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    • ChrisSilver

      Enter the YouTube competition   25/03/17

      Mention The Silver Forum or upload a The Silver Forum video intro in one of your videos and enter for a chance to win!

      Prize: Yet to be announced. Prize will be dependant on number of entrants.  Place your entry by 30th April 2017

      How to enter... Publish a YouTube video between 25th March and 30th April 2017 to YouTube with either; A mention of The Silver Forum in OR one of the video intros (found below) in the video. (Or feel free to do both mention and video intro) Please put a link to www.thesilverforum.com in the video description.
        Paste the link to your video in the topic below. Each separate video counts as an entry (make as many entries as you like) Each qualifying video will be entered into a prize draw to win a precious metals and/or gift card. Value of the prize will depend on how many entrants there are.
        To enter the completion please click the topic below:   


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  1. Top five holdings of various ETFs as of April 2017: GDX Barrick; Newmont Mining; Newcrest Mining; Goldcorp; Franco Nevada. SGDM Randgold Resources; Agnico Eagle; Newmont Mining; Goldcorp; Barrick. AUCP Barrick; Newmont Mining; Randgold Resources; Newcrest Mining; Goldcorp. TGLDX Franco-Nevada; Pan American Silver; Detour Gold; Agnico Eagle; Torex Gold. EPGFX Franco-Nevada; Agnico Eagle; Goldcorp; Royal Gold; Osisko Gold Royalties. GDXJ Kirkland Lake; Silver Standard; Regis Resources; Torex Gold; Osisko Gold Royalties. SGDJ Alamos Gold; Oceanagold; Iamgold; Endeavour Mining; Osisko Gold Royalties. SILJ Pan American Silver; First Majestic Silver; Coeur Mining; Silvercorp Metal; Hocschild Mining.
  2. The $20/ozT rise in gold price over the last week has set up a nice battle between the bulls and bears. The physical price in Shanghai briefly touched $1300 on Friday. If the price holds at this level or rises for another week, the momentum traders will come in and drive it up further. If geopolitical events calm down, it may well return to $1260 or lower. I would far rather be on the long side. In two recent interviews with King World News, Andrew McGuire has said that shortage of supply of physical gold has reached the point where there is serious competition for buyers and availability of the physical has started to determine the price. If he's right, we should see higher prices later this year.
  3. Confiscating silver would be difficult because there is so much of it; also, it is bulky and not highly valuable for its size or weight. Imposing CGT on Britannias is possible, though I doubt it would bring in much tax revenue. Gold is another matter. The government could impose VAT on it - it is something of an anomaly that there is no VAT. CGT could be imposed on Britannias and sovereigns. If there was a large increase in its price, there could be a windfall tax. Confiscation is unlikely, but a possibility would be a law restricting the amount of gold a person is permitted to own. From 1966 to 1979 it was illegal for UK citizens to own more than four gold coins. These days there are lots more ways to own gold, so a simple restriction on coins would be useless, but some kind of limit by mass would be possible. Holding gold outside the UK is another option, e.g. through an account with a company like GoldMoney or Bullion Vault, or through Perth Mint certificates. A mix of this and some physical coins is not a bad idea. If the government goes broke and wants your money, they are more likely to raid your bank account or nationalise pension schemes. It is far easier to do and there is more money to be had from it. Private ownership of gold is fairly small by comparison.
  4. According to the review of Degiro: *** Your securities can be loaned to third parties *** - this would raise alarm bells for me. You can opt for a segregated account, but this is more expensive. Also Degiro does not handle ISA accounts.
  5. Audio only interview with Rick Rule. One of the most knowledgeable and level-headed people in the precious metals business.
  6. @Oystonout I'm not a financial advisor, so treat everything I say as just a suggestion for your consideration. Investable wealth can be divided across many different asset classes: bonds, stocks, cash, precious metals, real estate, collectables. The best percentage to allocate to each class depends on all kinds of things about you: your age, your employment status, your current and prospective income, your outgoings, your risk tolerance, your financial objectives, etc. There is no one best answer. Traditionally, financial advisors used to recommend a 5% to 10% allocation to gold and/or gold stocks, though these days most do not. This may be because advisors cannot earn a commission by advising their clients to buy gold, or it may be just that they consider gold to be too volatile. Your assessment of the likely future developments in the economy are ones I agree with. Financial commentators who agree with this pessimistic assessment (such as Marc Faber, James Rickards, Peter Schiff, Bill Fleckenstein, John Rubino, and others) typically claim that having at least 10% of your wealth in physical precious metals is a good idea. Marc Faber recommends 25%. What works for you will depend on how much you have and what you can afford to put at risk. I suggest thinking of physical gold and silver as an insurance policy rather as an investment. It is there to hold its value over the long term and protect your savings from inflation, defaults, and crashes. If you want to speculate on the price of gold, gold mining stocks are an attractive option, but they are much riskier, and will likely crash if there is a general stock market crash. As of right now (March 2017) although gold is close to £1000 per ozt, it has been higher, e.g. in 2016 and in 2011-12. There is certainly no reason why it could not go back above previous highs. Silver is currently lagging behind gold and is comparatively cheap at £14. Silver is more volatile than gold, but you could probably do a lot worse than buy some silver coins at current prices. If you are in the UK, buying from Silver-To-Go is a tax-efficient option, and if you buy British coins, such as the Britannia, they are exempt from capital gains tax. If you want to buy gold coins, I suggest sovereigns. They are smaller and more convenient than the big 1 ozt coins, and are recognisable worldwide. Other ways of buying gold are described in this article: http://thesilverforum.com/articles/articles/how-to-invest-in-gold-r4/
