Probably The Best Silver Thread Ever

[DiggerUK]

If Digger Mansions made beer, it would probably be Carlsberg.

Keeping that in mind, I thought it was time this precious metal forum had a proper silver thread. Remember to talk nicely to each other.

Carlsberg don't do silver threads, but if they did, this is probably what it would look like..._

https://gold-forum.kitco.com/showthread.php?87173-Silver-is-not-a-store-of-wealth

[long time lurking]

I take it you never had a lot on that day

[DiggerUK]

Hopefully most posters will follow the example of the vast majority on the Kitco thread and stay on topic, and more importantly, behave themselves.

Talk nice amongst yourselves, and not to much bevvy..._

[DiggerUK]

So, should we buy it ?

Keep in mind this was pre gold crash September 2011.

You reads the thread, you makes your choice, you pays your money..._

[Erewhon]

https://gold-forum.kitco.com/showthread.php?87173-Silver-is-not-a-store-of-wealth

That entire thread is well worth reading to see the kinds of arguments people used to justify their positions. The happy ones expecting to go from $36 per oz in mid 2011 to triple digits in short order must be feeling somewhat deflated today.

[DiggerUK]

The deflated won't be very vocal when they see the calculations based on the monthly average price of silver (pos). http://www.lbma.org.uk/pricing-and-statistics (Click table...silver...start at 2011...alter daily prices to monthly)

Starting in September 2011, when silver reached £26.47 per Troy ounce, and based on one ounce purchased each month since at the monthly average for pos, then you end up with a stack that has cost an average £14.53 an ounce, (+20% VAT in UK) At time of writing pos is £10.78..._

Edited March 9, 2016 by DiggerUK

[Erewhon]

[DiggerUK]

Can't have a silver thread without a link to The Silver Institute..._

https://www.silverinstitute.org/site/

[Errol]

Silver is very important and we should be posting more about it.

[DiggerUK]

Can't have a silver thread without a link to Silver Price..._

http://silverprice.org

[DiggerUK]

Can't have a silver thread without mentioning Deutsche Bank. Especially as they are predicting $20 per troy silver..._

http://www.kitco.com/news/2016-04-22/Deutsche-Bank-Sees-20-Silver-If-Gold-Silver-Ratio-Keeps-Declining.html

[DiggerUK]

Silver is very important and we should be posting more about it.

Problem is Errol, nobody likes to talk about silver in a civilised manner. I'm starting to wonder if anybody even has a purposeful word on the subject.

It appears that silver is only ever mentioned on the main forum gold thread, as an attempt to trash and wreck it. A number of regulars, who thrash about one forum after another, should post something studious and interesting on silver. Maybe if they showed themselves to be responsible we could have a silver thread on the main board.

Asheron was boring and repetitive, but at least he published something of interest occasionally, like this piece from Kitco..._

http://www.kitco.com/news/2016-07-01/How-Much-Longer-Could-This-Silver-Rally-Last-Analysts.html

[DiggerUK]

The ratio that reports how many ounces of silver can be purchased with one ounce of gold is getting the commentariat mouthing off again.

I wonder if a ratio of how many Primark underpants can be bought for one pair of Calvin Kleins, could give an insight in to future market movements..._

http://www.cnbc.com/2016/07/11/the-relationship-between-gold-and-silver-has-changed-dramatically.html

[Will!]

I'm thinking about buying some silver on the next dip as a hedge against further sterling collapse. Gold is within ten percent of an all time high in GBP.

[DiggerUK]

Well Will, seems not many have come to the blindingly obvious conclusion that silver is no use for anything except posh table cutlery.  I would still recommend that stainless steel is much smarter on the dining table..._

[DiggerUK]

On 11/08/2016 at 00:23, Will! said:

I'm thinking about buying some silver on the next dip as a hedge against further sterling collapse. 

On August 11th 2016 silver was £15.56.

By the end of that year silver had dipped to  £13.20.

Today it is £13.01.

http://www.lbma.org.uk/precious-metal-prices

Sterling has gone from buying $1.30 on the 11th August 2016, to only buying $1.25 today. Did you choose wisely..._

 

Edited July 22, 2019 by DiggerUK

[Will!]

On 22/07/2019 at 18:51, DiggerUK said:

Did you choose wisely...

No.

Co-incidentally I cashed out today at £13.22.  Thanks to some swing trading I'm up 2.7% since October 2016, but that's a pretty poor return for two and three-quarter years.

