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billp

Silver Premium Member
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  1. Like
    billp reacted to Lowlow in When Siver goes through the roof!   
    I know what I would do, because .. I did it .. after lows in the 1990's I stopped buying once silver started heading north of 20$us/oz.
    In future, if it went really high, I think it would depend on WHY it went really high in price.  If it was because of currency devaluation, there's no point in "selling" silver (i.e. trading for paper money) because the "high price" is only "high" because the money is worthless, so even though you're making bank vs. your currency, you're just breaking even against food and gasoline.
    If, however, it went through the roof because of speculative buying, then that's a good reason to sell.
    I personally think another good reason to trade out of PM is vs. other commodities .. so, if, for example, the GSR was really high (like it is now) then disregarding the European silver embargo (VAT) it would probably be smart to trade out of gold and into silver, then back again when the GSR is low.  I can think of other commodity trades where that would make sense too if other commodities were cheap enough vs PM.
  2. Like
    billp reacted to JunkBond in GOLD DEALS - See a deal, post here :)   
    Also dragon, griffin and unicorn
  3. Like
    billp reacted to ogb777 in GOLD DEALS - See a deal, post here :)   
    1oz lion queens beasts 2 available at hgm £1026 each:
    http://www.hattongardenmetals.com/buy/pid317/1oz-gold-q-lion-coin.aspx
  4. Like
    billp reacted to terakris in **April 2018** Group order from European Mint   
    I think it makes sense to only take orders on coins that are  in stock, as we have seen when they expect delivery this can be delayed. So for instance I want some coins from GS.BE but am waiting for the next group buy. some of the coins I want are due this month but unless they are in stock when I order then I cant order them, if they come in stock before the end of the GB then i can add them on, otherwise I have to wait to next month.
    I would think thats the fairest solution all round so 1) we dont hold up other peoples orders (and being someone that ordered some dragons, im very sorry to everyone else!) and 2) dont create mad influx or more work for BYB who kindly organises these. Also, with the delay now looking towards the end of the month, does that mean we now dont do a May GB as its going to be too much for BYB to deal with... have to take his hard work organising this into consideration i think.
  5. Like
    billp got a reaction from Goldmick in **April 2018** Group order from European Mint   
    Hi BYB,
    Just had a thought when I was ordering some goodies on the Group Order. I think it would be a good idea if someone from the group who is IT proficient could produce a simple order form to help the ordering process.. This could simplfy the ordering process and might make life a little easier for you as everyone would be using the same format. The form could list all the usual suspects such as 1oz Brits,  2 oz QB'S, Eagles, etc. Anyone wanting to order something not on the list could simply add the item they want to order in a blank spaces at the bottom of the form. You could add whatever you like on the form such as, your disclaimer, a column for name, date etc. This could help to clear any ambiguity that may arise.
    I would have a go myself but afraid I'm not too clever with this type of thing. If you think it could be a goer - we could ask for a volunteer(s) from the group to produce a draft form, and then ask the group for suggestions to tweak the draft into something that everybody is happy with.        
  6. Like
    billp got a reaction from Goldmick in **April 2018** Group order from European Mint   
    Hi BYB,
    Just had a thought when I was ordering some goodies on the Group Order. I think it would be a good idea if someone from the group who is IT proficient could produce a simple order form to help the ordering process.. This could simplfy the ordering process and might make life a little easier for you as everyone would be using the same format. The form could list all the usual suspects such as 1oz Brits,  2 oz QB'S, Eagles, etc. Anyone wanting to order something not on the list could simply add the item they want to order in a blank spaces at the bottom of the form. You could add whatever you like on the form such as, your disclaimer, a column for name, date etc. This could help to clear any ambiguity that may arise.
    I would have a go myself but afraid I'm not too clever with this type of thing. If you think it could be a goer - we could ask for a volunteer(s) from the group to produce a draft form, and then ask the group for suggestions to tweak the draft into something that everybody is happy with.        
  7. Like
    billp got a reaction from BackyardBullion in Join me as I LIVE pour & Stamp 1 oz Silver Forum Bars!   
    really interesting video, enjoyed watching this
  8. Like
    billp reacted to Mildred in The price of silver   
    Six, money as "store of value" vs. as "what get accepted as payment because has a value that can be converted to something else".
    I prefer steve's definition because it addresses more than yours the peculiar properties of what we call money, namely medium of exchange  and measure of value, but that's not the point. The point is, discussing if gold is money or not is useless when we have a different understanding of what money is.
    Steve, you didn't answered my questions because yes would contradict your statement, no would be absurd, but you are over 6,000, I'm 12, I respect that 
    I'll close my contribution to this issue with the good old argumentum ad verecundiam
     
     

     
     
  9. Like
    billp got a reaction from Janeey in GOLDSILVER.BE TERRIBLE !   
    Thanks for sharing. To me (as a newbie) this is what a forum is all about - sharing your expriences, good or bad with the rest of us. It allows us to make our own judgement as to whether we would use such a company in the future.      
