azazel Posted March 6, 2009 Report Share Posted March 6, 2009 ATS have silver kilos for £465 which is expensive compared to CID at £412. Sovereigns are £175 from ATS, £168 from CID It pays to shop around. I wish I had!! Link to comment Share on other sites More sharing options...
jerpy Posted March 6, 2009 Report Share Posted March 6, 2009 Would be very grateful if anybody here could comment on the services of Guernsey Mint? As i'm considering using their storage. http://www.guernseymint.com/bullion-storage/ Link to comment Share on other sites More sharing options...
Mr Pipples Posted March 7, 2009 Report Share Posted March 7, 2009 Silver Backwardation: Prices About to Soar - http://seekingalpha.com/article/124517-sil...opular_articles Link to comment Share on other sites More sharing options...
frizzers Posted March 7, 2009 Author Report Share Posted March 7, 2009 David Morgan has also just issued a buy signal on silver. Guernsey Mint: I think I spoke to them on the phone once and, from recollection, they didn't seem that cheap. Anything else I can't really help. Link to comment Share on other sites More sharing options...
chazza Posted March 7, 2009 Report Share Posted March 7, 2009 Anyone follow EWI on silver? Not a subscriber myself but saw that they are calling the March high to Nov low a primary 5 wave down, the current move a correction (initial target $15.5 i think) then a further move down. Link to comment Share on other sites More sharing options...
Mr Pipples Posted March 7, 2009 Report Share Posted March 7, 2009 Silver will outshine gold in 2009 - http://www.resourceinvestor.com/pebble.asp?relid=49185 Silver prices are poised to outperform gold while moving dramatically higher later this year due to increasing investment demand, attendees of the world’s largest mining conference in Toronto were told earlier this week. Speaking at the Prospectors and Developers of Canada Association (PDAC) annual convention, German investment fund manager Oliver Frank told a packed room at the “Accessing European Capital” forum that silver will likely end the year in the $25 range. This bold projection is almost double current silver prices. A late 2009 surge in pent-up buying demand, particularly among Europeans, will prove to be the catalyst to silver reaching historic new highs, added the CEO of the Butzbach-based investment fund, Silver Capital AG. He also believes that heightened global investment demand will also help gold to breach the hallowed $1,500 mark by year’s end – an appreciation of about 60% over its March ‘05 spot price close. Both scenarios should stem from investors continuing to flock to gold and silver as “safe haven investments” in response to the onset of a hyper-inflation in the U.S. economy, Frank added. Yet, he believes silver should enjoy a bigger percentage boost in value because physical demand has been consistently outstripping supply in recent years. “In Europe -- Germany in particular -- everyone is trying to buy silver bars and coins, rather than gold, but there just isn’t the physical supply available. Global above-ground inventories are severely depleted. So, people these days just can’t get their hands on enough silver,” Frank said. Hence, it is becoming increasingly popular for investors to gain access to the silver market by way of a proxy. This involves buying into a silver-denominated exchange traded fund (ETF) – an index fund that tracks silver’s performance. No less than 200 million ounces of silver have changed hands in this manner over the past 12 months, which is an unprecedented figure, Frank pointed out. However, his countrymen have a sentimental attachment to buying physical silver, particularly in the form of coins, as this proved to be a crucial investment lifeline for many of them during the 1930s, Frank says. This was an era in which hyper-inflation ravaged the German economy. In fact, Germans have traditionally valued silver coins as a hedge against political or economic crises dating as far back as the 15th century. Frank also forecasted that industrial demand for silver will remain robust during the balance of the year, especially since it has a growing reputation for being an “enviro-metal.” This is due to its anti-bacterial qualities and its uses in a growing diversity of high tech energy-saving applications. He added that all of these developments will prove to be a boon to ‘emerging primary silver producers’ (ones that don’t extract silver merely as a by-product of gold or base metals mining). This is especially the case now that silver is about to establish a sustained trend reversal, he predicted. It will lead to silver revisiting the $15 level over the next three months, before re-establishing its $20-$21 highs of 2008 by late summer. Furthermore, a rising tide market for silver prices won’t be the only major value driver for primary silver producers this year, Frank noted. Notably, oil’s pronounced drop in price in recent months has significantly driven down mine operating costs – a scenario that is expected to continue for the rest of 2009. Any emerging silver producer that matches lower mine operating costs with an expansion of silver inventories and a corresponding increase in output this year is onto a winning strategy, he added. “Money managers and other smart money are shifting more of their cash positions into the stocks of silver producers. Companies like First Majestic are doing the right thing right now by raising money to spend in the ground,” he went on to say. “This will translate into increased output to capitalize on heightened demand for silver, and corresponding higher silver prices. This should generate increased earnings and boost share price valuations.” (First Majestic Silver Corp. [TSX: FR] [Frankfurt: FMV] announced the closing of a $21.2 million equity financing on March 5th, 2009). In the event that any of the world’s tiny handful of emerging primary silver producers manages to ramp up production to a critical mass of around three million ounces, they will surely benefit from meaningful economies of scale, Frank said. This should provide a comfortable earnings buffer against any future volatility in silver prices. And that, he says, makes for a much more dependable and successful business model that will attract considerably more buying interest from institutional investors. Great Panther Resources Ltd. (TSX: GPR) is another fast-growing silver producer that Frank singled out as an example of a company that has very successfully curtailed mine operating costs while maintaining a steady trend of setting new year-on-year production records. “They’re doing the right things to ensure a good upside for their share price in 2009,” he added. Link to comment Share on other sites More sharing options...
