John Wiegerink
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Yes, and I know China has some very big Copper mines. How much they extract there, I wouldn't even guess.
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Yes, and I know China has some very big Copper mines. How much they extract there, I wouldn't even guess.Silver is a byproduct (coproduct) of copper mining as well.
I think Ilford is in pretty good shape except for the U.S. market where the blasted tariffs have caused me to now buy Kodak now. Trust me, I don't like Kodaks pricing scheme on much of their film (bulk 35mm B&W and sheet film), but 120 B&W seems to have come down to earth a little. Maybe Kodak is trying to corner the 120 B&W market when it comes to quality B&W films????I imagine that Ilford's sheet films are a very small portion of its sales these days so any further drop in demand may have little effect on its future prospects
pentaxuser
How does anyone know they actually have the gold or that it hasn't been loaned out?Electronic Traded Funds require physical metal in London vaults (for example) . Each share of GLD requires that the ETF have 1/10 ounce of gold in their vaults. Same is true for the silver funds.
From a hopeful perspective silver may flow back out triggering a crash in prices.
I think Ilford is going to be in a good place, regardless of silver (noise) along with Foma, but Ilford especially to serve the needs of fine art silver photography and printing.
I think Ilford is in pretty good shape except for the U.S. market
Yes, you're right Matt, but maybe I'm the only one that has went back to Kodak B&W film.As the US is Harman's largest market, that phrase may contain its own inconsistency!
Yes, you're right Matt, but maybe I'm the only one that has went back to Kodak B&W film.
Yikes, Paul, that doesn't sound so good for Ilford films and papers for sure. Maybe some smart scientist can come up with something that is "light sensitive" besides silver for film making? Okay all you chemists, get working!You're not. TMY was averaging $12 per roll five years ago and Delta 400 was closer to $9.00, but now, it's the other way around: Ilford Delta 400 is $12.49 and TMY is $8.80
Because of the price shift, I've stopped buying Ilford and once my Ilford cache is used up, it will be either Kodak or Fomapan, I expect.
Yikes, Paul, that doesn't sound so good for Ilford films and papers for sure. Maybe some smart scientist can come up with something that is "light sensitive" besides silver for film making? Okay all you chemists, get working!
How does anyone know they actually have the gold or that it hasn't been loaned out?
London Bullion Market Association vault holdings data is released shortly after each month end. The custodian of the ETC is the usual source of more information.
IDK what is the situation in the US.
Because of the price shift, I've stopped buying Ilford and once my Ilford cache is used up, it will be either Kodak or Fomapan, I expect.
Dang, me too! I didn't sell my silver half dollars fast enough. I'll just wait tell those evil speculators drive the prices up again and then unload.On paper I lost 6.3 million dollars yesterday on GLD
GLD stock company is supposed to keep 1/10th of an ounce of gold for each of its shares. The gold is supposed to be stored in a London vault. None is kept in the US or elsewhere as far as I know. So the question is, is the gold backing up the stock purchase really in a London vault? Is any of it missing or loaned out? Is there a place to check these things online?
I've heard that even if you hold actual physical gold, the price is manipulated by vaults claiming they have more than they really do.
GLD stock company is supposed to keep 1/10th of an ounce of gold for each of its shares. The gold is supposed to be stored in a London vault. None is kept in the US or elsewhere as far as I know. So the question is, is the gold backing up the stock purchase really in a London vault? Is any of it missing or loaned out? Is there a place to check these things online?
That's what I'm wondering myself. Only time will tell I guess.so was the silver bubble to 120 us/oz and fall back a blip?
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