Bumble Bees, Gold and a Single Scoop Recession.

DiggerUK

getzegold,
you start by asking if I "really believe the stats from the US gov", and in defence of your claim quote from an article that uses those self same US Geological Survey stats to base the defence of your claim on.... "....by 2008 worldwide demand for silver was about 900 million ounces a year, having grown by an average of 19.5 million ounces a year for the previous five years, while supply from mining and scrap was only 858.5 million ounces........meaning that supply was being outstripped by over 40 million ounces per year the whole time!"
You need to stand by the stats, or dismiss the argument about shortages based on those stats.

I haven't been through all of these Silver Seek articles on the 'Phantom Silver Shortage' to find were they source their arguments from. Please help out. http://www.google.com/custom?sitesearch=silverseek.com&q=silver+shortages&sa=Search&cof=S%3Ahttp%3A%2F%2Fwww.silverseek.com%3BAH%3Acenter%3BLH%3A70%3BL%3Ahttp%3A%2F%2Fwww.silverseek.com%2Fimages%2Fsilverseeklogo.PNG%3BLW%3A280%3BAWFID%3A3fb9fb168a7b5edd%3B&domains=silverseek.com

My position as always is..'No facts, no story', and I don't care how sensational the picture, I want facts.

dqnet

I was just looking at overseas prices with a few friends in he United Arab Emirates and around the region.. it seems prices are a tad bit cheaper. They have 1ounce bars for little over 7 pounds cheaper and you dont pay silly fees for postage. The gold bars themselves come from switzerland. I was wondering if this should be something to avoid or fine..? the bars all say 24k and are 999.9 and have like a swiss stamp. the other half has a flower design as such..?

What do you guys thing.. 7 pounds saving plus around 6 pounds saving for delivery...?

DiggerUK

dqnet wrote: »

...... it seems prices are a tad bit cheaper......?

If the suppliers check out, and prices are cheaper, then buy.
Nothing to pay at customs for "investment grade gold", customs will expect the VAT on any silver though.
http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000104&propertyType=document#P70_3060
But if you absent mindedly find that the silver is on your doorstep without a demand from customs then .......

getzegold

DiggerUK wrote: »

getzegold,
you start by asking if I "really believe the stats from the US gov", and in defence of your claim quote from an article that uses those self same US Geological Survey stats to base the defence of your claim on.... "....by 2008 worldwide demand for silver was about 900 million ounces a year, having grown by an average of 19.5 million ounces a year for the previous five years, while supply from mining and scrap was only 858.5 million ounces........meaning that supply was being outstripped by over 40 million ounces per year the whole time!"
You need to stand by the stats, or dismiss the argument about shortages based on those stats.

I haven't been through all of these Silver Seek articles on the 'Phantom Silver Shortage' to find were they source their arguments from. Please help out.
My position as always is..'No facts, no story', and I don't care how sensational the picture, I want facts.

Lol seems one can prove anything with facts hey? and it becomes even more difficult when the very facts stated are of a possibly dubious nature. I couldn't possible reference every article I've read about the gold and silver markets or how I have arrived at the conclusion that gold and silver will continue to go up. I arrived at that conclusion several years ago and bought back then when prices were very cheap and nothing that is going on today makes me change my original analysis and conclusions but only further confirms them. while I have developed an attchment to the metals I will most certainly sell them should I see a bull ending market top but thats a long way off. Unearthing the truth behind PMs is difficult and one must take quite a long journey of research and analysis and then arrive at your own conclusions. I probably cannot provide the cast iron facts you need but that doesn't mean there is no supply squeeze. I know there is and there is abundant anecdotal evidence to support that, but it takes time and effort to unearth it all. Still hard work is often rewarded, I wouldn't like to say how much returns I've had on the metals in the last 3 years, but its good to say the least. the market and fundamentals are no different now than back then infact fundamentals towards price appreciation are probably even stronger. If you admit that in 1900 there was 10 bill oz and in 1990 2 bill oz and this year 1 bill oz that really ought to tell you something. i.e its nearly all gone

DiggerUK

getzegold wrote: »

............. I know there is abundant anecdotal evidence to support that, but it takes time and effort to unearth it all..........

So, DYODD won't be your chosen subject on Mastermind then.

dqnet

DiggerUK wrote: »

If the suppliers check out, and prices are cheaper, then buy.
Nothing to pay at customs for "investment grade gold", customs will expect the VAT on any silver though.
http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000104&propertyType=document#P70_3060
But if you absent mindedly find that the silver is on your doorstep without a demand from customs then .......

Perfect - thanks.
Digger, any opinions on ZOPA?

dqnet

DiggerUK wrote: »

If the suppliers check out, and prices are cheaper, then buy.
Nothing to pay at customs for "investment grade gold", customs will expect the VAT on any silver though.
http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000104&propertyType=document#P70_3060
But if you absent mindedly find that the silver is on your doorstep without a demand from customs then .......

Perfect - thanks.
Digger, any opinions on ZOPA?

dqnet

edinburgher wrote: »

Well, it's obviously an investment, if you appreciate the risks and appreciate how the concept works.

It strikes me that if you've got £1100 a month to spend on gold/Zopa you could probably speak to a professional for their opinion. Equities/bullion/p2p lending all tend to have their bulls/bears on MSE and the positions are often quite unbalanced.

True but I am very keen to get invovled myself... stocks and shares semm a little too much for me and i already work with currenct (dollar vs sterling). just wanted to get really into zopa and comodoties.

DiggerUK

dqnet wrote: »

......any opinions on ZOPA?

I think junk/corporate bonds are safer.
But that's just me.:silenced:

dqnet

DiggerUK wrote: »

I think junk/corporate bonds are safer.
But that's just me.:silenced:

hahah
gold prices went down today!