Just wish I'd bought some silver...!
- Thread starter Skeptic
- Start date
Permabanned
- Joined
- 9 Aug 2008
- Posts
- 35,711
http://goldprice.org/gold-price-history.html gold is probably a better bet long term, not so many highs and lows over a 5 year period
Soldato
- Joined
- 19 Oct 2008
- Posts
- 6,066
Yes GOld has gone higher but it has to end some day, usually when it's been overdone which could be now, who knows
These industry experts always appear during bull markets. If silver is cheap now, why were these industry experts not all crying the same talk when it was $10 only a few years ago?
My $10 figure comes from the charts posted in this same thread (http://silverprice.org/silver-price-history.html - go to bottom of this page). Have a look at the long term chart and you will see silver usually takes off peaks, drops. Of coruse that might not happen now, but probably will. So yes it could easily go to $50 and beyond but how long it will stay there I dont think long
Last edited:
Soldato
- Joined
- 19 Oct 2008
- Posts
- 6,066
In my opinion I wouldn't want it physically. Okay for tiny investments but not really worth it. Selling it would be a nightmware. A company like bullionvault would be better. Or maybe even look for something like a silver or silver&gold ETF. Either method would allow you can buy/sell the same day and not actually hold the stuff yourself
Last edited:
Soldato
- Joined
- 29 Oct 2002
- Posts
- 4,184
- Location
- London
I've heard this too. I watched a program recently that said Silver was a better bet because there is less of it around and we actually need it on a tangible level whereas gold is not actually used anywhere near as much in manufacturing. Also silver is becoming rarer/hard to mine.
Soldato
- Joined
- 29 Oct 2002
- Posts
- 4,184
- Location
- London
Also I suppose the trick is to find out what happened between July 2010 and April 2011 for it to spike in such a crazy way.
houses used to cost £6000 too that are now worth £600,000
silver does take dips but overall its on an upward trend. Looking at a chart is hardly a way to value it at $10 an ounce
correct. silver is used in many industries like space, medical and so on and the demand for it is set to rise. Also a lot of this silver is wasted (as in not recycled)
Last edited:
Soldato
- Joined
- 19 Oct 2008
- Posts
- 6,066
Fair point about houses, but that's a little different (people live in houses). Owning a house becomes ones palace, a place to house and protect the family.BUt yeah I know what you mean.
I dont value silver at $10, more like $15-20 max longer term sustainable price allowing for increase in demand since say 2007 or earlier. I was just saying that even decades apart the price of silver has spent a long time < $10 but occassionally peaks very high before pretty quickly dropping again. If it's too expensive it's also worth considering if an alternative would be found for manufacturing in the future.
Many years into the future I can see metals being higher, but to think silver is sustainable at say $100 over multiple years starting from the near future is crazy
. Is there really 10x demand of a few years ago?Interesting thread and yes will be good to see where these metals end up in a few years.
I agree the long term trend should be up, but this I think is still a developing bubble that will pop and it will return to a more realistic price longer term (a longer term trend). The current spike is a short term trend on the grand scale of things (taking the last 10-20 years into consideration). The longer term trend probably shows prices doubling every 15-20 years (as a guess, I have not researched this) with occassional short term peaks before returning to the longer term trend again
Last edited:
It is not gold or silver that is massively overvalued ... it is the £s in your wallet have be massively devalued through public and hidden QE in the UK, Europe and USA, and the consequential inflation that caused.
The graphs here illustrate this ...
http://www.sharelynx.com/chartstemp/USHLSPOG1.php
In hard currency (i.e. money that can't be created by the tap of a computer keyboard by a BoE henchman) we can see that UK house prices are back pretty much where they should be for the point we are at in the UK economic cycle.
Yet, in £s UK house prices have barely changed since their peak in £s.
Allegedly, "the people" like house prices high and don't ever want them to fall - fine but the consequences are a bitch ... there's a reason this front page also included a free loaf of bread for every reader along with the other symptom ;O) ...
Uploaded with ImageShack.us
I do not recall being asked if I wanted this.
The graphs here illustrate this ...
http://www.sharelynx.com/chartstemp/USHLSPOG1.php
In hard currency (i.e. money that can't be created by the tap of a computer keyboard by a BoE henchman) we can see that UK house prices are back pretty much where they should be for the point we are at in the UK economic cycle.
Yet, in £s UK house prices have barely changed since their peak in £s.
Allegedly, "the people" like house prices high and don't ever want them to fall - fine but the consequences are a bitch ... there's a reason this front page also included a free loaf of bread for every reader along with the other symptom ;O) ...
Uploaded with ImageShack.us
I do not recall being asked if I wanted this.
I ruled out ETFs after reading this ... http://www.safehaven.com/article/2243/where-is-the-etfs-gold
My reason for holding PMs is to protect the wealth I have earned and saved, so that I can support myself beyond the imminent ********* - that simply is not compatible with relying on the promises of promises of promises of those in proven corrupt financial institutions.
Allocated PMs through BullionVault, with their independent audits, multiple worldwide vault locations and ability to take physical possession of your allocation at will, were the only logical choice to my mind.
