warpig

Yep that's a valid way to play it, you always have expose. Now I'm looking to sell... I have to say I see more merit in e-gold/silver than I had previously. The fees are much less, there's less hassle and it's instant to buy/sell. Physical is the ultimate, but... it carries its own cost and it's only needed for when SHTF, I'm not sure that's the way to play it unless you have a lot of money to secure... Some should be physical... but maybe only 10%. Are you into physical or electronic gold/silver?

That's my best guess... nothing goes up in a straight line and for sure... we've had one helluva good month! We're getting squeezed from both sides... so you can guarantee the government want more of our share, hope they don't get yours! Thanks... I have to admit I am a bit wedded to gold and silver. After being invested for nearly 20 years, the promise of sound money is ingrained in my DNA now. That site was fun for a while, but group think needs challenging and that didn't go down so well...

My expectations are we'll see an April high, a pullback and then it will be off again around late June and then gold will be on the rise to north of $3K

The dollar's spiked from 104-106, imagine what gold and silver would do if the dollar was falling...

I would of course like to keep the lot, but it's just not possible... everything's going to double from here at a minimum... likely much higher, but the house isn't cheap... so for now I need to sell. I've had a good run and future savings will be invested.

Yes so with ATS they pay you 85% of spot... with other dealers it was 80% of spot, but bullionbypost are 100.1%... that's the 1st dealer I've found that would pay spot. I wouldn't say it's more popular, because when you sell silver you're looking to reclaim the VAT you paid when you bought it. So now the VAT is paid, you're passing on that cost to the next seller. Of course you need to offer them a discount on the price over that of a dealer, but that concession wouldn't be 20%... It's also worth mentioning that dealers add a premium above spot even for bars, so the customer is paying spot, plus VAT, plus a premium. I would think 10% off retail sounds a good deal for everyone.

Peak silver is cited as 2025-2030 and they need a ton of it for their green revolution. Silver has been a dog... but it's woken up. Hold on until 2027 IMO if you can. I expect circa $200/oz

I think war. Not NATO, but NATO member states putting boots on the ground in Ukraine as the Ukrainian military collapses and then there's the whole Iran/Israel/US/ME saga... brewing world war on 2 fronts...

5KG bar, 1KG (bars and coins) and a ton of Brits and Silver Dollars, plus a few straggler coins... Not normally... the premiums are steep, but as mentioned above bullionbypost are 100.1% of spot, which is really good if you want a dealer to take it off your hands.

That is an excellent plan B... I've just spoken to them and on silver they're offering 100.1% of spot. Obviously that's 20% (VAT) down on what you could ask yourself, plus the premium on the product you're selling... but that's really good to know. I asked them about gold as well and they charge 4% off spot on that, so silver is a good deal there. Thanks.

I could do EBay... it's just the 13% fees that are a killer... You may as well sell to a dealer at those rates.

Thanks... that's helpful. I'll have a look over the weekend.

ATS Bullion seem to be pretty competitive and they've advised the following - 5kg - 15% 1kg - 10% Britannias - 0% all other coins - 10% For silver, I'm not worried about selling privately... it's not high value compared to gold, so it's worth a bit of faff IMO.

Thanks, that's helpful.

Etsy are about 6% final sale fees... so that's not bad, but I've just found some closed facebook groups where you can buy/sell/trade... will give that a shot, but if anyone has any better ideas - let me know please!

I'm selling my silver to buy a property... To avoid dealer fees and apart from ebay, is there some way of selling privately that incurs lower fees? Their final valuation fee is over 13%... would prefer to avoid this. I know there is preloved etc... but I was hoping for something a little higher brow. Any sites that match buyers/sellers?

£1,900/oz...

Damn not again...

Yeah guess I must have... surpassed now though. Good end to the week - £1,844/oz or $3,330/oz

If we get through this price point convincingly... it could go much higher. My guess is the threat of Iran retaliating against Israel is causing today's spike. The question is... how long will this go on for? Bigger war that engulfs the region... for sure, but when?

That graph makes it appear as if non-commercial traders (NCT) are dictating price. i.e. the contracts are ahead (lead) of price movements. It's also interesting to see the volatility of the contract isn't necessarily proportional to the price movement. As a short term indicator it doesn't paint a clear picture of future price movement IMO. That long term chart is interesting though...

Gold spiking now... £1,841/oz or $3,324/oz

There's major resistance around $2,365/oz. Traders will likely take profits...

It's up 22% in USD since October '23...