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beauanderos
Penny Collector Member
USA
396 Posts |
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1000+ Penny Miser Member
USA
1617 Posts |
 Posted - 11/03/2009 : 20:18:03
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There seems to be plenty of PM available if you've got the CASH.
90% seems to be readily available at or below spot.
Has anyone had a hard time acquiring PMs lately? |
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Dalsuh
Penny Collector Member
USA
406 Posts |
Posted - 11/03/2009 : 20:27:45
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| Definitely not a shortage in my area. I'm waiting for a pullback. Pm price manipulation doesn't sound so bad to me anymore. |
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jonflyfish
Penny Hoarding Member
USA
551 Posts |
Posted - 11/03/2009 : 20:47:04
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| The supply is readily shrinking. Yes you can find it. What you won't find available is the supply quantity that used to exist(excess inventory) behind what was displayed. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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barrytrot
Penny Collector Member
USA
410 Posts |
Posted - 11/03/2009 : 23:21:20
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Shortage? There are 1,000 auctions for silver every day on eBay.
Would "excess inventory" be 2,000 auctions? |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 06:10:34
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| From a longer term perspective, I've been acquiring PM's since April 2003. When I first started there might have been fifteen to twenty sellers who would be listing $1000 face bags of junk silver. Then it dropped to $500. Now we're lucky to see $100, but it's mostly $50. Yes, Barry, there are thousands of sellers on ebay for small lots of silver, but how far will that stretch when the lemmings awake and millions want to buy? |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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beauanderos
Penny Collector Member
USA
396 Posts |
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jonflyfish
Penny Hoarding Member
USA
551 Posts |
Posted - 11/04/2009 : 06:26:16
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There is no shortage (yet), just a major shift in excess reserves. You can even see the shift on this forum.
Silver offerings are not the same as they were in the not too distant past.
Due to the current supply slope, it won't take much shift in demand to cause a "shortage"- esp in such a relatively small market. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 11/04/2009 : 07:30:59
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| I'm not sure where the shortage claims are coming from. But everyone I know doesn't think there's a shortage. Perhaps some dealers are moving their PM's faster than they can resupply, but with internet sites you can certainly find a dealer / auction 24/7 anywhere in the USA. The only question is are you getting a good deal or not. |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 07:56:27
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You guys make some good points about availability.  I think what we may see occur is that, even though the price rise perhaps doesn't justify it, you might start seeing larger premiums on junk. This will tell you the dealers are having supply problems. Either way we're going to start paying more for silver. |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 07:59:42
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But just wait til Jon's dream comes true ($20 silver  ) you can bet your bottom dollar that silver will be harder to find at that point  , even though higher prices will bring out some seller's who don't realize the value of what they're trading for worthless  FRN's. |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
Edited by - beauanderos on 11/04/2009 08:00:16 |
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barrytrot
Penny Collector Member
USA
410 Posts |
Posted - 11/04/2009 : 08:11:26
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quote:
Originally posted by beauanderos
From a longer term perspective, I've been acquiring PM's since April 2003. When I first started there might have been fifteen to twenty sellers who would be listing $1000 face bags of junk silver. Then it dropped to $500. Now we're lucky to see $100, but it's mostly $50. Yes, Barry, there are thousands of sellers on ebay for small lots of silver, but how far will that stretch when the lemmings awake and millions want to buy?
If you need 1k bags, check out any issue of Coin World for no less than 5 adds, APMEX, BullionDirect, several other venues.
With the Internet until the last bag is gone everywhere there is no shortage :)
And that won't happen any time soon :) |
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barrytrot
Penny Collector Member
USA
410 Posts |
Posted - 11/04/2009 : 08:15:22
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quote:
Originally posted by beauanderos
You guys make some good points about availability. I think what we may see occur is that, even though the price rise perhaps doesn't justify it, you might start seeing larger premiums on junk. This will tell you the dealers are having supply problems. Either way we're going to start paying more for silver.
quote:
Originally posted by beauanderos
But just wait til Jon's dream comes true ($20 silver ) you can bet your bottom dollar that silver will be harder to find at that point , even though higher prices will bring out some seller's who don't realize the value of what they're trading for worthless FRN's.
