Hi Ho "SILVER"

[LAC]

Anyone looking at bulk buying physical silver? I have 3 people (looking at buying 500oz and splitting it by number of buyers)

[JBmurc]

So your looking to buy 1500oz if so you should be able to get Kg bars for around $23oz NZD and 1oz for not much more bullion deals , Buybullion ,nzmint , and a few others be worth ringing to see who can do the sharpest price and timeframe to delivery

[JBmurc]

"...only about 3200 tonnes of gold is mined globally each year, meaning that roughly every three and a half trading days, trading of 'gold' by LBMA members for 'settlement' in London or Zurich exceeds the amount of gold physically mined globally in an entire year. Likewise, given that total silver mined globally per year is in the region of 27,000 tonnes, LBMA members are trading more 'silver' every two and a half days than is mined in an entire year. Even comparing the LBMA daily trading volumes to total above ground stocks of gold (approximately 193,000 tonnes), shows the annual gold trading volumes in London and Zurich are greater than all the gold ever mined throughout history. For silver the figures are even more extreme with the London/Zurich figures exceeding known global stockpiles of silver (approximately 86,000 tonnes), every 8 trading days."



https://www.zerohedge.com/news/2018-...aper-gold-scam

[shasta]

With Gold at $US1279.90 oz and a bullish outlook, Silver it's poor cousin at $US15.26 oz means ratio over 83:1.

Silver always lags any gold rush, but should follow roughly given ratio higher than 80.

Question is, if silver fairly valued is gold overvalued?

Disc: still accumulating physical silver while cheap

[JBmurc]

With Gold at $US1279.90 oz and a bullish outlook, Silver it's poor cousin at $US15.26 oz means ratio over 83:1.

Silver always lags any gold rush, but should follow roughly given ratio higher than 80.

Question is, if silver fairly valued is gold overvalued?

Disc: still accumulating physical silver while cheap

Both undervalued IMHO

[JBmurc]

Top Primary Miners Now Paying The Market $2 To Take Their Silver??


https://srsroccoreport.com/top-prima...-their-silver/

[shasta]

Just USD 14.40/oz and the Gold to Silver ratio now at a staggering 88.5 to 1, with Gold currently at USD 1275.20/oz

Even at a ratio of 80 to 1 - silver would be 15.94/oz and still losing money as per that article.

Might use this opportunity to top up on physical silver

[JBmurc]

Just USD 14.40/oz and the Gold to Silver ratio now at a staggering 88.5 to 1, with Gold currently at USD 1275.20/oz

Even at a ratio of 80 to 1 - silver would be 15.94/oz and still losing money as per that article.

Might use this opportunity to top up on physical silver

Yes I see Bullion deals have 100oz Canadian bars listed for $23.7per oz which is as cheap as I've seen bullion prices for the last decade .. hoping to get a few to add to the pile

Currently NZ spot price $22.20oz

here's the bar..

https://bulliondeals.co.nz/product/r...z-bar-0-99990/

[JBmurc]

Silver to Gold ratio 106:1 highest ever

Over this next period of MASS FEAR will be buying more Silver bullion and moving ASX funds into-

ETFS Physical Silver (ETPMAG) is designed to offer investors a simple, cost-efficient and secure way to access silver by providing a return equivalent to the movements in the silver spot price less the applicable management fee.

ETPMAG is backed by physical allocated silver held by JPMorgan Chase Bank, N.A. (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.

ETPMAG is an Exchange Traded Commodity ("ETC") that can be created and redeemed on demand (by market makers). It trades on the ASX just like an equity, is settled and held in ordinary brokerage accounts, and its pricing and tracking operates similarly to an Exchange Traded Fund. No new securities can be issued until the bullion is delivered to the Custodian's vault. There is no credit risk within this product.

US dealers not selling bullion anywhere close to spot
https://www.youtube.com/watch?v=zcS2CgWIVUQ

[JBmurc]

"Your house is burning and I'm offering you fire insurance" BUY SILVER ASAP either through ETFs on the ASX = ETPMAG ticker or from cert from trusted Perth mint or safest of all Bullion if you can get it..

GOLD CARTEL trying to get out forcing paper price down
https://www.youtube.com/watch?v=KY6qIpVikPI

Big dealer in the USA highest premiums in a decade!!
https://www.apmex.com/product/23331/...bu-random-year

JPMORGAN knew this was coming !! they were buying up HUGE amounts of bullion over the last year

https://sdbullion.com/blog/do-like-j...silver-bullion

DYOR but I'm shifting many dollars into silver over the next few days worse case I'm buying a metal that is only second to crude oil for the amount of uses by industry thats at record lows Vs GOLD