Discussion
Anyone here going big on Silver? Word on the street is it’s going to the moon. Investors dumping the dollar need somewhere to put their money and silver is being used in increasing quantities - solar, EVs, missiles and numerous other electronic products.
There has been a shortage of physical silver recently with it even being flown over on planes to London which is unheard of. Lots of investors are buying physical silver as it’s rumoured there isn’t enough to back up ETFs though storing physical silver comes with its own security issues.
I’ve invested in a Silver miners ETF as they are supposed to be really undervalued.
Current price of silver is £43.71/oz, be interesting to see where it goes.
There has been a shortage of physical silver recently with it even being flown over on planes to London which is unheard of. Lots of investors are buying physical silver as it’s rumoured there isn’t enough to back up ETFs though storing physical silver comes with its own security issues.
I’ve invested in a Silver miners ETF as they are supposed to be really undervalued.
Current price of silver is £43.71/oz, be interesting to see where it goes.
Mazinbrum said:
Anyone here going big on Silver? Word on the street is it s going to the moon. Investors dumping the dollar need somewhere to put their money and silver is being used in increasing quantities - solar, EVs, missiles and numerous other electronic products.
There has been a shortage of physical silver recently with it even being flown over on planes to London which is unheard of. Lots of investors are buying physical silver as it s rumoured there isn t enough to back up ETFs though storing physical silver comes with its own security issues.
I ve invested in a Silver miners ETF as they are supposed to be really undervalued.
Current price of silver is £43.71/oz, be interesting to see where it goes.
That’s interesting. I bought several 1oz bars a few years ago, mainly because I liked the design of them. Seems like I’ve doubled my money already.There has been a shortage of physical silver recently with it even being flown over on planes to London which is unheard of. Lots of investors are buying physical silver as it s rumoured there isn t enough to back up ETFs though storing physical silver comes with its own security issues.
I ve invested in a Silver miners ETF as they are supposed to be really undervalued.
Current price of silver is £43.71/oz, be interesting to see where it goes.
I've watched one or two youtube videos on the Silver market and I'm now spammed with AI generated guff on how it will overtake gold....£1000 per gram, yer right!
However, there does seem to be a smoking gun with paper price manipulation compared to actual silver deposits. US deemed silver a strategic commodity, the Indian govt allows limited amounts of silver as loan collateral, it is a key component in solar panels....
It does seem artificially low compared to gold.
I have a small silver miners ETF, some sterling silver cutlery & other items. So I'm enjoying the ride...(and I'll sell at USD 4000 a troy oz....
However, there does seem to be a smoking gun with paper price manipulation compared to actual silver deposits. US deemed silver a strategic commodity, the Indian govt allows limited amounts of silver as loan collateral, it is a key component in solar panels....
It does seem artificially low compared to gold.
I have a small silver miners ETF, some sterling silver cutlery & other items. So I'm enjoying the ride...(and I'll sell at USD 4000 a troy oz....
In the nineteenth century gold to silver was a ratio of 15:1. In theory this means silver should be five times it's current price.
As a by product of collecting pre decimal British coins, I have ended up with 1.5kg of "floor sweepings", worn, bent, holed pre 1919 silver (92.5%). Also some folders of half crowns, ( from 1920 to 1946 silver coins were 50% actual silver )- with about a kg of silver content.
Overall around 3kg of silver - one commentator thinks the price will double by Christmas.
Will be interesting to revisit this thread over the coming months.
Price as of now is GBP1400 per kilo.
Gassing Station | Finance | Top of Page | What's New | My Stuff