sold then you have not made 19%? (as you have a cash bias - which is perfectly legitimate but not everyone has that bias)

And yeah if you had simply bought USD it went from 72 to 95 during the same time period, a 32% change!

Oh and GSR theory is pretty useful... I know of others using it to make crazy amounts more metals. It's been around and used.

E.g.
First purchase - 2001 bought 10oz gold at 1:55
2003 swapped 10oz gold at 1:80 for 800oz silver
2007 swapped 800oz silver at 1:45 for 17.77 oz gold
2009 swapped 17.7oz gold at 1:82 for 1,458oz silver
2012 swapped 1,458oz silver at 1:35 for 41oz gold

Right now GSR is above 70... so looks good value to me!

In actuality I know some who have 5 times their holdings by doing trades since 2000. I wish I were that smart to become a believer.

Back to my hypothetical example of GSR swaps...

Although the markets ARE clearly controlled and probably always have been... we have to look for opportunities of holding the stuff we know is valuable and make additional gains. I see GSR swaps as one of those opportunities.

The idea is to know what's wrong position yourself and take something off the table as a precautionary measure, "insurance" if you will. Using your insurance to get more insurance freely is something that may be useful to some.

 

[Pirocco]

Its interesting to think that eventually there will come a weekend that will be the last weekend for sub-$21 (AUD) silver and we will truly look back at those days as a golden time to buy silver while some people will look back in regret at the lost opportunity while they waited for the next promised low that never eventuated.

Many months later and silver is still sub-$21 AUD.

I wonder if this price range is the new normal?

Considering the general prices trend (not special, just the continued trend slope of before) and the extra amount Moz stored since 2004 by exchanges and ETFs and stackers, I don't see much reason for $20, and not even $15. I expect/hope for $10-$13. $13 is my next euro > silver swap, but only if euro sits at least on the average of its fluctuation of the past decade, the higher the better.

 

[SpacePete]

Its interesting to think that eventually there will come a weekend that will be the last weekend for sub-$21 (AUD) silver and we will truly look back at those days as a golden time to buy silver while some people will look back in regret at the lost opportunity while they waited for the next promised low that never eventuated.

Many months later and silver is still sub-$21 AUD.

I wonder if this price range is the new normal?

Considering the general prices trend (not special, just the continued trend slope of before) and the extra amount Moz stored since 2004 by exchanges and ETFs and stackers, I don't see much reason for $20, and not even $15. I expect/hope for $10-$13. $13 is my next euro > silver swap, but only if euro sits at least on the average of its fluctuation of the past decade, the higher the better.

There'll be some very angry stackers if silver falls to $10 - $13. They've been sold a dream.

 

[-j-p-shmorgan]

Many months later and silver is still sub-$21 AUD.

I wonder if this price range is the new normal?

Considering the general prices trend (not special, just the continued trend slope of before) and the extra amount Moz stored since 2004 by exchanges and ETFs and stackers, I don't see much reason for $20, and not even $15. I expect/hope for $10-$13. $13 is my next euro > silver swap, but only if euro sits at least on the average of its fluctuation of the past decade, the higher the better.

There'll be some very angry stackers if silver falls to $10 - $13. They've been sold a dream.

It's just going to be an amazing buying opportunity.
Plan on taking advantage of this.

 

[SpacePete]

Considering the general prices trend (not special, just the continued trend slope of before) and the extra amount Moz stored since 2004 by exchanges and ETFs and stackers, I don't see much reason for $20, and not even $15. I expect/hope for $10-$13. $13 is my next euro > silver swap, but only if euro sits at least on the average of its fluctuation of the past decade, the higher the better.

There'll be some very angry stackers if silver falls to $10 - $13. They've been sold a dream.

It's just going to be an amazing buying opportunity.
Plan on taking advantage of this.

Yes, it's a golden opportunity, but there'll be people bitterly bitching about manipulation while missing entirely the point of stacking.

 

[banks kept their metals]

This is my first post on here. I started buying Scotia Bank 10z bars 2 months ago and have $2000CDN so far and it's the first time I have saved real money. From a new point of view $16 US / oz seems like a insane bargain and I have a feeling one day (like all those 70yr old guys now) we will say man it was so cheap now it's 100x that... I hear that all the time regarding gold.

Hey there House of Commons. I also started buying Scotia Bank bars from them, but then, I noticed the service charges were far greater than just going to my local coin shop and buying tubes of Maple Leaf 1oz coins. I also read that if you buy a coin under $1,000 in value, and sell it for under $1,000 in the future, you do not have to declare capital gains on it. Not so for the bars. So that's why I'm accumulating silver coins. Unlike a 1oz gold coin that is above $1,000.

 

[TreasureHunter]

i don't think the big guys want the 'dream' to end, it would probably takes years before silver sky rocket....

Most likely...

It could take decades!

 

[TreasureHunter]

...and, let's not forget: in order for silver to skyrocket, a powerful force would be required.

Frenetic buying frenzy, high industrial demand and low supply or financial-economic crisis or... severe depletion of silver (due to rarity and high demand, the price would rise).

 

[SmartyFarty]

Silver's price is back to where it started at in 2015 in USD terms