A Silver Shortage is rearing it's ugly head

A local high-volume coin dealer is having a hard time keeping 2011 ASE's in stock ... they are showing out of stock (with a future shipping date in about 2 weeks) on 2011 silver eagles -- and silver has raced up another 87 cents (nearly 3%) sunday night. On Friday night, CNBC was talking about how silver shortages (for delivery) were popping up all over. A very interesting situation.

 

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Howdy,

That's what this article is saying - supplies are dwindling and whatnot. Now pleases realize that the goldenjackass is a goldbug site but the author does list a lot of the issues facing siler supply, demand and pricing.
http://www.gold-eagle.com/editorials_08/willie030211.html

peace,

rono

 

Interesting web link ...

These silver "shortages" have occurred in the past.
This is from a gold vs silver web site ...


"In March, 2008 there was an unprecedented shortage of 'retail silver' (physical silver in forms that all but the largest investors typically purchase). Most large bullion dealers were out of most or all of their silver (and their suppliers were out, too) for a few weeks. Again, in August, 2008, major shortages occurred.

This could be attributed to the silver market being small, but if shortages of retail silver haven't occurred in the past, it's a sign that either [1] there is less silver available than before, or [2] investors are purchasing more silver than in the past, or [3] dealers were reducing their inventory (which doesn't make business sense).

As one of these shortages began, The Tulving Co started selling 1000 ounce silver bars, suggesting that it was one of the few forms of silver that could be obtained (they are rarely sold in the retail market).

There have been minor retail gold shortages, but not to the extent of the silver shortages. The argument that silver shortages occurred because the silver market is small don't help -- if the silver market is so small, it would take less investor demand to cause prices to rise."

 

I am with you wingedliberty.
I have bought 10 rolls of ASE this year alone.
I just pulled the trigger on 1.25 oz gold last week.

Gold is up $8.00 this morning.
I bought another 100 rounds of .223 and 40 more 12G "00" Buck" yesterday. That costme $123.00 dang even ammo is going up!

 

Very interesting link, Rono.

 

it's pretty clear that $40 silver is just around the corner

 

I kind of think it's turned the corner and is heading straight at us, in our lane.

 

You have an eye for the obvious.

 

When it hit's $75 then we'll know this runup is real.

 

Meanwhile more than half the people on this board have been selling their silver and thought silver was in a "bubble" at $30.
I am laughing all the way to the bank as I have cleared over 50k in gains in the past 6 months.

 

As I have been saying, this is just the beginning. It is happening the dollar is down .15-.2 today and when it breaks through 76. we are in for one heck of a ride.
Hold that Silver and expect some basic profit taking along the way. $50-$75 before the end of 2011

 

there is a great ETF trading under ticker symbol AGQ which is a double long silver ETF ...

if you invest $20,000 ... you leverage $40,000 worth of silver
so if silver rises, you double your gains (of course you also double your losses if it falls)
ahh ... the joys of investing!

AGQ ... check it out

It was trading at $60 a share in August last year ... this morning its trading around $216 premarket.

If you believe in silver, buy AGQ

 

Wow! This board is starting to remind me of the old AOL investment chat rooms in the late 1990s when tech stocks were all the rage.

 

I just checked Tulving and they'll sell you all the silver you need.

 

Big difference is ... in the late 1990's EVERYBODY was in tech stocks ... your hairdresser and cab driver was talking about them.

Today ... NOBODY is in gold and silver ... very few people in the US have ever seen a gold or silver coin.

I could call up 400 of my smart educated friends and ask each one ... do you have any gold or silver bullion ?
I guarantee they would all say ... other than my wife's jewelry ... no


​

 

Down here in Europe we got a baked bean shortage, but no silver shortage.

Maybe a few stores trying to keep their stocks as tight as possible?

As far as I can see, there's no gold or silver shortage. Actually, quite the opposite. Everyone and his wife is selling the stuff.

Steve

PS Still buying gold sovereigns from Ebay when I can get them well under spot, but treading very carefully with silver. Still some bargains to be had with crowns, large commemorative coins etc but can't help feeling that silver is WAY overpriced!

 

You might not believe my prediction, but since silver was at $36.75 this morning, $40 silver is going to be on Friday

 

I like the PMs a lot. And the path of least resistance for gold and silver is up for now, but I can't help but remember that many large investment losses occur because of the words "it's different this time."

 

Absolutely!! Hold as much as you can because the big payout day is on it's way!! Gooooooo Silver!!

 

when do you plan on selling?