Silver (and Gold) ETFs

HansOndabush

underground99 said:

HansOndabush said:

eskbanker said:

Type_45 said:

I've heard from a few people (possibly crazies) that the price of gold is suppressed and that they expect it to rise at some point.

You spelt 'definitely' wrong....

Banks are heavily shorting gold and silver AKA suppressing the price. If that were not so, then the spot price would better reflect what one has to pay to buy physical gold and silver.

That's not an indication that the price is suppressed to some artificial low level.  You won't have a situation where every investor is long and nobody's short, because opinion and expectation drives supply and demand factors - but if no banks were short, and the price was higher, you would still not be able to buy a physical coin from a physical gold shop for the metals market mid-price, because the gold dealer's selling price would have risen accordingly - he still wants to make a profit margin on top of his purchase price.

Why not? You don't need massive short-selling to balance supply and demand, only buyers and sellers.

The silver market is being shorted by just 4 major players for approx 130 days of the total global supply. The total shorts in silver amount to 28% of the market. That just doesn't make sense. Part of the manipulation/price suppression and the reason it is allowed to continue is so that fiat currencies are not obviously devalued when compared to gold and silver. Other price suppression is for bank profits which still far exceed the fines if they get caught.

This article explains it:

https://seekingalpha.com/article/4057035-part-2-silvers-price-manipulation-who-why-and-how

Type_45

Well, I've just bought a considerable amount of gold ETC via iShares.
Along with my couple of grand of bitcoin, I feel like I've covered a few bases.

In other news, I've stuck (other than the gold ETC) in enquities. But no longer with VLS100. 

kuratowski

If you're trying to cover all bases, do you have property?

Type_45

kuratowski said:

If you're trying to cover all bases, do you have property?

I own a house, so plenty of property exposure!

thegentleway

Type_45 said:

kuratowski said:

If you're trying to cover all bases, do you have property?

I own a house, so plenty of property exposure!

Not diversified though?

HansOndabush

thegentleway said:

Type_45 said:

kuratowski said:

If you're trying to cover all bases, do you have property?

I own a house, so plenty of property exposure!

Not diversified though?

Silly comment; read back the rest of the thread.

thegentleway

HansOndabush said:

thegentleway said:

Type_45 said:

kuratowski said:

If you're trying to cover all bases, do you have property?

I own a house, so plenty of property exposure!

Not diversified though?

Silly comment; read back the rest of the thread.

My (silly) point is that owning a home for property exposure is similar to owning one share for equities exposure...

CityBoyTheSecond

Similar apart from the few hundred thousand pounds difference between your average share and UK property. Taking that into account, Type 45 is probably over-diversified on the property front.

Type_45

Diversified or not, owning my home for 20 years (and for a number of years a buy-to-let too) has made me a lot of money.

Type_45

On topic, I've now got a few grand in a gold ETC, so if the price of gold could be allowed to inflate that would be great 👍