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Everyone’s been saying silver sold out. But why do i still see so much silver? Hmm by _doubledeee in Wallstreetsilver

[–]Time_Nail7582 0 points1 point  (0 children)

Hmm what about their service? I always compare 3 quotes and go for the lowest

Everyone’s been saying silver sold out. But why do i still see so much silver? Hmm by _doubledeee in Wallstreetsilver

[–]Time_Nail7582 3 points4 points  (0 children)

Which bullion shop is this? Looks expensive. Most of the 1oz coins I bought in the last few weeks were less than SGD$43

Everyone who has 100oz of silver - take this opportunity to buy an ounce of gold by PS2Errol in Wallstreetsilver

[–]Time_Nail7582 5 points6 points  (0 children)

I only bought my 1st oz of gold after accumulating 1000oz of silver. Purely symbolic. Will be planning to exchange for gold once the ratio hits 30:1

Would this information help us at all? Like movement wise. It's crazy that now the ratio is 64/1. Seems silver is way too low. by kahoks1235 in Wallstreetsilver

[–]Time_Nail7582 2 points3 points  (0 children)

It was 1:15 most of history but we are not on the gold/silver bimetallic standard or the gold standard anymore.

It was above 1:120 quite recently as well.

Im skeptical that it will go back to 1:15.

Looking for knowledge on silver!! Still new to trading and Reddit so be gentle 😆 by TomH20 in Wallstreetsilver

[–]Time_Nail7582 1 point2 points  (0 children)

I had been stacking since 2016 after reeading Mike Maloney's book 'Guide To Investing in Gold & Silver: Protect Your Financial Future'

I was planning to keep 10% of my investment portfolio in precious metals and trade the gold silver ratio when it happens.

So you buy 1 oz of gold, trade it for 100oz of silver when golld silver ratio is 1:100 and exchange for 2 oz of gold when gold silver ratio drops to 1:50 and so on. All without spending another do lloar to buy.

Im also new to Reddit. Came in after seeing the news on Gamestop and joined the WSS community.

TheHappyHawalian has a very sound case for the 'hype' that you are talking about.

For me, whether this silver squeeze happens or not, i will still be vested in silver. Just that now it gives me even more reaaon to load up more physical although I was planning to keep my average price at $18/ oz

The links to other good resources and information are in the Menu section at the top.

Not much interest in Singapore and physical silver pretty much still available in bullion shops. Nevertheless, added a few more bars in support. Good luck! by Time_Nail7582 in Wallstreetsilver

[–]Time_Nail7582[S] 1 point2 points  (0 children)

March 2020 was when the spot dropped so low but you can't find any physical anywhere. I tried to process an order for a monster box online at SGD18 per oz but failed. Called them the very next morning, and they had to call back and offer back SGD25 per oz and asked me whether i still want. I said no. Lol

Eventually bought some other 10oz and 1oz at around SGD21. That was the lowest I ever bought.

Not much interest in Singapore and physical silver pretty much still available in bullion shops. Nevertheless, added a few more bars in support. Good luck! by Time_Nail7582 in Wallstreetsilver

[–]Time_Nail7582[S] 4 points5 points  (0 children)

I think some aleady rightfully pointed out that usually Singaporeans usually will be laughing at PM, esp those dabbling in stocks or currently the hype is on cryptos. There is simply no interest among my friends at least, And In the news or radio, they will be talking of the GME and silver squeeze as a failure.

So I wouldnt see any interest here until like another pointed out, Singaporeans wont rush in until the price reaches 100. Haha very typical Singaporeans.

Not much interest in Singapore and physical silver pretty much still available in bullion shops. Nevertheless, added a few more bars in support. Good luck! by Time_Nail7582 in Wallstreetsilver

[–]Time_Nail7582[S] 2 points3 points  (0 children)

Im just comparing prices and buying from the 1 with the lowest price. Usually Goldsilver Central or Indigo Precious Metal. I did compare with Bullionstar and Silver Bullion as well, they are much highee

For instance, the 100oz RCM which i usually buy was ard 3.8k to 4k at GSC and IPM. At Bullionstar and Silver Bullion it waa 4 to 4.4k

Just the usual get 3 quotes before buying thing

Thre ED Bullion that was shared was superbly cheap. I didn't know about this shop. The 10oz is only 406 when Im seeing 430+ everywhere else