Silver has not been good to me

[kimchi]

6 minutes ago, JunkBond said:

Why, milk spot?

It won't affect a sale at melt value. I think eagles are prettier though.

You're right, plus they have the CGT advantage (for now) should you have 100(0)s and silver ever shoot to the moon. Don't listen to me there - it's just personal bias after by far the worst batch of coins I've ever had. I accept/expect milk spots on various coins, but at least they generally look nice when they arrive! These looked like they'd already gone ten rounds with Rocky, and then proceeded not so much to 'milk spot' as to challenge me to 'spot the silver'!

[airmac]

I go with some off all. I stack silver but only count for bullion so don't care if milked and then i collect some things. I only see the stack as a savings so i guess it doesn't matter if price goes sky high to me. Since i don't plan with it. As for more expensive coins i get them for my personal collecting and enjoyment. And i get a little gold to. None of everything in large quantities as my budget is small. I think its mostly my enjoyment in simply stacking and collecting from the side i look and leaving something for the family as we never had much growing up and want them to have it better.

[Moi]

In the few yrs 2-3 i have been aboard with silver, the baseline price has risen steadily. Started circa 11 now around 13 near 20 %. So 6, 7 % per annum. Shows most accounts a clean pair of heels. Then there are the fast turn arounds. Unpredictable but normally pop up bi monthly or so, dividends of 50 % as routine are not unheard of. Then selecting a run of coins for longer term premium appreciation, quite enjoyable and  there is enough a cadre of collectors to sustain for the foreseeable. Brexit looms for us brits potentially bringing a rise to in hand silver. Believe silver is ok as a reliable component for investment. There's always a moon shot possibility too. Doesn't seem so bad. Though there are more appealing speccy options right now.

[Pete]

17 hours ago, mr-dead said:

No I buy gold by the KG not drugs.

You need to read my post again.

Are you kidding ??

Found this earlier today - 

 

Pasted this line from your earlier post -

2) Physical stack will consist of 100% sovereigns, used as a long term retirement investment.  

Now did you change your strategy or is the bar photo a bit of fun ?

[onlyroadtoheaven]

15 hours ago, KDave said:

The sentiment revealed by this thread suggests now is a great time to start buying silver. 

 

I agree. I hate silver at the moment as its price is seemingly manipulated with scary spikes down when NYMEX opens each day. I follow various mining boards on ADVFN including HOC and sentiment for silver is the lowest that I have seen as people have been "hurt" by it. I don't think the YouTube "to the moon" gurus have helped over the past few years.

However the great man (not you @Roy, although I am sure you are ... actually, not that sure judging by your late night posts!) said "be greed when others are fearful" so perhaps we should all be filling our boots. 

 

[onlyroadtoheaven]

..... I also think the membership prices to this forum should be directly linked to the price of silver at the time of renewal. 

[Roy]

7 minutes ago, onlyroadtoheaven said:

not you @Roy, although I am sure you are ... actually, not that sure judging by your late night posts!

Acknowledged. I'm staying away from all that and sticking to PM chat from now on 

[Moi]

One thing that's recently noticeable, gold & silver have become more unshockable in relation to global crisis. The state we are in, should be skyscraping by now?. Whether that's a sign of maturity , or people are finding alternative safe havens who knows.

[JunkBond]

4 minutes ago, Moi said:

One thing that's recently noticeable, gold & silver have become more unshockable in relation to global crisis. The state we are in, should be skyscraping by now?. Whether that's a sign of maturity , or people are finding alternative safe havens who knows.

I think its a sign of complacency in the state of the world.

[Moi]

3 minutes ago, JunkBond said:

I think its a sign of complacency in the state of the world.

Wouldn't be surprised. Or perhaps there's an element of everyones drunk themselves sober on fearmongering. Still they used to be very reactive to headlines, and now God knows what drives it. 

[mr-dead]

1 hour ago, Pete said:

Are you kidding ??

Found this earlier today - 

 

Pasted this line from your earlier post -

2) Physical stack will consist of 100% sovereigns, used as a long term retirement investment.  

Now did you change your strategy or is the bar photo a bit of fun ?

 

The photo is of my bars but the principle is the same, lots of low premium generic gold that can be dumped quickly without the need to spend ages piecing it all out for the best price.

