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Gold $800.00, Silver $16.00 next target?
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<p>[QUOTE="AuSgPtHoarder, post: 293130, member: 9817"]I don't think the mint's stoppage has anything to do with supply, only price, however, I placed an order for 100 oz of silver from NWT Mint in August, just about at the lowest spoot price of 2007. Typically, silver orders from them will take about 4-6 weeks tops. My newest estimated ship date is tomorrow. I'm expecting it to get pushed back again. When I called to speak with my sales rep, she told me they have an enormous supply backlog and their orders have been increasing significantly still (this was about 2 weeks ago!)</p><p> </p><p>That means even as silver was charging toward $15/oz, they're busier filling orders than they've been in a long time. These aren't just Average Joes wanting a little $20-50 piece of the action; Their bullion department only fills orders for, I believe, 60 oz or more at a time. </p><p> </p><p>What I really like about PM's (besides the shiny goodness, of course), is that when their value is decreasing, it means those "less dollars" you can get for them are dollars you can purchase more with anyhow. Its not often you will lose inflation-adjusted dollars with PM's.[/QUOTE]</p><p><br /></p>
[QUOTE="AuSgPtHoarder, post: 293130, member: 9817"]I don't think the mint's stoppage has anything to do with supply, only price, however, I placed an order for 100 oz of silver from NWT Mint in August, just about at the lowest spoot price of 2007. Typically, silver orders from them will take about 4-6 weeks tops. My newest estimated ship date is tomorrow. I'm expecting it to get pushed back again. When I called to speak with my sales rep, she told me they have an enormous supply backlog and their orders have been increasing significantly still (this was about 2 weeks ago!) That means even as silver was charging toward $15/oz, they're busier filling orders than they've been in a long time. These aren't just Average Joes wanting a little $20-50 piece of the action; Their bullion department only fills orders for, I believe, 60 oz or more at a time. What I really like about PM's (besides the shiny goodness, of course), is that when their value is decreasing, it means those "less dollars" you can get for them are dollars you can purchase more with anyhow. Its not often you will lose inflation-adjusted dollars with PM's.[/QUOTE]
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