Party is just Getting Started
by Lawrence M
The current economic situation is bleak at best. Paper markets are creating distortions in the physical..
The issue I find most fascinating, supply ! On one hand, we have the dealers talking about tight supply & long delivery times. On the other side of the coin, we have the people who say there are a billion ounces of above ground (investment grade) silver and filling order are not a problem. Why is the Perth Mint working like crazy to get coins minted? Why does Canada & specifically the U.S. Mint continue to release information about not having the blanks available?
The spot price continues to be flat or even move lower, but premiums are going higher.. Hmmm
Who do you believe? I believe what I see. Most all dealers are issuing notices to buyers w/ respect to "longer than usual" delivery times. Silver is getting a little harder to find..
I find it hard to believe that the spot price of silver will stay at around $24 or lower for any significant period of time. Once these banksters get enough physical at a discount, shake out the weak, they will allow the price to creep back to sustainable levels.
Eventually, interest rates will rise and so too will the dollar price of physical precious metals.
Although physical investors make up a smaller percentage of buyers versus industry, the spot cannot stay this low for an extended period of time. I'm thinking the mining companies cannot produce at such suppressed price levels.
Demand for the white metal has risen dramatically since April 12th, 2013 & will only continue!
The main street is trying to paint an ugly picture when it comes to the time proven winners, SILVER & GOLD !!
I'm afraid (for them) it's not gonna work! Keep Stacking!