Question about Physical Silver Supply

Discussion in 'Bullion Investing' started by SilverMike, Mar 14, 2020.

  1. masterswimmer

    masterswimmer Well-Known Member

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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Yep, and that's why goldcollector is still clutching the silver that @Garlicus paid him for years ago.
  4. Rono

    Rono Senior Member

    Howdy folks,

    We've been through this before. It's a classic example of artificial price controls. The paper price of gold and silver is below what the street price. This results either in supply shortages or premiums skyrocketing or both. We're seeing both. It's the same thing when interest rates are 2%. Try to get a mortgage near there and the banks are empty. Sorry. However, if you're willing to pay 4-5-6%, well maybe they can find some money. Nixon gas price controls.

    That said, the supply is drying up very fast the demand is absolutely freaking huge.

    Be damn careful people,

    and so it goes,


    ripple and SilverMike like this.
  5. FarmerBill

    FarmerBill Member

    Well........ What I know is that I've had 3 phone calls in the last week from old friends asking me where to buy gold and silver. I know for a fact one of them was talking six figure money.
    SilverMike likes this.
  6. 05Wildcats

    05Wildcats Well-Known Member

    LCS has sold out of silver. Unable to purchase from the large dealers in Dallas due to no supply.
    Rono, ripple and Randy Abercrombie like this.
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Be patient. There will be plenty available come summertime.
    ripple and -jeffB like this.
  8. masterswimmer

    masterswimmer Well-Known Member

    Or...... they purchased their inventory in the $16 spot range and don't want to sell it for a loss. Their safes might actually be full. Try selling silver to them and they'll be whipping out the cash. ;)
    Rono, ripple, Stevearino and 2 others like this.
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Sitting on inventory doesn't keep the lights on. They'll say they can't meet your price of $X because "I've got $X + Y in it myself", but once they start to get low on cash, they'll have little choice.
    ripple, Mr. Flute and baseball21 like this.
  10. LA_Geezer

    LA_Geezer Well-Known Member

    Nope. A dollar a gallon has been gone since the glut of the late eighties. Our area tends to have some of the lowest fuel prices in the country, but our latest governor wants to change all of that. We've been under $2/gal here for almost forever.
  11. masterswimmer

    masterswimmer Well-Known Member

    That'll be a new set of circumstances. Obviously things haven't progressed that far, yet. We're talking about todays reality.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    Sorry. "Today's reality" is a bit hard to keep up with lately...
    ripple likes this.
  13. masterswimmer

    masterswimmer Well-Known Member

    That's your call.
  14. Clawcoins

    Clawcoins Well-Known Member

    try Silver/Gold ETFs ...
  15. baseball21

    baseball21 Well-Known Member

    Don't forget they're doing you a favor by selling it as it will only go up up up
    -jeffB likes this.
  16. baseball21

    baseball21 Well-Known Member

    For sure, but we're also seeing crude prices at levels that are rarely ever this low
  17. 05Wildcats

    05Wildcats Well-Known Member

    Oil prices this low will cause some low producing wells to be shut down when they have problems.
  18. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    $1.65 In southwest MO
  19. -jeffB

    -jeffB Greshams LEO Supporter

    I see a Walmart near Greenville, SC has it for $1.56. I'm in a little high-cost island, where most places are still above $2.20.
  20. masterswimmer

    masterswimmer Well-Known Member

    Got a good deal in NY today. Paid $2.319/gallon. NY gas tax sucks.
  21. Rono

    Rono Senior Member

    Be careful with ETFs as they are taxed at the collectible rate. Keep them in an tax deferred or exempt account.

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