I will say that I tripled my position in physical in the past 6 months. This is the reason I need another safe. 3 years ago I moved 1/4 ton 700 miles to my new home which was quite a task, plus all my gold. Being an ultra paranoid, this was not a fun trip for me. So no, I am not there yet either. Hope I never have to move again. And that is all I have to say about that. Cheers......
I don't think there is as big a shortage for bars as everyone thinks. Coins are different as they can't manufacture fast enough. Demand from stackers and newbies is no doubt higher than ever in history. If I gave a guess if demand stays like this, India, US and China keeps buying and price stays down,3-9 months and a true shortage starts .When the bar premium jumps at Apmex then I feel we will be close to a true shortage that will have cause price to rise.My guess bust $50 for a new high. Fall back below $50 and then straight up until the only shorts left in the world will be China and Mystic. By the way the reason Apmex always has stock is they are wholesaler. When their bars start disappearing is when I will buy bulk instead of monthly.
Even if the new mines did get up and running could still be a major problem... Why ? Because more and more stackers are entering the building... This is some serious stuff we are talking about... Then numbers just don't lie... Stackers numbers aren't even close to being a half a million people... To think whats going to happen when even a few BIG SHOTS Enter the market.... I mean they really aren't thinking to well when you look at the numbers... not even 1 billion ounces per year ... Thats all used up mostly for industrial... Doesn't leave all that much left for investors... To think what few fiat dollars it takes to take out all the supply is baffling to me why anyone would think of shorting this market....
Yea I been trading mine for silver as well!
They can have mine when I need something I just don't know what yet?
A ranch is what I been thinking about though!
A few hundred acres might do the trick!
Silver and gold for a ranch:)
With plenty to pay for all the help to make it how I want it:)lmao
I could do that now but I plan on waiting until land is cheap from no work and bankruptcy and gold and silver is the new money!
I bet I pay 1/3 of what I would now:)We are thinking a bit the same!
I will have over 100 more ounces this coming summer anyhow so gold is not a big deal for me to buy at present:)gl
Not very long. If they manage to knock the paper price down, don't be surprised to see 50-100% premiums for the premium coins. I suspect they will pull a "Managed retreat" but then again Silver is a Giffen good, so they basically over cooked the goose with both Gold and Silver. We shall see........
Libertads are hard to find as the Mexican mint has shut down production for the rest of the year. I know people down there are telling me you can't even get them at the bank. Good thing I have Thousands of them. Thousands of ASEs as well and 10s of thousands of Rancid Junk Semi Numistmatic Silver coins that won't see the light of day again until the new financial system is developed. Have some maples and bars as well. Most of my money is in Gold though, and I will continue to trade for cheap silver. Cheers buddy.....
Most of 2015 bullions are unavailable or available with extreme premium. 2016 coins, for 1st quarter 2016, have mostly been sold out.
How long silver price manipulators sustain these give-away prices before they are depleting their anemically low levels of inventories?
Yes but 30% in Australia and Canada and ten sout America ans Latin America all are having huge production shotfalls!
11 million from Ausi and Canada alone then there is Mexico which for the last 4months running has ben in the 10-15% range!
So for a full year we are looking at 22million minimum from Ausi and Canada and about 20-30 million at least from the rest of the world and then comes next year oh next year will be so much better:)
Did you see all the back and forth of the banks and available and how they switched back and forth all month long to cover each other?
If they had plenty there wouldn't be no need to transfer from one to the other:)
LMAO the shell game and soon all the shells will be turned upside down and reveal that there is nothing there but paper promises:)
Then what?The game is going to go down and it isn't going to be good!
It took 50$ in 2011 to get enough people to sell to get a supply built up but this time around it is going to take much more as there are no Cannington's out there to draw from:)
Big mines are depleted and it will take over 5 years to get the new ones up and running:)
It don't happen over night and these idiots don't have a clue!
Paper silver will be traded back and forth between 16-50 but the real deal silver will be tucked away until they are willing to pay for it and 50$ isn't paying for it:)
Due to Russia's deadly accurate bombings, ISIS/ISIL are running out of Syria finding their ways back to Euro. Right now, they are stuck in Turkey and Iraq looking for ways to their original places. These terrorists will be Europa's paybacks to their leaders (Merkel, Hameron, Hollande) backing of these ISIS/ISIL terrorists. Putin's repeated warning of blowback had fallen into deaf ears. Europeans will be wishing they had listened to Putin's warning.
By the way, Putin's deadly accurate bombings have wiped out much of Pentagon's money poured into Syria's ISIL/ISIS. Putin the Grand-Chess Master has, again, checkmated the Incompetent-In-Cheap-Tan-Suits.
AHHH, You see Common... This proves my point about That Article with Ted Butler when he says JPM Is the big buyer... NOPE... It is we small guys... Mom and pops ... Our numbers are starting to add up... And as the years go on we small fish become as big as a big fish in a very tiny pond... Especially if the price is so tiny....
1 billion ounces isn't much to take out if you consider the amount of people and the pricing.... In the end I believe things will change and we retail won't even be allowed to purchase silver... Laws will change prohibiting us to buy any and they will just screw over the small guys... Not sure what will happen to the pricing of silver and gold but will have to wait and find out as time passes... But I am sure those who are in control will find a way to skew us over and protect themselves as they always seem to do... Just look at MF Global....
Or We could see a MASSIVE COLLAPSE and see Silver and gold being re valued as to the only few things that have REAL VALUE It the first place....
In the event of a Bank "Holiday" Silver will open north of $100- once the banks reopen and the Dollar is devalued overnight. They may shut the Stock market for 6 months just like they did in 1914. This is just one more reason you need Physical in your possession NOW, before it happens. And just like a bolt of lightening striking instantly without warning, so to do Bank Holidays. And of course 99% of the population has not a clue what I just said. We are so doomed.
The Comex is almost out of physical silver stocks. When you try to take delivery of physical bars, they declare "force majeure" and settle in paper cash instead. Silver is being rationed!