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Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
Administrator said:
It still takes about 446 kg of silver ($1,580,000 / $3,538) to buy an average house in Sydney.

In 1980, when silver peaked, it was about 69 kg of silver($76,500 / approx $1,100) to buy an average Sydney house.

I think we have a long way to go.
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The $ price is important, obviously. But I'm with you and everyone else that's in the ratio camp. The GSR or the ratio to the DOW are the real indicators
 
I've noticed over the last years, that there is often huge world changing news around this time of year.
Is the world changing news this time going to be looked back on as the blast off for precious metals?
 
Administrator said:
It still takes about 446 kg of silver ($1,580,000 / $3,538) to buy an average house in Sydney.

In 1980, when silver peaked, it was about 69 kg of silver($76,500 / approx $1,100) to buy an average Sydney house.

I think we have a long way to go.
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It's a worthy comparison but there's a lot to factor in regarding population to housing ratio, income to debt and credit availability. For some weird reason there still seems to be a decent amount of demand for housing, even though the deposits and loan repayments are quite hefty. Most of the properties listed in Canberra are Auctions, which is quite telling that real-estate agents are still seeing high levels of demand. The population of immigrants has exploded in the past 10 years around here and the rental situation is dire.
 
These were $3,300 back in 2018. And the price today is exactly why I chose to buy 1oz coins instead of 100oz and 5kg bars. Good luck selling $20k of silver in one hit privately! This would limit someone to dealer buyback prices and an instant registration of sale. Liquidity is important.

Screenshot_2025-12-26-15-19-02-15_40deb401b9ffe8e1df2f1cc5ba480b12.jpg
 
STKR said:
It's a worthy comparison but there's a lot to factor in regarding population to housing ratio, income to debt and credit availability. For some weird reason there still seems to be a decent amount of demand for housing, even though the deposits and loan repayments are quite hefty. Most of the properties listed in Canberra are Auctions, which is quite telling that real-estate agents are still seeing high levels of demand. The population of immigrants has exploded in the past 10 years around here and the rental situation is dire.
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When u have 1,253 People A DAY arriving in this country, they all need HOUSING !

ABS's own information.

AAP FactCheck using recent data from the Australian Bureau of Statistics (ABS) about overseas arrivals and departures (OAD).

This data measures the number of people moving in and out of the country in a period and is sourced from documents filled out by travellers.

The total number is broken down across several categories, including permanent arrivals, long-term visitors and short-term visitors.

Adding together the permanent and long-term arrivals and then subtracting departures in those same categories creates a net figure for permanent and long-term (NPLT) movements.

When calculated over the year to the end of June 2025, this results in an NPLT figure of 457,560.

457,560 Divided by 365 = 1,253 PEOPLE/DAY

That's why there's a HOUSING CRISIS !
 
SKULL said:
When u have 1,253 People A DAY arriving in this country, they all need HOUSING !

ABS's own information.

AAP FactCheck using recent data from the Australian Bureau of Statistics (ABS) about overseas arrivals and departures (OAD).

This data measures the number of people moving in and out of the country in a period and is sourced from documents filled out by travellers.

The total number is broken down across several categories, including permanent arrivals, long-term visitors and short-term visitors.

Adding together the permanent and long-term arrivals and then subtracting departures in those same categories creates a net figure for permanent and long-term (NPLT) movements.

When calculated over the year to the end of June 2025, this results in an NPLT figure of 457,560.

457,560 Divided by 365 = 1,253 PEOPLE/DAY

That's why there's a HOUSING CRISIS !
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100%. That's the population of Canberra every year. Politicians should be forced to house them for free in their investment properties for selling out our country.
 
Just looked....flabberghasted. Officially flabberghasted. Kinda worried about my savings....or whatever is about to be put in place to prevent a run.
 
STKR said:
These were $3,300 back in 2018. And the price today is exactly why I chose to buy 1oz coins instead of 100oz and 5kg bars. Good luck selling $20k of silver in one hit privately! This would limit someone to dealer buyback prices and an instant registration of sale. Liquidity is important.

View attachment 15515
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For swap to 10 oz gold later for lower gsr, should not be an issue.
Say 1:32
 
STKR said:
These were $3,300 back in 2018. And the price today is exactly why I chose to buy 1oz coins instead of 100oz and 5kg bars. Good luck selling $20k of silver in one hit privately! This would limit someone to dealer buyback prices and an instant registration of sale. Liquidity is important.

View attachment 15515
Click to expand...
Nearly all of my Silver is 1 oz rounds/coins = LIQUIDITY

I brought a Proof Set & a few pieces from Smithys Bullion.

In a SHTF situation, those 1 oz coins should save my day :cool:
 
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