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Is A Physical Silver Shortage Spike Imminent?

Tyler Durden's picture





 

That imbalances in the supply and demand of precious metals, particularly silver, could lead to a shortage of physical product in the future should not come as a surprise to many - it is a topic covered extensively here in the past. Nonetheless, as a useful reminder of the big picture in the silver market, Future Money Trends has released another update video, reminding viewers that if traded purely on fundamentals, there is a high likelihood of increases in the price of silver, and other precious metals. As the authors put it, " There simply isn't enough physical silver to deal with the demand of a fiat currency crisis. As the paper silver market pushes prices down, all hell will break loose in the physical market." While that conclusion may or may not be applicable just yet, when coupled with recent revelations of potential double counting of precious metals at the warehouse level (see HSBC-MF Global story), the situation will certainly get only more exacerbated. Furthermore, should silver miners take Eric Sprott's advice to heart and decide to convert some or all of their product into physical, the market will suddenly recall that in addition to liquidity, prices are also determined by something called fundamentals. And fundamentals, especially in combination with a market risk spike, confirm a price jump may be imminent.

 


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Sun, 12/11/2011 - 17:10 | Link to Comment Ahmeexnal
Ahmeexnal's picture

3>  I paid all them lapdances with silver coins.

Sun, 12/11/2011 - 15:52 | Link to Comment MrBinkeyWhat
MrBinkeyWhat's picture

There is another metal play if you can't do silver. US nickles BitcheZ! Kyle Bass in not just some dumb ass who had 20M nickles delivered.

There are still some pre-1965 US dimes out there, at face value. The quarters and 50C are pretty much gone. (Pre 1965 US coins are 90% silver - junk silver per the dealers.)

Estate Auctions: coin collections. You might consider it if you are on a limited budget. Not everybody knows what silver coins are currently worth.

Festivus for the rest of us!

Sun, 12/11/2011 - 17:28 | Link to Comment americanspirit
americanspirit's picture

I have picked up a shitload of sterling at garage sales over the past ten years, but in the past year or so there have increasingly been others doing the same thing. I live in a relatively small city so we all know each other. Thing is that on any given Friday there will be a couple of dozen garage sales ( not estate sales - I stay away from them because the folks who run them are ALL totally aware of bullion value). This friday I picked up a nice 18k gold chain weighing @ 1.2 oz for $5 at a garage sale in front of a trailer. Guess nobody knew how to use a loupe to check for the mark. So there are still real bargains out there - but the easy pickins are getting more scarce. Carry a loupe and try to use it discreetly.

Sun, 12/11/2011 - 22:43 | Link to Comment rickadoh
rickadoh's picture

seriously, $5.00 for 1.2 oz of gold? you ripped the seller off man, go talk to a priest or something.........

Sun, 12/11/2011 - 15:58 | Link to Comment Georgesblog
Georgesblog's picture

Because silver has such a wide variety of uses, production has never outpaced demand.  There is demand for everything the silver mines can turn out and the price will still go up. The fiat exchange rate will always be over-matched by real things, especially precious metals. Don't believe me? Watch how many banks fail and currencies devalue, in 2012. Gold and silver are money. Paper is not money.

http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/

Sun, 12/11/2011 - 16:29 | Link to Comment Piranhanoia
Piranhanoia's picture

Please stop shouting.

Sun, 12/11/2011 - 17:17 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Your shouting hurts my eyes.

Sun, 12/11/2011 - 17:39 | Link to Comment tmosley
tmosley's picture

Bold hurts your eyes?  It's easier to read than regular font.

Shouting is ALL CAPS, not use of bold.

Sun, 12/11/2011 - 18:28 | Link to Comment akak
akak's picture

Bold is beautiful, baby!

Sun, 12/11/2011 - 19:19 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Old fart too, huh? Seems I can't deliver an ironic joke too well. Back to my day job.

Sigh.

 

Sun, 12/11/2011 - 16:04 | Link to Comment Anarchyteez
Anarchyteez's picture

So so simple.

Sun, 12/11/2011 - 16:04 | Link to Comment kumquatsunite
kumquatsunite's picture

Funny, but everything in the financial markets indicates the silver and gold drop like rocks next year. In relatively a few months, silver did ten years worth of rising. As to gold, what a joke, you really think a handful of metal is worth what they say it is? By all accounts a small handful of gold is now worth what? Forty thousand dollars. Hardly.