Actually right now the premiums on junk are NEGATIVE all over the place so apparently dealers have a SURPLUS! Check the Internet and you will see silver being offered non stop in pretty decent quantities. (There is a $4,000 face bag on ebay right now!)
And, I will take that bet on the $20 silver making silver harder to obtain. I will give you 10 to 1 odds that there is no shortage EVER during the period of $20 to $22 per ounce. |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 08:15:56
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| You guys are missing the point. There is a vast difference between availability (may or may not be much surplus) and a "shortage." |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 08:17:31
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| Kitco is a good means of monitoring supply. Go to their junk silver page and see how many products they have in stock. They claim to ship rapidly, but I had to wait three and a half weeks in early August. Why was that? |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 08:18:40
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In March 2008 when silver spiked last time there were days when Kitco had less than $200 of any kind of silver available for purchase. That bottleneck will develop again. Wouldn't you rather pick up your extra silver when there is little awareness  , as opposed to a piranha-like  feeding frenzy? |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 09:54:10
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quote:
Originally posted by barrytrot
If you need 1k bags, check out any issue of Coin World for no less than 5 adds, APMEX, BullionDirect, several other venues.
With the Internet until the last bag is gone everywhere there is no shortage :)
And that won't happen any time soon :)
"What we have here, is a failure to communicate." from Cool Hand Luke.
Ok, let me restate myself. Perhaps, at the present time, you would be correct in saying there is no shortage of silver. But, there is developing a shortage of sellers of silver at these prices. More and more individuals are waiting and watching for higher prices before they decide to part with their precious silver. And it is, indeed, precious (too bad it was a gold ring in Lord of the Rings!)  |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
Edited by - beauanderos on 11/04/2009 09:55:24 |
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barrytrot
Penny Collector Member
USA
410 Posts |
Posted - 11/04/2009 : 10:30:39
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quote:
Originally posted by beauanderos
quote:
Originally posted by barrytrot
If you need 1k bags, check out any issue of Coin World for no less than 5 adds, APMEX, BullionDirect, several other venues.
With the Internet until the last bag is gone everywhere there is no shortage :)
And that won't happen any time soon :)
"What we have here, is a failure to communicate." from Cool Hand Luke.
Ok, let me restate myself. Perhaps, at the present time, you would be correct in saying there is no shortage of silver. But, there is developing a shortage of sellers of silver at these prices. More and more individuals are waiting and watching for higher prices before they decide to part with their precious silver. And it is, indeed, precious (too bad it was a gold ring in Lord of the Rings!)
How many sellers do you need when there are 10+ offering below spot all the time? :) And quite a bit available!
Anyway, I get your point that there are those dropping out of the selling game. Although I would have to assume that higher prices bring out some "profit seekers" as well. |
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jonflyfish
Penny Hoarding Member
USA
551 Posts |
Posted - 11/04/2009 : 11:57:06
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Ahh life is great. We'll be living the dream soon enough.
The fact that someone has a bag for sale today here or there hardly means much.
Smart money has been moving with great fervor in the last months to take excess supply off the market for an extended period of time.
Supply and demand for PM physical delivery will have a whole new meaning soon enough.
FOMC, Treasury, White house will all do their part. I have patience.
Cheers! |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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barrytrot
Penny Collector Member
USA
410 Posts |
Posted - 11/04/2009 : 12:56:53
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quote:
Originally posted by jonflyfish
Ahh life is great. We'll be living the dream soon enough.
The fact that someone has a bag for sale today here or there hardly means much.
Smart money has been moving with great fervor in the last months to take excess supply off the market for an extended period of time.
Supply and demand for PM physical delivery will have a whole new meaning soon enough.
