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whisky6210

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It is estimated that there was 1.2 billion ounces of silver stocks in the world 4 years ago depleting @ 300 million ounces per annum....now what???? To me that equates to ZERO.
Also I have a newspaper article stating that Warren Buffet (Berkshire Hathaway) purchased 120 million ounces of physical silver and shipped it to warehouses around the world....(about 4 years ago).
Does anyone out there know if he still owns it ?
 
From what Ive heard I think he still got the silver,Lot of positives for silver price at the moment but I can't see it going up all that much because of high zinc-lead prices which result in more silver production.
 
Im good, but not that good.
Fridays results
Cricket- Australia to score their 100th run in the 26th over. win at 10/1
Trotting results 1 winner at $4.20, and 3 seconds. Wollongong lost the Baasketball but.
Stocks...you will have to wait till Monday.
 
hmmmm Silver,

Is this the right thread to mention that LAF is due to begin production soon in Laos, with stated intention to produce 600,000 ounces of silver pa at full production (amongst other metals)?

Or will I now be lambasted as a ramper? :eek:
 


Gold will hit $2,500 an ounce by year-end, with silver outperforming to reach $40 by year-end, said E.B. Tucker, director of Metalla Royalty and author of “Why Gold? Why Now? The War Against Your Wealth and How to Win It.”
 
A guide to Australian dollar silver is the physically backed etf: ETPMAG

I got chronically bored with silver so didn't clock the massive breakout from its AUD base at $26
The rally from $20 to $38 took only 5 months so this current period is the retracement we had to have. In my book this chart could revisit $26 and still look bullish but I doubt it will pull back that hard unless we're talking about the collateral damage of a global deflationary bust.

Buying and storing physical silver is such a hassle so if doing it today I would use a metal backed etf like from Perth Mint or just buy pooled metal from a reputable precious metal dealer. The other thing I have my eye on is the miner South32 (S32), it has some magnificent silver potential in two multi metallic projects under development in Arizona and Alaska. South32 also has the operating lead-silver Cannington mine. It will require years of patience though and so not much use to traders. The ones I will be ignoring totally are small or minnow silver development companies in Australia that just take advantage of silver enthusiasts. These companies all went broke during previous silver bulls, then charlatans just recycled the same lame 'inferred resource' assets into new companies.

All Data Monthly ETPMAG
big - 2020-10-21T211200.323.gif
 
finicky said:
A guide to Australian dollar silver is the physically backed etf: ETPMAG
...

Buying and storing physical silver is such a hassle so if doing it today I would use a metal backed etf like from Perth Mint or just buy pooled metal from a reputable precious metal dealer. The other thing I have my eye on is the miner South32 (S32), it has some magnificent silver potential in two multi metallic projects under development in Arizona and Alaska. South32 also has the operating lead-silver Cannington mine. It will require years of patience though and so not much use to traders. The ones I will be ignoring totally are small or minnow silver development companies in Australia that just take advantage of silver enthusiasts. These companies all went broke during previous silver bulls, then charlatans just recycled the same lame 'inferred resource' assets into new companies.
Click to expand...

I agree with the highlighted bit. I have a few mates in Dubai and they were big on buying the physical and that was their advice ages ago, seems to be a thing to do over there.

I looked into it but found there was a few hassles with the physical and the spread could be up to 10% with some of the dealers so it wasn't easy to get out at breakeven if you needed to.

I bought ETPMAG instead in my SMSF and so far am glad I did.

Cheers.
 
noirua said:


Gold will hit $2,500 an ounce by year-end, with silver outperforming to reach $40 by year-end, said E.B. Tucker, director of Metalla Royalty and author of “Why Gold? Why Now? The War Against Your Wealth and How to Win It.”
Click to expand...

Just read his book, having seen it promoted around. His explanations are sound, his timing will probably always be out.

If you ignore the over promotion of Metalla, it’s a very informative read to anyone seeking to understand the role of Gold.
 
In the last 12 months silver has gone from a ratio of 120 to one to around 72 to one. The long time mean used to be 15 to one and it only has to go back towards that to hit the triple digits. With the growing shortage it will do that soon in my view.
 

Preview of What's To Come In The US: UK Going To Use Negative Interest Rate Policy In 6 Months?​


Back in January, the Bank of England tried to warm people up to negative interest rate policy (NIRP) claiming that it is "stimulative" to the economy.
 

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