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kimchi
Reputation Activity
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kimchi got a reaction from HonestMoneyGoldSilver in I don’t believe in silver
Many thanks! You could have left it after the first sentence tbh, I am not completely supine stupin d**k turpentine dumm you know!
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kimchi got a reaction from stefffana in I don’t believe in silver
Wassat for those of us who are not rocket surgeons?
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kimchi got a reaction from stefffana in I don’t believe in silver
Many thanks! You could have left it after the first sentence tbh, I am not completely supine stupin d**k turpentine dumm you know!
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kimchi got a reaction from ArgentSmith in I don’t believe in silver
Wassat for those of us who are not rocket surgeons?
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kimchi got a reaction from Earthmetal in I don’t believe in silver
Wassat for those of us who are not rocket surgeons?
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kimchi got a reaction from Roy in I don’t believe in silver
Many thanks! You could have left it after the first sentence tbh, I am not completely supine stupin d**k turpentine dumm you know!
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kimchi reacted to AndrewSL76 in Coin Cabinet - Premium Auction 109
Evening!
Coin Cabinet’s latest Premium Auction has just gone live.
Some interesting coins including a 2021 Plain Edge Gothic Quartered Arms. Only 125 minted! Probably a bargain for someone in the end, I would think.
Anyone in for anything? I have my eyes on a few things! Some lovely early Victoria silver, half sovereigns and a beautiful selection of farthings!
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kimchi reacted to Roy in Gold Monitoring Thread £ GBP only
@Foster88 I love you man but stop being so sensitive.
So, it's ok to poke fun at the Irish but not homosexuals?
🙏
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kimchi reacted to HonestMoneyGoldSilver in I don’t believe in silver
The Pearson's correlation coefficient (r) measures the strength and direction of the linear relationship between two variables (the prices of gold and silver). A correlation coefficient of 0.7 to 0.85 indicates a strong positive linear relationship between the two variables, meaning that as the price of one metal (gold) increases, the price of the other metal (silver) tends to also increase and vice versa
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kimchi got a reaction from Roy in I don’t believe in silver
Wassat for those of us who are not rocket surgeons?
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kimchi got a reaction from HonestMoneyGoldSilver in I don’t believe in silver
Wassat for those of us who are not rocket surgeons?
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kimchi got a reaction from jackflash123 in I don’t believe in silver
Wassat for those of us who are not rocket surgeons?
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kimchi got a reaction from bobski in Gold Monitoring Thread £ GBP only
Well, that was a 'bit of a drop' in ten minutes 😮
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kimchi reacted to HonestMoneyGoldSilver in I don’t believe in silver
The Pearson's r coefficient between gold and silver ranges between a moderate and very strong positive correlation depending on the period in question. In general terms:
A correlation coefficient between 0 and 0.3 (or -0.3) is considered a weak correlation. A correlation coefficient between 0.3 and 0.7 (or -0.3 and -0.7) is considered a moderate correlation. A correlation coefficient between 0.7 and 1 (or -0.7 and -1) is considered a strong correlation.
Over the last 20 years the gold/silver correlation coefficient has been >0.7, meaning gold and silver prices have been strongly correlated over that period. Over the last 45 years gold/silver have at a minimum been moderately correlated throughout with extended periods of strong correlation
In plain English: you can't stack gold and claim silver isn't an investment without committing a logical fallacy - i.e. calling silver a "non-investment" by default also makes gold a "non-investment" due to their strong correlation. Declaring you stack gold while simultaneously dissing silver and calling it "a waste of money", is essentially dissing yourself
Over the last 3 months in GBP, gold is up 17.32% while silver is up 22.29%
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Commander Locke: Damnit, Morpheus, not everyone believes what you believe.
Morpheus: My beliefs don't require them to.
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What else can we say about silver? Lots of things as it happens with silver acting as a proxy for global growth, mirroring the performance of Chinese GDP. Would we say that the MSCI Emerging Markets Index is an "investment"? Hmm, I guess it depends if we base our conclusions on personal opinions or observable facts
Hmm, interesting. Is there any reason why silver should behave in this manner as a lagged proxy to Chinese GDP? Funny you should ask, there is:
The price of silver is correlated to Chinese GDP and the manufacture of solar panels and batteries, which China has a virtual monopoly over. Well that's a strange coincidence. What would be really weird is if I told you the Chinese are starting to stack silver, like you said nobody would do. The US military are also stacking silver. That's all very odd for a metal they don't believe in. What would really seal the deal is if silver had a superior blend of performance metrics to any other naturally occurring substance that makes it ideal for certain applications. Silver has the highest conductivity of any metal, the highest reflectivity of any metal, is both ductile and malleable along with having antibacterial and catalytic properties
I guess that seals the deal then, silver is officially an investment
FWIW @BipolarStacker, my money would be on @Earthmetal 👍😁
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kimchi got a reaction from Roy in Going through my Grandad's old collection
If so why did they immediately delete their entire back catalogue? No-one could buy their (suddenly very much in demand - that stunt and others made them famous) back catalogue after that, and so they didn't earn a penny (from sales). It's a rhetorical question, largely, just meant to make folk think
Anyway! Back on topic!
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kimchi got a reaction from Petra in Going through my Grandad's old collection
If so why did they immediately delete their entire back catalogue? No-one could buy their (suddenly very much in demand - that stunt and others made them famous) back catalogue after that, and so they didn't earn a penny (from sales). It's a rhetorical question, largely, just meant to make folk think
Anyway! Back on topic!
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kimchi got a reaction from MickB in Gold Monitoring Thread £ GBP only
I remember when sovs broke £200 and some people on here panicked and started selling.
I also remember when we all 'revolted' a few years later because a certain bullion dealer put the modern India Sov (assayed) up from £250 to just over £300 (@cobrastacker may be of interest to you bud).
And, who can forget 'Harrington and Burn'? 🤣
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kimchi got a reaction from Gruff in Gold Monitoring Thread £ GBP only
I remember when sovs broke £200 and some people on here panicked and started selling.
I also remember when we all 'revolted' a few years later because a certain bullion dealer put the modern India Sov (assayed) up from £250 to just over £300 (@cobrastacker may be of interest to you bud).
And, who can forget 'Harrington and Burn'? 🤣
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kimchi got a reaction from stefffana in Gold Monitoring Thread £ GBP only
I remember when sovs broke £200 and some people on here panicked and started selling.
I also remember when we all 'revolted' a few years later because a certain bullion dealer put the modern India Sov (assayed) up from £250 to just over £300 (@cobrastacker may be of interest to you bud).
And, who can forget 'Harrington and Burn'? 🤣
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kimchi reacted to MickB in Gold Monitoring Thread £ GBP only
I remember when I bought a Queen Vic jubilee head sovereign for £250 thinking that was expensive a few years back. You end up wishing for those days again.
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kimchi got a reaction from bobski in Gold Monitoring Thread £ GBP only
The man with no family who hasn't crossed the 'rainbow bridge' has absolutely nothing to lose...
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kimchi reacted to theman73 in Gold Monitoring Thread £ GBP only
The government know that a man without family have no desire to revolt having nothing to protect.
The more rainbow crosses the merrier...
£1867