DiggerUK Posted March 6, 2016 Report Share Posted March 6, 2016 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 Quote Link to comment Share on other sites More sharing options...
long time lurking Posted March 6, 2016 Report Share Posted March 6, 2016 I take it you never had a lot on that day Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted March 6, 2016 Author Report Share Posted March 6, 2016 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..._ Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted March 6, 2016 Author Report Share Posted March 6, 2016 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..._ Quote Link to comment Share on other sites More sharing options...
Erewhon Posted March 6, 2016 Report Share Posted March 6, 2016 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. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted March 9, 2016 Author Report Share Posted March 9, 2016 (edited) 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 Quote Link to comment Share on other sites More sharing options...
Erewhon Posted March 9, 2016 Report Share Posted March 9, 2016 Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted April 1, 2016 Author Report Share Posted April 1, 2016 Can't have a silver thread without a link to The Silver Institute..._ https://www.silverinstitute.org/site/ Quote Link to comment Share on other sites More sharing options...
Errol Posted April 19, 2016 Report Share Posted April 19, 2016 Silver is very important and we should be posting more about it. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted April 19, 2016 Author Report Share Posted April 19, 2016 Can't have a silver thread without a link to Silver Price..._ http://silverprice.org Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted April 24, 2016 Author Report Share Posted April 24, 2016 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 Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted July 2, 2016 Author Report Share Posted July 2, 2016 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 Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted July 12, 2016 Author Report Share Posted July 12, 2016 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 Quote Link to comment Share on other sites More sharing options...
Will! Posted August 10, 2016 Report Share Posted August 10, 2016 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. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted February 5, 2018 Author Report Share Posted February 5, 2018 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..._ Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted July 22, 2019 Author Report Share Posted July 22, 2019 (edited) 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 Quote Link to comment Share on other sites More sharing options...
Will! Posted July 23, 2019 Report Share Posted July 23, 2019 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." Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted March 26, 2020 Author Report Share Posted March 26, 2020 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..._ Quote Link to comment Share on other sites More sharing options...
headmelter Posted April 26, 2020 Report Share Posted April 26, 2020 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 ? Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted April 27, 2020 Author Report Share Posted April 27, 2020 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..._ Quote Link to comment Share on other sites More sharing options...
squeezed Posted July 3, 2020 Report Share Posted July 3, 2020 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 Quote Link to comment Share on other sites More sharing options...
24gray24 Posted July 4, 2020 Report Share Posted July 4, 2020 Sounds like it's about to take off... no one likes it, and fiat is in deep trouble. Quote Link to comment Share on other sites More sharing options...
Crashley Banjo Posted July 8, 2020 Report Share Posted July 8, 2020 Been holding since that last sweet VAT cut to 16%, Free silver lol Quote Link to comment Share on other sites More sharing options...
cnick Posted July 10, 2020 Report Share Posted July 10, 2020 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? Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted July 13, 2020 Author Report Share Posted July 13, 2020 @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..._ Quote Link to comment Share on other sites More sharing options...
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