FOMC, Treasury, White house will all do their part. I have patience.
Cheers!
You could be right. "real players" buying $100,000+ worth of bullion at a time may be finding the playing field dwindle. For "regular guys" though there is a lot out there still :) |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 13:32:44
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quote:
Originally posted by barrytrot
quote:
Originally posted by jonflyfish
You could be right. "real players" buying [B] $100,000+ worth of bullion at a time [B] may be finding the playing field dwindle. For "regular guys" though there is a lot out there still :)
Guess that makes me a regular guy, I'm lucky if I can trickle in $1000 every couple months.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 13:37:36
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quote:
Originally posted by barrytrot
[quote]
And, I will take that bet on the $20 silver making silver harder to obtain. I will give you 10 to 1 odds that there is no shortage EVER during the period of $20 to $22 per ounce.
Barry - it would be interesting to place a small wager on silver becoming scarce during a spike to $20 to $22... but how would we ever determine that? Delivery delays?  |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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barrytrot
Penny Collector Member
USA
410 Posts |
Posted - 11/04/2009 : 13:58:30
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quote:
Originally posted by beauanderos
quote:
Originally posted by barrytrot
[quote]
And, I will take that bet on the $20 silver making silver harder to obtain. I will give you 10 to 1 odds that there is no shortage EVER during the period of $20 to $22 per ounce.
Barry - it would be interesting to place a small wager on silver becoming scarce during a spike to $20 to $22... but how would we ever determine that? Delivery delays?
I will say that during that entire period I am ALWAYS able to buy at least $1,000 face value any time and get reasonable delivery. "Delivery delays": We will say that any company that says "back order" will be eliminated from my check of "where can I buy".
In fact I will be so bold as to state that I will be able to find at least $5,000 face ANY TIME available. All internet sources combined of course. |
Edited by - barrytrot on 11/04/2009 14:01:04 |
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Lemon Thrower
Penny Hoarding Member
USA
912 Posts |
Posted - 11/04/2009 : 16:34:27
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quote:
Originally posted by barrytrot
quote:
Originally posted by beauanderos
quote:
Originally posted by barrytrot
[quote]
And, I will take that bet on the $20 silver making silver harder to obtain. I will give you 10 to 1 odds that there is no shortage EVER during the period of $20 to $22 per ounce.
Barry - it would be interesting to place a small wager on silver becoming scarce during a spike to $20 to $22... but how would we ever determine that? Delivery delays?
I will say that during that entire period I am ALWAYS able to buy at least $1,000 face value any time and get reasonable delivery. "Delivery delays": We will say that any company that says "back order" will be eliminated from my check of "where can I buy".
In fact I will be so bold as to state that I will be able to find at least $5,000 face ANY TIME available. All internet sources combined of course.
i placed orders with Northwest Territorial Mint and Monex during that time and had to threaten legal action to get my metal. |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 16:52:33
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This is rich  We've gone from my feeling that junk silver is developing a shortage to my conviction that we could expect delivery delays in the event of a spike - which you choose to interpret as "If I can find $5000 worth of junk silver for sale in the entire world (off the internet) then silver is not in a shortage (dude, that would be more indicative of vanished then you win the bet! |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
Edited by - beauanderos on 11/05/2009 06:05:09 |
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jonflyfish
Penny Hoarding Member
USA
551 Posts |
Posted - 11/04/2009 : 21:15:58
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I had a dream that the general public woke up one day and decided that they would (in a panic) go to ebay and go to the local dealer and buy what they could.
In that same dream I imagined that everyone in the world on average would want to own 1 single ounce of gold and 1 ounce of silver, which triggered a typical conversation on the CME Group's Nymex/Comex "...Tony, why don't you take Rocco and the boys over to the vaults to collect on them bars they owe us and don't come back empty handed or you'll end up like Big Ed..." |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Topic |
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Buy Bullion Coins Now
Posted - 11/03/2009 : 18:23:25
