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Message:: [QUOTE="medoraman, post: 1325080, member: 26302"]But only if there is still a relationship between the two. Physical PM and paper PM are not the same markets. You cannot really interchange them, bags of 90% cannot be made into paper, and most paper is not receivable, and in such a scenario wouldn't want to be anyway. If physical demand goes away, meaning the buyers have lost huge on their holdings and new demand simply isn't there, dealers who expect the market to decline further and cannot move what they have now, simply cannot offer such high prices for PM. It very well could be that we will never again experience such a market, I am simply pointing out that physical PM is affected by forces that paper is not, and vice versa. They are NOT the same, which we have seen in recent years where dealers have increased their premiums if they believe the market is too low, or offered below market on price spikes. Do you know of any dealer paying much over 29x face when silver spiked to $49? I called national dealers and that is what they were paying. I was simply warning people, many of whom have not experienced a down market being new to PM investing, of what can happen. Just because the silver price is $25 does not guarantee you can exit your position for that, based upon these factors I listed. Btw sir, were you a buyer and seller in the 80's? I was just curious your experience if you were. I have always loved silver, so always paid attention to what was happening at local coin stores and shows regarding prices. I was at the state show in the early 80's and all of the dealers were offering around 70% of market for silver, I think its a little unfair to say, "all of you deserved it". It was a different market than today sir, like I described. Chris[/QUOTE]

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