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<p>[QUOTE="medoraman, post: 8527427, member: 26302"]I would disagree but slightly. There was a supply shortage early on, premiums went up, and stayed up. Yes, I believe it's mainly demand spike that is unusual here, as it usually is in economic unrest. However, a supply shortage does not mean something cannot be bought, it means it cannot be bought at the previous price. If you have some corn starch at the price it went for the last decade, I would be a buyer for about 25 truckloads. I can buy it for much higher today all I want, but the industry demand has not changed, supply has. Supply has moved it upwards in price, but it's still purchasable for higher.</p><p><br /></p><p>Again, yes demand for pm is up, especially ASEs. The mint could push premiums back down with additional supplies, but are unable/unwilling to do so. So right now it's demand curve moving rightward, which could be offset with supply curve moving right as well.</p><p><br /></p><p>We mostly agree here, so no sense arguing over irrelevant academic points, yet I just did. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 8527427, member: 26302"]I would disagree but slightly. There was a supply shortage early on, premiums went up, and stayed up. Yes, I believe it's mainly demand spike that is unusual here, as it usually is in economic unrest. However, a supply shortage does not mean something cannot be bought, it means it cannot be bought at the previous price. If you have some corn starch at the price it went for the last decade, I would be a buyer for about 25 truckloads. I can buy it for much higher today all I want, but the industry demand has not changed, supply has. Supply has moved it upwards in price, but it's still purchasable for higher. Again, yes demand for pm is up, especially ASEs. The mint could push premiums back down with additional supplies, but are unable/unwilling to do so. So right now it's demand curve moving rightward, which could be offset with supply curve moving right as well. We mostly agree here, so no sense arguing over irrelevant academic points, yet I just did. :([/QUOTE]
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