Whoa! Silver bar shortage
Weiss
Posts: 9,941 ✭✭✭✭✭
Interesting article from Coinflation about silver bars drying up
I didn't give it any credence until I checked Apmex and Gainesville just now. Would you believe he appears to be right
There are almost no silver bars available at either location. Some delays until after Thanksgiving, others until much, much later.
I didn't give it any credence until I checked Apmex and Gainesville just now. Would you believe he appears to be right
There are almost no silver bars available at either location. Some delays until after Thanksgiving, others until much, much later.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
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1 ozers was sold out, and my order for 10 ozers would never confirm (but didnt state sold out on the main page...), so I believe they were sold out also.
I just put in my cart $75K worth of silver bars (various sizes)...
...and then I did empty it. It was a fun feeling!
edited to add: should we start to worry?
<< <i>Provident Metals website has plenty of them.
I just put in my cart $75K worth of silver bars (various sizes)...
...and then I did empty it. It was a fun feeling! >>
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>edited to add: should we start to worry? >>
What is your opinion?
========================================================
It was autumn, and the Indians on the remote reservation asked their new Chief if the winter was going to be cold or mild. Since he was an Indian Chief in a modern society, he had never been taught the old secrets and, when he looked at the sky, he couldn't tell what the weather was going to be. Nevertheless, to be on the safe side, he replied to his tribe that the winter was indeed going to be cold and that the members of the village should collect wood to be prepared. But also, being a practical leader, he decided to seek advice from experts.
He went to the phone booth, called the National Weather Service and asked, "Is the coming winter going to be cold?"
"It looks like this winter is going to be quite cold indeed," the meteorologist at the weather service responded. So the Chief went back to his people and told them to collect even more wood in order to be prepared.
A week later he called the National Weather Service again. "Is it still going to be a cold winter?" he asked.
"Yes," the man at the National Weather Service again replied, "we've updated our forecast and it's going to be a very cold winter." The Chief again went back to his people and ordered them to collect every scrap of wood they could find.
Two weeks later he called the National Weather Service again. "Are you absolutely sure that this winter is going to be very cold?" he asked for a third time.
"Absolutely," the weatherman replied. "In fact, our newest information says that it's going to be one of the coldest winters ever!"
"How can you be so sure?" the Chief asked.
The weatherman replied, "The Indians are gathering firewood like crazy."
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mariner67, and Mikes coins
Since nobody wants to sell low and buy high, what makes you think these metal retailers are any different?
8800 down to 8200 is a big drop?
TD
<< <i>8800 down to 8200 is a big drop? >>
Where did it say it was a big drop? Was used as a reference. BTW silver is at a 30 year high, I consider the recent 10 second $29+ high as meaningless. If dealers have silver to sell, I would think that they would do so & not anticipate the market for a greater gain or potential loss.
<< <i>
<< <i>edited to add: should we start to worry? >>
What is your opinion?
========================================================
It was autumn, and the Indians on the remote reservation asked their new Chief if the winter was going to be cold or mild. Since he was an Indian Chief in a modern society, he had never been taught the old secrets and, when he looked at the sky, he couldn't tell what the weather was going to be. Nevertheless, to be on the safe side, he replied to his tribe that the winter was indeed going to be cold and that the members of the village should collect wood to be prepared. But also, being a practical leader, he decided to seek advice from experts.
He went to the phone booth, called the National Weather Service and asked, "Is the coming winter going to be cold?"
"It looks like this winter is going to be quite cold indeed," the meteorologist at the weather service responded. So the Chief went back to his people and told them to collect even more wood in order to be prepared.
A week later he called the National Weather Service again. "Is it still going to be a cold winter?" he asked.
"Yes," the man at the National Weather Service again replied, "we've updated our forecast and it's going to be a very cold winter." The Chief again went back to his people and ordered them to collect every scrap of wood they could find.
Two weeks later he called the National Weather Service again. "Are you absolutely sure that this winter is going to be very cold?" he asked for a third time.
"Absolutely," the weatherman replied. "In fact, our newest information says that it's going to be one of the coldest winters ever!"
"How can you be so sure?" the Chief asked.
The weatherman replied, "The Indians are gathering firewood like crazy." >>
There's always been the possibility that the thing that triggered an explosion in silver prices
would be a self fullfilling prophesy of one sort or another. But the fact is silver is effectively
scarcer than gold and necessary to the operation of all economies that trade on the world
stage. Higher prices will have little effect on increasing supply or decreasing demand so once
an explosion starts there will be almost nothing to hold the price in check. It will overshoot
by an incredible margin because silver really will come out of the woodwork and there will be
efforts to decrease demand and increase supply.
But all indications are that there will be a structural deficit in silver supplies until such time as
we can bring it in from off world or find an economical means of harvesting it from the sea floor.
But it will probably always be scarcer than gold for at least a century.
My crystal ball doesn't work well past a few years and is hazy even for next week but there
does exist a structural deficit in silver and it ain't going away anytime soon.
Ben Franklin said a man who stacks his own firewood is warmed by it twice and I always believe
the Farmer's Almanac about future weather.
...Or at least I believe practical tips for staying warm.
Well by the same token you can't stack too much firewood.
(PS: Keep on Stackin')
Camelot
My bars are tended to by Glock 36.