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ziknik

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Posts posted by ziknik

  3. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Thanks for your views, BigT.

     

    Does anyone know of a good place to see the current oil price and oil price charts? (Apologies for polluting The Gold One with oil talk! ;) )

     

    Try these two.

     

    This one is my fav chart because Gold/silver prices available in a range of currencies. You can overlay PoO (Brent) or a currency on to your gold or silver chart.

     

    http://goldprice.org/live-gold-price.html

     

    On this one, you can have multiple versions of the above on the same screen. Its got a WTI oil and well as Brent. Gold and Silver in USD only.

     

    http://netdania.com/Products/ChartStation/ChartStation.aspx

     

  4. A Short Guide To Buying Coins

    in Mining and Precious Metals

    Posted

    No the thickness would have to be the same. It would only change if the design, diameter or weight changed as well. I think that in one advert you have the nominal thickness stated and in the other the maximum thickness. There is always a margin of error in any engineering work, people just never state it.

     

    Coins are also created by being struck rather than milled or cast. If too much power is applied by the press then the outside edge of the coin is raised whilst the inside thickness reduced, if too little then the opposite affect occurs. This is another reason why a small difference in thickness is not really a problem.

     

    So when I measure my Eagle coin, it’s OK as long as the thickness is +/- 10% providing the diameter and weight are about right (?)

     

    Thanks for your BTW guidance. I really appreciate it.

     

  9. A Short Guide To Buying Coins

    in Mining and Precious Metals

    Posted

    I’ve spent hours looking for the thicknesses of coins. I’ve managed to find some. I though others' may find this useful

     

    Silver Eagle:

     

    Diameter – 40.6mm

    Thickness – 3.1mm

    Weight – 31.103g

     

    2008usa1dollarsilverproofcertificateobv400.jpg

     

    http://24carat.co.uk/frame.php?url=2008use...llioncoins.html

     

    Silver Philharmonic:

     

    Diameter –37mm

    Thickness – 3.2mm

    Weight – 31.103g

     

    http://austrian-mint.at/silberphil_daten?l=en

     

     

    I’m still looking for Silver Britannia and Silver Panda if anyone can help

  15. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ...

    The vast majority of physical silver is apparently still being sold at spot - eg. 1000oz bars. When the majority of the physical silver trade market starts using prices that are different to 'paper' spot prices - then that's a proper divergence. I don't see how what's going on just in the retail investment trade can be held up as evidence for anything other then the state of play in that small(?) sector of the silver market.

    ...

     

    I think that is a very valid point. I believe Gold Money buy and sell based on the price of silver bars and not the paper market. It will be interesting to keep an eye on the GM price for signs of divergence.

     

    I’m not sure if there is any at this point in time. Can anyone confirm?

     

  16. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I mean it was either a bad prediction or a misleading one.

     

    If by 'explode' he meant spike up by up to 10% before fallnig massively, then it was a bad use of words.

     

    If he meant 'go up massively' then I'd argue that a 5-10% spike followed by falls makes it a bad prediction.

     

    It’s a bit unfair that you are picking on a 10 week old prediction. If silver goes up 200% (from today) would you then say it was a good prediction? What if it goes on to fall 50% (after the 200% increase). Would it then be a bad prediction again?

     

    I said earlier in this thread that I thought it was a good prediction at the time and nothing has changed. At the time it was a good prediction.

     

    I’d consider this Cgnao post to be current. Do you think it is a good one or a bad one?

     

    http://www.greenenergyinvestors.com/index....ost&p=56855

     

    So had I predicted this morning that Croatia were going to "stuff" England, you would be happy to proclaim me right because the Croatians had the most possession in the first 20 minutes?

     

    I think you have picked a bad example. If Croatia had scored first (I don’t know if they did or not) I may* say that you were right at the time if asked.

     

    I find it interesting that you seem fascinated by my earlier conclusion. Have we met before?

     

    * I don’t really give a **** about football, so I probably wouldn’t have listened to your prediction if this was a real situation

  17. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Do you count 17.50 to 18.50 as an explosion? Or even 17.50 to 19.30?

     

    Over what time scale? (I’m not sure what you are getting at).

     

    So had the price fallen by 50c on that day, and subsequently risen 40% you would say that the OP's original prediction was wrong?

     

    That’s right

     

  21. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Just a thought, but why would a silver merchant want to accept cash for silver if they thought there was going to be a massive inflation? Why not just lock the doors and sit in the vault with the inventory waiting for D-Day? :P

     

    You could say exactly the same thing about any product for sale. Why do bakers sell bread, why don’t they stop selling it, wait for the price to go up and then sell it?

     

    Or indeed why would they re-order stock if they thought that the price was going to fall?

     

    That could be true for a small tin pot amateur coin dealer but it is not going to be the case for large distributors and suppliers. The large outfits are likely to have set contacts above spot or prices fixed for a period (days or weeks). They don’t have to order any amount of stock until they know it has sold.

     

    Take a look at Royal Mint for example. Their prices have not moved for months.

     

    http://www.royalmint.com/PackedSets/BR08AG.aspx

  24. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    thesilverexchange.com allegedly accepts credit cards. I would possibly just start paying all running expenses with the CC and average in. Anyway, we're not there yet, and I might actually not do it anyway if IRs are forbiddingly high. It was more of a joke.

     

    I’ve got a cashback credit card. I was thinking that I could buy silver, get the cashback and use it to buy more silver.

     

    Looking at the prices, it’s not really going to work out for me. Coindirectinvest is a bit cheaper once you add on the UK VAT

     

    http://www.thesilverxchange.com/

     

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