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Martlet

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Everything posted by Martlet

  1. Not only not buying but selling metals. That is why they buy it in the first place, to sell in tougher times.
  2. Value of sovereign decoupled from £1 worth of spot gold a long time ago. Presumably 1931 possibly before.
  3. Might be if we win. Though RM will be bound to release something (or 11, including striker on the day) and thats were the future interest would be.
  4. I start reading around the Basel III change though got lost in the weeds. Suffice to say gold bugs talked up the impact, on the understanding that banks must increase collateral against unallocated gold holdings. This over looks that banks dont need to hold gold on their balance sheets, they simply drop their unallocated gold position rather than meet the collateral requirement. The major bullion dealing banks hold gold for clients, not on their own balance sheets, so shouldn't be affected.
  5. As @LawrenceChard highlighted, getting a live price feed from a market is expensive, and comes with restrictions. It seems likely the API service feeds websites use are second or third hand, the primary and derivatives markets being aggregated along the way. Tradingview for example only has various CFD market information on free service, for metals, commodities and many other instruments.
  6. When do the new Sovereign releases usually come out?
  7. Well both the gold and silver showed Out of stock just, now change to no longer available and awaiting stock. The gold set does look lush in the frosted finish, and not too bad pricing. Though i suspect the future value will be in a broken up sets.
  8. And.... they're gone. Nice stealth launch, funny how often RM do this.
  9. I was going to post about this. It was painful, without spare cash watching all those nice coins go like that. Lesson learnt there isn't a liquid market for general proofs.
  10. Its not the correct definition though. This is expansion of the money supply. Its possible for money supply to increase and inflation increases at lower rate or not at all (as we've seen most the past decade); or inflation can occur without increased money supply (as happened frequently under gold standard). This isnt something that has changed, its always been a complex statistical reporting, the point of it is to give an approximation across the whole economy. Individual goods and services are subject to supply and demand, technical advances and costs of production, that will raise and lower their price independently of other factors in the economy. A chocolate bar might rise 500% in 30 years because increase cost of materials and labour abroad, cost of shipping and production, cost of marketing, and ultimately because the market will let them (large chunk of retailer margins).
  11. But that's not how inflation is calculated, it uses a range of goods and services to arrive at a weighted average. If you track one item you'll be way out of alignment. Inflation number is a benchmark for prices, some things will be more, some less. Everyone's personal inflation will be different because we buy different weights of goods and services.
  12. FTSE 100 was 620, so a tracker fund would be up 1200%. Tracking the stock market is best long term, beats everything because it prices in everything..
  13. You are confusing underperforming with undervalued. Is there a sensible analysis for silver being valued less than it should be?
  14. I don't think any offer deserves a response other than a polite, professional decline.
  15. Yeah, sadly the valuable resource was bought by the forum, helps drive memberships.
  16. Not sure the full and honest picture is given on these changes, seems some commentators are using Basel III to promote a gold rush from banks, others see it as a problem. Would need to read more into the detail of the change. One thing stands out to me though, if banks can use 100% rather than 50% ratio on their balance sheets, they just effectively doubled their holding of that asset. So they may see that as opportunity to reduce holdings for net same position.
  17. Yes I did. Also the grade isn't given, expensive lucky dip.
  18. Rosland are an enigma, on one hand they sell regular semi-numismatic bullion, new and graded. On the other hand they sell tat and dodgy things like this https://www.roslandgold.co.uk/product/harry-and-meghan-wedding-1oz/
  19. Royal Mint dont give out bullion mintage numbers any longer claiming commercial sensitivity. Some early data slipped out but more recent request get blanked. Ironically they continue to give mintage for proofs and collectables where the mintage is expected to be price sensitive.
  20. I'll be blunt and point out the irony you know these "facts" but hadn't researched into the best way to buy gold. (At least two are not true ). You should be speaking to Lawrence Chard, who's given the best deal and a fish supper.
  21. What you are asking is, does having a lot of insurance cover will make you profit? No, it covers you for losses. The hyperinflation scenario means your silver pays for ordinary things without using increasingly valueless currency. You can also preserve some wealth, savings across a period of economic turmoil. There is another scenario, that silver is manipulated to be dramatically undervalued, which will be corrected in time. In this case, the price of silver will surge. However the proponents usually assert this will usher in a economic reset and your really back to the preservation of wealth. You will seem to have made a paper profit but not in practical real terms as the economy collapses around. Yet another scenario is some situation causing a price bubble, and there would be a significant profit to be made. This will be short lived and unlikely to reach near 10x, as at some price point before that thousands of tons of supply would become economical to come to market.
  22. This retail silver squeeze doesnt work, unless the plan is to make money for the dealers. 100,000 buy their 100oz, until the dealers are out of stock They probably dont hold 10m oz collectively anyway so a lot of people wont get their 100oz. The dealers put in orders to the wholesalers, mints for new stock next week and in the queue for delivery. And wait. At some point they'll get their new stock. Or not, who knows. However, the effect on the upstream market is diminished because of those delays and steps between demand and supply. This isnt like a short squeeze on a stock where there is a single market, one source of supply and demand funnelled together. The "signal" from the demand surge will be filtered out through the dealers, wholesales, mints and finally make through to exchanges to affect futures pricing.
  23. Martlet

    1st of May?

    In principle you need to buy from one market in order to move it consistently. This is why the calls for some mass public short squeeze fail, because everyone is buying different assets in different markets, the buying it distributed and absorbed.
  24. Clutching at straws, people buying something else is not any sort of confiscation. The risk profile, motivations and horizons for gold and crypto investments are very different. There are a few that see crypto as a hedge to dollar inflation, a very small minority in market where most are interested in the tech, the decentralisation, or mainly number goes up.
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