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Pete

Silver Premium Member
  • Posts

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    United Kingdom

Reputation Activity

  1. Super Like
    Pete got a reaction from bobski in Silver Monitoring Thread £ (GBP) only.   
    Keep on hoping !!
    ... from the European Mint ....
    Throughout this surge, gold has dominated headlines with record-breaking prices, whereas silver has not surpassed its peak 2021 price of $30.13, much less its historical high of $49.81 set in 2011. Despite silver's underperformance in recent years, several factors suggest it could be on the cusp of entering one of the strongest bull markets ever seen.
    Silver Demand Growing Rapidly:
       Silver has long been cherished for its dual role as a monetary asset and an industrial commodity. However, recent developments indicate that its value may be poised for a significant upswing.
    And why is that?
    Industrial Demand: With its unparalleled conductivity and reflectivity, silver is indispensable in a wide range of industrial applications, from electronics to renewable energy. As global industries continue to expand, the demand for silver is expected to soar. Monetary Concerns: In an era of unprecedented monetary stimulus and currency debasement, investors are increasingly turning to precious metals like silver as a store of value and a hedge against inflation. Silver's historical role as money makes it a trusted safe haven in times of economic uncertainty. Supply Constraints: Despite its essential role in modern society, silver production faces numerous challenges, including declining ore grades, geopolitical risks, and environmental regulations. These factors have led to supply shortages and may exert upward pressure on prices in the coming future.  
  2. Super Like
    Pete got a reaction from Jake0111 in Silver Monitoring Thread £ (GBP) only.   
    Keep on hoping !!
    ... from the European Mint ....
    Throughout this surge, gold has dominated headlines with record-breaking prices, whereas silver has not surpassed its peak 2021 price of $30.13, much less its historical high of $49.81 set in 2011. Despite silver's underperformance in recent years, several factors suggest it could be on the cusp of entering one of the strongest bull markets ever seen.
    Silver Demand Growing Rapidly:
       Silver has long been cherished for its dual role as a monetary asset and an industrial commodity. However, recent developments indicate that its value may be poised for a significant upswing.
    And why is that?
    Industrial Demand: With its unparalleled conductivity and reflectivity, silver is indispensable in a wide range of industrial applications, from electronics to renewable energy. As global industries continue to expand, the demand for silver is expected to soar. Monetary Concerns: In an era of unprecedented monetary stimulus and currency debasement, investors are increasingly turning to precious metals like silver as a store of value and a hedge against inflation. Silver's historical role as money makes it a trusted safe haven in times of economic uncertainty. Supply Constraints: Despite its essential role in modern society, silver production faces numerous challenges, including declining ore grades, geopolitical risks, and environmental regulations. These factors have led to supply shortages and may exert upward pressure on prices in the coming future.  
  3. Like
    Pete got a reaction from Cityman1 in Silver Monitoring Thread £ (GBP) only.   
    Keep on hoping !!
    ... from the European Mint ....
    Throughout this surge, gold has dominated headlines with record-breaking prices, whereas silver has not surpassed its peak 2021 price of $30.13, much less its historical high of $49.81 set in 2011. Despite silver's underperformance in recent years, several factors suggest it could be on the cusp of entering one of the strongest bull markets ever seen.
    Silver Demand Growing Rapidly:
       Silver has long been cherished for its dual role as a monetary asset and an industrial commodity. However, recent developments indicate that its value may be poised for a significant upswing.
    And why is that?
    Industrial Demand: With its unparalleled conductivity and reflectivity, silver is indispensable in a wide range of industrial applications, from electronics to renewable energy. As global industries continue to expand, the demand for silver is expected to soar. Monetary Concerns: In an era of unprecedented monetary stimulus and currency debasement, investors are increasingly turning to precious metals like silver as a store of value and a hedge against inflation. Silver's historical role as money makes it a trusted safe haven in times of economic uncertainty. Supply Constraints: Despite its essential role in modern society, silver production faces numerous challenges, including declining ore grades, geopolitical risks, and environmental regulations. These factors have led to supply shortages and may exert upward pressure on prices in the coming future.  
  4. Like
    Pete got a reaction from Dalriada83 in Silver Monitoring Thread £ (GBP) only.   
    Keep on hoping !!
    ... from the European Mint ....
    Throughout this surge, gold has dominated headlines with record-breaking prices, whereas silver has not surpassed its peak 2021 price of $30.13, much less its historical high of $49.81 set in 2011. Despite silver's underperformance in recent years, several factors suggest it could be on the cusp of entering one of the strongest bull markets ever seen.
    Silver Demand Growing Rapidly:
       Silver has long been cherished for its dual role as a monetary asset and an industrial commodity. However, recent developments indicate that its value may be poised for a significant upswing.
    And why is that?
    Industrial Demand: With its unparalleled conductivity and reflectivity, silver is indispensable in a wide range of industrial applications, from electronics to renewable energy. As global industries continue to expand, the demand for silver is expected to soar. Monetary Concerns: In an era of unprecedented monetary stimulus and currency debasement, investors are increasingly turning to precious metals like silver as a store of value and a hedge against inflation. Silver's historical role as money makes it a trusted safe haven in times of economic uncertainty. Supply Constraints: Despite its essential role in modern society, silver production faces numerous challenges, including declining ore grades, geopolitical risks, and environmental regulations. These factors have led to supply shortages and may exert upward pressure on prices in the coming future.  
  5. Super Like
    Pete got a reaction from HonestMoneyGoldSilver in Most desirable silver for bullion   
    Premiums usually stick to high quality bullion silver coins supplied in capsules from the Perth and Royal Australian Mints.
    Cheap bullion includes popular Britannias, Maples, Philarmonics and many others from all over the World.
    For some reason American Silver Eagles can often be priced higher than other bullion.
    Mexican Libertads can sell for high premiums based on mintages.
    Chinese Pandas also come in caps and are collectible and easy to shift.
  6. Like
    Pete got a reaction from AaaGee in Most desirable silver for bullion   
    Premiums usually stick to high quality bullion silver coins supplied in capsules from the Perth and Royal Australian Mints.
    Cheap bullion includes popular Britannias, Maples, Philarmonics and many others from all over the World.
    For some reason American Silver Eagles can often be priced higher than other bullion.
    Mexican Libertads can sell for high premiums based on mintages.
    Chinese Pandas also come in caps and are collectible and easy to shift.
  7. Like
    Pete got a reaction from ArgentSmith in Platinum Britannia   
    Not selling Pt - sorry - long term investment.
    Thanks @ArgentSmith
     
