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<p>[QUOTE="coinaline, post: 7342536, member: 115811"]When I was looking for some Australian Silver Dragon coins last night, every place had sold out at $31 each. I went to Ebay and the going rate for the same silver coins was consistently $50 plus even with auctions ending 4 days from now.</p><p><br /></p><p>I think as high as the premiums might be it is not reflecting actual market demand from the super annoying silver squeezers. They have distorted the market.</p><p><br /></p><p>I visited their online chats and see people flaunting their $200,000 stacks of silver bars (yes, could be fake, but it's consistently large amounts taken by phone cameras...strange). Why would anyone have that much silver, and not convert to gold? It's not organic demand. I know they think it will take off and they are going to "break the banks", but the government would intervene before they let the banks fail. I think they've also moved into gold when silver sold out.</p><p><br /></p><p>I think it's unlikely these people will sell at a loss. There are thousands of these people worldwide who seem to mostly deal in crypto and now have lots of spending money to throw around on coins.[/QUOTE]</p><p><br /></p>
[QUOTE="coinaline, post: 7342536, member: 115811"]When I was looking for some Australian Silver Dragon coins last night, every place had sold out at $31 each. I went to Ebay and the going rate for the same silver coins was consistently $50 plus even with auctions ending 4 days from now. I think as high as the premiums might be it is not reflecting actual market demand from the super annoying silver squeezers. They have distorted the market. I visited their online chats and see people flaunting their $200,000 stacks of silver bars (yes, could be fake, but it's consistently large amounts taken by phone cameras...strange). Why would anyone have that much silver, and not convert to gold? It's not organic demand. I know they think it will take off and they are going to "break the banks", but the government would intervene before they let the banks fail. I think they've also moved into gold when silver sold out. I think it's unlikely these people will sell at a loss. There are thousands of these people worldwide who seem to mostly deal in crypto and now have lots of spending money to throw around on coins.[/QUOTE]
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