never seen silver drop so fast $25.85

They were weak hands, they had the rules manipulated against them as well. (the hunt brothers that is)

 

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What they are probably trying to say rather than "imaginary" is that the intrinsic value of paper money is zero (or very close to it). If confidence and acceptance of the U.S. dollar was ever lost its only value would be as toilet paper or a fire starter. Gold/Silver have always had value throughout history, regardless of any government decrees.

Hyperinflation is a much more realistic threat now with nearly 17 trillion dollars in government debt that can only realistically be paid through inflation (money printing). Pretty much every central bank in the world is doing their part to inflate their currency though, so for the time being the dollar is strengthening against those other currencies. (and inexplicably against gold and silver as well)

 

Buy prices for 90% U.S. coinage is at all time highs, 3 major dealers I checked were paying $1.50-$2.75 OVER spot per ounce, unprecedented. Generics are still buying and selling at usual levels for the most part however, so I'm not completely ready to say their is a major silver shortage. U.S. mint has not be able to purchase enough silver blanks to keep up with production as well however, maybe we are not too far away from a shortage if demand stays strong as it has so far.

 

Why can't you just buy the silver blanks with out getting stamped? Wouldn't that keep cost down? We don't need a pretty picture if just holding for the metal value

 

More difficult to fake an image I believe. For example some fakes of American eagles and canadian maple leafs have been discovered due to the counterfieter not being able to replicate the amount of detail used on the legitimate coins.

 

Buy prices of 90percent is interesting, but i don't thini ase production, limited as they are by law, is much of a factor.

Weird, buy/sell spread of online dealers i looked at looked somewhat regular.

 

90% silver is more expensive now than it was when silver was in the 30s. The bid for junk is higher than what I paid at melt months ago. This is great. Maybe silver should continue going down if there is going to be negative correlation between the two haha.

 

Whether there is a shortage or not for physical silver at the retail level, really doesn't amount to a hill of beans either way. Retail silver does not drive the market and is just along for the ride. Any shortages or gluts are just short term anomalies that will smooth over before too long.

Also FYI, it looks like silver opened just a tad better than flat in Asia.

 

And that's when I pulled the trigger at APMEX haha, down another buck since then already. Good thing I DCA, as I still have some dry powder. This is where we separate the men from the boys.

 

I may have to stay up late tonight to lock in an APMEX order... metals are getting hammered tonight~
Silver down to $24.82
Gold down to $1446~

Yikes~

 

I agree. Those who are bullish on pm and ride this out long term will do better than those here six months ago saying its going to the moon, and are not here today. Keep plugging away. I might be there beside you buying if it keep falling.

 

ouch. $24.40 for silver. I hate this. Every time there is such an extreme move, they usually recover it all. I want it drop slowly and for an extended period of time, so I can take advantage.

 

6 minutes later... now...
Silver down to $24.43
Gold down to $1432

Ugh~

 

Dang your right. Maple leafs for less than 27 because silver is just getting clobbered.

Ytd loss now on silver is over 18 percent.

 

I see another 5oz ATB purchase in my future thanks to these lower prices!!

 

Good luck to ya InfleXion........

 

just pulled the trigger on 1 roll of 2013 Philharmonics and 2 10 oz NTR bars at Goldmart. I just couldn't resist it. Will buy more if it drops more.

 

Yeah one interesting this I just noticed is that since yesterday APMEX has increased the premium on their Johnson Matthey 100oz bars from $1.09 over spot to $1.39 over spot... *******S!

 

Its more attractive, but i can still resist. It is starting to look a little more interesting though. I just don't try to catch falling knives. Its great if you successful, bloody if not.

 

The only parties that can redeem shares are the principals and somewhat~ very large baskets of shares ( per prospectus), not the common shareholders. Shareholders can sell their shares, but only if someone else buys them.