  10. Like
    billp got a reaction from Janeey in GOLDSILVER.BE TERRIBLE !   
    Thanks for sharing. To me (as a newbie) this is what a forum is all about - sharing your expriences, good or bad with the rest of us. It allows us to make our own judgement as to whether we would use such a company in the future.      
  11. Like
    billp got a reaction from Janeey in GOLDSILVER.BE TERRIBLE !   
    Thanks for sharing. To me (as a newbie) this is what a forum is all about - sharing your expriences, good or bad with the rest of us. It allows us to make our own judgement as to whether we would use such a company in the future.      
  12. Like
    billp got a reaction from fehk2001 in Hello   
    Hi guys,
    What a great forum. I have learnt a lot from you guys already.  I've only recently started stacking silver, although I have a small coin collection.  Maybe time to trade in some of these as I am finding stacking silver quite addictive. 
    Cheers for now
    billp     
  13. Like
    billp reacted to Paul in Gold & Silver storage   
    Storing Gold/Silver Bullion   Whilst there are no right or wrong answers about what is the exact perfect solution to this area of investment, i have pieced together a  small article that hopefully helps new stackers or even established stackers may learn a few new things to about personal storage     The physical possession and control of your bullion is one of the main benefits of investing in physical gold bullion over using electronic/paper gold/ETF's      Allocated Storage   The biggest players out there in the UK are the likes of bullionvault & goldmoney in the channel islands   Bullion by Post has now offered the option of using allocated storage with Brinks Allocated storage offers investors a safe method of storing bullion. But it is an area of debate amongst forum memebers, there are pros and cons and also additional costs    Whilst i have no reason to doubt everything they say is true.  Putting all your eggs in one basket with them could be risky. But saying that i do have a proportional of my precious metals investments in both bullionvault and goldmoney     Safety Deposit Box   A safety deposit box within a bank offers a gold storage solution backed by the additional security measures taken by the bank. But are very hard to get these days in the UK   However, safety deposit boxes require a monthly/annual fee and in the unlikely event the bank was breached and personal deposit boxes compromised,  It is my belief you would not be insured as you do not declare what is contained.  Whilst used to be common place safety deposit boxes are becoming increasingly scarce UK wide, sourcing one locally maybe difficult.   There are several safe deposit centres in London, from my searches Metro Bank offer them also Selfridges Dept Store Oxford Street       Safety deposit centres might seem a good option it is certainly not without risk    http://www.dailymail.co.uk/news/article-1362561/Bank-gangsters-Police-open-7k-safety-deposit-boxes-discover-50m.html     Home Safe   Whilst it might be the first thing to think of as the safest option home safes are a popular method of storing your gold investment.  A dirty great big safe found under the stairs will say one thing to a burgular....... hhmmmmm ......whats inside ??   Older large safes can be found for very small costs.  But they 'look the part'.   Use this as your 'decoy' and then your stack could be stored in your chosen concealment spots,  A 1oz gold coin measures about the size of a £2 coin, but hold a near £800 worth of value.  use the bulky large safe as the decoy to so they take their "eyes off the prize"   Discrete safes can also come in the form of much smaller floor safes, wall safes, or hiding your safe in the loft or basement of your home.    It is also a bone of contention about whether it is wise to insure your gold/silver bullion at home, declare it on your home contents  insurance and it adds another set of eyes who know you have bullion stored at home.  However on the flip side you know you are covered  in the unfortunate event your property was burgled.    You would also expect an additional premium to be added to your insurance    It has been said on several USA forums that gun cases offer a good solution for silver storage, given silver by its nature ofg being bigger than gold the amount of cubic inch space available in a gun safe is much bigger   However, with home safes it is important one other person has the information to access your bullion if anything ever happened to you.   Again, it is crucial you are discreet, keep the number of people aware to the very minimum.  If you maybe be doing something you should include your wife !   You don't know what a women is really like until you divorce/cheat on her !     It is advised that you don’t share this information freely with people including family members, friends and acquaintances.  Really the fewer people who know you are in possession of bullion, the better.      Creative hiding places   A USA survey said "The Chicago Crime Commission stated that a burglar spends an average of 6 minutes in a victim's home. Put the odds in your favor"   If you are a relatively modest investor of physical bullion bars and coins, then a popular and cost effective method of storing it is at home.  Again, if you do opt for this method of storing your bullion at home, then be creative.  Hide it somewhere unusual, somewhere where if you did encounter an intruder, they would not stumble across it by accident.   Remember gold does not tarnish or damage.  