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iShares Silver Trust Message Board

  • keeve06 keeve06 Feb 1, 2013 10:33 AM Flag

    WHEN US MINT ran out of Silver in January...

    WHEN US MINT ran out of Silver in January... I was forced to Buy APMEX 10 ounce silver bars, some rolls of 90% silver dimes, some pre 2012 ASEs (there weren't many being offered) and Canadian Silver Maple Leafs. OOPs and some 1/10th ounce gold coins.

    Am sure there were man other Physical Buyers like me who did the same thing.

    Sentiment: Strong Buy

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    • Yes, we could easily see $45 silver this year. There is one important caveat. A serious decline initially sinks all ships, as there will be the need to raise cash from wherever you can get it. Margin calls. This will effect silver as well. After this blip, then silver stages a major bull run. The Fed's ponzi scheme will be revealed for what it is. Watch the Chinese ever so carefully even though they represent only 10% of net Treasury purchases. This market can and will move in the bat of an eye lash.

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