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Gav

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    Israel

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    Israel, New Zealand or South Africa.
  1. Silver ETFs

    I would like silver to get a bit cheaper but it looks like it has been hammered into the ground, rock bottom prices. Though be careful with spread trading, silver can go lower and probably has a higher chance of going lower before it goes up. For the last 4 years the price of silver has dipped in December at the end of the year.
  2. Silver ETFs

    Are you looking at day trading or buy and holding for a longer period? Are you interested in only silver ETFs or would you consider Gold ETFs? Are you set on ETFs or would you consider an ETP? Also no matter what opinions you get from others, and myself, are opinions and not advice. These forms of investment have their risks and you do need to do your due diligence and research before you decide what is best suited for yourself. From my experience, day trading the 3x leveraged gold ETFs had the best results, though after trump won the elections I have decided to stay out as the market. In my opinion the market has not been behaving in a normal way, and the volatility is more a symptom of market makers moving the price in a direction opposite investors desire. You also need to consider that most, if not all, ETFs have clauses that move the risk away from the issuer to the investors. If there was a sudden market shift in the PM many of them will payout on yesterday’s price and in some cases won’t payout if the ETF is placed in financial trouble. I do agree with you on staying away from the miners at this stage as many are in the red and not worth the risk. I would stay away from spread betting. Best advice/opinion I could give is download a stock simulator and play as if you are invested fully and see if you have the ability to make money.
  3. no silver deficit in the last 10 years?

    I actually think you do have a valid point. The numbers don’t take that into account. Though in fairness to the silver institute’s numbers it would be nearly impossible to measure how much retail investment silver went back into the market. The scape metal returning to the supply has been on a decline yet the physical silver needed to produce investment silver (coins and bars) has been growing. Your point does add towards a already solid case for a long term bull market for silver. Though when the bull market for silver takes off is a question that can only be speculated about. Though current market perception for silver is probably at an all time low as the case for bitcoin and other cryptos are much more attractive than silver.
  4. no silver deficit in the last 10 years?

    There are some good questions that I don’t know. As for silver coins coming back into the market, I’m sure that will happen but generally coins have a premium that discourages that silver from being reintroduced into the supply and demand cycle. I guess it all has to do with price. I think it is clear that supply and demand is not a price driver for silver. It is also noteworthy that when prices go up so does investment demand. The below chart is from the silver institute.
  5. no silver deficit in the last 10 years?

    Above ground stockpile is growing, and the way they defined stockpiles is by including investment silver. Simply the bulk of the silver stockpiles are held by silver stackers. David Morgan’s estimates 1.1 billion oz are held by investors. Silver is plentiful can be a misleading statement, while that is a true statement, it should not be considered that silver mining is is growing. Currently many mining companies are in the red and the current silver price has made many reserves not financially attractive.
  6. no silver deficit in the last 10 years?

    Above ground stockpile is growing, and the way they defined stockpiles is by including investment silver. Simply the bulk of the silver stockpiles are held by silver stackers. David Morgan’s estimates 1.1 billion oz are held by investors. Silver is plentiful can be a misleading statement, while that is a true statement, it should not be considered that silver mining is is growing. Currently many mining companies are in the red and the current silver price has made many reserves not financially attractive.
  7. Minting silver coins

    Exactly that, a simple design with a modern touch I believe there is a market for a coin that is based on ancient weights.
  8. Minting silver coins

    Hi Everyone, I would like to mint my own silver coins. The main focus to minting is that I would like to mint coins that won’t have a standard weight of 1oz or fractional oz. I would be looking to mint coins with a weight of around 6g a coin. I know a few YouTubers that have minted their own coins, like Sal and Chris. Any and all comments and ideas are welcome. Thanks in advance Gav
  9. Hi All!

    Welcome to the community.
  10. Coin Licensing

    Well there is one way to find out, we just need to get someone to issue their own coin. I would like this coin to have the legal tender value of a 100 trillion dollars. Clearly no one will accept it as payment. If no body accepts it as payment it won't be considered as currency, which should absolve any kind of counterfeiting currency issues. Though best check with the legal advisors before minting. What we will then quickly find out is what legal requirements are needed to mint coins vs rounds.
  11. Kookaburra 2008 V's 2018.

    I think so too.
  12. market manipulation true or false

    As a Market Maker, we use a method where we sell below cost, this loss is subsidized by profits from a crossover trade. I would assume that the market makers for silver and gold do the same. I think the evidence is clear if you look at enough financial reports of silver and gold mining companies. From the 25th of September the silver fix will be effective be done by a different entity. In my experience, 9 out of 10 time this type of change over would results in a market shift up, but this change over could be "meet the new boss, same as the old boss" as the change could be a symbolic change to cover for the manipulation that was exposed late last year.
  13. Scottsdales 1oz Bu Ghana leopard mix up

    That is what I learnt. [emoji846]
  14. Scottsdales 1oz Bu Ghana leopard mix up

    It is interesting seeing how the price has been climbing. I was hoping that the price would have been higher, but that is because I'm new to investing in coins and I expected the price to behave more like a stock would behave with the news of a break through. Live and learn.
  15. Scottsdales 1oz Bu Ghana leopard mix up

    It is interesting seeing how the price has been climbing. I was hoping that the price would have been higher, but that is because I'm new to investing in coins and I expected the price to behave more like a stock would behave with the news of a break through. Live and learn.