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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
 Posted - 10/01/2008 : 19:29:57
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Gold and silver dealer reports an ‘unprecedented’ shortage of metals
Sunday, September 28, 2008
By David Clerkin,
Markets Correspondent
A surge for demand in gold and silver has resulted in an unprecedented shortage of the metals for retail investors in recent days, according to Gold and Silver Investments, a Dublin-based firm that allows retail investors to speculate on movements in the value of precious metals.
Gold and Silver Investments director Mark O’Byrne said the supply of gold and silver available for small retail investors suffered a dramatic deterioration within hours on Friday, as wholesalers reported that government mints and refiners, the primary suppliers of the metals, had stopped offering new supplies.
‘‘It’s absolutely unprecedented,” said O’Byrne, who said the shortages were likely to drive up the costs of gold and silver in the secondary market.
‘‘This did not happen even in the 1930s and the 1970s, and will result in markedly higher prices in the coming months.”
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 10/01/2008 : 19:33:06
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| And what have prices been doing....... going down despite tight supply and high demand. The free market is not working. |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 10/01/2008 : 21:33:15
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quote:
Originally posted by Tourney64
And what have prices been doing....... going down despite tight supply and high demand. The free market is not working.
What "free market", we're all slaves, get used to it. You live only to enrich the oligarchy.
God almighty, how low have we sunk?
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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DesertTumbleweed402
Penny Pincher Member
USA
196 Posts |
Posted - 10/01/2008 : 21:53:55
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| I believe the market is being manipulated. |
I enjoy taking long walks off short piers. |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 10/02/2008 : 15:19:24
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| Just be happy, and buy more for your kids/grandkids! |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 10/02/2008 : 15:53:54
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| yep no matter how short we get on PMs the price keeps dropping and at those spot prices i am discouraged to buy |
Inquiring minds want to know |
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