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SiliconToad

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  1. My understanding is that somewhere between 1-2% of the total above-ground gold supply is mined each year. The numbers can vary based on the source, but something like 3000 tonnes are mined in a given year that is added to a 190,000 tonne supply. Given that gold has less industrial use than other precious meals, what is mined is largely still available. So it seems to me there should be a downward price pressure from the addition to supply over time (say 1-2% per year), but I don't really see anyone talking about this so there must be something else at play here. Does anyone here have thoughts on this?
  2. For you, that's true. But it is a collection hobby for lots of folks, myself included. For example, I collect one oz of each of government silver bullion coins. ASE, maple, Britannia, Krugerrand, etc. - don't really want more than one. And then there are cool silver series, like the Dragons rounds from Provident or the Queens Beast 10 oz cons from the Royal mint. The point is people chase the shiny for different reasons, none of them right or wrong.
  3. SiliconToad

    Coin capsules:

    The 10 oz Maples are 76.2 mm, so an Air-Tite Z10 Direct Fit capsule (76.8 mm) should work for it. I've linked to an ebay auction here for reference.
  4. SiliconToad

    How Low

    When people are selling in disgust at the low prices, that's the time to add to your holdings. When fear drives panic buying, that's the time sell off the stack.
  5. Collectors collect things for a variety of reasons, usually to feel good in my opinion. I also think it's really no different for gold/silver collectors or stackers. They just have financial elements, right or wrong, entwined in the emotion. Honestly, imho, gold and silver have no more tangible value than any other durable, rare good in today's day and age. Rather, its about the warm and fuzzy feelings rooted in one's worldview that these metals reflect back toward the person who systematically acquires them.
  6. I like the copper rounds that match my silver rounds. For example, just ordered the 5 oz aztec calendar and 5 oz copper version for a really nice contrast in the display. TBH, its less about metal stacking and more about creating a profitable product that can leverage current minting infrastructure. The melting characteristics and mass of copper (not to mention abundance/price) make it a natural choice to add an extra $1 premium for a matching silver product. Fair enough - I like 'em. But if I were looking for purely industrial metals to stack, I'd consider the (less-toxic, more stable) rare earth elements. Been thinking of picking up some Hafnium, decent play on the nuclear and semiconductor markets, but in reality I'd just like the looks of it among my other metals.
  7. If you are inclined, OP, it would be interesting to hear how you made out moving 10k oz of silver once you've got it all settled. Folks talk quite a bit online and on youtube about exit strategies, but there is little commentary from people who have actually done it at scale. I think it would be interesting and a useful experience to learn from.
  8. My silver isn't out of sight. I keep an ASE in my pocket to fumble with during the day, have a stack of rounds on my desk that I play with and a display case in the sun room (tea room in the UK?) where I admire my shiny bits. But I'm not a heavy stacker, just have a number of different government coins (one of each type is sufficient for me) and bullion that speaks to me. Still not a cheap hobby, but less expensive than buying canvas art, restoring a vintage car or keeping a boat.
  9. SiliconToad

    Interesting

    I found the source article, linked here [Metallomics Journal] and a commentary, linked here [Phys.org]. The title is a bit misleading - what the researchers did was use bacteria to aggregate and participate otherwise difficult to extract gold-containing compounds in solution. It's not "making" gold, just converting a gold compound into a gold precipitate. Still cool tech, but probably won't be robust enough for commercial mining. And even if it were, mercury extraction is likely orders of magnitude more efficient if one doesn't care or have to deal with the safety/environmental problems associated with its use. With regard to actual "alchemy," I think it's a matter of time, perhaps not in our lifetimes, before folks are able to generate energy at a level where knocking neutrons off atoms on a commercially viable scale is possible. This would allow the easy production of an array of stable elements that are otherwise difficult to obtain, gold being the chief suspect.
  10. @Wolves I don't understand why there should be any particular price ratio of silver to gold. When the metals were pegged to each other though a currency, then the ratio of metals to each other and their related fiat made sense. Very problematic, but made sense nonetheless. These days, the metals are mined differently, have different applications and are viewed as different asset types linked only by being in the same "basket" at the government/central banking level. Silver could drop to $0.50/oz and gold could rise to $10k/oz and it would make the same sense as if the metals found 1:1 parity.
  11. @Michal Because I like the look and feel of it. It's like low-cost art in that it does have an intrinsic value. But you are correct that I don't believe it to be a very good investment or hedge in the modern age, and that my feelings are the only reason precious metals were used for currency in the past is that it was the best anti-counterfeiting technology of the previous periods.
  12. For me, direct impacts are: Silver deal threads have led to several impulse buys of shiny baubles Became aware that I must, MUST have variations of several coins that I thought were covered in my world bullion collection. e.g. incuse maple, oriental border Britannia. Introduced me to the queens beast series that got me collecting the 10 oz silver versions Learned more about VAT in practice than I ever would have otherwise Gain insight into how other countries view precious metals as investment, hedge and collectibles, which is quite different from my usual circle and really interesting. Among other things. 😊
  13. Guess it depends on the volume you purchase on the second hand market. One bad buy can nullify a great many good trades. Local coin shops count as second hand in my estimation as well. I've never had a bad purchase at a LCS, but I know first hand folks who ran into fakes hiding among inventory. Guess it makes sense - if you were in a shop's position, would you test every coin in 4 tubes of eagles or maples that came in the door? And the fakes are stupid good these days...
  14. Can't wait to pick up the Chinese. I have the previous two in silver and copper, fantastic mantle pieces in my rotation. 😁
  15. The moral of this tale is don't count on silver as a tool to save money as you won't know if you will be in a position to liquidate should you need it, assuming you didn't buy at a peak in which case you are looking at decades before you break even again. Cool story bro. 😉👍