u/Calflyer — reddlx

▲ 42 r/Silverbugs+1 crossposts

Casual observations

Ive been stacking for a few years now and i love silver. From reading all the posts I have a few observations about stacking:

1: silver is a great way to start stacking

2: there is really a lot of silver out there. So much that dealers are jammed with it and refiners at times wont take it.

3: families that inherit silver seem to sell it right away.

4: stackers with many kilos often look to convert it to gold

4: gold on the other hand seems genuinely rare and families hold on to for generations

5: platinum is rarer than hen’s teeth

No conclusions here or recommendations, just observations. Carry on.

reddit.com

u/Calflyer — 19 hours ago

▲ 18 r/MetalsOnReddit+1 crossposts

Australian Gold Rush

Edward Hargraves is credited with finding gold in Australia in 1951. Edward had just returned from California where he had been unsuccessful at finding gold, reportedly because he was not a good digger. He did learn a few techniques for finding gold.

He learned from some locals that they had found some gold and where. He and a couple mates went looking and found a few flakes. Little did he know he was walking over one of the biggest gold fields in the country. He left his mates to go talk to the county leaders and convince them to offer a reward for finding gold.

Apparently the country was suffering from an exodus of people to California and the county leaders wanted to stop it so they put up a big reward. Hargraves wrote a letter to the newspaper in Sydney saying he found gold and the rush was on. Hargraves collected the reward and did not dig ever again. His mates were quite burned up over it.

Only 555 of this coin were minted in commemoration of the 150 anniversary of the 1851 rush that brought thousands to the country and reinvigorated the economy.

u/Calflyer — 8 days ago

▲ 2 r/MetalsOnReddit+1 crossposts

Russia

Since Russia is a major producer of gold, arent they missing out on the retail market by not having a consumer oriented product? Why would they pass this up?

reddit.com

u/Calflyer — 18 days ago

▲ 2 r/Pmsforsale