Next year, it hits the skids big time. Plus, Peru and many other South American countries are ramping up their mines, building new ones...ah yes, price pressure brings new players in and then, da da da duh...what do they call that...oh year, oversupply, and then prices drop again. Monies been made, boys, get out while you can.

Sun, 12/11/2011 - 17:41 | Link to Comment tmosley
tmosley's picture

You're saying a few strips of paper are worth the same as an ounce of gold?  Ludicrous.

Sun, 12/11/2011 - 18:33 | Link to Comment akak
akak's picture

Ah, it's good ol' Cumsquatuntied, here to troll against the PMs in his or her own inimically inane way!

Funny, everything I see in the financial markets indicates the imminent failure of the whole rotten worldwide central-banking-captured financial and monetary systems --- guess you're just not looking hard enough.

Sun, 12/11/2011 - 19:40 | Link to Comment Matt
Matt's picture

Is your money where your mouth is? What are your current positions regarding gold and silver? Or are you just playing make-believe?

Right now, I'm 100% physical, allocation of about 5% gold and 5% silver out of total assets.

Sun, 12/11/2011 - 16:08 | Link to Comment bob_dabolina
bob_dabolina's picture

The supply/demand crisis we have today is that of oil. 

The world population is growing exponentially. From 1950 to this year the world added roughly 5 billion people. Peak oil has been reached and most studies confirm this. Gasoline that comes from oil is not renewable, once it's gone, it's gone forever.

Sun, 12/11/2011 - 16:14 | Link to Comment AC_Doctor
AC_Doctor's picture

Your right bobo_dabo!  When those extra 5 billion inhabitants of Planet Earth learn that their paper money is worth the going price of paper and jump into the gold and silver markets, the price for gold could easily reach $50,000 per oz. and silver $5000 per oz.  Hell, just figure out what the big banks are going to have to deal with as soon as more than 1% of gold investors ask for physical delivery of their metals.  That's when the musical chairs really thin out quickly. 

Sun, 12/11/2011 - 19:45 | Link to Comment Matt
Matt's picture

world population GREW exponentially. I think we're pretty close to peaking on that too; I seriously doubt the population will double one more time.

The Peak is the top, not the bottom; passing peak production means a decline in oil production, not running out. It just means it gets more and more expensive.

Sun, 12/11/2011 - 16:08 | Link to Comment DMA
DMA's picture

Very nice video. 

Thank you !

Sun, 12/11/2011 - 16:09 | Link to Comment danielvisionvic...
danielvisionvictory@yahoo.com's picture

Thanks Tyler

 

We put a lot of work into our research and videos, HUGE honor to be posted on ZeroHedge.com

 

 

Sun, 12/11/2011 - 16:14 | Link to Comment DollarDive
DollarDive's picture

Here's a question : 

 

Let's assume that there's multiple claims on silver and gold holdings.  Is it conceivable that gold or silver purchased in the open market could have a claim on it....already ? 

If this is the case and you use, say a credit card to make payment, couldn't the government at some point lay claim to your purchases and confiscate it ? 

 

I was thinking about this.... any thought ? 

Sun, 12/11/2011 - 19:51 | Link to Comment bob_dabolina
bob_dabolina's picture

Obama can now imprison you indefinately without a trial. 

The government operates outside of the purview of the Constitution and thus circumvents the law. 

Bottom line, the government is going to do whatever the fuck it wants to. Thomas Jefferson referred to this condition as tyranny.

Sun, 12/11/2011 - 18:04 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

DollarDive asked:

couldn't the government at some point lay claim to your purchases and confiscate it ? 

I was thinking about this.... any thought ?

Let them try. They have no idea what they'd be going up against.

 

Sun, 12/11/2011 - 16:14 | Link to Comment Stuck on Zero
Stuck on Zero's picture

You guys can chase your silly Silver.  The real money is in Gold Pressed Latinum!

Sun, 12/11/2011 - 18:14 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

The Federation doesn't use money anymore but the Ferengi do. The Ferengi make deals with other races and so one can conjecture that those races also transact business with some medium of exchange. So how does the chrematophobic Federation interact economically with these other races? Does Picard just use his replicators to create items for barter or loan out Wesley Crusher for a weekend or what?

Sun, 12/11/2011 - 20:42 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Good old fashioned barter.  The Federation will trade rebuilt phase modulators for dilithium crystals any day.

Sun, 12/11/2011 - 20:51 | Link to Comment akak
akak's picture

Orion slave girls work well, too.

Sun, 12/11/2011 - 16:17 | Link to Comment Hannibal
Hannibal's picture

I am not mainstream, so I just keep on stacking them.

