HawkHybrid

and of course I'm the bad guy for helping to spread the word last year, that silver pumpers pushing for higher than $28 usd wasn't going to end well. HH

I didn't call him stupid, he made a stupid post on how impossible it was to take advantage of the 2020 dip. if you are going to be stupid about it then it's going to be impossible. he was being purposely provocative with all of his fancy charts yada, yada. everybody can see the charts but apparently not everybody can see that sticking rigidly to physical silver was not the way to take advantage of the dip. HH

it's called doing the maths so that you can compare the likely return on investment. something that you don't currently have with your hand waving 'it's a good time to buy silver'. the same as I told wonga that he doesn't know what he's on about with his 'silver will plummet to $4' you don't know what you are on about with your 'it's a good time to buy silver' and you are so vague, you don't even have a price target. HH

have you looked at the yearly cost to vault silver? HH

stupidly rigid as usual. only stupid people looked at the price drop in march 2020 and thought I cannot buy physical at these prices... I will let the opportunity pass and then make the excuse that it was impossible to buy silver and that I was right. those that are a little more flexible in their thinking will have realised that stupid people claiming 'physical silver is the only way to buy silver' is not the way to go. buying silver by taking out a paper position would have let you take advantage of the dips. just because you are too stupid to think past only buying physical silver it doesn't mean the whole world is stupid like you. if you rigidly live in the past then expect to miss out on current opportunities. HH

for example with hindsight(or foresight at the time) the projected return on investment in gold from 2015-2020 would have been 8-10% on average per year. it requires a little insight into what prices you are expecting in the future and more importantly when it's likely to occur in the future. not some bs about now being the time to buy silver because it has dropped or even more bs about how valuable silver is against random goods and services. you don't even have any idea of a price target let alone a time frame for silver to reach that price target. you are clueless about silver so I don't know why you are telling people to buy silver now. HH

only those lost in the past cling onto old data. absolute values such as $30, being too cheap?, too expensive? have no value in the changing world that we live in. I never once said 'it used to be cheaper back in my day' because it's not relevant. what I asked was have you worked it out what the value of your projected return on investment is if you were to buy now at $30 or is that a too unimportant a bit of information? HH

so you don't have any return on investment data to back up your claim of silver being a bargain. HH

nope, but I'm not the one calling the current price a bargain.(also I'm not exactly a genius ). how about any time between 2014-2020 when silver was priced below this bargain price? you didn't say what is the return on investment that makes the current price such a bargain? HH

my mistake, it's been a long covid year and I've corrected my initial post to mean 2020 dip. HH

you've already missed your chance to be a genius(that was two years ago when it hit ~$9 usd). for what purpose and return on investment is silver currently a bargain at $30 canadian? HH

how is a mistake that takes years to correct not a mistake? you can only write off a mistake to inexperience if you first accept that it was a mistake. HH

is that supposed to be funny, trying to mock a post purely because it implies that any who bought silver at $30/toz last year have clearly made a bad decision to do so? how many of last years 1 billion toz of silver did you buy at the bargain price of $30/toz? or is it the case of being a bargain only when others are duped into doing the actual buying? HH

how has buying silver at $30/toz last year worked out for people so far? most/everything else on that list is performing as expected, except for the silver. does it do what is says on the tin or do you need to join the 'down with the silver manipulation' crowd, just to get what you paid for? (for any who think it's a bargain at $30/toz, no one is stopping you from buying out the years production of ~1 billion toz currently priced below 'bargain' prices) HH

vat is not a government made up tax that only affects silver. vat affects lots of goods and services. some goods such as gold are vat exempt, but these are the exception not the rule. despite what many on the forum might say, it is correct to charge vat on silver. it is not a conspiracy that vat is charged on silver at the same rate as it is charged on many, many goods and services. people claim it's unfair that silver does not get the special treatment of being vat exempt. instead they should be happy that gold is vat exempt for better returns on any gold investments(as it was not always like this). paying taxes in the country that you live and trade in, is the default. nobody likes paying taxes, but when people make it out that they are being unfairly treated when they are asked to pay their share of taxes like everyone else is effectively claiming that they are 'entitled to special treatment'. HH

gold dropping faster than silver to hit the 15:1 gsr is extremely unlikely to happen. historically a low gsr is a good time to sell both metals. this only really works if both metals have risen in the lead up to reaching 15:1(with silver rising faster). ie they are both overpriced at that point but silver more overpriced than gold due to it being more speculative. market sentiment analysis explains why it has historically happened this way. for gold to drop more to hit 15:1 and then rise faster than silver afterwards in order achieve something like 20+:1 means that gold needs to be more volatile than silver. and this we know to be uncharacteristic of how both metals have behaved so far. HH

