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<p>[QUOTE=&quot;Smitty, post: 1393264, member: 35044&quot;]... so says Robert Mish in <a href="http://www.chrismartenson.com/page/transcript-robert-mish" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.chrismartenson.com/page/transcript-robert-mish" rel="nofollow">an interview</a> with Chris Martenson.</p><p><br /></p><p>I may have to rethink any future allocation. Right now I&#039;m about 60% COMEX-approved 100 oz bars and 40% &quot;junk.&quot;</p><p><br /></p><p>I always looked at &quot;junk&quot; as being easily exchangeable in a dire situation because its value and authenticity are readily known. But dealers would likely send it to a refiner. And during the 1980 panic there was an 8-week backlog at the refiners. So the dealers didn&#039;t want to squeeze their cash flow by committing it for weeks or months, or take the risk of price movements over that time period, so they offered less for unrefined silver. Supposedly, the discount reached as much as 30%. Whereas with refined silver they could buy it right then without worry of price fluctuation.[/QUOTE]</p><p><br /></p>

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