Sun, 12/11/2011 - 16:28 | Link to Comment DutchR
DutchR's picture

Silver, who cares....

 

I only want to know if the world population is growing and what standard of living they think they are entitled to....

 

In 20 years.

 

 

*buy the shiny stuff

Sun, 12/11/2011 - 16:27 | Link to Comment imsaul0968
imsaul0968's picture

I own gold and silver like everyone but what I'm fascinated by is peoples disinterest in talking about 2 other metals that are much more precious and who have horrible production numbers which should lead to much better performance when pm's go bonkers: platinum and rhodium, start accumulating these while the world focuses on the gold/silver debate. If silver doubles, platinum will triple and rhodium, well, look at the last 10 yr chart, those drop of a cliff declines usually are 70% retraced=@6000/oz

Sun, 12/11/2011 - 16:32 | Link to Comment Piranhanoia
Piranhanoia's picture

Use of said metals for production,  and historical relation to a store of value or currency.  Not known as money for thousands of years.

Sun, 12/11/2011 - 17:14 | Link to Comment Ahmeexnal
Ahmeexnal's picture

There's better metals to keep an eye on than Pd and Rh.

My personal favorite: NIOBIUM.

Sun, 12/11/2011 - 18:40 | Link to Comment The Shootist
The Shootist's picture

I prefer mithril. Precious, yet sturdy.

Sun, 12/11/2011 - 18:40 | Link to Comment akak
akak's picture

Yes, but niobium, like indium and gallium, and essentially rhodium as well, have zero established market infrastructure for trading the physical metals, much less a very transparent or established pricing mechanism.

Sun, 12/11/2011 - 18:57 | Link to Comment XitSam
XitSam's picture

Unobtainium, bitchez!

Sun, 12/11/2011 - 18:04 | Link to Comment fuu
fuu's picture

At least you stoped phishing for business.

Sun, 12/11/2011 - 16:27 | Link to Comment johny2
johny2's picture

Only thing that I would say is that it is a great time to exchange gold for the silver.

Sun, 12/11/2011 - 16:28 | Link to Comment DMA
DMA's picture

Can you guys tell me. What price has phisical silver in US ? 

Let's say  for 1 oz. and for 35 oz 

 

Thank you 

Sun, 12/11/2011 - 16:34 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

$32.23 an oz. Where you buy shouldn't matter, at least in spot price. You can calculate from there...

Sun, 12/11/2011 - 16:36 | Link to Comment DMA
DMA's picture

I can only buy at a very high price phisical. 

Sun, 12/11/2011 - 16:41 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

OK. I'm curious enough, what price would that be? You should be paying no more than 35/oz USD.

Sun, 12/11/2011 - 17:14 | Link to Comment DMA
DMA's picture

over 40 for 1 oz. ....

Sun, 12/11/2011 - 17:19 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

So find another place to buy.

Sun, 12/11/2011 - 17:54 | Link to Comment achmachat
achmachat's picture

in western Europe (the "good" countries where tax on silver is just 7%, for example Germany) maple leaves cost, at this very moment 28 € each, if you get them from the cheaper online stores.

 

that's 37,5 USD. You'll have to add shipping to it, but inside europe shipping is just 18 € at most places.

Sun, 12/11/2011 - 23:39 | Link to Comment DMA
DMA's picture

Thank you. I'm from Eastern Europe so Germany might be a good ideea. 

Can you tell me an online web site that i can trust in Germany. thanks again 

Mon, 12/12/2011 - 05:46 | Link to Comment achmachat
achmachat's picture

here's three places I have bought from. They ship normally in a week's time:

http://www.chiemgauer-edelmetallhandel.de

http://www.geiger-edelmetalle.de/

http://euro-muenzversand.de/

happy shopping!

Mon, 12/12/2011 - 01:07 | Link to Comment s2man
s2man's picture

Every time this topic comes up, I feel very fortunate.  My coin dealer rounds up to "about a dollar over spot".  So my cost ranges from 1.5 to 5% over spot. No taxes on the "currency exchange" for FRNs to silver U.S. coins.

I should shut up.  Pelosi will read this and say I am stealing her money.

Sun, 12/11/2011 - 16:30 | Link to Comment mogul rider
mogul rider's picture

Jesus H Christ when does the pumping end?

 

Give it up - go buy some anywhere at any time in any location.

Where do these fucking nutbars come from? Hypothecators anonymous.

