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<p>[QUOTE=&quot;Rono, post: 1621478, member: 6492&quot;]Hi folks,</p><p><br /></p><p>Pat writes a lot for Numismatic News and owns the local coin shop where I&#039;ve been shopping for around 30 years or so.</p><p><br /></p><p>I thought I&#039;d link their website so that you could read his Liberty Outlook Newsletter - a pdf link at the top of the right had side of the page.&nbsp; It&#039;s a pdf file so I didn&#039;t know how else to share it.&nbsp; </p><p><br /></p><p><br /></p><p><a href="http://www.libertycoinservice.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.libertycoinservice.com/" rel="nofollow">http://www.libertycoinservice.com/</a></p><p><br /></p><p><br /></p><p>I agree with much of what Pat says, although at times he can get a bit shrill.&nbsp; That said, notice towards the end where he talks about how shortages and delivery delays are staring to appear, particularly in the low premium bullion arena.&nbsp; He mentioned that it was starting to impact premiums.&nbsp; </p><p><br /></p><p>This is something we definitely want to watch out for.&nbsp;&nbsp; If you recall back a few years, real shortages developed for physical bullion and the premiums went nuts.&nbsp;&nbsp; Econ 101/102 classic case of of a market with price controls.&nbsp; Whenever they keep the legal price of something below what the market actually believes it should be shortages appear.&nbsp; Remember gas price controls under Nixon?&nbsp; All of a sudden, everyone is out . . . at least at the official price.&nbsp;&nbsp; It&#039;s been the same bloody thing with interest rates and credit availability.&nbsp; At 3-4%, bankers don&#039;t have a lot of available money to lend but if you want to pay 5-6% . . . well maybe they might find some.&nbsp; With bullion, the paper price get&#039;s driven down below what the street market feels it should be and duh . . . supply dries up.&nbsp; Why should I sell you my AGE&nbsp; for 1800 when I believe it&#039;s worth 2000?&nbsp; However, the premium is negotiable.</p><p><br /></p><p>Anywho, enjoy.</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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