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STONE

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    United States

Reputation Activity

  1. Thanks
    STONE reacted to TonyS in Britannia rules the waves   
    Shouldn’t it be Britannia waves the rules?
  2. Like
    STONE got a reaction from AgCoyote in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    Or, maybe he sells PM's because he believes it will increase in price. Just because someone sells a product doesn't mean what they are saying isn't true. Sure he plugs his business sometimes at the end of his videos. As a contractor I do the same thing, every time I shake a hand I give out a business card. Does that make my knowledge of carpentry null and void?  As a master carpenter I think not. He doesn't make a whole lot on PM sales. The margins are small...
  3. Like
    STONE got a reaction from FoolzGold in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    "Why are you still stacking silver if there is an abundance of it?"
    So your assumption is that the people here are stacking silver because they believe there is not an abundance of it.  Silver IS money and it IS a store of wealth, always has been and always will be. For some its a hobby, for some its a store of wealth to protect what they have worked for since the value of silver and gold is intrinsic.
    That video is full of logical fallacies including, but not limited to:
    Appeal to probability
    Argument from fallacy
    Existential Fallacy
     
    By trying to prove Ted Butler wrong does not prove a counter point. Over the last 16 years there has been a deficit of silver in what was mined compared to the actual demand. The silver institutes charts clearly shows that. In turn, a yearly deficit will deplete above ground reserves year over year eventually leading to a shortage based on demand. Mines are breaking even at the current silver prices, future exploration is halted because of a lack of profits. For the most part mining for silver is price insensitive since it is a bye product of lead, zinc and copper mining. If there is such an abundance of silver in the ground(which in itself is a claim that it can easily be mined and put into above ground reserves) why do we have a mining deficit year after year? Based on the claims in the video above ground supply should far outweigh demand since there is such an abundance in the ground. Some of the research I have been reading is showing that the actual silver content of the ore is decreasing which in turn means the same amount of mining costs for less silver.
    Like Sixgun said, NOBODY knows how much silver is still in the earth except for GOD himself. Test drilling only gives an idea of content in a particular area.
    Don't base your research conclusions off of YouTube videos. There are nuggets of truth in some youtube videos but you have to chew up the meat and spit out the bones so to speak. Folks that end up on the far end of the spectrum on any matter are usually wrong showing that they have an internal hidden agenda.
  4. Like
    STONE got a reaction from sixgun in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    "Why are you still stacking silver if there is an abundance of it?"
    So your assumption is that the people here are stacking silver because they believe there is not an abundance of it.  Silver IS money and it IS a store of wealth, always has been and always will be. For some its a hobby, for some its a store of wealth to protect what they have worked for since the value of silver and gold is intrinsic.
    That video is full of logical fallacies including, but not limited to:
    Appeal to probability
    Argument from fallacy
    Existential Fallacy
     
