I think it touched $3900, eased off a bit now though. Amazing strength in these moves up in the space of a few months.
Spot for a sovereign is now $916+, only back in June I recall buying sovs for $800 thinking they were expensive at the time.
For sale at spot
14ct gold chain, weight 6.96g, total length approx 24.5cm
Has a clasp to secure to itself, permanently linked with a smaller safety chain when unclasped
Stamped 14K on one of the loops
AGW 0.1305oz troy
Selling for spot $478, with free postage
This info below is from the Numista link in my opening post. They were still striking these after Maria Theresia’s passing in 1780 and kept minting them with the same 1780 date long after she was gone.
I thought about donating this for a future treasure hunt, then thought maybe some fiat would be more useful for the forum's running expenses.
So here it is, a lovely Maria Theresia 1 Thaler in shiny uncirculated condition. This is the restrike version, dated 1780 but unknown which year it was...
i just noticed something with my trades as well, not sure if this is what you saw too.
I closed some trades in profit according to the positions, and refreshed a bit later to see my cash balance went backwards
Silver being easier to mine should explain some of the reason for the lower price, regardless of its abundance ratio in the ground, if it is indeed less effort to extract than for gold
As for China not exporting it, could just be because they manufacture nearly all the world's solar panels and...
Yeh I was responding to alor regarding the 31% drop vs the hundreds of percent gain in GSR over different timeframes
And also responding to yours about government stockpile sales
The 7:1 mining supply ratio has also been put forward as another reason why silver should be worth more, which has...
you can cherry pick any timeframe to suit the narrative.
a few thoughts in response
- Mar 2020 was a black swan event and is an outlier outside of expected norms
- this reinforces my point made earlier - in times of crises, gold is greater than silver
- yes 31% drop from Mar 2020, but also...
From what I can see, Net Official Sector Sales since 2011 only makes up less than 1% of total supply (e.g. 2011, 4.8/1009.7 = 0.475%, and in 7 out of 9 years in this table Total Supply was greater than Total Demand. From these numbers, I'm not seeing how there is a significant amount of...
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