DoctorSolar Posted March 7, 2009 Report Share Posted March 7, 2009 Silver is being used in deodorants ! http://www.nivea.co.uk/products/show/26978 Just bought a can today mostly for the novelty factor and to wind up my friends/family who think I am totally obsessed with PMs. But I have to say it is pretty nice I just hope I dont get Argyria! http://en.wikipedia.org/wiki/Argyria Just call me SilverFinger! Link to comment Share on other sites More sharing options...
The Traveller Posted March 7, 2009 Report Share Posted March 7, 2009 Just bought a can today mostly for the novelty factor and to wind up my friends/family who think I am totally obsessed with PMs. But I have to say it is pretty nice I just hope I dont get Argyria! http://en.wikipedia.org/wiki/Argyria Just call me SilverFinger! Hahaha, spotted that and picked it up at the supermarket last week!!! Smells lovely though, better than the original and about a quid cheaper than Lynx (Axe to our European viewers), we all need to tighten our belts, you know... Link to comment Share on other sites More sharing options...
warpig Posted March 8, 2009 Report Share Posted March 8, 2009 I have dealt with Simon on a couple of occasions and they seem quite professional. I have bought physical silver from them in the past and I can't fault their service. Would be very grateful if anybody here could comment on the services of Guernsey Mint? As i'm considering using their storage. http://www.guernseymint.com/bullion-storage/ Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 8, 2009 Report Share Posted March 8, 2009 David Morgan pointing out on the latest FSN show that SLV and GLV are possibly just silver/gold derivatives. Apparently there is some evidence that the SLV could be the collateral for the huge silver shorts in the NYMEX. Sounds all very dangerous/like a scam. He also points out the SLVs listing of bar numbers is irrelevant, what matters is the legal structure of the thing. Towards the end of this file (48:00): http://www.netcastdaily.com/broadcast/fsn2009-0307-1.mp3 Buy physical. Link to comment Share on other sites More sharing options...
jerpy Posted March 8, 2009 Report Share Posted March 8, 2009 I have dealt with Simon on a couple of occasions and they seem quite professional. I have bought physical silver from them in the past and I can't fault their service. Thanks, helps make my mind up, i'll be giving them a go shortly Link to comment Share on other sites More sharing options...
FWIW Posted March 9, 2009 Report Share Posted March 9, 2009 I just noticed that Fresnillo PLC will be entered into the FTSE 100. More here: http://ftalphaville.ft.com/blog/2009/03/09...ats-in-and-out/ This has got to be good news for Physical Silver, no? I am 100% out of shares but I may have a punt with this share. Any advice? Link to comment Share on other sites More sharing options...
6v6 Posted March 10, 2009 Report Share Posted March 10, 2009 I just noticed that Fresnillo PLC will be entered into the FTSE 100. More here: http://ftalphaville.ft.com/blog/2009/03/09...ats-in-and-out/ This has got to be good news for Physical Silver, no? I am 100% out of shares but I may have a punt with this share. Any advice? Looks interesting - would have been a great buy last autumn - it's gone up nearly 400% since then! Do you think that sort of dramatic slump & recovery could mean it will get spanked again if there's another major selloff, or if the big traders get excited by another sector and sell off PMs (say Oil for example)? Seems to me as it's recovered most of its 2008 losses there may not be much further to bounce, but then again I suppose that also depends on what the silver price does. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 11, 2009 Report Share Posted March 11, 2009 I will buy a few rolls of 1oz silver coins today. I read everywhere that we will see a (short?) economic/stock market recovery, gold not being able to get over $1,000, yadayada. I think that's the right time to buy the physical stuff. IMO, the economy/Titanic is now half way up in the air, and people seem to think it will stay like this, or actually plunge back in to normal sailing position. Well, I don' think so. I think the ship will go down anyway. Link to comment Share on other sites More sharing options...
frizzers Posted March 11, 2009 Author Report Share Posted March 11, 2009 Where will you buy? What will you buy? And how much will you pay? Link to comment Share on other sites More sharing options...
