Message:

<p>[QUOTE=&quot;Rono, post: 441513, member: 6492&quot;]Hi good people,</p><p>&nbsp;</p><p>Some of you are spot on (vess, cloudsweeper) that this is NOT your normal market so don&#039;t expect normal pricing.&nbsp; There is a huge and abnormal divergence between the paper price of gold and silver bullion and the supply of &#039;hands on&#039; physical bullion.&nbsp; Hell, the paper and physical markets are so disjoint they hardly resemble each other.&nbsp; </p><p>&nbsp;</p><p>There are a lot of reasons for this including the bullion ETF&#039;s, naked shorting of gold and silver futures, and so much leverage in the paper market that I read there was 10 times more paper silver than there was physical supply on the planet.&nbsp; There are some that feel the smaller dealers don&#039;t care to sell at a loss.&nbsp; There are some that blame this situation on a conspiracy.&nbsp; Feh.&nbsp; I&#039;m not much of a conspiracy guy, but realize the acknowledge that if anyone is in a position to manipulate the market - they will.&nbsp; I would too.</p><p>&nbsp;</p><p>Regardless, the paper price is so low now that available supply on the street has all but disappeared.&nbsp; This reminds me of the Econ 101 supply / demand curve for Price Controls.&nbsp; When prices are artificially low, the supply disappears.&nbsp; Sort of what&#039;s happening in the credit market - if 5% doesn&#039;t cover the risk of lending you money and now the gov&#039;t lowering rates to 4% - do you really think your chances of getting a loan have improved?</p><p>&nbsp;</p><p>The net/net result is that premiums have gone thru the bloody roof - IFF you can find anything to buy.</p><p>&nbsp;</p><p>Yeah, theres stuff on Ebay, but it&#039;s pricey - and tight supply is bidding it up further.&nbsp; As for dealers, you really can&#039;t be choosy -if you want to buy something - the supply is so limited they&#039;ve got you.&nbsp; Sorry, I know it&#039;s a bite. </p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in