I also have physical PMs, foreign cash and "other assets" stashed in locations you couldn't torture out of me ;O)
TBH ... I am getting happier by the day that I never "invested" in a UK property beyond my monthly rental - my confidence in my decision grew 10-fold when the riots started and has remained as I have seen how others reacted to them - something rather comforting about knowing I could flee to pretty much anywhere on the globe if it became necessary.
My reason for holding PMs is to protect the wealth I have earned and saved, so that I can support myself beyond the imminent ********* - that simply is not compatible with relying on the promises of promises of promises of those in proven corrupt financial institutions.
Allocated PMs through BullionVault, with their independent audits, multiple worldwide vault locations and ability to take physical possession of your allocation at will, were the only logical choice to my mind.
I also have physical PMs, foreign cash and "other assets" stashed in locations you couldn't torture out of me ;O)
TBH ... I am getting happier by the day that I never "invested" in a UK property beyond my monthly rental - my confidence in my decision grew 10-fold when the riots started and has remained as I have seen how others reacted to them - something rather comforting about knowing I could flee to pretty much anywhere on the globe if it became necessary.
Just been looking at some stats I pulled together from www.kitco.com comparing Gold, Silver, & Platinum over the period 1975-2002 (I need to update the figures for the last 9 years).
On average silver was -97.46% the price of Gold, and platinum was +20.90% the price of Gold.
So based on the current gold price of 1853.10
Predicted silver price = 47.07
Actual silver price = 42.90
Predicted platinum price = 2240.40
Actual platinum price = 1873.00
So historically over this 27 year period relative to gold silver looks a fair price and platinum looks cheap, the caveat being that both these metals differ from gold in that they have far more industrial usage.
Some people believe gold is in a bubble, I do not mainly due to the main fundamental underpinning the gold price i.e. the policies of Governments around the world to devalue their currencies, as the purchasing power of paper money declines more and more people will look to diversify into a safe store of wealth and historically gold and other precious metals are one of the best ways to do this.
To those who believe gold is on a speculative bubble, how many people do you know who have actually invested in it?
I knew many people who bought into the property market, but only one person I know has actually invested in gold...
On average silver was -97.46% the price of Gold, and platinum was +20.90% the price of Gold.
So based on the current gold price of 1853.10
Predicted silver price = 47.07
Actual silver price = 42.90
Predicted platinum price = 2240.40
Actual platinum price = 1873.00
So historically over this 27 year period relative to gold silver looks a fair price and platinum looks cheap, the caveat being that both these metals differ from gold in that they have far more industrial usage.
Some people believe gold is in a bubble, I do not mainly due to the main fundamental underpinning the gold price i.e. the policies of Governments around the world to devalue their currencies, as the purchasing power of paper money declines more and more people will look to diversify into a safe store of wealth and historically gold and other precious metals are one of the best ways to do this.
To those who believe gold is on a speculative bubble, how many people do you know who have actually invested in it?
I knew many people who bought into the property market, but only one person I know has actually invested in gold...
Last edited:
buying silver is not for the faint of heart - it is much more volatile than gold and swings up and down wildly!
you also have to pay vat on new silver which really dents your profits.
having said that i'm 250% up and thats with the vat i paid and i have no doubt we will go into triple figures in the years to come.
the future is still bullish for slver. for last 50 years the world had a massive stockpile of silver, mainly from removing it from coins. Now, the estimates are that the stockpile is almost gone. world demand also exceeds mining output with mining grades getting poorer. without a major increase in recycling or new discoveries the new scientist reckon we will run out of silver in 15-20 years at current demand.
modern electronics require silver to function so we cannot live without it.
this all bodes well for the long term silver price which has been kept artificially low in recent years with massive short positions on the COMEX.
you also have to pay vat on new silver which really dents your profits.
having said that i'm 250% up and thats with the vat i paid and i have no doubt we will go into triple figures in the years to come.
the future is still bullish for slver. for last 50 years the world had a massive stockpile of silver, mainly from removing it from coins. Now, the estimates are that the stockpile is almost gone. world demand also exceeds mining output with mining grades getting poorer. without a major increase in recycling or new discoveries the new scientist reckon we will run out of silver in 15-20 years at current demand.
modern electronics require silver to function so we cannot live without it.
this all bodes well for the long term silver price which has been kept artificially low in recent years with massive short positions on the COMEX.
I've been looking for something interesting to drip feed money into for a while. Where did you guys start? eBaY?
ebay is not the best place as you will pay about 10% over the price because people add their ebay fees on to the price
if you search google you will find companies selling silver
pick a product, say Candian Maple Leaf 1 oz coin and compare the companies
you can get some good bits of ebay but you need to know what something is worth. it can also be good to pick up odder or rare bits if you want to own those type of things
actually you will often get better deals on ebay as new silver has 20% vat whereas second hand silver does not.
not true , second hand silver has the same value as new silver
if an oz cost £35 new inc vat , it will sell for £ 35 (or more with fees) on ebay
this is mostly for buy it now stuff
if you want to bid on someone selling some old silver they have, then sure, you can grab a bargain sometimes, but in my experience things tend to go to their value
obvioulsy if you hunt around on ebay you might get a deal, but now you have to take your time in to account too
Last edited:
yeah you have to hunt around as prices do tend to match the +vat price as there is high demand, but there are bargains out there if you look.