  8. Like
    Pete got a reaction from Esjayc in Pitfalls of buying Sovereigns on eBay... first hand experience!   
    As soon as you inform eBay that an item is not as described, eBay almost automatically takes the side of the buyer.
    Fortunate in your case but if you are the seller and shipping the correct items etc. it can be a frustrating and stressful experience.
    Judging by your seller's apology it suggests a library or downloaded photo was used which is naughty as you want to see exactly what you are purchasing, not a representative sample. This is especially true with coins as you want to see condition.
  9. Like
    Pete got a reaction from dicker in Pitfalls of buying Sovereigns on eBay... first hand experience!   
    As soon as you inform eBay that an item is not as described, eBay almost automatically takes the side of the buyer.
    Fortunate in your case but if you are the seller and shipping the correct items etc. it can be a frustrating and stressful experience.
    Judging by your seller's apology it suggests a library or downloaded photo was used which is naughty as you want to see exactly what you are purchasing, not a representative sample. This is especially true with coins as you want to see condition.
  10. Like
    Pete got a reaction from ArgentSmith in Can I buy platinum anywhere minus vat   
    Not in the UK unless it remains vaulted unfortunately.
    Another problem with Pt is the margin which I don't fully understand but it's down to supply and demand.
    When Pt is relatively cheap there is very little around to purchase.
    Considering that Pt historically was more precious than gold ( and higher priced ) you would expect margins to be similar to gold, or perhaps a little bit more, but not as high as they tend to be. Having said that people will still purchase Pt with its high margin and VAT included ( me being one ) and you would only loose out big time selling to the trade.
  11. Super Like
    Pete got a reaction from katyc in Monster Box Silver 2022 Brits sealed   
    Your minimum price target should be spot + 20% ( to include VAT paid ) so £590 per tube of 25.
    A dealer will only give you spot and most a bit less so this isn't a good route for you.
    I would never take a chance on SD shipping goods substantially above their insurance limit.
    You may find in the small print that doing so invalidates any insurance.
    Selling at £590 should attract lots of buyers on this site and hopefully they will move fairly quickly.
    Unfortunately as you are in a rush to sell all your silver then you will need to take the hit on price.
    If you can hold out longer then ask for higher prices.
  12. Like
    Pete got a reaction from Lyrinn in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  13. Super Thanks
    Pete got a reaction from Aldebaran in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  14. Super Like
    Pete got a reaction from stefffana in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  15. Like
    Pete got a reaction from treetop1280 in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  16. Super Like
    Pete got a reaction from Fenlander1 in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  17. Super Like
    Pete got a reaction from stefffana in Different thickness silver Britainnias?   
    Since silver has a fixed well specified density and the weight of 1 Troy ounce is precise, mathematically this means the volume is also fixed.
    Coins are stamped from blanks rolled into sheets of specified thickness so the only explanation is variable rim thickness.
    Maybe too much pressure during stamping squeezes a tiny bit of silver to the rim which then protrudes slightly.
    Measuring centre thickness of coins using a micrometer is tricky due to surface cameo but you might detect a difference.
    I've seen quite pronounced rims on some coins and also seen rims with a thin shard that peels off like swarf.
    I wouldn't associate this to a specific year but specific batches.
     
