bluemoon

Its over folks. Time to swap all that worthless metal back into regulated fiat where banks will look after your money and keep you safe from conspiracy theorists telling you to gamble with gimmicks outside the official monetary system. If gold was so good, the BBC and government would be recommending it through their officially regulated media channels. The don't do so because they know better than we do about economics. We ran away from our parents, now it's time to run back and never leave their bosom again.

Would also be interesting to hear if it triggers an investigation.

Lab grown gold could undermine its status as a store of value. https://goldzouq.in/blog/science-of-lab-grown-gold/. I'm watching the diamond industry as a guide to how gold could go. So far, real diamonds retain their value over lab grown. We'll see if that changes. Question is is gold is no longer a store of value in the future, what could take its place?

So this is what it feels like to hold bitcoin.

Ah, you're right. Well it's only Monday and I'm already being dense.

This comment on LinkedIn was interesting. Anyone done this? I assume you would need a way to get Russian rubles? "If you hate buying gold at the top, change your money to Russian Rubles and buy your gold at 20% below the high point. It’s still early." https://www.linkedin.com/feed/update/urn:li:activity:7183112077811552256?updateEntityUrn=urn%3Ali%3Afs_updateV2%3A(urn%3Ali%3Aactivity%3A7183112077811552256%2CFEED_DETAIL%2CEMPTY%2CDEFAULT%2Cfalse)

Never researched this, but I assume tubes are ABS plastic? Does anyone know? It's obviously not PVC. One could just keep them in tubes with maybe a silica gel pack. I opened a tube last week after 5 years since buying it and the top coins had milking, but the dealer had been handling them when he put them in.

It's not just the storage space either, but how you store it also brings up issues. Store it within PVC plastic and the silver will turn black. Keep it expose to air and it will milk. In fact it seems if you even sneeze in the presence of silver while in storage, something will happen to it.

I've seen YouTube sponsors of the "Dirtyman Safe" and the concept is excellent, but it's getting too well known to the point that burglars will know to scan your garden with a metal detector at night while you're asleep. It's also way overpriced.

This should see them off.

Could someone explain why the GBP spot price of silver is dearer in China? I thought the spot price of silver is the spot price of silver.

Gold is doing its best cocoa impression right now.

Come on silver my attention span is short. I need my dopamine hit.

A rational-talking silver stacker, that's what I like 👍. Seems almost novel after spending a couple of hours on YouTube.

Those American YouTubers are nuts! Their target audience are naive enough to part with money for the "advice" on Substack and various newsletter courses. Money they could have spent buying silver. I would wait for a dip on gold for now, unless you can get a good deal on a Sovereign or something.