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Attn Silvertards-Here is what I am hearing

 
MaxMad
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User ID: 13864401
United States
01/21/2013 09:12 AM
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Attn Silvertards-Here is what I am hearing
So I talked to a local coin dealer, here in IL) about the lack of supply he had. He was sold out of all Premium and junk silver. He had maybe 50 or so generics, thats it!!! I asked him what he thought.. He asked me to sell him some silver if I had any. He told me he would pay me 1.50 over spot. I said NO WAY... He said THAT is the problem, he isn't seeing the masses coming in to sell their silver any more...

Are you guys seeing the same?
Anonymous Coward
User ID: 32623728
Argentina
01/21/2013 10:06 AM
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Re: Attn Silvertards-Here is what I am hearing
That's the word on the street in the U.S., for sure. And you can easily go check online dealers that sell silver to see that spreads are really going up enormously on most of the popular investable forms. I'll have to ask people I know in other countries how things look there, but it sure seems like this shortage is legitimate and will only get more acute with time. 2013 looks like it's going to be a BIG year for the price of silver!

seal
MaxMad  (OP)

User ID: 13864401
United States
01/21/2013 10:07 AM
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Re: Attn Silvertards-Here is what I am hearing
That's the word on the street in the U.S., for sure. And you can easily go check online dealers that sell silver to see that spreads are really going up enormously on most of the popular investable forms. I'll have to ask people I know in other countries how things look there, but it sure seems like this shortage is legitimate and will only get more acute with time. 2013 looks like it's going to be a BIG year for the price of silver!

seal
 Quoting: Anonymous Coward 32623728


Is that you Strongman? Glad to hear from ya!
Anonymous Coward
User ID: 32623728
Argentina
01/21/2013 10:23 AM
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Re: Attn Silvertards-Here is what I am hearing
That's the word on the street in the U.S., for sure. And you can easily go check online dealers that sell silver to see that spreads are really going up enormously on most of the popular investable forms. I'll have to ask people I know in other countries how things look there, but it sure seems like this shortage is legitimate and will only get more acute with time. 2013 looks like it's going to be a BIG year for the price of silver!

seal
 Quoting: Anonymous Coward 32623728


Is that you Strongman? Glad to hear from ya!
 Quoting: MaxMad


Nope, but hopefully Strongman will weigh in on what he's seeing and hearing here in Argentina.
Anonymous Coward
User ID: 458369
United States
01/21/2013 10:31 AM
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Re: Attn Silvertards-Here is what I am hearing
Told you sell gold, buy silver.....
Anonymous Coward
User ID: 32724170
Canada
01/21/2013 10:36 AM
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Re: Attn Silvertards-Here is what I am hearing
So I talked to a local coin dealer, here in IL) about the lack of supply he had. He was sold out of all Premium and junk silver. He had maybe 50 or so generics, thats it!!! I asked him what he thought.. He asked me to sell him some silver if I had any. He told me he would pay me 1.50 over spot. I said NO WAY... He said THAT is the problem, he isn't seeing the masses coming in to sell their silver any more...

Are you guys seeing the same?
 Quoting: MaxMad


Spot is based on paper and a disconnect between it and physical has started.

Locally, when TPTB beat down the physical [rice with their paper the shops claim that they are sold out.

Truth is they are sitting on it because they do not want to take a loss.

When the masses realize that you have to have psychical in your possession to own it then the paper crapola will lose its shinola.
MaxMad  (OP)

User ID: 13864401
United States
01/21/2013 10:40 AM
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Re: Attn Silvertards-Here is what I am hearing
So I talked to a local coin dealer, here in IL) about the lack of supply he had. He was sold out of all Premium and junk silver. He had maybe 50 or so generics, thats it!!! I asked him what he thought.. He asked me to sell him some silver if I had any. He told me he would pay me 1.50 over spot. I said NO WAY... He said THAT is the problem, he isn't seeing the masses coming in to sell their silver any more...

Are you guys seeing the same?
 Quoting: MaxMad


Spot is based on paper and a disconnect between it and physical has started.

Locally, when TPTB beat down the physical [rice with their paper the shops claim that they are sold out.

Truth is they are sitting on it because they do not want to take a loss.

When the masses realize that you have to have psychical in your possession to own it then the paper crapola will lose its shinola.
 Quoting: Anonymous Coward 32724170


Looks like we may be seeing the price disconnected between physical and the Manipulated spot!
Anonymous Coward
User ID: 32643526
United States
01/21/2013 10:49 AM
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Re: Attn Silvertards-Here is what I am hearing
Told you sell gold, buy silver.....
 Quoting: Anonymous Coward 458369


I have no money, so I could do this with naked shorts on gold. silvertards, we ride!
Anonymous Coward
User ID: 14443159
United States
01/21/2013 10:57 AM
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Re: Attn Silvertards-Here is what I am hearing
So I talked to a local coin dealer, here in IL) about the lack of supply he had. He was sold out of all Premium and junk silver. He had maybe 50 or so generics, thats it!!! I asked him what he thought.. He asked me to sell him some silver if I had any. He told me he would pay me 1.50 over spot. I said NO WAY... He said THAT is the problem, he isn't seeing the masses coming in to sell their silver any more...

Are you guys seeing the same?
 Quoting: MaxMad


Spot is based on paper and a disconnect between it and physical has started.

Locally, when TPTB beat down the physical [rice with their paper the shops claim that they are sold out.

Truth is they are sitting on it because they do not want to take a loss.

When the masses realize that you have to have psychical in your possession to own it then the paper crapola will lose its shinola.
 Quoting: Anonymous Coward 32724170


problem is sheeple will never learn. most of them believe the banks will have shiny silver ready for them if they demand physical
sheeplebah
Anonymous Coward
User ID: 961432
United States
01/21/2013 11:03 AM
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Re: Attn Silvertards-Here is what I am hearing
So I talked to a local coin dealer, here in IL) about the lack of supply he had. He was sold out of all Premium and junk silver. He had maybe 50 or so generics, thats it!!! I asked him what he thought.. He asked me to sell him some silver if I had any. He told me he would pay me 1.50 over spot. I said NO WAY... He said THAT is the problem, he isn't seeing the masses coming in to sell their silver any more...

Are you guys seeing the same?
 Quoting: MaxMad


Spot is based on paper and a disconnect between it and physical has started.

Locally, when TPTB beat down the physical [rice with their paper the shops claim that they are sold out.

Truth is they are sitting on it because they do not want to take a loss.

When the masses realize that you have to have psychical in your possession to own it then the paper crapola will lose its shinola.
 Quoting: Anonymous Coward 32724170


I always thought that selling your silver (or gold) for spot is really, really stupid. Spot prices are based on paper claims first of all, which don't have 100% physical backing, and, the contracts include huge quantities of metal. Not sure of silver (someone correct me) but I think the gold spot price is based on a contract of 5,000 ounces.

Why would you sell your couple ounces of gold for spot that is based on paper transactions of 5,000 ounces per contract?

.





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