I do not know if Bullionbanks and the ETF panicked, but someone pinned extremely higher price stickers on my metals and miners today. In fiat this must be the best day of my life. And it is a Friday, which means I will fly through the weekend. A cheers to all stackers!
Hi, I'm sorry, I'm just a working class stiff. So, not a financial wizard. I have stashed some silver, though. And plan to get a little more as my pay check allows. How about Copper? There is rumors it may continue to go up. Would that be something to add to a person's secret stash?
No. Certainly you can invest in copper and copper miners. But you can’t stack the physical stuff at home. It’s too cheap and the quantities you’d need too vast to make it worthwhile. It would be like trying to buy a barrel of crude oil if you think oil is going up. Platinum might be another metal worth looking at. The platinum:gold ratio is an interesting chart and suggests platinum is very cheap comparatively. And you get a “lot” of platinum in a one ounce coin to physically stack. Or look at copper and bi-metallic miners. Some big gold miners have significant copper exposure too. Not a bad way to ride both prices. Probably Barrick has the most copper exposure of the big guys.
Just musings from an amateur David. China and silver. A mystery. Given their domestic demand, I wonder why they allow exports. And who's buying? India? China appear not to be concerned with keeping silver domestically as a monetary metal. Unless they have massive stocks? Unless they're using it as a diplomatic tool? I think of India again.
Maybe China are using Ag exports to facilitate this rehypothecation process.
"rehypothecation"-an evil practice.
As I say David, just ramblings.
As an off topic aside, have you ever come across Otto Niemeyer? HM Treasury, BoE, League of Nations' Financial Committee Chair, ex-BIS chairman... I'm researching him as part of research into the actual facts and many lies surrounding the formation of New Zealand's central bank in the 1930s.
Silver is Freedom Money and the principle monetary metal / medium of exchange for 4,000 years. Gold was far too valuable for daily transactions. China would like to keep its citizens on CBDCs and social credit scoring system. Silver is an escape vehicle from CBDCs.
I do not know if Bullionbanks and the ETF panicked, but someone pinned extremely higher price stickers on my metals and miners today. In fiat this must be the best day of my life. And it is a Friday, which means I will fly through the weekend. A cheers to all stackers!
Congrats LGWT!
Hi, I'm sorry, I'm just a working class stiff. So, not a financial wizard. I have stashed some silver, though. And plan to get a little more as my pay check allows. How about Copper? There is rumors it may continue to go up. Would that be something to add to a person's secret stash?
Wouldn't be a bad idea to stack some copper.
Historically it was a monetary metal.
1 cubic metre contains 19,700 lb of copper worth $98,500 at $5 /lb.
Personally, I think silver especially will run much higher, much quicker than copper.
Buy 5/3 romex on on Facebook market place. Much easier to sell
No. Certainly you can invest in copper and copper miners. But you can’t stack the physical stuff at home. It’s too cheap and the quantities you’d need too vast to make it worthwhile. It would be like trying to buy a barrel of crude oil if you think oil is going up. Platinum might be another metal worth looking at. The platinum:gold ratio is an interesting chart and suggests platinum is very cheap comparatively. And you get a “lot” of platinum in a one ounce coin to physically stack. Or look at copper and bi-metallic miners. Some big gold miners have significant copper exposure too. Not a bad way to ride both prices. Probably Barrick has the most copper exposure of the big guys.
Just musings from an amateur David. China and silver. A mystery. Given their domestic demand, I wonder why they allow exports. And who's buying? India? China appear not to be concerned with keeping silver domestically as a monetary metal. Unless they have massive stocks? Unless they're using it as a diplomatic tool? I think of India again.
Maybe China are using Ag exports to facilitate this rehypothecation process.
"rehypothecation"-an evil practice.
As I say David, just ramblings.
As an off topic aside, have you ever come across Otto Niemeyer? HM Treasury, BoE, League of Nations' Financial Committee Chair, ex-BIS chairman... I'm researching him as part of research into the actual facts and many lies surrounding the formation of New Zealand's central bank in the 1930s.
Silver is Freedom Money and the principle monetary metal / medium of exchange for 4,000 years. Gold was far too valuable for daily transactions. China would like to keep its citizens on CBDCs and social credit scoring system. Silver is an escape vehicle from CBDCs.
No info on Niemeyer.
"Silver is an escape vehicle from CBDCs."
My thoughts exactly.