Royal Mint list a 2026 1oz Silver Britannia at £84.86 right now, inc VAT. I’m not sure what the delivery charges are because I’ve never had to pay any.
Open question - Financial
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Can’t imagine those with physical silver will be in a rush to sell it off before the market’s settled. Better to hold on through the dips if following a long term investment strategy.
As with stocks and shares or crypto, those buying PMs for the short term gains when the market gets exciting will be the main ones to lose out. The internet is full of people hoping to double their assets overnight.
As with stocks and shares or crypto, those buying PMs for the short term gains when the market gets exciting will be the main ones to lose out. The internet is full of people hoping to double their assets overnight.
Many of the bullion dealers websites are showing that they have no silver in stock which I suspect is really a polite way of saying "We do have some silver in the vault but we're not daft enough to give it away at these prices."
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Not made anything out of silver for a while to shudder to look at stock prices, might have to process my box of scrap
Disclaimer - This is personal opinion not financial advice.
If I had a box of scrap silver I would hold on to it for a while and wait for higher prices.
I keep my scrap for the making of findings and other small pieces instead of breaking into stock, so it's not something I will be selling unless I really have to.Disclaimer - This is personal opinion not financial advice.
If I had a box of scrap silver I would hold on to it for a while and wait for higher prices.
Surprised bushcrafty folks aren't panning for precious metals ( or are they?) As there are quite a few gold bearing watercourses in Britain
It’s all owned by the Crown though, even on land you own. Technically illegal unless you are granted a license, which is very, very unlikely.
Quite a few gold panning YT channels out there covering UK - looks like a easy way to get cold , wet and disappointed to me however from watching a few. But I guess thats why we value Gold - the labour in finding , either via mining or panning.
"Technically" - nudge, nudge wink-wink - say No more !!!
Gold Panning & The Top Locations in The UK to Find Gold - Finest Fossils
UK rivers are a prime source of gold, so it's no surprise that people across the UK hunt for gold in their spare time. But where are the best spots?
www.finestfossils.co.uk
Gold Panning & The Top Locations in The UK to Find Gold - Finest Fossils
UK rivers are a prime source of gold, so it's no surprise that people across the UK hunt for gold in their spare time. But where are the best spots?
interesting. it was only this week that me and a friend were talking about going and panning for gold. I think it would be fun. I said we need to find a creek but warned of the need to wear full long johns as we would inevitably be robbed by outlaws and left in only our underwear. DD xxx
I think I know what you are saying but for those people following along regarding spot vs actual and the difference that has recently occurred you may want to pad out your response and provide some context - just a suggestion.The spot price is £65.92.
The physical price is £95.62 (£114.74 including VAT).
Something broke on Friday.
As far as I can tell, no one, anywhere in the world is willing to sell silver at the £65 spot price which is the price that the 'paper' silver market says silver is currently valued at. If today, right now, you wanted to take physical possession of 1oz of actual silver atoms you have to pay around £100. Not £65.
It is normal to pay a small premium of a few % over the spot price if you want to take delivery of physical silver but this current size of price gap is unheard of. The spot price has become a meaningless number which, for now at least, bares no resemblance to the actual price of physical silver the real world.
Something big happened deep in the plumbing of the global financial system last Friday. I suspect the spot price of silver had to be separated from the real physical market price to prevent the banks who were 'shorting' silver in the paper markets from collapsing. If any of the 'to-big-to-fail' banks collapse it will likely lead to a rapid and complete collapse of the entire fiat financial system. As in all accounts frozen and no more digital transactions are able to take place. Total chaos!
They seem to have managed to keep things held together with spit and gaffer-tape for the time being. For now the metaphorical can has been kicked down the road a little further, but I suspect we probably came very close to loosing it altogether last week. I cannot prove my claim but this is what my gut is telling at me.
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I agree with Horseguy, this is a huge and unreal gap. My limited view is that the holders of real metals bought it at such a high price they cannot afford to sell at the claimed spot prices. They are therefore sitting tight waiting for a recovery, and not interested in selling except at mugs prices.
The real vs (alledged) market price of oil varies hugely too. No idea what the price of Russian and Venuzuelan oil really is, depending upon the buyer!
The real vs (alledged) market price of oil varies hugely too. No idea what the price of Russian and Venuzuelan oil really is, depending upon the buyer!
My go to dealer, never let me down and they have a fair buy back system too.The spot price is £65.92.
The physical price is £95.62 (£114.74 including VAT).
Something broke on Friday.
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