PUMPERRRRRRRRRRRRRRR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Sun, 12/11/2011 - 16:52 | Link to Comment HamyWanger
HamyWanger's picture

Yup. Pump, slaughter, reap.

The silver slaughterhouse scheme is intact and it amazes me that so many newbies still fall for it. 

 

Sun, 12/11/2011 - 19:09 | Link to Comment akak
akak's picture

Your shtick was old when the real HarryWanger was still around.

Sun, 12/11/2011 - 16:37 | Link to Comment mogul rider
mogul rider's picture

You'd think it was at 49.10 where I sold it. You are 6 months too early deuchebag

 

Let me guess - sign up at your website for the secret to silver wealth.

And the stupids line up for the slaughter.

 

You'd think after getting your head handed to you from 49 to 27 you'd give up trying to get whacked

christ the idiots are everywhere

Mon, 12/12/2011 - 01:11 | Link to Comment s2man
s2man's picture

I sold SLV @ $45 for a nice 135% profit.  But that is paper silver, which has nothing to do with stacking the phys.

Sun, 12/11/2011 - 16:37 | Link to Comment mogul rider
mogul rider's picture

Buy food stamps and corner the market since there are fewer food stamps than silver above ground

Sun, 12/11/2011 - 16:55 | Link to Comment RobotTrader
RobotTrader's picture

Lots of "silver bitchez!" guys were slaughtered chasing silver up from $37 to $50, thinking that JPM was going to "fail".

Hopefully, next time there is a parabolic spike in a material that is not Fed-friendly, you will learn to sell and walk away.

Same thing is happening with those who are now chasing CDS's on PIIGS banks and countries.  Most will lose everything they gained the last 6 months.

The smart guys sold these CDS positions the last two weeks and are now scaling into long positions on equities or ETF's like IEV, which now pay a yield of 5%.

Sun, 12/11/2011 - 17:09 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

pure, unadulterated SPECULATION. you have no fucking clue, factually, who "lost" how much...or when, or WHY. let alone who GOT "blow-torched" or is GONNA get "blow-torched" Oooops, I forgot - yer psychic, right?

Sun, 12/11/2011 - 18:09 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

If I had a nickel for every time RobotTrader said something stupid and gave shitty advice, I'd be Kyle Bass.

 

Sun, 12/11/2011 - 18:45 | Link to Comment akak
akak's picture

If I lost a brain cell for every time RobotTrader said something stupid and gave shitty advice, I'd be ...... well, RobotTrader.

Sun, 12/11/2011 - 18:56 | Link to Comment tmosley
tmosley's picture

I wonder what a negative brain cell looks like.

Oh yeah, RobotTrader.

Sun, 12/11/2011 - 19:11 | Link to Comment akak
akak's picture

RobotRetard: Behold the sound of one brain cell clapping.

(And one very loose sphincter sputtering.)

Sun, 12/11/2011 - 19:16 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Mogul is a close second on the Full Retard Scale.

Sun, 12/11/2011 - 19:45 | Link to Comment akak
akak's picture

Hey BoP!  Always good to see you around.

I hear that it's been awfully wet in your neck of the woods (or at least, it has been on the BI).

Sun, 12/11/2011 - 22:54 | Link to Comment Xanadu_doo
Xanadu_doo's picture

"The smart guys sold these CDS positions the last two weeks and are now scaling into long positions on equities or ETF's like IEV, which now pay a yield of 5%."

 

Smart guys like robotrader, fer sure....

Sun, 12/11/2011 - 17:07 | Link to Comment bankonthebust
bankonthebust's picture

This charade will likely go on for a few more years at least. Those in power will not give up until it completely colapses. However, mathematically speaking, a collapse is inevitable.

Sun, 12/11/2011 - 17:10 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

silver, like gold, is real money

currencies may come and go like karma chamelionz of fiat and but that'll never effect your stack

neither will any bank, broker, or corpo-sovereign failure;  ever

the crimex bullion-bankster-City prices will go ^ and down till the paper pyramids collapse, and it will never have one bit of effect on your bullion 

trust me, BiCheZ!

 

 

Sun, 12/11/2011 - 17:52 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

So are you like the Mogambo Guru On Acid (MGOA) or what?

Sun, 12/11/2011 - 18:01 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

imo, all zeroHeads should study his ravings closely as we, in the fullness of time, await his return from space with the interplanetary deus ex machina, but he'll probably be late, from what we've heard from him,

  • and
  • we're
  • doomed, BiCheZ!
Sun, 12/11/2011 - 18:11 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

...freaking doomed, even (WFD).