FWIW Posted March 11, 2009 Report Share Posted March 11, 2009 I will buy a few rolls of 1oz silver coins today. I read everywhere that we will see a (short?) economic/stock market recovery, gold not being able to get over $1,000, yadayada. I think that's the right time to buy the physical stuff. IMO, the economy/Titanic is now half way up in the air, and people seem to think it will stay like this, or actually plunge back in to normal sailing position. Well, I don' think so. I think the ship will go down anyway. I got my crayons out again! I think that is a good move GoldFinger. I may go half now at 12ish and half later at 10 ish - if she goes down. If she goes anywhere near 14 then I will be all in! EDIT to add - The little black boxes will be WAITING... http://www.britishbulls.com/StockPage.asp?...cials&TYP=S Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 11, 2009 Report Share Posted March 11, 2009 Where will you buy? What will you buy? And how much will you pay? I think I am going to buy from CID. I just realized that I save £1 per coin when I buy from Europe (7% VAT), so I might just do that. I think I will go for 2009 Eagles & Maples, and then maybe a few Libertads and Koalas just because they are pretty. I don't like Philharmonikers, they look like medals to me. Link to comment Share on other sites More sharing options...
dopamine Posted March 11, 2009 Report Share Posted March 11, 2009 I think I am going to buy from CID. I just realized that I save £1 per coin when I buy from Europe (7% VAT), so I might just do that. I think I will go for 2009 Eagles & Maples, and then maybe a few Libertads and Koalas just because they are pretty. I don't like Philharmonikers, they look like medals to me. How many coins in a roll? I've only bought 1 kilo bars up til now but I wouldn't mind some coins as well. The postage at CID makes small coin purchases expensive, it seems to me. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted March 11, 2009 Report Share Posted March 11, 2009 I think I am going to buy from CID. I just realized that I save £1 per coin when I buy from Europe (7% VAT), so I might just do that. I think I will go for 2009 Eagles & Maples, and then maybe a few Libertads and Koalas just because they are pretty. I don't like Philharmonikers, they look like medals to me. I am waiting to buy some brits - vainly hoping for some silly comex price drops to hopefully pull the price of physical down, it doesn't help holding sterling in the meantime though Link to comment Share on other sites More sharing options...
aardvark Posted March 11, 2009 Report Share Posted March 11, 2009 I am waiting to buy some brits - vainly hoping for some silly comex price drops to hopefully pull the price of physical down, it doesn't help holding sterling in the meantime though me too - i thought i was done buying silver but the opportunity to buy brits at a (sort of) reasonable price is a bit tempting. Link to comment Share on other sites More sharing options...
FWIW Posted March 11, 2009 Report Share Posted March 11, 2009 Can someone explain to me why silver has vat on it but gold does not? At the moment I want to buy more silver but the vat thing really annoys me. Maybe that was the purpose of it? Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted March 11, 2009 Report Share Posted March 11, 2009 Can someone explain to me why silver has vat on it but gold does not? At the moment I want to buy more silver but the vat thing really annoys me. Maybe that was the purpose of it? if you want silver but don't want to pay vat, you should look at buying .925 scrap or .5 scrap Link to comment Share on other sites More sharing options...
FWIW Posted March 12, 2009 Report Share Posted March 12, 2009 if you want silver but don't want to pay vat, you should look at buying .925 scrap or .5 scrap Thanks for the tip - only thing is I hate ebay!!! Link to comment Share on other sites More sharing options...
Wanderer Posted March 12, 2009 Report Share Posted March 12, 2009 Hi, I live overseas but will be back in the UK soon. Could I buy silver coins at a dealer, keep the receipt and then claim the VAT back at the airport? I only want to do it if it is legitimate. I know that I don't have to pay VAT when I import them to where I live. Link to comment Share on other sites More sharing options...
tinecu Posted March 12, 2009 Report Share Posted March 12, 2009 Can someone explain to me why silver has vat on it but gold does not? At the moment I want to buy more silver but the vat thing really annoys me. Maybe that was the purpose of it? You could open an unallocated account with Bairds...no VAT unless you take delivery. Link to comment Share on other sites More sharing options...
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