early 1900's(which is what people usually think when they say it's going back to 15:1) until current day, sgr was never at or close to 15:1. interchanging old gold and silver coinage doesn't count as it was done by the standard of the law and not on the basis of metal value. would you swap five coins weighing 6.5g(cupronickel) each for the weight value of a 8g(cupronickel) coin? but the law says that a 50p(8g) piece is worth five 10p(6.5g) coins. how can 8g = 32.5g by weight if both are exactly the same metal composition? the sovereign (£1) represent the weight value of one pound of sterling silver(it's why we call it the pound sterling). the definition of a pound of sterling silver then was different to what it is now. from memory it roughly equates to a gsr of ~50:1. so in the early 1900's the gsr by weight was ~50:1, which is nowhere near the 15:1 figure that people like to quote based on the interchanging rate of coinage at that time. (correction: the only time that it was at/near 15:1 since 1900 was at the height of the hunt brothers cornering of the silver market in 1980, which lasted less than a year, so is hardly representative of pricing over a 100 year time frame) HH

it's not linear. all the ships that got sunk before 1900 accounts for less than 10% of total mined gold. you only need to count the recent shipments that have been lost. the world currently mines ~2,400 tonnes of gold each year, much more than it have ever done so historically. sinking 100% of the last 40 years of total gold production would give you 1/3. if all of the gold before 1900 was lost, it would only amount to 10% historically total mined gold that is lost. people are going to notice 1/3 of their gold being lost in the last 120 years. 800 tonnes of gold is a massive amount to lose on average per year. america who have the largest official gold holding of any nation currently, only claim to have 8,000 tonnes, which is only 10 years worth of losses by that calculation. I don't think the 1,000's of ships lost each year actually contain much gold. HH

how did they work that figure out when it's estimated that 90% of all mined gold was mined after 1900? HH

the difference between the gamestop short squeeze and the wall street silver short squeeze is night and day. people doing the gamestop short squeeze actually knew what they were doing and did the maths. the wall street silver short squeeze was made up by wannabes who collectively are so clueless that they don't even know what the term 'short squeeze' actually means. they rely on association by using names that sound similar and the 'anybody promoting physical silver can do no wrong' crowd defending them. just look at all those on the forum that still cling onto 'anybody promoting physical silver can do no wrong', still trying to defend them after they've scammed people into buying physical silver that has dropped over 20% in a year. but then again it's not them being scammed of 20%+, they only know to complain when the yearly inflation rate is 6%. silver will have it's day, only when it is ready. and not when some ignorant upstart thinks that they can 'command' it shoot to the moon. HH

into useful stuff like bread and baked beans. HH

crypto is nothingness made to look like something.(a big waste of electricity) currency is distribution of a nations productiveness that is stored in a form that is physically nothing. (think of currency like language, conveying information. the physical medium by which language is used is not important. it's the information that has value. don't judge a book by it's cover?) gold had value before people recognised it as valuable. the value in gold has nothing to do with humans or culture. HH

https://www.cooksongold.com/Precious-Metal-Clay/-Range=Art_Clay_Silver/-Alloy=0/-Type=0/&prdsearch=y something like this printed and heated from a 3d printer? (or maybe printed and then finalised in a kiln?) HH

the data from the cpi is irrelevant. the so called data that you believe as the true rate of inflation is irrelevant. what is relevant is that silver, and gold, and oil failed to track inflation over the 20 year period from 1980-2000. will they fail to track inflation again over another 20 years? who knows? what we do know is anyone unlucky enough to buy them in 1980 believing that they would at least perform equal to inflation until 2000 was looking at a losing at least two thirds of their money. so keep on wasting your time tracking how wrong a made up index such as the cpi is versus the real rate of inflation. and then ignore the bigger picture that commodities are not guaranteed to at least equal inflation over 20 years.(why has no one told you that the cpi is always wrong because it's an index that is made up to make the government look like they have inflation under control. it a made up index for political reasons and have no relation to the price of bread). the op wanted to know if silver can fail to track inflation which I've proven to be true over a 20 year period without spamming the thread with irrelevant discussions about the cpi. don't you already have an existing cpi bashing thread? HH

in fact gold failed to track inflation from 1980-2000($870/toz to $280/toz). oil also failed to track inflation over the same period, ~$120/barrel to ~$40/barrel. I'm not simply having a jab at silver as some on the forum like to think is true. I merely point it out more often on silver because some people on the forum like to inappropriately defend silver regardless of what is true. HH