 

Sun, 12/11/2011 - 17:10 | Link to Comment gnomon
gnomon's picture

Sounds like a lot of people had too high expectations and got in too late.  (And then there are the trolls with the known agenda).

There is no certainty. But if you are putting all of your marbles on "paper" with intermediaries between you and your ability to purchase goods and services in the future then you should look in the mirror to see the greater fool.

 

 

Sun, 12/11/2011 - 17:13 | Link to Comment DutchR
DutchR's picture

Paper, good for rolling since 1913...........

Sun, 12/11/2011 - 17:21 | Link to Comment paulbain
paulbain's picture

No Turd??

 

Well, as of about 4:12 PM on Sunday, 11 December, Turd Ferguson still has not commented on this story. Does anyone know where The Great Turd might be? Maybe I should send a notice to him here:

 

      http://www.tfmetalsreport.com/

 

-- Paul D. Bain

paulbain@pobox.com

 

Sun, 12/11/2011 - 17:28 | Link to Comment Maestro Maestro
Maestro Maestro's picture

Idiot.

When you use fiat as money, you give ME power.

Idiot.

When you use silver as money, you take my power away from me.

Idiot.

You know that I think you're an idiot.

So why do you give me power over your life?

That's the one thing I never figured out.

'cause you don't even have to risk life or limb or even you livelihood to take my power away from me.

All you have to do is convert some of your currency to gold and silver to expose the fraud of the paper markets that promise more metal than they can deliver.

Just expose the fact that the emperor has no clothes.

But you don't.

Why do people love you when they know that you hate them?

Idiot.

 

 

Mon, 12/12/2011 - 01:18 | Link to Comment s2man
s2man's picture

Oookay

Moving on...

Sun, 12/11/2011 - 17:35 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Time to modernize and redesign the Abacus for the kids.

Sun, 12/11/2011 - 17:35 | Link to Comment forrestdweller
forrestdweller's picture

haha.

how many of you are coinsellers here.?

everybody tells the same; buy physical.!

i heard that when you start to see advertisements for gold and silver everywhere on the internet and on tv, the bubble is about to burst.

i see those advertesiments everywhere, even on this site.

it won't be a good investment for 2012.

 

Sun, 12/11/2011 - 17:46 | Link to Comment steelrules
steelrules's picture

What bubble HaHa. gold and silver haven't even begun to move into bubble territory.

Can't wait to see these moron paper bugs jumping out of windows when all the paper goes to shit, that will be the last laugh.

Sun, 12/11/2011 - 17:51 | Link to Comment XenoFrog
XenoFrog's picture

All I hear on the radio and in print are offers to buy gold and silver from people like you who think that $32 is a great price to hand over your family wealth.

Sun, 12/11/2011 - 18:20 | Link to Comment Libertarian777
Libertarian777's picture

too true. i went to one of those 'we buy silver and gold' places and asked if i could buy gold/silver from them and they laughed at me and said.. NO, we only BUY, we don't SELL.

Mon, 12/12/2011 - 01:22 | Link to Comment s2man
s2man's picture

Same here.  I tried three or four places, with the same response.

Mon, 12/12/2011 - 03:49 | Link to Comment forrestdweller
forrestdweller's picture

i can buy it in any shop, on the internet, at auctions.

it's available at many places. no problems at all.

Sun, 12/11/2011 - 21:18 | Link to Comment Alpha Monkey
Alpha Monkey's picture

maybe so.  But, think longer than 1yr timelines, and it is a good investment.

Sun, 12/11/2011 - 17:45 | Link to Comment rambler6421
rambler6421's picture

Don't worry.  They got the Plunge protection team to suppress the price.

 

libertarian86.blogspot.com

Sun, 12/11/2011 - 17:45 | Link to Comment Lmo Mutton
Lmo Mutton's picture

Silver or STFU.

Sun, 12/11/2011 - 18:11 | Link to Comment delacroix
delacroix's picture

the  " I told you so", will be more bitter, than sweet.   I gave an ounce of silver to a stranger, the other day.   definitely not normal behavior, for me, but good fortune, is a curse, if you can't share it with anyone. I don't think he had actually held an oz of silver in his hand before. I suspect that's true for most people

Sun, 12/11/2011 - 17:56 | Link to Comment AC_Doctor
AC_Doctor's picture

SLV and GLD can acqurie millions of ounces overnight but it took Sprott months and month to get his physical silver about 7 months ago.  How many times over is the physical in SLV and GLD been pledged and rehypothedcated over and over?  Ha ha ha, this is going to be the most exciting show on the Earth when the lawsuits start and actual ownership of our "overwhelming" supply of precious metals becomes headline news.  The paper markets will be devasated and the physical markets will explode to unkwown highs as the unwind begins.  I wonder how long it will take Sprott to get his 1.5 billion $$$ worth of silver to increase the physical in PSLV and how much of a short squeeze in prices it will result in??

