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Silver Scarcity

Submitted by Monetary Metals on 04/21/2013 11:59 -0400

After my last article, What Is Pushing Down the Price of Gold?, I got a lot of feedback from readers that many coin shops are reluctant to sell or have stopped selling gold and especially silver. The explanation is counterintuitive, as I discuss in this video.

http://youtu.be/0JVfOOajIVQ

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Sun, 04/21/2013 - 13:21 | 3480565 TheFulishBastid

Went to buy silver this week. At least 5dollars over spot (1oz rounds) anywhere I went!

Sun, 04/21/2013 - 15:25 | 3480961 TheFulishBastid

lol, red thumb monkeys!

Sun, 04/21/2013 - 14:18 | 3480774 stacking12321

well, dont buy 1oz rounds then.

i'm loading up on 1 kg (32.15 oz coins) silver koalas at apmex

$1.59 per oz over spot, special going on now, best silver deal i can currently find.

Sun, 04/21/2013 - 16:00 | 3481075 ebworthen

I could be wrong, but these appear to be below spot:

http://www.apmex.com/Product/71398/2013_1_Kilo_Silver_Koala.aspx

1 Kilo 999 silver for $801.18 each.

If 1 Kilo = 35.27 ounces that means 35.27 X $23.33/ounce = $822 per coin at spot.

So...$801 each is a steal, unless I missed something.

Tue, 04/23/2013 - 12:43 | 3488699 stacking12321

1kg is 32.15 troy ounces, not 35.27

you are probably thinking avoirdupois ounces.

Sun, 04/21/2013 - 12:40 | 3480406 williambanzai7

Walked past three metal shops in Hong Kong. First time I have e er seen them all full.

Sun, 04/21/2013 - 15:11 | 3480921 Pseudo Anonym

tire kickers

three metal shops in Hong Kong. First time I have e er seen them all full.

inform us as to what they were buying and what volume

Sun, 04/21/2013 - 20:29 | 3481861 MilleniumJane

Really!?!!! Could you do that?!?! In my experience, silver dealers keep how business is doing pretty close to their chests. They ain't tellin'!

Sun, 04/21/2013 - 14:45 | 3480860 XOFnews

WB - full of people, or full of PM?

Sun, 04/21/2013 - 14:05 | 3480726 markettime

I put in 2 orders from my usual bullion dealers. They put my name on a list and said 8-10 weeks and I bought 10 oz bars for $2 above spot and eagles for 5$ above spot. That was last friday, I have heard things changed last monday.

Sun, 04/21/2013 - 12:26 | 3480353 JOYFUL

Good - no article to have to plow thru, in another funhouse ride through Keiths spooky reasoning and bizarre wax dummy replicas of homo econonomicus;

But the video looks scary. Is that Fred Gwynne\Hermann Munster? Probably better if it doesn't play!

Sun, 04/21/2013 - 12:22 | 3480344 WillyGroper

I cannot get this video to play nor one by Sprott.

Anyone else?

Sun, 04/21/2013 - 13:39 | 3480630 Spectre

Your lucky. In my view it's 6:38 minutes i'll never get back.

Sun, 04/21/2013 - 15:44 | 3481022 dogbreath

Am I mistaken or is Wiener really high on Coke.

Sun, 04/21/2013 - 16:14 | 3481095 Manthong

Mr. a posteriori.. synthetic argument boob..

head in posterior

at least I wasted less than three minutes before flushing this dweeb.

Silver Scarcity

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