  7. I guess a lot of us are pretty happy after the price action yesterday - especially anyone owning the gold and silver miners.
  8. I think it is for inviduals, not businesses, to encourage people to make some money by selling goods and services online. I suspect that currently if you sell coins on eBay you will have HMRC pursuing you for being a trader and wanting to tax your profits. This gives you an opportunity to earn a little extra money.
  9. The upcoming new tax year in the UK will bring in a new £1,000 allowance for money earned from the sharing economy. This covers "selling goods", so we should now be able to make up to a £1,000 profit from selling coins in any year before any tax is payable. The ISA allowance is also rising to £20,000.
  10. Recent tips that I've seen include Santacruz Silver (CVE:SCZ), Coral Gold (CVE:CLH), Pershing Gold (NASDAQ:PGLC) and Fortuna Silver (TSE:FVI). The gold and silver miners are lagging way behind the price of gold and silver at the moment. The HUI to gold ratio is low even by the standards of recent years. Today Centamin (LSE:CEY) dropped 5% -- checked to see why and they have paid a dividend of 8%. Pretty good going for a miner.
  11. Andrew McGuire on KingWorldNews. He reckons the gold and silver manipulation will be coming to an end soon, because the physical metals are now held by strong hands who won't sell at current prices. http://kingworldnews.com/andrew-maguire-broadcast-interview-available-now-2-25-17/
  12. Greg Hunter posted a YT video interviewing David Stockman >https://www.youtube.com/watch?v=7xgNncFHAng< It's 26 minutes long, but the main point of interest is that Stockman reckons that Congress will not approve a budget ceiling on March 17. If the Treasury runs out of money, the president has the authority to allocate funds directly, i.e. he decides what gets funded and what doesn't, and he can close down any part of the federal government to meet the income constraints. Stockman used to be the budget controller under Ronald Reagan, so he knows how Washington works. This sounds like a scenario that could trip a stock market fall.
  13. Corrections of 20% are a normal feature of stock market activity and are part of the 'creative destruction' process by which weaker companies are shaken out. We haven't had a substantial fall since 2008 so arguably we are overdue, but a fall doesn't necessarily mean a disaster. By some measures, such as CAPE, stock markets are expensive on average. On the other hand you can buy companies like Shell and BP and get a 6% dividend yield; these are only overvalued if you are sure they cannot maintain this dividend. There is substantial disagreement in the media about the strength of the economies of the developed countries. Some commentators are upbeat and maintain that we are slowly recovering; others are downbeat and hold that we are heading into an ongoing slump. President Obama's "the American economy has never been stronger" is of course ridiculous hyperbole. Stock market participants are sensitive to expectations of interest rate moves. Given the huge amount of debt, there is little room for rates to rise. Maybe we will see 0.5% this year, maybe 1% over the next 2 to 3 years, but we cannot get rates back to historical 'normal' levels of 5-6% unless a lot of the debt is defaulted on. If real rates stay low, this is good for stocks, real estate and precious metals. If debt is defaulted on, nobody is going to want to be left holding bonds. If there is a rush of people taking money out of the stock market, other investment sectors are almost certain to rise. Usually when investors go 'risk off' they move into bonds, real estate and precious metals. It is not safe to hold lots of cash, given how unstable the banks are. Bonds are already expensive and cannot go much higher without yields going to zero. Real estate is a mixed bag: there are probably some places to find bargains, but if you are relying on rental income, a slump will bring increased delinquencies and owners of real estate will be a prime target for wealth taxes. There are plenty of unknowns. We don't yet know whether President Trump will get budgetary approval for a large programme of infrastructure expenditure. We don't know whether insolvent banks in the eurozone will fail. We don't know whether Greece, Italy or France will want to leave the euro and trigger a partial debt default. The good news is that precious metals are looking bullish on almost any plausible scenario. Gold can only go down if (a) There is a strong economic recovery. Fairly unlikely. (b) Real interest rates rise. Unlikely, unless (a) happens as well. (c) Some countries that are major holders of gold ban its ownership. Possible. (d) Someone works out how to mine gold from asteroids, or by electrolysing sea water. Very unlikely. (e) All political uncertainty and wars come to an end. Extremely unlikely.
  14. A short video from Gwen Preston, aka The Resource Maven, on why the prospects for gold and gold miners are positive at the moment.
  15. http://www.bbc.co.uk/news/world-us-canada-38848211