Sun, 12/11/2011 - 19:33 | Link to Comment Conax
Conax's picture

I think he averaged about 26.85 an ounce. I have a question for you guys, with the knowin'..

Did Mr. Sprott deal with miners, dealers, or what? Did he just buy paper contracts and have it delivered, and if he didn't do that, any reasons why not?

(I'm a crazed silver bug, never sell, you know, a nutter.)

Sun, 12/11/2011 - 21:03 | Link to Comment geekgrrl
geekgrrl's picture

I was wondering the same thing. I somehow doubt he is buying paper contracts and standing for delivery. I do know last time he said he had a very difficult time acquiring the silver, which to me suggested he was placing orders at some of the bullion banks and large dealers but it took a while for all the deliveries to complete - a few months if I remember correctly.

Mon, 12/12/2011 - 05:39 | Link to Comment vamoose1
vamoose1's picture

Sprott bought it worldwide, wherever he could get it without killing the price at about 18 to  24, and it took 3 months to deliver, there was NO MATERIAL PHYSICAL SILVER ON THE PLANET. Many of the bars that did finally show up POSTDATED THE ISSUE,  they did not exist at the time of purchase,  and were still warm from the refinery.

Wed, 12/14/2011 - 02:50 | Link to Comment geekgrrl
geekgrrl's picture

Do you have a linky for that? I wouldn't be surprised about post-dated bars, but I do like to fact-check. Thanks!

Sun, 12/11/2011 - 18:16 | Link to Comment LookingWithAmazement
LookingWithAmazement's picture

Watch out for a silver glut - if there is not one already.

Sun, 12/11/2011 - 18:47 | Link to Comment akak
akak's picture

Watch out for a coordinated anti-PM troll glut -- if there is not one already.

Sun, 12/11/2011 - 18:20 | Link to Comment bill1102inf
bill1102inf's picture

They BUY and SELL Gold AND Silver at GAS STATIONS here in FL already.  Bubble meet pin.

Sun, 12/11/2011 - 18:24 | Link to Comment delacroix
delacroix's picture

ZH meet pinhead

Sun, 12/11/2011 - 20:14 | Link to Comment Temporalist
Temporalist's picture

They buy and sell gas too!  BUBBLE IN GAS!

Sun, 12/11/2011 - 18:24 | Link to Comment non_anon
non_anon's picture

I see a silver lining in all of this

Sun, 12/11/2011 - 19:52 | Link to Comment moonstears
moonstears's picture

@ non_anon, very witty, Sir!

Sun, 12/11/2011 - 18:43 | Link to Comment LookingWithAmazement
LookingWithAmazement's picture

Has the Comex or LBMA crashed, as has been predicted so many times? Boring world we live in.

Sun, 12/11/2011 - 19:12 | Link to Comment PLove
PLove's picture

Silver biocide use is increasing exponentially ... water purification, MRSA disinfectant, clothing and bandage impregnation, burn wraps, nanoparticle colloids, and other medical apps.

Truly unlimited potential

 

 

 

Sun, 12/11/2011 - 19:18 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

the value of PMs isn't in their "market" value today

PMs are for later...

  • either a fringe blogger is down w/ that
  • or we have a troll, do we?  
  • or possibly a shitforbrained moron?
Mon, 12/12/2011 - 01:45 | Link to Comment fuu
fuu's picture

The hydra is fully active and involved today.

Sun, 12/11/2011 - 19:34 | Link to Comment spinone
spinone's picture

Physical PMs have no counter party risk

Fiat price can go up and down, but at least you have something

 

Sun, 12/11/2011 - 19:55 | Link to Comment s2man
s2man's picture

Without reading the article or the comments, to answer the title's question;Yes, it is imminent if Sprott gets approved to buy another $1.5B for his silver fund. 

Buy now, just on that rumor, alone.

Sun, 12/11/2011 - 19:58 | Link to Comment walcott
walcott's picture

what about platinum? There are only what 3 places where it's even mined?

What about Rhodium? Or Palladium?