    By trying to prove Ted Butler wrong does not prove a counter point. Over the last 16 years there has been a deficit of silver in what was mined compared to the actual demand. The silver institutes charts clearly shows that. In turn, a yearly deficit will deplete above ground reserves year over year eventually leading to a shortage based on demand. Mines are breaking even at the current silver prices, future exploration is halted because of a lack of profits. For the most part mining for silver is price insensitive since it is a bye product of lead, zinc and copper mining. If there is such an abundance of silver in the ground(which in itself is a claim that it can easily be mined and put into above ground reserves) why do we have a mining deficit year after year? Based on the claims in the video above ground supply should far outweigh demand since there is such an abundance in the ground. Some of the research I have been reading is showing that the actual silver content of the ore is decreasing which in turn means the same amount of mining costs for less silver.
    Like Sixgun said, NOBODY knows how much silver is still in the earth except for GOD himself. Test drilling only gives an idea of content in a particular area.
    Don't base your research conclusions off of YouTube videos. There are nuggets of truth in some youtube videos but you have to chew up the meat and spit out the bones so to speak. Folks that end up on the far end of the spectrum on any matter are usually wrong showing that they have an internal hidden agenda.
  5. Like
    STONE got a reaction from Goldhooked in Silver price about to plummet   
    Exactly!!!   Its just that some people cant admit it. All the charts and hoopla doesn't mean squat in a manipulated market. Like the guy who started this thread. "Silver price about to plummet"   Notice he never said when. I suppose his statement can run until it actually does. Then they say "see, I told you so."
    Its a 50/50 shot in either direction. Buy on the dips, stack it, stash it and forget about it. How about from now on that if someone makes a projection that there is a time limit of two weeks. That way we know who is full of $%*!
  6. Like
    STONE got a reaction from Thesilverguy in My First time doing hand poured silver   
    Looks good!  Did you make the mold yourself?
  7. Like
    STONE got a reaction from Cking83 in 'Photo Only Topics' Discussion Thread   
    Those cast Kilos are my unicorn. Impossible to find in the states. Beautiful bars!!
  8. Super Like
    STONE got a reaction from Bullionbilly in Silver price about to plummet   
    One of the things that I really liked about this site was the fact that there are people from all over the world here discussing things we have in common. Lets not turn this place into a "my country is better than yours". We are all in the same boat, lets not loose sight of that folks...
  9. Like
    STONE reacted to JinKesef in Bars Photo Thread...   
    Picked this one up yesterday

  10. Like
    STONE reacted to Genalex in Bars Photo Thread...   
    My 5kg bar


  11. Like
    STONE reacted to sixgun in Bars Photo Thread...   
    @rob6 sent this 1kg cast Perth Mint over
     
                      

  12. Like
    STONE got a reaction from JinKesef in Do you keep buying?   
    No. $20 is my cutoff point. Based on historical charts, inflation, etc,etc. Under $20 is the buy of the century.
  13. Thanks
    STONE got a reaction from StackSellRepeat in Britannia 2017 20 OZ PF69 PRICE CHECK   
    Ungraded they are going for around $1400. A PF70 UC should fetch top dollar but this coin already has a few negatives going on. The design wasn't very popular for starters and now they make a 20 oz. version which reduces the quantifiable buyers market by even less. Your now trying to sell a coin to a subset of a subset of possible buyers. There is a reason MCM still has them in stock, its a very small few who actually want that coin. The royal mint still has the one ounce and five ounce 2017's IN STOCK!  That tells me they are VERY unpopular. Only 7500 one ounce minted and they have only sold 65% of the original stock. That is pathetic!  Don't fall for mintage numbers either its all a sales gimmick. If they mint a coin that has a mintage number of 10 and nobody wants it, it really becomes irrelevant. If you really want to know what a coin is worth, before you buy it, call around to the places you would sell to and see how much they will pay you for it. Call MCM tomorrow and tell them you have that coin in that same configuration and ask them what they will pay you for it. Prepare to be shocked because what you can sell it for is what it is really worth. In fact I challenge everyone on this forum to do that exact exercise BEFORE every purchase. It keeps things in perspective. Liquidity should be at the forefront of every purchase...
    Right now I can get 111 one ounce 2019 silver Brits for $2000.00   Which is better? 20oz. or 111ozs.?  Even if a guy were never to sell and pass it down to his kids, in 40 years at that ratio they would have thousands of ounces of extremely liquid coins instead of a bunch of one off hard to sell trinket's.
  14. Sad
    STONE got a reaction from Wackattak924 in Royal Mint Britannia bars   
    I will probably get flamed but that is one ugly bar. Baird, PAMP, Perth, Engelhard, Degussa, JM, now those are classy bars. Simple and elegant make a great bar. There is WAY to much design going on in that bar. Its like they had to much thought into it... Sorry, love my Britannia's but that thing is hideous.  
     