Also have about 50oz in 1oz coins, mostly krugerrands + some bullion sovs.   Have a couple of queens beast 1oz proofs + a selection of pistrucci + piedfort sovs which are the eye candy.

Currently up to 356.31 oz and counting so have supersized my original stack,  another 43.69oz and ive hit good delivery bar stack size.

Wonder if @BackyardBullion would like to attempt a 400oz gold pour

 

 

[kimchi]

So basically after all that, no-one's got any Jamaican for sale?

[FlorinCollector]

1 hour ago, mr-dead said:

 

The photo is of my bars but the principle is the same, lots of low premium generic gold that can be dumped quickly without the need to spend ages piecing it all out for the best price.

Also have about 50oz in 1oz coins, mostly krugerrands + some bullion sovs.   Have a couple of queens beast 1oz proofs + a selection of pistrucci + piedfort sovs which are the eye candy.

Currently up to 356.31 oz and counting so have supersized my original stack,  another 43.69oz and ive hit good delivery bar stack size.

Wonder if @BackyardBullion would like to attempt a 400oz gold pour

 

 

So have you amassed your current stack from only 2016 to now :o?

[BackyardBullion]

2 hours ago, mr-dead said:

 

The photo is of my bars but the principle is the same, lots of low premium generic gold that can be dumped quickly without the need to spend ages piecing it all out for the best price.

Also have about 50oz in 1oz coins, mostly krugerrands + some bullion sovs.   Have a couple of queens beast 1oz proofs + a selection of pistrucci + piedfort sovs which are the eye candy.

Currently up to 356.31 oz and counting so have supersized my original stack,  another 43.69oz and ive hit good delivery bar stack size.

Wonder if @BackyardBullion would like to attempt a 400oz gold pour

 

 

I'm game if you are :-)

[sovereignsteve]

2 hours ago, mr-dead said:

Currently up to 356.31 oz and counting so have supersized my original stack, 

F***ing spiders! Certainly dwarfs my measly 2.5 oz

[fehk2001]

9 minutes ago, sovereignsteve said:

F***ing spiders! Certainly dwarfs my measly 2.5 oz

I know where u live  

https://www.salvationarmy.org.uk/lancaster

[sovereignsteve]

Just now, fehk2001 said:

I know where u live  

https://www.salvationarmy.org.uk/lancaster

bloody hell, they've even got my picture on the homepage

[CoinFinders]

Wow!  Those KG's are some SERIOUS stacking!  Good job.  It's a fantastic store of wealth.  However, when it comes time to sell, you should plan ahead to research what different shops are paying...do they pay cash...and other considerations.  Buying a KG or two is a significant purchase for a small store-front coin shop.  I did a quick survey of a couple of my gold dealer buds, and they will presently pay cash for a KG bar, but at $20 back of spot.  And that's for a "big name" bar, like Englehard, RCM, or etc.  For a small name bar (like a private refiner), the premium back of spot increases with the "unknown-ness" of the refiner.  And of course, the buyer will want to do a test insure the bar is indeed solid gold, and at the stamped fineness...and hence why I recommend you "shop around" when it gets time to sell a large quantity.  Thanks from Scotty at CoinFinders.  www.coinfinders.com

[mr-dead]

13 hours ago, CoinFinders said:

Wow!  Those KG's are some SERIOUS stacking!  Good job.  It's a fantastic store of wealth.  However, when it comes time to sell, you should plan ahead to research what different shops are paying...do they pay cash...and other considerations.  Buying a KG or two is a significant purchase for a small store-front coin shop.  I did a quick survey of a couple of my gold dealer buds, and they will presently pay cash for a KG bar, but at $20 back of spot.  And that's for a "big name" bar, like Englehard, RCM, or etc.  For a small name bar (like a private refiner), the premium back of spot increases with the "unknown-ness" of the refiner.  And of course, the buyer will want to do a test insure the bar is indeed solid gold, and at the stamped fineness...and hence why I recommend you "shop around" when it gets time to sell a large quantity.  Thanks from Scotty at CoinFinders.  www.coinfinders.com

Atkinsons buy 1kg gold bars at 2.25% under spot:

https://atkinsonsbullion.com/sell-to-us/gold-bars/1kg-gold-bullion-bar