Gold and Silver shortages are increasing. However the current spot for paper silver is around $23USD. However, PREMIUMS are at $10 or higher per coin.
The paper market price and the physical price are starting to decouple. This is going to be fun to watch.
Hang onto your physical if you have any as this circus is just getting started. These are ebay links. My coin shop in my town does not have any of these coins available at the moment.
Article: Why the Western Banking Cartel’s Gold and Silver Price Slam Will Backfire – And How You Can Protect Yourself from the Blowback
For all intents and purposes, the spot price is equivalent to the fake banker engineered price that cavorts across the ticker on your television everyday. But go to a dealer and try to buy at that ticker price and you will discover that it is a delusional fake price that no dealer is willing to kindly grant you. Instead, when I checked prices on 1-troy ounce American Eagle coins on Apmex last week, there was a 5.8% premium on gold coins and when the spot silver price had fallen to $22.99 an ounce earlier in Asia last week, Apmex was still listing their 1-oz American Eagles at $29.01, a whopping 26.2% higher than the spot price. Only a complete buffoon of economics, like Paul Krugman and his zombie followers, would ever believe that the price of real silver was $22.99 at any point and time last week.”
Precious metals CEO: Physical silver market is “ugly”
“Last week, we turned away business in excess of 100,000 ounces because of stock depletion…”
By now, everyone has speculated on what caused the great precious waterfall which started on April 12 and continued for the next four days.
The factual reason for the biggest gold down days in history will likely remain unknown. In fact, in a sea of unfounded opinions, the only thing missing so far has been an informed opinion on what is really happening in some market — be it the paper of physical, especially in the aftermath of the unprecedented scramble to buy physical, not paper, gold and silver.
So to avoid further speculation, and focusing on fact, here is what the CEO of Texas Precious Metals has to say about the state of the actual physical market, not the one where one can create “gold” and “silver” out of thin air.
The bottom line? “The physical silver market is, in a word, ugly” and more importantly…
There Was So Much Demand For Physical Gold In India This Past Week, Retailers Struggled To Keep Up
Paper Gold and Silver Market Diverging From Physical Bullion
Read more at http://investmentwatchblog.com
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