  15. Like
    STONE got a reaction from richatthecroft in Britannia 2017 20 OZ PF69 PRICE CHECK   
    Ungraded they are going for around $1400. A PF70 UC should fetch top dollar but this coin already has a few negatives going on. The design wasn't very popular for starters and now they make a 20 oz. version which reduces the quantifiable buyers market by even less. Your now trying to sell a coin to a subset of a subset of possible buyers. There is a reason MCM still has them in stock, its a very small few who actually want that coin. The royal mint still has the one ounce and five ounce 2017's IN STOCK!  That tells me they are VERY unpopular. Only 7500 one ounce minted and they have only sold 65% of the original stock. That is pathetic!  Don't fall for mintage numbers either its all a sales gimmick. If they mint a coin that has a mintage number of 10 and nobody wants it, it really becomes irrelevant. If you really want to know what a coin is worth, before you buy it, call around to the places you would sell to and see how much they will pay you for it. Call MCM tomorrow and tell them you have that coin in that same configuration and ask them what they will pay you for it. Prepare to be shocked because what you can sell it for is what it is really worth. In fact I challenge everyone on this forum to do that exact exercise BEFORE every purchase. It keeps things in perspective. Liquidity should be at the forefront of every purchase...
    Right now I can get 111 one ounce 2019 silver Brits for $2000.00   Which is better? 20oz. or 111ozs.?  Even if a guy were never to sell and pass it down to his kids, in 40 years at that ratio they would have thousands of ounces of extremely liquid coins instead of a bunch of one off hard to sell trinket's.
  16. Like
    STONE got a reaction from Wackattak924 in Britannia 2017 20 OZ PF69 PRICE CHECK   
    Ungraded they are going for around $1400. A PF70 UC should fetch top dollar but this coin already has a few negatives going on. The design wasn't very popular for starters and now they make a 20 oz. version which reduces the quantifiable buyers market by even less. Your now trying to sell a coin to a subset of a subset of possible buyers. There is a reason MCM still has them in stock, its a very small few who actually want that coin. The royal mint still has the one ounce and five ounce 2017's IN STOCK!  That tells me they are VERY unpopular. Only 7500 one ounce minted and they have only sold 65% of the original stock. That is pathetic!  Don't fall for mintage numbers either its all a sales gimmick. If they mint a coin that has a mintage number of 10 and nobody wants it, it really becomes irrelevant. If you really want to know what a coin is worth, before you buy it, call around to the places you would sell to and see how much they will pay you for it. Call MCM tomorrow and tell them you have that coin in that same configuration and ask them what they will pay you for it. Prepare to be shocked because what you can sell it for is what it is really worth. In fact I challenge everyone on this forum to do that exact exercise BEFORE every purchase. It keeps things in perspective. Liquidity should be at the forefront of every purchase...
    Right now I can get 111 one ounce 2019 silver Brits for $2000.00   Which is better? 20oz. or 111ozs.?  Even if a guy were never to sell and pass it down to his kids, in 40 years at that ratio they would have thousands of ounces of extremely liquid coins instead of a bunch of one off hard to sell trinket's.
  17. Like
    STONE got a reaction from Cking83 in Bars Photo Thread...   
  18. Like
    STONE got a reaction from JinKesef in How’s my pour?   
    Not bad!  Would like to see a .999 and weight stamp though...
  19. Like
    STONE got a reaction from mezmer1411 in Silver mules   
    I had to look that one up, never heard of it.
    "For those unaware of the meaning of the term mule, it is described as a coin mistakenly created with the obverse die of one coin and the reverse die of another coin. The terms origin refers to the offspring of a male donkey and female horse. Mule coins are generally rare and worth more than standard versions.
    The two silver coins affected by the error are the 2014 £2 Britannia silver bullion coin and the 2014 £2 Lunar Year of the Horse silver bullion coin. The Royal Mint estimates that approximately 17,000 Britannia silver coins were struck with the obverse intended for the Lunar coin and approximately 38,000 Year of the Horse silver coins were struck with the obverse intended for the Britannia coin."
  20. Like
    STONE got a reaction from AppleZippoandMetronome in Silver mules   
    I had to look that one up, never heard of it.
