POLL: investment silver is scarce, or...
konsole
Posts: 795 ✭✭✭
Alot of people are saying how they can't find much if any silver at different places they have been too especially the smaller size bullion pieces, and so everybody assumes that silver demand is through the roof and its scarce just about everywhere. I can't help but wonder if there really is as much scarcity as it looks or retailers are just not willing to sell at such low prices. So whats your guys opinion?
A.) There is an investment shortage and retailers are honestly selling what little they have.
B.) There is no investment shortage or not that much and retailers are just hiding their inventory to prevent selling at low prices.
A.) There is an investment shortage and retailers are honestly selling what little they have.
B.) There is no investment shortage or not that much and retailers are just hiding their inventory to prevent selling at low prices.
0
Comments
Too many positive BST transactions with too many members to list.
This is much different than not to long ago
So Kinda A&B
dealers know when to make a buck.
while manufacturers who buy in 1000+ bars have no problem at all for slight premiums
over spot.
nothing has changed....
<< <i>What do you consider "investment silver"? Bars or 90%? >>
1, 5, 10, and 100 ounce bars. quality 1 ounce rounds. ASEs. etc..
90% is always available in smaller quantities at your local B&M.
put the word out and in short time you can get larger quantities.
65% A
35% B
RAH
was 14-15 an ounce a while back, finding premium bars was a
struggle back then also... they would sell quickly while 90% was
snubbed.
nothing has changed ;-)
<< <i>A to me for the small sizes... "investment sizes for john q public". sure premiums are high.
dealers know when to make a buck.
while manufacturers who buy in 1000+ bars have no problem at all for slight premiums
over spot.
nothing has changed.... >>
But if this were unconditionally true..... why are the big users like the US Mint unable to get the silver for minting ASE's, etc?? Seems they would be more than willing to purchase the 1,000 ounce bars, melt them down and crank out the ASE so fast that the die's would melt. It just isn't happening. Perhaps the US Mint purchases ready made planchets from another supplier.... but, even in that case, why is the supplier not doing the same thing--- purchasing those abundant? 1000 ouncers and cranking out the high demand products??
It makes no sense. There is definitely distortion in the market. Yes, I believe you can probably get on the phone and get some of those 1,000 ounce bars. But I have to wonder if the supply of those are also being restricted or held back to some degree.... perhaps the FED and the big banks do not want this supply to dwindle.... if it did, they would have no means to control the market. So perhaps they using whatever means they can to hold up deliveries?? Just speculating....
Hard to get , and if you can, a decent or near indecent premium is being
asked.
Thats what the bid/ask system is for, but not in this current market
environment...........volatility anyone!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>A to me for the small sizes... "investment sizes for john q public". sure premiums are high.
dealers know when to make a buck.
while manufacturers who buy in 1000+ bars have no problem at all for slight premiums
over spot.
nothing has changed.... >>
But if this were unconditionally true..... why are the big users like the US Mint unable to get the silver for minting ASE's, etc?? Seems they would be more than willing to purchase the 1,000 ounce bars, melt them down and crank out the ASE so fast that the die's would melt. It just isn't happening. Perhaps the US Mint purchases ready made planchets from another supplier.... but, even in that case, why is the supplier not doing the same thing--- purchasing those abundant? 1000 ouncers and cranking out the high demand products??
It makes no sense. There is definitely distortion in the market. Yes, I believe you can probably get on the phone and get some of those 1,000 ounce bars. But I have to wonder if the supply of those are also being restricted or held back to some degree.... perhaps the FED and the big banks do not want this supply to dwindle.... if it did, they would have no means to control the market. So perhaps they using whatever means they can to hold up deliveries?? Just speculating.... >>
trying to understand the US mint and their ways is an exercise in futility.
they probably have a few suppliers and those few are back ordered.
simple as that is my swag.
terms scarce or shortage.
when you cannot buy the metal at any price.. that is called a shortage or scarce.
that is not the situation we are in.
the situation we are in is that the regular sources of the metal that
flippers usually buy from are back ordered until Nov.
if you post on the BST, buying bars of silver for 18 an ounce.. i am
sure you will get your fill quite quickly. in a shortage that would not
be possible.
<< <i>B there is no shortage of silver anywhere....just shell shocked investors >>
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
Nothing even close to spot.
Scott
There's never a shortage of anything really, as the price always compensates.
I think Ebay is a great indicator of any market. The amount of silver available for sale on Ebay is lower than I remember seeing and the prices people are getting are ridiculous.
It's not too hard to find ASE at $4 over spot. It's a challenge to find them cheaper.
They say American's won't do certain jobs at $6/hr, but raise that wage to $16/hr and see how many applicants you get.
Rolls of ASE are going for $16.50+ which is almost $6 over spot!