It is will still be GOLD even it is buried   I remember reading years ago when WW2 broke out a Jewish family man got all of his gold smelted down and had them cast as massive door hinges for the all the doors in his house and painted them black the Germans came and rounded them up and sent them off to the concentration camp.    After the war ended and he returned to his home. The gold was all still in tact, he still had his wealth albeit in black coloured hinges instead of recognizable gold coins     Valuable “Rocks” (taken from goldsilver.com)   Camouflaging your storage site into the local topography is a time-tested solution.   Rocks typically do not draw much attention and can fit into a variety of landscapes.   Artificial rocks with hollow storage cavities can be purchased online through a simple internet search.   Search results will feature a wealth of shapes, sizes, and colors, ranging in capacity to accommodate a few dozen to several hundred ounces.   This solution is essentially fireproof and can be extremely labor intensive in the event of theft.   Precious Pets :  Pet Beds or Cat Litter Boxes    Dog beds and cat litter boxes offer ideal spaces for concealment, typically having embedded in them several layers which can provide ample space for storage.   The only limitation to this option are the depth and width of the litter box or pet bed.    Ensure the storage container is reinforced for protection against your own pet and that the box or bed is reassembled properly.   The scent and appearance of the storage site will limit the attention any burglar gives to the area.   Silver Soil: Gardening Pots   The density and weight of larger gardening pots can make them ideal for storing larger quantities of precious metals.  Their bases can be altered to feature a spacious non-visible compartment within.   Larger pots can weigh several hundred pounds and require skill to successfully penetrate, reducing the probability of theft.   The layer of soil acts as a protective fireproof barrier.  A larger base can work well for several dozen coin tubes or even bars.   Remember to always waterproof your metals before storing.   Prized Pipes   Pipes are both abundant and distributed throughout most homes.   A gas or water pipe which is no longer in use is ideal.  Caps can be added to the ends of pipes to hold additional metals.   Coins can easily be hidden either within a non-functional pipe or within a pipe cap you may easily purchase.  Pipe storage also is a theft deterrent because of the unlikelihood that a time-constrained intruder will have time to scan your entire plumbing or gas pipelines system.   Golden Flames: The Fireplace   Incorporating your storage site into a living space is one of the best solutions for concealing your stash.  Rooms associated with leisure are often the last location a culprit would search. This solution may require some masonry work in creating a compartment within the base or along the walls of the fireplace.  The compartment can be customized to meet your storage needs.  Once finished, seal the compartment, and you now have a sturdy, fireproof storage solution.   Final Thoughts on How to Hide Your Gold Silver   Almost any storage solution can be customized to meet your unique security and living configurations.  As with any investment choice, diversification of risk is an important part of the process.  Using multiple locations will not only mitigate your risk but alos give you peace of mind.  Do not limit yourself to your own dwelling; there is a limitless array of options in the outdoors.   Your own creativity is the only limitation in finding the ideal storage solution(s).   Flexibility is critical, and most importantly, use diversification of location to safeguard your metals against the most probable and improbable scenarios.     Search terms for creative hiding places from google yield several excellent sources to helped me pen the above  :   http://www.stashvault.com/   http://www.apartmenttherapy.com/8-secret-spots-to-hide-valuables-at-home-190982   http://www.pinterest.com/fbeaulieu1/hidden-storage-spaces/   http://www.pinterest.com/tammyklick/secret-hiding-places/   http://cdn.preterhuman.net/texts/survival/Connor,%20Michael%20-%20How%20to%20Hide%20Anything.pdf   http://www.familyhandyman.com/home-security/20-secret-hiding-places/view-all   http://www.misdefenseproducts.com/Hiding-Places-for-Valuables-p-1-c-272.html   http://www.amazon.co.uk/HIDDEN-COMPARTMENT-Secret-Silver-Jewellery/dp/B008GDD6KY   http://www.amazon.co.uk/Imitation-Double-Plug-Socket-Security/dp/B00G2MNR5U/ref=pd_sim_kh_4?ie=UTF8&refRID=0BTE581RKHFM1TD98YA2   http://www.amazon.co.uk/DREAMdirect-63581-Safe-candle/dp/B000FO6MS0/ref=pd_sim_kh_5?ie=UTF8&refRID=0BTE581RKHFM1TD98YA2   http://www.amazon.co.uk/Sterling-801CD-SafeCan-Collins-Dictionary/dp/B002FGCB5E/ref=pd_sim_kh_6?ie=UTF8&refRID=0BTE581RKHFM1TD98YA2   http://www.amazon.co.uk/Helix-Paperback-Concealed-Security-W61022/dp/B000WTXEIE/ref=pd_sim_kh_10?ie=UTF8&refRID=0BTE581RKHFM1TD98YA2   Google terms to search out :   secret stash Secret safes Secret wall safes Key stone Safe Safe key hiders Stash boxes Hollow books
  14. Like
    billp got a reaction from fehk2001 in Hello   
    Hi guys,
    What a great forum. I have learnt a lot from you guys already.  I've only recently started stacking silver, although I have a small coin collection.  Maybe time to trade in some of these as I am finding stacking silver quite addictive. 
    Cheers for now
    billp     
  15. Like
    billp got a reaction from fehk2001 in Hello   
    Hi guys,
    What a great forum. I have learnt a lot from you guys already.  I've only recently started stacking silver, although I have a small coin collection.  Maybe time to trade in some of these as I am finding stacking silver quite addictive. 
    Cheers for now
    billp