And then there's the wombat. Isn't that critter exticnt yet?

That video sucks btw. And it's that stupid kid from NIA who does videos at the costco with buckets of wheat.

Same credibility and the idiot Geroge 4 Title or Man of Truth.

Just a coupe months ago the Man of Truth retard said that people wil be trading their frearri's for a bucket of wheat!

What a fucking douchebag! 

 

Sun, 12/11/2011 - 20:23 | Link to Comment kekekekekekeke
kekekekekekeke's picture

who said you had to choose between LULU and silver?

http://www.youtube.com/watch?v=ym8x9B3gu4s

Sun, 12/11/2011 - 20:43 | Link to Comment TideFighter
TideFighter's picture

idiot. gov takes at their offer price for "research"

the market price for research REE's is "unlimited"

Sun, 12/11/2011 - 21:01 | Link to Comment akak
akak's picture

How delightfully cryptic.

Can you repeat all that, in English this time?
I don't have a clue what you were trying to say.

Sun, 12/11/2011 - 20:48 | Link to Comment walcott
walcott's picture

you morons sound like all the idiots who thought they'd never be able to buy a house if they didn't buy one at ridiculously inflated prices.

 

Sun, 12/11/2011 - 21:05 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture


Paper sucks, you Wall Street fucks! I'll see you vampires in the sun, with my loaded silver gun. Yer goin' down in flames, from Lower Manhattan to the Thames. Your paper is I know not where, I'd rather shit my underwear! For, be there bull, or be there bear, silver is the suit I wear! (With gratitude, and apologies to Dr. Seuss.) The only paper I own is the stuff I wipe my ass with. Market paper is worthless, because I cannot do a good job of wiping my ass with it. Gold was worth $28.00 an ounce when I was a kid. Silver was worth whatever was printed on the coin you spent. Any one think those days are coming back? All of the lying bum fucking aristocracy of the Age Of Paper Power can burn in their paper suits soonest. I won't even bother pissing on them to put out the flames. I collect gold, silver, lead, copper, real dry powder, food, tools, diesel fuel, and other useful commodities. There is a community of folks all doing the same, so skill sets and extra eyes and hands can guard each others sixes, and "break on through to the other side, break on through to the other side, YEAH "

Sun, 12/11/2011 - 22:08 | Link to Comment Ahmeexnal
Ahmeexnal's picture

A huevo!

Mon, 12/12/2011 - 05:43 | Link to Comment vamoose1
vamoose1's picture

FUCKIN   A

Sun, 12/11/2011 - 21:19 | Link to Comment tofu mary
tofu mary's picture

After reading all about hypothecation and re-hypothecation here on ZH, I kinda freaked out, withdrew a wad of cash from Schwab and took it down to our local coin dealer. Because our little safe deposit box is fairly well stuffed with silver, I opted for gold, since it takes up less space. I asked for a little stack of gold maples, basically sopping up all he had. He said he's having a hard time keeping gold coins in stock lately. Apparently a couple of Israeli guys keep showing up to buy whatever he has on hand to take back to Europe. They don't live around here, they just fly in to get the stuff and fly back out. This guy has been around 30+ years and usually has plenty of everything at this shop, but today they only had buffaloes, eagles and pandas. Also, he was offering to pay a 15% premium on krugerrands, which seems kind of high. He said the US is the cheapest place in the world to buy gold, so I guess the arbitrage is worth it. To me it's a sign of the times. As more people wake up to the value of having physcial in hand, I think it'll be harder and harder to find, with higher and higher premiums. So I'd say get some while you can.

Sun, 12/11/2011 - 21:31 | Link to Comment radicall
radicall's picture

After Paulson and Tilson, looks like Hedge funds are working on the Anti-ZH ETF. Shorting gold and silver. I can't find any other explanation for the drop in silver  today

Sun, 12/11/2011 - 21:53 | Link to Comment geekgrrl
geekgrrl's picture

You might want to read the comment before yours.

Sun, 12/11/2011 - 21:37 | Link to Comment Glasgow Gary
Glasgow Gary's picture

Based on this thread, the outlook for silver prices is not encouraging. Those of us who posted mere facts about the very healthy growth in global silver production recieved downvotes. Meanwhile, lots of almost religious belief here in higher silver prices. No wonder the metal is struggling. It remains over-run by retail investors who've watched all too many YouTube pep talks.

However, let's give this silver bulls their due: the metal has done well again this year, and many of the structural facts listed in the video are worthy. Also, let's not forget the metai--unlike many other commodities--remains well, well below its all time inflation adjusted highs on a historical basis.

