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SiliconToad

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    Massachusetts, USA

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  1. I recently picked up an Australian Kookaburra because I need one of that series for my bullion coin collection. Wasn't too excited about it, design didn't really speak to me looking at pictures online, more checking a box on my collection list. But when I received it, it is a truly amazing coin - perhaps my favorite of all my bullion coins. I'd recommend having at least one.
  2. May as well read chicken bones with a splash of raven's blood on them. If technical could give you even nanoseconds of "foresight," the algorithms would be making money hands over fist. Banks here in the states pay huge money to have their serves right next to the exchanges to shave nanoseconds off trades, have experimented with automated buy/sell programs. They found there was more money in being a middle man between 3rd party transactions - specifically because there is no technical measure that can give "foresight."
  3. I like buying one of each bullion coin from various nations for as a collectors hobby. I like buying certain rounds that I find particularly attractive, also as a collector's hobby (observing a personal rule that I don't spend more than 1.5x the melt, necessary to keep my hobby from becoming "excessive"). Never was, never will be a stacker. However, that said, it does seem to add up - doesn't help I have a fondness for 10oz pieces like the QB. I think that most folks will buy precious metals for the same reason now as throughout history - they are shiny.
  4. The whole gold/silver ratio argument seems to me like a chicken bone in the technical analysis's voodoo bag. Yes, there is a ratio of how much of each metal comes out of the ground, but there are huge variables. Silver is often mined as a byproduct of other metal mining, its a industrial metal, and it's generally not used as a means to transfer meaningful wealth from government-to-government in modern times. There is no gold/silver ratio that makes sense. Rather, silver is it's own product, a commodity that has costs of production and market value.
  5. Bars in the 10 oz range tend to be a good weight class for the pure stacker, often the best trade off between lowest initial premiums and liquidity. I can't speak to RCM bars specifically, but other generic 10 oz pieces I've purchased liquidate near instantly at $0.50 under spot to coin shops or at spot selling direct to a buyer. If one is willing to wait for the right buyer, can often get about half of the going premium back. Some folks collect bars from certain mints or styles, which can fetch a high premium, though I've never seen the appeal myself. But to each their own.
  6. Can't wait to get this coin. I have the other 10 oz BUs, really looking forward to adding the bull to my collection. I do have to say I'm kind of sorry for folks across the pond. We are able to buy the coin on pre-order for $183 USD (138 GBP) with free shipping [providentmetals.com] AND it's available a week earlier. How do we get a coin from the Royal Mint in the States before folks in the UK? 🤔
  7. They are in stock and run $20.64 USD (15.58 GBP) each (less at volume) at my favorite online dealer here in the States (Providentmetals.com). Too expensive for a bullion coin imo, when I can get a maple leaf for $17.64, a silver eagle for $18.54 or Britannia for $18.04. Hell, even a queens beast yale is $18.44/oz for a single coin and is prettier despite the diseased carcass it features. Note: I love the QB series, collecting all the 10 oz BU versions.
  8. IF a central bank is owned by the super rich, or influenced by political pressure. In the States (I think in the UK and EU as well), there is supposed to be a firewall (what ever that means) between central banks and political institutions. The central banks aim for a certain amount of inflation in the context of economic activity, wording of a given charter not withstanding. When the system works like it's supposed to, central banks inject fiat into a contracting economy that allows small business to access credit and stimulate economic growth. It also makes hoarding capital a liability as its real value is decreasing, thus encouraging the super rich to invest their money into businesses that further stimulates economic growth. Conversely, if money supply freezes (which happens on a precious metal standard), no one has money to buy anything, businesses fail, less money to buy things while the rich save their money to protect wealth due to fear and a deflationary spiral sets in as prices continue to drop but no one has money to buy. Historically, the only way out of the spiral is social unrest leading to a political reset (and the unpleasantness associated with that) or breaking of the monetary system to allow for inflation (as has happened more recently with an orderly transition off a given PM standard).
  9. SiliconToad

    Price drop

    Gold, Silver Bulls Fade As Traders Favoring Paper Assets Basically, global economic activity is strong and the US Fed chair said they are going to refrain from increasing interest rates. Unfair to the world, perhaps, but since the USD is the global reserve currency and gold/silver is generally traded in USD, this is where the impact is coming from. And "favoring paper assets" means more shorts on the market. 😐
  10. Nail on the head, which is actually a real thing, and one of many reasons the precious metal standard was abandoned by every developed free-market economy. Any fear in the market and big players hoard the currency (described as the amalgamation of wealth back in the day). The ability to inflate fiat forces money back into economy to drive growth, a nice side effect also being to remove fiscal policy from super rich into the hands of a central bank.
  11. That's super nice, great job. It would be interesting to see your equipment list. 👍
  12. Wouldn't make assumptions, very likely to depend on the terms of the specific institution. And during a liquidation due to insolvency, even if you had a contract in your favor, it could very well go in front of a bankruptcy judge to make the final call (here in the USA, at least). The creditors will likely have a legal team to pursue their interests.
  13. Didn't you see the flat-earth coin BYB showcased on Youtube not long ago? The signs have been written in silver, my friend!
  14. Even if the metal in a vault is there, one of the reasons to own precious metals is if in a financial crisis one has immediate access to an asset that can be bartered with. It's rather likely that if you were in a place like Argentina during their crisis or India when they recalled their currency you would be unable to access your vault due to withdraw regulations imposed at the 12th hour. Conversely, if you are hedging against inflation with no expectation of ever seeing the physical product, then there are better vehicles than paying for gold and ongoing fees for someone else to protect it (for most people).
  15. Agree with above. Also, this is not only an EU problem - here in the US many states have residents pay sales tax on their silver purchases. It's not as high as VAT, but if you are someone who is looking for a vehicle to store wealth, not to generate it, this is a huge issue. If a person went to buy any other investment that promised inflation adjustment only with risk of loss and they wanted 6.25% of your principle (tax in MA, USA) + premiums upfront, most people wouldn't put their money there.