  18. Like
    Pete got a reaction from Silverman2U in Different thickness silver Britainnias?   
    Since silver has a fixed well specified density and the weight of 1 Troy ounce is precise, mathematically this means the volume is also fixed.
    Coins are stamped from blanks rolled into sheets of specified thickness so the only explanation is variable rim thickness.
    Maybe too much pressure during stamping squeezes a tiny bit of silver to the rim which then protrudes slightly.
    Measuring centre thickness of coins using a micrometer is tricky due to surface cameo but you might detect a difference.
    I've seen quite pronounced rims on some coins and also seen rims with a thin shard that peels off like swarf.
    I wouldn't associate this to a specific year but specific batches.
     
  19. Super Like
    Pete got a reaction from AOB in Monster Box Silver 2022 Brits sealed   
    Your minimum price target should be spot + 20% ( to include VAT paid ) so £590 per tube of 25.
    A dealer will only give you spot and most a bit less so this isn't a good route for you.
    I would never take a chance on SD shipping goods substantially above their insurance limit.
    You may find in the small print that doing so invalidates any insurance.
    Selling at £590 should attract lots of buyers on this site and hopefully they will move fairly quickly.
    Unfortunately as you are in a rush to sell all your silver then you will need to take the hit on price.
    If you can hold out longer then ask for higher prices.
  20. Super Like
    Pete got a reaction from Fenlander1 in Monster Box Silver 2022 Brits sealed   
    Your minimum price target should be spot + 20% ( to include VAT paid ) so £590 per tube of 25.
    A dealer will only give you spot and most a bit less so this isn't a good route for you.
    I would never take a chance on SD shipping goods substantially above their insurance limit.
    You may find in the small print that doing so invalidates any insurance.
    Selling at £590 should attract lots of buyers on this site and hopefully they will move fairly quickly.
    Unfortunately as you are in a rush to sell all your silver then you will need to take the hit on price.
    If you can hold out longer then ask for higher prices.
  21. Super Like
    Pete got a reaction from James32 in Monster Box Silver 2022 Brits sealed   
    Your minimum price target should be spot + 20% ( to include VAT paid ) so £590 per tube of 25.
    A dealer will only give you spot and most a bit less so this isn't a good route for you.
    I would never take a chance on SD shipping goods substantially above their insurance limit.
    You may find in the small print that doing so invalidates any insurance.
    Selling at £590 should attract lots of buyers on this site and hopefully they will move fairly quickly.
    Unfortunately as you are in a rush to sell all your silver then you will need to take the hit on price.
    If you can hold out longer then ask for higher prices.
  22. Thanks
    Pete got a reaction from Muncle in Different thickness silver Britainnias?   
    Since silver has a fixed well specified density and the weight of 1 Troy ounce is precise, mathematically this means the volume is also fixed.
    Coins are stamped from blanks rolled into sheets of specified thickness so the only explanation is variable rim thickness.
    Maybe too much pressure during stamping squeezes a tiny bit of silver to the rim which then protrudes slightly.
    Measuring centre thickness of coins using a micrometer is tricky due to surface cameo but you might detect a difference.
    I've seen quite pronounced rims on some coins and also seen rims with a thin shard that peels off like swarf.
    I wouldn't associate this to a specific year but specific batches.
     
  23. Thanks
    Pete got a reaction from Arian2020 in Different thickness silver Britainnias?   
    Since silver has a fixed well specified density and the weight of 1 Troy ounce is precise, mathematically this means the volume is also fixed.
    Coins are stamped from blanks rolled into sheets of specified thickness so the only explanation is variable rim thickness.
    Maybe too much pressure during stamping squeezes a tiny bit of silver to the rim which then protrudes slightly.
    Measuring centre thickness of coins using a micrometer is tricky due to surface cameo but you might detect a difference.
    I've seen quite pronounced rims on some coins and also seen rims with a thin shard that peels off like swarf.
    I wouldn't associate this to a specific year but specific batches.
     
  24. Like
    Pete got a reaction from SilverDrum in Full set of Queens Beasts 2oz with 2 Completers   
    So true.
    Great for buyers, less so for sellers.
    Silver ( and platinum) compared to gold are crazy, so add if you can but is gold likely to see a big correction ?
    Maybe with geopolitical sh!t, wars etc. gold will continue to rise but I don't understand why the other PMs don't follow.
  25. Like
    Pete got a reaction from Tn21 in SILVER DEALS - (UK & Europe) See a deal, post it here   
    The Royal Mint really screwed many of us avid stackers when they announced the new £20, £50 and £100 "legal tender silver coins " before instructing the banks not to accept them. Yes they are half ounce in silver but the £20 value is stamped on the coin whereas the 1 ounce Britannia is stamped £2. The only time I believe, today, you can use the higher value coins is paying a court fine. I wonder if the Inland Revenue accepts them for paying a tax bill ? At the time it cost £20 for a £20 legal tender coin so why wouldn't anyone not wish to buy these.
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