I'm bullish on silver. But silver is NOT going to pay out a jackpot in the next 90 days. Sorry.

GG

Sun, 12/11/2011 - 22:09 | Link to Comment akak
akak's picture

Who is worried exclusively about the next 90 days?

Only RobotRetard, almost alone among the rest of the posters on ZeroHedge, demonstrates that level of ADD-afflicted, terminal short-sightedness.

Sun, 12/11/2011 - 22:16 | Link to Comment geekgrrl
geekgrrl's picture

I agree with much of this post, but I think it's important to make a distinction between a functioning market and a market where mutually exclusive claims exist on the same physical stuff via commingling and hypothecation. It seems to me that paper investors are going to rush for the exits, and that should take down the paper price while at the same time creating physical shortages. That might happen over the next few months, but it seems just as likely that it could take the paper price way below physical prices in a matter of just a few days. I don't see much difference psychologically from a regular bank run, and those typically happen all at once, not over the course of months. Remember that major fraud has just been exposed, it's believed to be just the tip of the iceberg, and has just pulled back the curtain for those with eyes to see.

Regarding the hypothecation story, what difference does production make? I don't see any relationship at all between the ability to produce silver and the ratio of paper silver to real silver. It seems to me that if the real ratio of paper to silver is say 4:1, then the price should be 4X current spot, shouldn't it? Who cares what can be produced in the future, or whether the peak has happened. I think the peak is not far off, but the proximate problem here is not resource limited, it's a multiple counting problem.

Mon, 12/12/2011 - 05:46 | Link to Comment vamoose1
vamoose1's picture

superb

Sun, 12/11/2011 - 21:57 | Link to Comment Barack Obama
Barack Obama's picture

sniff sniff....this video looks, sounds and smells just like the products put out by the National Inflation Association (NIA). Slick, well made, intended to direct you to their site. It appears the same people "Vision Victory," John Lebed, "George4Title" seem to be lurking behind the scenes on this. Google their names and see for yourself.

Mon, 12/12/2011 - 00:07 | Link to Comment Mitch Comestein
Mitch Comestein's picture

I was just making the same comment and then I saw yours.  It is definitely those assholes (NIA). 

Come on Tyler, how much money are they paying you to advertise for those pump & dump, scaming bastards.  You can do better!

Sun, 12/11/2011 - 22:06 | Link to Comment saulysw
saulysw's picture

I used to collect silver, then I took an arrow in the knee.

(if this makes no sense, meme here).

Sun, 12/11/2011 - 22:05 | Link to Comment Newager23
Newager23's picture

It's all about demand. Currently demand for gold and silver is not very significant (the recent SF gold show was empty). On a percentage basis of savings, it is less than 1%. If American's alone decided to save 1% of their money in gold and silver, there would be a HUGE increase in the price. In fact, if demand increased to 1%, there would not be enough silver to go round. As Jason Hommel blogged, American's are currently spending $7 billion per year on gold and silver. That number may not increase dramatically, but if it ever does, everyone will wish they got in early.

www.goldsilverdata.com (for gold & silver mining stocks).

 

Sun, 12/11/2011 - 23:10 | Link to Comment nmewn
nmewn's picture

And out the other end.

(Discards used body condom)

Sun, 12/11/2011 - 23:30 | Link to Comment Freddie
Freddie's picture

Silver is horrid, barabaric and bloody relic.   You are much better off with paper ETF silver as you can rehypothicate it to some Democrat slimeball like Jon Corzine or his pals Democrat Bill Clinton or the Democrat muslim.

Mon, 12/12/2011 - 00:04 | Link to Comment Mitch Comestein
Mitch Comestein's picture

So Futuremoneytrends.com is the new pump and dump vehicle for the inflation.us guys.  Nice to know those guys are still around. 

My comment in no way takes from the investment value of silver.  I am just calling a spade a spade.

Mon, 12/12/2011 - 00:15 | Link to Comment suckerfishzilla
suckerfishzilla's picture

I subscribe to this channel on youtube.  He's a nice guy.  Whenever I try to convey to my acquaintances the fact that the actual Au:Ag ratio is 10:1 in contrast to what the ratio is at the comex all I get is a blank stare(s).  Most of our citizens aren't even trying to comprehend the markets. 

Mon, 12/12/2011 - 00:39 | Link to Comment natty light
natty light's picture

Great video Daniel!

Do NOT follow this link or you will be banned from the site!