Is the London Bullion Market going to implode

eskbanker

plumb1_2 said:

eskbanker said:

plumb1_2 said:

eskbanker said:

plumb1_2 said:

Just been reading about investing in silver , surprised that there’s a 300 million oz shortage of physical silver.
Al these paper notes issued are not worth anything, as there’s nowt in the vaults.
The bullion banks and the boe, are pushing for digital I’d, and digital money. To cover up this price fixing scam.

That all seems highly speculative with some leaps of logic - do you have any credible sources to support those assertions?

Only what I’ve read online, not from get rich by your silver scams that are offering to sell.
i was more concerned about the price fixing and the world shortage, 

"What I've read online" is meaningless in isolation, without citing actual sources that can be assessed for credibility - there are vast swathes of nonsense available online!

Precious metals markets news letters, uk based.
just doing research on my retirement plans, what to sell first for income, bullion,ss isa or dc pot 
with the price of metal high

So which specific articles envisage market 'implosion' (and why), and explain the relevance of alleged 'price fixing scams' to moves towards digital ID and money, etc?

HappyHarry

plumb1_2 said:

flaneurs_lobster said:

plumb1_2 said:

Just been reading about investing in silver , surprised that there’s a 300 million oz shortage of physical silver.

Would, by any chance, the source of this article be a website that is offering a way to invest in silver?

Be quite odd if they were describing this investment "opportunity" as anything other than "very shiny".

No I’ve been reading Jensons precious metals market’s news letters
And no intentions of buying, rather the opposite actually, part of my pension plan 

You mean this?  Jensen's Economic, Precious Metals, & Markets Newsletter | David Jensen | Substack

Promoted by a man who once wrote a letter to the Governor of the Bank of Canada and has over 100 paid subscribers to his ideas?

I suspect there are better sources of information available if you look hard enough. 

plumb1_2

PixelPound said:

Kmasonic said:

plumb1_2 said:

i was more concerned about the price fixing and the world shortage, 

Silver is priced according to supply and demand. Demand is high and supply is low. This is how scarce assets work. There is no conspiracy.

Contango and backwardation need to be considered when looking at futures markets vs spot.

OP definitely been drinking too much coolade. Price has gone up as demand peaks on the back of gold price premium. It's happened before. No "shortage" other than it's mined at a fixed rate so short term demand has increased the price.

Definitely seems to have been based on a bullion selling site by stating "nowt in the vaults" in some sort of promotion to buy physical bullion.

If coffee is the new coolade then most probably overdosed. 

There’s been a world shortage for the last 7 yrs. and will get worse with green rush.
And definitely not a bullion selling sites, Maybe implode was the wrong terminology to use.
I am more interested in selling, and NO way advocating anyone buying.
I bought a large amount in 2010, and just sat on it, now. It’s time to include it y retirement plans.

But was a bit concerned about the price fixing and maybe why the government want us to go all digital, Maybe iam not educated enough? But of a lot of common sense I’d like to think.

masonic

plumb1_2 said:

PixelPound said:

Kmasonic said:

plumb1_2 said:

i was more concerned about the price fixing and the world shortage, 

Silver is priced according to supply and demand. Demand is high and supply is low. This is how scarce assets work. There is no conspiracy.

Contango and backwardation need to be considered when looking at futures markets vs spot.

OP definitely been drinking too much coolade. Price has gone up as demand peaks on the back of gold price premium. It's happened before. No "shortage" other than it's mined at a fixed rate so short term demand has increased the price.

Definitely seems to have been based on a bullion selling site by stating "nowt in the vaults" in some sort of promotion to buy physical bullion.

If coffee is the new coolade then most probably overdosed. 

There’s been a world shortage for the last 7 yrs. and will get worse with green rush.
And definitely not a bullion selling sites, Maybe implode was the wrong terminology to use.
I am more interested in selling, and NO way advocating anyone buying.
I bought a large amount in 2010, and just sat on it, now. It’s time to include it y retirement plans.

But was a bit concerned about the price fixing and maybe why the government want us to go all digital, Maybe iam not educated enough? But of a lot of common sense I’d like to think.

If your silver exposure has swollen up to be a much larger proportion of your wealth, then it would be sensible to redress the balance by selling down to a sensible allocation, which you could do gradually if you believe there is more upside.

kermchem

plumb1_2 said:

PixelPound said:

Kmasonic said:

plumb1_2 said:

i was more concerned about the price fixing and the world shortage, 

Silver is priced according to supply and demand. Demand is high and supply is low. This is how scarce assets work. There is no conspiracy.

Contango and backwardation need to be considered when looking at futures markets vs spot.

OP definitely been drinking too much coolade. Price has gone up as demand peaks on the back of gold price premium. It's happened before. No "shortage" other than it's mined at a fixed rate so short term demand has increased the price.

Definitely seems to have been based on a bullion selling site by stating "nowt in the vaults" in some sort of promotion to buy physical bullion.

If coffee is the new coolade then most probably overdosed. 

There’s been a world shortage for the last 7 yrs. and will get worse with green rush.
And definitely not a bullion selling sites, Maybe implode was the wrong terminology to use.
I am more interested in selling, and NO way advocating anyone buying.
I bought a large amount in 2010, and just sat on it, now. It’s time to include it y retirement plans.

But was a bit concerned about the price fixing and maybe why the government want us to go all digital, Maybe iam not educated enough? But of a lot of common sense I’d like to think.

Isn't it coffee that is the commodity in global shortage.

plumb1_2

kermchem said:

Isn't it coffee that is the commodity in global shortage.

Ya that’s why I buy. 3x1kg bags of beans every time I go to Costco 
Love my bean to cup machine, as a pensioner I’ve earned my treat. Plus too tight to buy from retail stores 😊

plumb1_2

Can a moderator close this thread down, as I don’t want anyone to think I am ramping up silver etc.
i was more concerned about price fixing etc. which it appears I am wrong.

PennysIntoPounds

Can this thread please be left open until OP replies if they want to, why would a shortage of silver availability mean a push for digital ID cards?
Genuinely curious and not being snarky

masonic

PennysIntoPounds said:

Can this thread please be left open until OP replies if they want to, why would a shortage of silver availability mean a push for digital ID cards?
Genuinely curious and not being snarky

Google "CBDC conspiracy". This will be a variation on the theme.

artyboy

Well I'm sold, bought a rare silver sovereign for a Christmas present. According to the Royal Mint, it's only the second time they have ever produced them. Onto a winner here.