    "For those unaware of the meaning of the term mule, it is described as a coin mistakenly created with the obverse die of one coin and the reverse die of another coin. The terms origin refers to the offspring of a male donkey and female horse. Mule coins are generally rare and worth more than standard versions.
    The two silver coins affected by the error are the 2014 £2 Britannia silver bullion coin and the 2014 £2 Lunar Year of the Horse silver bullion coin. The Royal Mint estimates that approximately 17,000 Britannia silver coins were struck with the obverse intended for the Lunar coin and approximately 38,000 Year of the Horse silver coins were struck with the obverse intended for the Britannia coin."
  21. Like
    STONE got a reaction from MickD in Silver mules   
    I had to look that one up, never heard of it.
    "For those unaware of the meaning of the term mule, it is described as a coin mistakenly created with the obverse die of one coin and the reverse die of another coin. The terms origin refers to the offspring of a male donkey and female horse. Mule coins are generally rare and worth more than standard versions.
    The two silver coins affected by the error are the 2014 £2 Britannia silver bullion coin and the 2014 £2 Lunar Year of the Horse silver bullion coin. The Royal Mint estimates that approximately 17,000 Britannia silver coins were struck with the obverse intended for the Lunar coin and approximately 38,000 Year of the Horse silver coins were struck with the obverse intended for the Britannia coin."
  22. Haha
    STONE reacted to sovereignsteve in NEW SILVER PROOF BRITANNIA 6PC SET   
    Yes, look at the arse on that lion😂
  23. Like
    STONE got a reaction from StackSellRepeat in NEW SILVER PROOF BRITANNIA 6PC SET   
    The problem with buying it then sending it out for grading is they may come back at PFUC69 or worse at a 68. Now you have paid for the set, paid for grading and its still only worth your initial buy in cost because a 68 or 69 doesn't bring the value up much, if at all.  Its far better to buy a set that is graded already at PFUC70 (proof ultra cameo) Initial cost will be more but depending on collectability, eventually they will be worth more. It also depends on how many grade out at a 70. The less the better(scarcity)
  24. Like
    STONE got a reaction from Joe637 in SHTF Hypothetical   
    I see what your saying but silvers value is already within its self. "It is" money. Its barter ability has been proven throughout history. If I have 5 loaves of bread and you have silver to trade for it, the value will be established between you and me. We will find common ground when both party's feel that they are getting a good deal in the transaction. An ASE doesn't have its derived confidence of value based on "who" minted it but on the fact that its value is within itself just as a loaf of bread has value because someone needs it. Currently the USD is utterly worthless since there is nothing of "value" backing it. The reason it still works as a trade vessel is because of the "perceived confidence" in its value. People believe that if they receive a dollar they can turn around and use it again to trade for something else. When reality sets in and it takes thousands of those dollars to buy a loaf of bread people will not trade for them and will seek out a new form of currency. In a SHTF scenario, value will be placed on items that are necessary to survive or the trade ability in an item to be able to get what one needs. Whether its silver/gold, bread, toilet paper, ammo it doesn't matter because value is placed on an item based on necessity. Will there be people that don't understand the actual value of PM's in a SHTF scenario? Yes, but they will catch on quickly if they want to survive. Right now is an amazing time for silver, the fact that I can take something that has no value(FRN's) and trade it for something that is value(PM"s) is the deal of a lifetime. I don't compare the price of silver in dollars, its just a trade. Fake money for real money! Hell yeah! If you want to see silver and gold's real value based on FRN's have a look at the US debt clock, lower right hand corner. Silver is $598 and gold is $4796. There is a reason JP Morgan, Russia, China and many other big players are stacking precious metals hand over fist. They know the current monetary Ponzi scheme is cracking at the seams and at the end of the day the only real store of wealth is precious metals...
  25. Like
    STONE got a reaction from JinKesef in How do you stop milk spots?   
    Pacific silvercloth prevents milk spots. Been using it for a few years now, works great! https://silverguard.com/collections/authentic-pacific-silvercloth-by-the-yard
    Don't buy cheap knockoffs, get the real thing.