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That makes sense, I shall take a look at the auction sites
Thanks bonkers
My Gold & Silver charts BTW:
https://twitter.com/bonker_99/status/1365420223407529985?s=20
https://twitter.com/bonker_99/status/1365614973402103812?s=20
Like anything else you've got to know the market - buying and selling - the silver Britannia coins I bought just a few weeks ago are already going for +20% on Ebay. Clearly, offing a 5kg lump to retail will be a much less liquid market.
Yes, VAT sucks but at least you duck CGT. No VAT or CGT on gold but again, know your market for when you come to offload and many people expect silver to outstrip gold in percentage terms on the assumption this all catches fire. Also bear in mind that anything you have to pay VAT on applies to everyone else too so for a given known quantity it's already baked into the resale price, at least when selling to retail.
Everyone has their own targets but the $48-50 range is obvious to most - personally, I like Silver @ $125 and Gold @ $2,300-2,700 for a gold:silver ratio of 20.
Nobody buying physical is doing it for a short-term trade - I've got my eye on Q3 for a top of some kind.
And when I convert it in Troy ounces I’m actually paying £27 an oz
How high are people expecting this squeeze to push silver?
I’m mean I’ve never understood how to make any real gains from buying physical silver....
For instance if I go to a bullion site right now it says
Price of silver approx £19-20 per oz
A five kilo bar approx. £4400
So that’s approx 176oz
So Im paying approx £24-£25 per oz
I’m paying approx £730 vat. On that which sort of kills any profit
Unless your vat registered it all ways seems pointless to me, very high risk for little return
Have I got this wrong ?
Or are people expecting silver to go way past the £30an oz?
Please note I used ££££ not $
Bonker you have to admit on any other week hoc would have been sub 200 especially with PMs dropping like a stone. But this week hoc held on nicely. No, wonder with BlackRock buying cheap shares. Yields dropped from a high back to 1.40
. I agree something big is coming in March.
I stacked some more Silver Britannias earlier BTW.
Would that be the Blackrock that switched part of their gold position in favour of Silver recently?
Funny old game.
Blackrock buying? Interesting this didn't go lower
Yields issue explained
https://m.youtube.com/watch?v=zH8Tg9nCzhc
Thanks Bonker !, By the way i know enough to be dangerous with chart prediction, I got that 1696 one week ago watching a video at goldsilver last week
https://goldsilver.com/blog/silver-gold-chart-special-are-the-big-boys-back-in-control/
Just pointing out a necessary gap-fill @ $1,729 but it can of course always go lower - it's filled now so they can reverse this back up to anything under $1,783 by tonight if they want, just needed to be a red candle on the weekly with that $1,729 print ...
Bonker99, for curiosity why did you call Gold at 1730 instead of 1696 the 61.8% support line ?
17th of june when gold hit this level. But after that it shot to 2036. Just need to wait it out and see.
$1,729 print is in - full reverse at some point ...
guys watch this well worth the time. about yield curve control.
https://www.youtube.com/watch?v=bo-opKVJ5TE&feature=youtu.be
Bonker99, you are correct again, Gold seems to be heading fast towards the 1730 support. Where did you say you bought that Aladin lamp to predict the future ?
bonkers what does issued and stopped mean please explain like a I am a 5 year old ? Does it also mean we should see silver moving up higher in March. Looks like lots of people buying silver.
Last trading day of the month for silver , it often drops at end of month ,then jumps first few days of next month , storm in a tea c.
u
If silver can hold at the the 50 day MA despite the taper tantrum then should be medium term supportive once the central banks step up their actions to keep yields under control.
Here's what counts mate - JPM and other "banks" hoarding physical Silver:
https://www.reddit.com/r/Wallstreetsilver/comments/lswive/jpmcitigroupbarclaysmorgan_stanleybank_of_america/
Gorilla with a Hammer in circa 30
bonkers I agree all planned. Whenever someone does critical think or is suspicious of something, even if one asks questions these days, the person gets called a conspiracy theorist lol Reminds me of the old stories from the dark ages and Victorian times when people who asked any questions or questioned anything got called heretics or witches ...let's just pray and hope we don't get burned to the cross for questioning the dodgy bond movements lol
Morning.
One last stab at $26 with a bit of luck.
Gold defo has to print $1,729 IMO but depending on the speed they try and break it at we could get an even $1,700 - all depends on what they're cooking on bonds - high yields globally now - all planned of course.
Just Wait till 1pm..