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<p>[QUOTE=&quot;clembo, post: 440817, member: 8033&quot;]Ok here we go again.</p><p><br /></p><p>I do suppose that it varies to some degree from location to location but in my area there is indeed a shortage of physical silver.</p><p><br /></p><p>We are selling at 12X spot and getting it. I have seen some rather extraordinary amounts of silver (by my boss&#039;s standards) being sold. </p><p><br /></p><p>We have a few regular customers/dealers that do a lot of running for us. It&#039;s usually to Chicago. The Saturday before last my boss was able to lock a price on 500 silver rounds. One of our guys drove to Indianapolis (an extra 150 miles one way to pick it up). He told us when he got back we were lucky to get it.</p><p><br /></p><p>Last Saturday my boss locked into a &quot;monster box&quot; of 500 2008 Silver Eagles. We got them today. Finally an actual delivery. I believe he paid $4.50 over spot per coin. Usually about $1.55 over spot.</p><p>The same day he gave another regular $10,000 in cash to find &quot;junk&quot;. The guy had a table at a show and the boss told him to buy what he could at 10x face.</p><p>He came through on Monday dropping off $1000 face that MY BOSS paid 10x for.</p><p><br /></p><p>People aren&#039;t selling that much now that &quot;on paper&quot; silver is so much lower than a scant few months ago.</p><p><br /></p><p>Now, dealers obviously don&#039;t want to sell at a loss. Can&#039;t stay in business too long doing that. Believe me on this one though folks - the supplies on hand are dwindling and people are paying a much larger premium.</p><p>It&#039;s spilling over into gold as well. 2-5% premiums on gold are now 10% or more.</p><p><br /></p><p>Here&#039;s a good example.</p><p><br /></p><p><a href="http://www.tulving.com/goldbull.html#silver" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.tulving.com/goldbull.html#silver" rel="nofollow">http://www.tulving.com/goldbull.html#silver</a></p><p><br /></p><p>I have consulted this site for years and NEVER seen it like this. Tulving sells physical product only. </p><p>I&#039;ve seen his 100 oz Ohio Precious Metals bars sell out in less than a day.</p><p><br /></p><p>People are doing a lot buying &quot;on paper&quot; but seriously doubt they can back it up in physical. If you buy and they tell you 8-10 weeks to ship what does that really say? They don&#039;t have it.</p><p><br /></p><p>Personally, IF I had better funds and could find &quot;junk&quot; at 10x face I&#039;d be buying a lot more.[/QUOTE]</p><p><br /></p>

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