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SamCW

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  1. SamCW

    completed Perth mint silver

    Pm'd
  2. SamCW

    2019 oriental border

    Nice, but I prefer the last set tbh! New one looks a little cluttered IMO.
  3. SamCW

    withdrawn Gold 1/4oz Queen's Beasts Lion

    @kneehow2018 Thanks for the coins mate! Turned up nice and quick and look great! Packaging was bullet proof!😆
  4. SamCW

    Market Corrections, Crashes & Silver Prices

    Thank you to everyone that has commented and contributed so far on this thread, I'm glad that it has been of interest to some of you as much as it has to me. Admittedly, it is very cherry picked data as @vand and some others have pointed out. But it serves as basic illustration for the crux of the discussion.
  5. SamCW

    Market Corrections, Crashes & Silver Prices

    I agree that paper trading is a more effective way of capitalising on market fluctuations. But similarly to Kevin, I’m not savvy enough yet to take a meaningful position with an acceptable margin of safety. I have found physical metals far more accessible while I learn. With that in mind, my plan is to stay in physical while I learn, then move across when I am ready. But with a view to maintain some metal. In the mean time I can pretend to be a pirate 🏴‍☠️
  6. SamCW

    Market Corrections, Crashes & Silver Prices

    @KevinFlynn I am of a similar mindset. I think 1:32 is a solid ratio and something that I would certainly like to rebalance to... Gotta keep a bit of room for a shiny extra 😎 after all you might as well have some fun along the way!
  7. SamCW

    Market Corrections, Crashes & Silver Prices

    @Pete Haha audience members watching dancing on ice had me in bits 😂 I do agree with you on the GSR rebound, but how high it will go is of course open to speculation. I, for one, certainly wouldn't complain if it rose significantly.
  8. SamCW

    Market Corrections, Crashes & Silver Prices

    @HawkHybrid Thank you for your reply. May I ask what your GSR is roughly?
  9. Hello all, Was having a chat to a friend this morning about precious metals as an investment and we got to discussing how well they fare during a severe market correction, particularly silver. I thought this might be an interesting discussion to bring to TSF. Forgive me if this is covered ground. The gist of our conversation was as follows: "Yes, a large portion of collectors/stackers are in this for the long haul and many have been in it for a while and we all have our own reasons for investing. It's hard to deny that a lot of people are in it as a hedge against a SHTF scenario and a potential fiat collapse etc, but let's step away from that and ask "what if the market simply goes through an aggressive correction eg 40-50%?" Historically when the market has crashed silver has, more often than not, dropped with it while gold prices have remained relatively stable or have seen a slight uptick. (See attached image) Being that we are due a correction in the market, what are your thoughts and approaches to your current positions in precious metals? Are you keeping any cash on hand to capitalise on a potential price drop? Do you think it will go the other way and silver will perform strongly? With the current GSR being so high, silver is constantly being touted as the 'investment opportunity of a generation'... but what if it's about to take a bit of a heavy hit to the proverbials?" FYI the majority of my position is in silver. I just though it would be great to see what some of your thoughts on it are?
  10. SamCW

    Greetings & Happy New Year

    Keep an eye on the gold/silver ratio. Silver is moving atm but is still vastly undervalued against gold. So you could consider buying silver now, wating for it to climb back to a more favourable ratio, then using it as a vehicle to get to gold. So unless you can get gold for less than spot rn I would buy silver. But that’s just my opinion! 😆
  11. SamCW

    Greetings & Happy New Year

    Depends what you’re looking to buy. For me, I have found silvertogo.com offers great prices on smaller coins (1oz etc) and if you’re looking for something bigger, the cheapest kg of metal I could find over the last few days was actually a 1kg koala or kookaburra from eu mint (thanks to @BackyardBullion) but it depends where BYB is sourcing the order from. Either way, enjoy and good luck on your order dude!
  12. SamCW

    Greetings & Happy New Year

    Hi Jack, welcome to the forum! I too am new here and everyone has been fantastic. Great community of people. All the best with your portfolio in the new year!👍