Paid £14000 for silver bullion

Bravepants

John_ said:

jasonwebb said:

Silver is not a precious metal, has very few industrial uses and degrades in nature. gold lasts forever so far far better. Can see no rationale at all for owning silver it has mostly been leached away into the air and earth over thousands of years

Wow, that’s one of the least-informed posts I’ve seen on here in ages.

Yes, it’s a precious metal, yes it has many industrial uses, including as a catalyst, and no, it doesn’t “degrade.”

What would you even mean by degrade?

If you don’t know the subject, why not just write nothing?

Silver is the most electrically conductive metal on earth, it also has antiviral and antibacterial properties. 

In addition, over the centuries, silver has found use as a potent weapon against vampires and werewolves!

noitsnotme

jasonwebb said:

Silver is not a precious metal, has very few industrial uses and degrades in nature. gold lasts forever so far far better. Can see no rationale at all for owning silver it has mostly been leached away into the air and earth over thousands of years

That’s odd!  Just a few days ago on your last account you were supporting silver - https://forums.moneysavingexpert.com/discussion/comment/77591721#Comment_77591721

I think you post so much rubbish on multiple accounts that you forget what you’ve said 🤷‍♂️

grumiofoundation

John_ said:

jasonwebb said:

Silver is not a precious metal, has very few industrial uses and degrades in nature. gold lasts forever so far far better. Can see no rationale at all for owning silver it has mostly been leached away into the air and earth over thousands of years

Wow, that’s one of the least-informed posts I’ve seen on here in ages.

Yes, it’s a precious metal, yes it has many industrial uses, including as a catalyst, and no, it doesn’t “degrade.”

What would you even mean by degrade?

If you don’t know the subject, why not just write nothing?

Well I wait to hear the posters qualifications... 

But I am guessing by degrade they have heard that silver tarnishes. Maybe they worry if they buy a silver it will be gone a week and a half!!! Silver reacts extremely slowly with oxygen, generally needs hydrogen sulfide to tarnish - forms black silver sulfide that makes old silver appear tarnished (easy to 'buff' up mildy tarnished silver I believe with foil?)

2Ag(solid) + H2S(gas) → Ag2S(solid) + H2(gas)

ToxicWomble

Back back in Aug the price of Gold was ~£1400 an ounce
The error was made by pricing 10oz of Silver at the value of 10oz of Gold

EdGasketTheSecond

jasonwebb said:

Silver is not a precious metal, has very few industrial uses and degrades in nature. gold lasts forever so far far better. Can see no rationale at all for owning silver it has mostly been leached away into the air and earth over thousands of years

Tosh

"Silver has been considered a precious element for 6000 years."

https://www.silverinstitute.org/silver-precious-metal/

Silver is a strategic metal with all sorts of industrial uses from cruise missiles to apple iPhones, brazing and soldering, and Tesla cars.

https://geology.com/articles/uses-of-silver/

Silver along with gold is proper money and always has been; it is also the 'redemptive' metal, created by G-d, not man

https://schiffgold.com/commentaries/bible-say-gold-silver/

http://dentonpbc.org/metals_s1.htm

noitsnotme

jasonwebb said:

Silver is not a precious metal, has very few industrial uses and degrades in nature. gold lasts forever so far far better. Can see no rationale at all for owning silver it has mostly been leached away into the air and earth over thousands of years

And on another thread, same account he’s saying buy silver 😄
https://forums.moneysavingexpert.com/discussion/comment/77606218#Comment_77606218

jasonwebb

John_ said:

jasonwebb said:

Silver is not a precious metal, has very few industrial uses and degrades in nature. gold lasts forever so far far better. Can see no rationale at all for owning silver it has mostly been leached away into the air and earth over thousands of years

Wow, that’s one of the least-informed posts I’ve seen on here in ages.

Yes, it’s a precious metal, yes it has many industrial uses, including as a catalyst, and no, it doesn’t “degrade.”

What would you even mean by degrade?

If you don’t know the subject, why not just write nothing?

Silver does indeed erode over thousands of years

some archaeologists who have found hoards of gold and silver have found the gold exactly the same as it was but the silver has eroded so much they can’t even tell what it was, like belt buckles or something 

you may be able to tell my original post was tongue in check

this is why I’m so bullish on silver because every year gold becomes less rare and silver becomes more rare👍

noitsnotme

jasonwebb said:

John_ said:

jasonwebb said:

Silver is not a precious metal, has very few industrial uses and degrades in nature. gold lasts forever so far far better. Can see no rationale at all for owning silver it has mostly been leached away into the air and earth over thousands of years

Wow, that’s one of the least-informed posts I’ve seen on here in ages.

Yes, it’s a precious metal, yes it has many industrial uses, including as a catalyst, and no, it doesn’t “degrade.”

What would you even mean by degrade?

If you don’t know the subject, why not just write nothing?

Silver does indeed erode over thousands of years

some archaeologists who have found hoards of gold and silver have found the gold exactly the same as it was but the silver has eroded so much they can’t even tell what it was, like belt buckles or something 

you may be able to tell my original post was tongue in check

this is why I’m so bullish on silver because every year gold becomes less rare and silver becomes more rare👍

You’ve been called out many times before for your nonsense.  And this account will be banned again shortly like all the others.  I look forward to spotting your next troll account 😄
Previous accounts...

@Pinkbunny2000

@Spaceman450

@joshstampy

@IbsRaymondsmith

@ryangildchrist

jasonwebb

Silver rots away to nothing, gold lasts forever.

I hear broad sweeping statements like silver can never go extinct, or "the quantity of silver on earth never changes."

I have a geologist friend and I also have a contact well versed in these things in a top university in London. I was able to pick his brains at length here is the answer.

Gold lasts forever. Gold does not tarnish because of how the electrons on the surface are distributed. They effectively deny other foreign atoms, such as oxygen or sulphur the chance to bond.

Using steel as an example, we all know it corrodes. Does it disappear? No. The quantity of steel on earth never changes. Each steel atom has other things bonded to it and then leaches away somehow. Could a 100 year old pre WW1 iron ship or tank or something ever be restored back to the same as it was when it was new? No. That would be almost tantamount to alchemy.

Its the same with silver. Yes it is technically true to say the quantity of silver on earth never changes. But once the silver atoms have bonded with oxygen and sulphur they get leached away or dissolved away.

Those silver items found in the Saxon hoard which was less than 1000years old have to all intents and purposes gone forever. Even though you could technically say the silver is still on earth, it is impossible to retrieve and restore.

Silver is used heavily not just in electronics but in everythig from national security to national infrastructure. Over time this silver will need to be replaced as it will decay and become useless for its present usage therefore ever increasing amounts of silver will need to be discovered and mined. As other countries become more modern and build up their own infrastructure the demands on available silver will increase from where they are now.

There is a huge cost to mine silver from the ground which is going up every year due to declining grades.

As silver gets scarcer due increased demand, prices will have to go up. Eventually they will reach a price where urban mining (mining silver a second time from landfill) may become feasible. However, it logically follows that the urban mining itself will raise the cost of silver further as the silver mined from landfills is being mined for a second time. Thus, the value of each ounce of silver mined from a landfill will have to support the burden of costs from originally mining it out of the ground plus the costs of mining and reclaiming it from the landfill. A second lot of energy needs to be spent, as it were.

George_Michael

jasonwebb said:

Silver is used heavily not just in electronics but in everythig from national security to national infrastructure. 

But didn't you state:

jasonwebb said:

Silver is not a precious metal, has very few industrial uses and degrades in nature