For those who deny silver shortages, read this article. I want to make a few points clearer:
- there is an organized attempt to cover up shortages, notice how difficult it is for a major dealer himself to get a straight answer for the reason of shortages, he has to dig and come up with the most possible reason, all the refineries and manufacturers cannot have processing problems at the same time , the only reason common to all has to be lack of silver. Why so many online dealers show no 100-oz bars in stock or long delays? Mysteriously, some like Apmex show them in stock but some report the bars are not actually shipped when ordered and have to wait! Clearly, many people in the business have been told to shut up and keep quiet.
- there is little buying of 100 toz bars among the general public, so why are the shortages? esp. when their premiums jumped up as soon as the silver went down. Clearly, some big money is taking silver off the market, and 100 toz bars are the early signs of big shortages to come
With a billion more people than the US, China will drain the worlds silver supply in no time.
Gold Bar Premiums At 17-Year High In Hong Kong
"...People's Bank of China adviser Xia Bin told the Economic Information Daily today that China should steadily increase its holdings of gold, silver and other precious metals. In an interview with the paper Xia said that “holdings of gold and silver can help establish the yuan as an international currency by increasing China's "final payment capacity." He advised buying precious metals on the dips and while gold and silver are marginally lower today, the remarks are another long term positive for the gold market..."
"...The reference to silver was important as it marks the first time in modern times that a central bank advisor or official has spoken about diversifying currency reserves into silver. It shows how the Chinese view silver as money rather than as simply a commodity to be consumed. Indeed, the Chinese like most of the world, used silver as currency for most of their history.
The comments may signal the start of a growing shift from seeing silver purely as an industrial commodity to seeing silver more like gold – as both an industrial commodity but more importantly as a store of value and as money. As Milton Friedman pointed out, the major monetary metal throughout history was silver, rather than gold..."
At APMEX you can load up on 100 oz bars until the wheels fall off on the wheelbarrow. So where is this shortage you are talking about??? JM bars are available all over the place. The premium has gone up a bit, from $.80 to $1.10, but that is hardly indicative of a major supply issue.
I decided to buy an RCM bar on the dip here and I've been told now that I might not see it for several months. I guess the supplier I ordered them from is waiting for one to come in on a sale. Who knows? The story that I am getting is that the Royal Canadian Mint has stopped producing 100 oz. RCM bars. I wonder why? I have yet to call the Royal Canadian Mint to verify this and see what they tell me tomorrow:
I have been hesitant on ordering because I cannot get a straight answer as to whether the bullion is completely in stock. I usually ask, "....now I want to know if I'm going to wire you my money tomorrow and receive my shipment within a week?...". They cannot guarantee and are becoming closed mouthed about it.
Things are getting weird and even with the people that I normally do business I am becoming increasingly concerned.
I have a few orders recently that are dragging a bit too long. I'm actually pulling back on buying a bit because of this.
Very shifty stuff going on!
I ordered 100 oz bar 3 weeks ago and still haven't received my order. they have a cheaper price then when I purchased my order and called them to see if they lower my invoice since I haven't received my order. they said I can't do that. wtf. I want my fiat or my bar.
clearly :) Must be, trust me :)
What I clearly see, if you are posting opinions offered by those who fiat money is made selling pm as investments.
Opinions are OK, but you are not being transparent and post them like facts...that is disengenious imo.
Most people only think of silver as an investment like gold, but silver actually has many industrial usages. I am not surprised about the shortage at all. As China becomes the largest manufacture base for electronics, its silver usage is increasing dramatically. And Chinese do not like to do things openly, so I am also not surprised that the silver orders are going through the roof, but the silver bar manufactures were told to keep their mouths thightly shut.
why did you imply those points came from the article ??
"Most possible"...that means it is an opinion, based on my reading anyway.
If they are out of 100 oz chocolate bars...do you assume chocolate is rare and in short supply...yikes, it is !
We should base our currency on the Chocolate Standard...what a tasty solution that would be