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199 years to break even ? zero correlation between silver the dollar and inflation
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<p>[QUOTE="InfleXion, post: 1680028, member: 29012"]I actually got tipped off to a growing divergence in physical price vs. paper price today. Typically US 90% coinage is available for purchase at or below spot price. It is also typical that 90% premiums are one of the more reliable leading indicators of a supply shortage. </p><p><br /></p><p>So here is where we are at right now, and these are the cheaper bank wire transfer prices from the dealers that hedge:</p><p>APMEX bulk bags of 90% silver @ $29.93/oz, a premium of $2.95 per oz.</p><p>Provident Metals is almost all sold out of 90%, what's there is $30.44/oz, a premium of $3.46 per oz.</p><p>Gainesville Coins bulk bags of 90% @ $29.75/oz, a premium of $2.77 per oz.</p><p>Tulving is completely sold out of 90%, with a buy price of spot + $1.10 per oz for 90%. </p><p><br /></p><p>If this is not a sign of a supply depletion I don't know what is.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1680028, member: 29012"]I actually got tipped off to a growing divergence in physical price vs. paper price today. Typically US 90% coinage is available for purchase at or below spot price. It is also typical that 90% premiums are one of the more reliable leading indicators of a supply shortage. So here is where we are at right now, and these are the cheaper bank wire transfer prices from the dealers that hedge: APMEX bulk bags of 90% silver @ $29.93/oz, a premium of $2.95 per oz. Provident Metals is almost all sold out of 90%, what's there is $30.44/oz, a premium of $3.46 per oz. Gainesville Coins bulk bags of 90% @ $29.75/oz, a premium of $2.77 per oz. Tulving is completely sold out of 90%, with a buy price of spot + $1.10 per oz for 90%. If this is not a sign of a supply depletion I don't know what is.[/QUOTE]
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