perhaps the 1 ounce silver discs prices do not reflect the reality of silver prices
They reflect the reality of 1 ounce silver disc prices. Same as always; different products have different premiums.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The industrial demand for silver is fairly stable year to year. That would lead me to believe that investor demand is the thing that triggers significant price increases or decrease in the price of silver.. The equities market has been very hot. At this point there doesn't seem to be a lot of investor interest in gold or silver versus equities. The silver market cap is $1.5T while the global equities market is $110T. A 1% shift out of equities into silver would explode the silver market. As long as investors remain bullish on equities silver and gold will remain flat but it wouldn't take a lot of shake up and crossover from equities to precious metals to move the precious metals markets dramatically.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
@derryb said:
Retailers are in business to make profit. They do this by squeezing every dollar they can from an ounce of silver. This is the opposite of suppressing the price.
I believe the high premium prices are supressing sales to retail buyers and keeping new investors/stackers out of the market. Increase your sales base and you increase demand and prices will rise. The silver marketeers need to increase demand and liquidity but the retail sellers with huge premiums are doing the opposite.
Aren't you the one who said the cure for high prices is high prices?
Sounds like you are complaining that price discovery in the physical silver market is behaving like a free market where supply and demand, and nothing else, determine price equilibrium.
So the physical price discovery you proclaim is somewhere between spot +70c and spot +$12. Yeah, thats discovery alright.
And yes, the best cure for high prices is high prices, as evidenced by the lack of demand for these high priced trinkets. The market can only take in a few million dollars of demand, while other "lesser" assets take in billions.
What will it take for silver to take in billions? Increased demand. And putting new investors in a hole immediately after purchase will not increase demand.
What will it take for silver to take in billions? Increased demand.
better understanding of the need for dollar insurance. It's rapidly growing. Silver is the poorer mans policy.
Gold will continue to be the policy of choice by the bigger buyers and central banks simply because of its value to cubic foot ratio.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
COMEX is waiting to make deliveries
They reflect the reality of 1 ounce silver disc prices. Same as always; different products have different premiums.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Squeeze? LOL the pos is down since the great squeeze. More available than ever.
The whole worlds off its rocker, buy Gold™.
gotta stop buying monster boxes and start buying 1,000 ouncers
The industrial demand for silver is fairly stable year to year. That would lead me to believe that investor demand is the thing that triggers significant price increases or decrease in the price of silver.. The equities market has been very hot. At this point there doesn't seem to be a lot of investor interest in gold or silver versus equities. The silver market cap is $1.5T while the global equities market is $110T. A 1% shift out of equities into silver would explode the silver market. As long as investors remain bullish on equities silver and gold will remain flat but it wouldn't take a lot of shake up and crossover from equities to precious metals to move the precious metals markets dramatically.
So the physical price discovery you proclaim is somewhere between spot +70c and spot +$12. Yeah, thats discovery alright.
And yes, the best cure for high prices is high prices, as evidenced by the lack of demand for these high priced trinkets. The market can only take in a few million dollars of demand, while other "lesser" assets take in billions.
What will it take for silver to take in billions? Increased demand. And putting new investors in a hole immediately after purchase will not increase demand.
Knowledge is the enemy of fear
better understanding of the need for dollar insurance. It's rapidly growing. Silver is the poorer mans policy.
Gold will continue to be the policy of choice by the bigger buyers and central banks simply because of its value to cubic foot ratio.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey