World Silver Reserves are bogus

Jason1 said:
Yer you do hear from them all the time, they are the ones who say silver is shit lol.
the buthurt ones.

Might even find the same anti silver guys saying the same thing about gold in a few years lol, as they blew $20k worth of super on gold when the stock market was down when they cashed it in and bought into gold when it was at record highs then compounded by the fact AUD was also low lol. And when they finally do the maths they find that was a stupid idea and wasnt that great investment.
But thats not gold fault either, thats the fault of stupidity. But im sure they will complain about it.

If you know what your doing you can make good coin off both gold and silver, if you dont know what your doing you can loose money on both. Its easier to make short term gains on bullruns untill the run stops and at that point its easy to turn a win into a loss. So timing is everything and identifying bull runs is essential. So there were allot of people who made bloody good coin on silver in 2011-12. But there were people who didnt. The people who didnt were the ones who didnt know what they were doing.

Ps sorry about any grammer or spelling, typing on iphone
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people say silver is shit because it is

sure you can make money buying anything low and selling high silver is of couse on of these items

you can potentailly make FAR LARGER amounts of money doing it with other assets however.
 
We will see if real estate has been a good investment or not pretty soon.
I bet the millions that are losing their houses right now are saying no.
Same with mall owners and commercial investors.
And of course all the ones that cant sell what they have.
 
It's better to throw up a chart of the long term performance of stocks vs gold vs silver. This chart compares all 3 over a 50 year period. The high black line is where your stocks would be if you had re-invested all your dividends. It is the clear outstanding winner and silver is the clear loser. Gold has done well over this period too.

Screen Shot 06-17-20 at 08.01 AM.PNG

Source: https://www.longtermtrends.net/stocks-vs-gold-comparison/
 
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Silverling said:
It's better to throw up a chart of the long term performance of stocks vs gold vs silver. This chart compares all 3 over a 50 year period. The high black line is where your stocks would be if you had re-invested all your dividends. It is the clear outstanding winner and silver is the clear loser. Gold has done well over this period too.

View attachment 39244

Source: https://www.longtermtrends.net/stocks-vs-gold-comparison/
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So silver has the highest growth potential?
 
^^One could say that but it has only ever done anything notable in one of those 50 years. It doesn't matter it's a good hobby otherwise, I still buy it and enjoy it.:)
 
Silverling said:
It's better to throw up a chart of the long term performance of stocks vs gold vs silver. This chart compares all 3 over a 50 year period. The high black line is where your stocks would be if you had re-invested all your dividends. It is the clear outstanding winner and silver is the clear loser. Gold has done well over this period too.

View attachment 39244

Source: https://www.longtermtrends.net/stocks-vs-gold-comparison/
Click to expand...

thats why warren buffett doesnt invest in precious metals. Stocks have returned much more due to dividend compounding ability.

the recent run of gold and silver was because despite the fall in spot prices due to sell off from market crashing, its was impossible to find physical silver. There were essentially two silver market going in different directions as one class of investors were selling their ETF holding/paper silver to raise cash quickly for margin calls, crashing the spot price, whilst the other class were buying up physical silver as a safe haven, bidding up the premiums. Closure of mints and mines due to virus did not help either. Same thing with gold as well.

Premiums will be coming down now that the safe haven demand has abated. But with COVID cases increasing worldwide again with a second wave, there could soon be another flight to safety of physical gold/silver. In fact demand for both paper and physical silver have both been still pretty high. So we could see a repeat of what happened recently with silver premiums spiking again and spot paper silver price going down.

historically silver has been a poor performer and makes a lousy long term investment to be honest. Its more like a commodity to be traded. 2011 mining boom was due to big stimulus from china. They were basically buying up all the commodities so everything iron ore gold silver etc all went up like a bubble.

Having said that i do own a few 1kg silver coins from perth mint and just bought some 1kg kooks this morning from them when they came on sale. couldnt resist, really fine pieces of craftsmanship.
 
KangaBanga said:
Having said that i do own a few 1kg silver coins from perth mint and just bought some 1kg kooks this morning from them when they came on sale. couldnt resist, really fine pieces of craftsmanship.
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cool as long as you realise your a coin collector and not a silver invester
 
"just bought some 1kg kooks this morning from them when they came on sale"

Cant stand the perth mint website, just let me click a button that shows what bullion is in stock...you have to drill down 3 submenus before it tells you "product not available"
 
Before 1971, Gold was pegged and price controlled so naturally the price will outperform silver after it has been "unpegged". It might have taken decades for gold price to stabilise at a ratio of 100 to 1 versus silver, but eventually, the laws of supply and demand will kick in. In the recent 2 months, we've seen this happened, when demand for physical gold in china and India plunged more than sufficient to offset the increased in demand in the West. When demand cannot meet supply, the price can't rise.
 
I still think that so long as the central banks are storing gold, and using gold as a reserve, gold will always be used to account for fiat balance sheets.

And if Central Banks are accounting Gold against Fiat, Gold will always be a better inflationary hedge then Silver.

Silver is still valuable, for vastly different reasons to Gold and unless at some point, the demand starts to outweigh the supply (see "World Silver Reserves are Bogus..") then I cant see Silver ever rising to these lofty heights of 8-1 against Gold (the apparent mining ratio).
 
SliderC said:
"just bought some 1kg kooks this morning from them when they came on sale"

Cant stand the perth mint website, just let me click a button that shows what bullion is in stock...you have to drill down 3 submenus before it tells you "product not available"
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Move your mouse over the BUY GOLD words which activates the drop down menu where you can choose either GOLD COINS or GOLD BARS, move mouse to the 1oz option but before you click 1oz, right click on the link and select "open link in new tab". You can do this a few times to open as many new tabs as you need, all new tabs will have the list of 1oz coins.

Just click each tab and open a coin you wanna buy. then just close the tab and go on to the next tab with the list of 1oz coins. rinse repeat to go through quickly.

But yeah would be nice if they had a site redesign with a page that had all the 1oz coin types and their corresponding stock levels. The current website interface looks like it was done 10 years ago.
 
Collector or Investor?.....Time will tell. At worst you will have something to put under a wonky table leg.
 
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