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<p>[QUOTE="Cloudsweeper99, post: 1284667, member: 3011"]A consistent and prolonged disinvestment of bullion coins by investors would depress the price as you suggest. I was responding to a comment that action in the [paper] futres market could do the same thing, and I don't see that as being probable. </p><p><br /></p><p>I don't see the disinvestment happening, however. The situation in the 90s was largely caused by the intentional sale of silver from government stockpiles regardless of price. From what I can tell, individuals have historically sold silver when the price went up [as in 1980], not down. So if this happened as you suggest, it would be a new phenomenon. Ask the people here how many of them would run to melt their collection of ASEs by date, or Pandas, or Libertads, "junk" Franklin halve collections, or even their wives silver jewelry if silver went to $10. I don't think there would be too many takers. The great unknown would be the ETFs like SLV. Would they be inclined to take possession of silver to melt at low prices or at high? That might make a difference.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1284667, member: 3011"]A consistent and prolonged disinvestment of bullion coins by investors would depress the price as you suggest. I was responding to a comment that action in the [paper] futres market could do the same thing, and I don't see that as being probable. I don't see the disinvestment happening, however. The situation in the 90s was largely caused by the intentional sale of silver from government stockpiles regardless of price. From what I can tell, individuals have historically sold silver when the price went up [as in 1980], not down. So if this happened as you suggest, it would be a new phenomenon. Ask the people here how many of them would run to melt their collection of ASEs by date, or Pandas, or Libertads, "junk" Franklin halve collections, or even their wives silver jewelry if silver went to $10. I don't think there would be too many takers. The great unknown would be the ETFs like SLV. Would they be inclined to take possession of silver to melt at low prices or at high? That might make a difference.[/QUOTE]
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