This article from BullionVault from 12th June made me think.

https://www.bullionvault.com/gold-news/gold-silver-ratio-061220191

Quote

Most urgently, analysts agree that silver prices face a challenge from weakening global growth forecasts, because industrial use of silver account for almost 60% of annual demand against just 10% for gold.
 
"If circumstances suggest [financial] market instability," says the World Silver Survey 2019 from analysts Refinitiv, published in April for the US Silver Institute of miners and refiners, "then investors generally would favor gold over silver.

...

This year's "ongoing, US-driven trade disputes have been a positive for the gold price, but a negative for silver," says the SFA consultancy, writing for German refining group Heraeus' weekly note.
 
"Economic and political uncertainties have increased and this has supported gold demand as a safe haven asset. [But] trade disruption is leading to slower global economic growth, which is a negative for silver."

 

[DiggerUK]

First, the nonsense that Coronavirus is the cause of this current economic and financial meltdown is just that, nonsense. This GFC2 would be happening even if the world was in the rudest health. The unresolved problems from GFC1 in 2007 is what we are witnessing working through now.

 

That being said, I can't avoid making a comment on this finest ever silver thread about silver.

Since way back when it has been common coin for silver fans to argue that silver is undervalued and under appreciated. Then there is the constant wailing against silver price manipulation.......evidence for that?...zero.

 

Everybody and their dog  was forever posting about yet another monster box of silver they had bought. Well here we are, a few years later down the line and you  still sitting on a monster loss.

The gold/silver ratio was always trumpeted as an example of how cheap silver was, yet the penny didn't drop that there was a good reason for the low price.......its all its worth.
Now we have the highest ratio ever,  at a time of drops in the price of silver, and some are still looking to confound there losses by suggesting that more silver should be bought..._

[headmelter]

On 26/03/2020 at 09:18, DiggerUK said:

Everybody and their dog  was forever posting about yet another monster box of silver they had bought. Well here we are, a few years later down the line and you  still sitting on a monster loss.

The gold/silver ratio was always trumpeted as an example of how cheap silver was, yet the penny didn't drop that there was a good reason for the low price.......its all its worth.
Now we have the highest ratio ever,  at a time of drops in the price of silver, and some are still looking to confound there losses by suggesting that more silver should be bought..._

Boght my 1st monster box (Maples) in 2006 & have bought several since. As physical is becoming harder to get I'm considering mining shares for the 1st time... is there a seperate thread for silver miners or do we use this 1 ?

[DiggerUK]

I can remember SilverMiners being discussed, but have no recollection of a separate thread.

My hope is to get this Silver Thread running, get it pinned here, then get it pinned on the main board. That will take good order on the part of posters.

Silver mining investment is a legitimate conversation in my view, can't see any reasons to object. Let's hear from others..._

[squeezed]

I wouldn't invest in silver at all. It's so much different from gold in many respects, to name a few: - constant oversupply (by-product of copper mining); - relative bulkiness => larger storage and transport costs; - not a lot of commercial uses (silver household items no longer being a status symbol); - unlike gold, it does spoil

 

[24gray24]

Sounds like it's about to take off... no one likes it, and fiat is in deep trouble.

[Crashley Banjo]

Been holding since that last sweet VAT cut to 16%, Free silver lol

 

[cnick]

On 26/03/2020 at 09:18, DiggerUK said:

. Then there is the constant wailing against silver price manipulation.......evidence for that?...zero.

Perhaps, the first thing to ask here is, could prices, in general, be manipulated?

Well perhaps the fact 'money' can created from thin air and lent out to corporates at artifiaclly low rates that has artificially inflated their stock price, it could be said those prices have been manipulated?

Now imagine if the same massive thin air credit money had, instead, somehow found it's way into a relatively tiny(?) market such as PMs? .....AG @ $200?+

So, if nothing else, the danger to stock prices would real.....So the price of PMs HAD to be controlled somehow? 

That the WHY.....Then, there's the HOW?......

.......(paper drives / dilutes physical?)

.....is possible?

 

[DiggerUK]

@cnick the pinned gold thread on the main board was a hard won concession from the HPC moderators.
I, for one, value it's place there. The reason for the initial removal to the backwaters of this P.M.  forum was down to the craziness of many posters who, for whatever reason, could not hold a disciplined discussion.

The reason the precious metals forum is usually quiet is because many visitors to HPC are put off participating with posters they regard as head bangers.  I have my suspicions for your motives in cut and pasting from a silver thread on one forum, to a gold thread on another.

If your intention is malevolent then my plea for you to behave will fall on deaf ears. If it is your  intention to have the gold thread endangered on the main board, then this is where it will end up..._

 

Will somebody talk silver manipulation gobbledygook with this character..._