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<p>[QUOTE="medoraman, post: 2232867, member: 26302"]Doug, come on. You were around just a couple of years ago when the EXACT SAME THING happened when PM declined. It ALWAYS happens. Right after the decline the premiums go up, and will stay up until supply forces them back down. I will bet anyone who wishes that in 6-10 months if markets stay the same the premium will be much more normal than today, assuming no surprise supply disruptions.</p><p><br /></p><p>Sorry if I am grouchy about this, but I simply have seen a dozen price corrections in my lifetime, and every single one of them led to short term premium raises, just to go back to normal after a short while. Saying "That should suggest that paper prices don't mean much anymore" is simply untrue. What it means is you should buy paper silver if you like this price level, and wait for physical bullion to go back to normal premiums. Another thing would be to get enough and buy a forward contract at the "paper" price.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2232867, member: 26302"]Doug, come on. You were around just a couple of years ago when the EXACT SAME THING happened when PM declined. It ALWAYS happens. Right after the decline the premiums go up, and will stay up until supply forces them back down. I will bet anyone who wishes that in 6-10 months if markets stay the same the premium will be much more normal than today, assuming no surprise supply disruptions. Sorry if I am grouchy about this, but I simply have seen a dozen price corrections in my lifetime, and every single one of them led to short term premium raises, just to go back to normal after a short while. Saying "That should suggest that paper prices don't mean much anymore" is simply untrue. What it means is you should buy paper silver if you like this price level, and wait for physical bullion to go back to normal premiums. Another thing would be to get enough and buy a forward contract at the "paper" price.[/QUOTE]
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