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Demand for Physical Silver DIVERGING from Spot Price in 2013 ?!

Is Drutter on to something ?

Demand for physical silver DIVERGING from spot price in 2013 ?!

Definitely worth considering and to ponder about, IMO :

(Fast forward at mark 3 mins 50 secs, if you're in a hurry)

http://www.youtube.com/watch?v=-09nHJdB6MI



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Another interesting thing...

I've been watching eBay's completed listings recently - as it is a decent reference for market prices (as it truly shows what someone is willing to pay).

For a while, despite the $28 spot price, generic rounds were selling for $35-42 CONSISTENTLY. Not a single coin/round/ingot was going for spot. This shows a huge discrepancy in 'spot' vs 'market value'. 2012-2013 uncirculated eagles were actually selling for $50-58 with several bids.

Just another one of those things that makes watching silver more and more interesting.

Cyril's picture

Very interesting, thanks for sharing.

Very interesting, thanks for sharing. Have you seen this I posted recently:

http://www.dailypaul.com/275438/diy-data-mining-silver-coins...

(basically shows a 25% increase in volume of silver coins, traded over eBay.com only -thus WITHOUT eBay.fr, eBay.de, etc- between, roughly, Q2 2012 and Q1 2013, over 90 days periods separated by 10 months ... and in the ballpark of 290,000 to 350,000 troy ounces ... that'd be ~ 1.5 million ounces over a year, extrapolated)

?

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

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Cyril's picture

Thanks for the update. I'll keep an eye on these figures, too

Thanks for the update.

I'll keep an eye on these figures, too, from now on.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Can anyone find an ounce of silver for spot?

I would buy it.

For fine silver, the best

For fine silver, the best I've managed is $2 over spot. $4-$6 over spot is becoming much more normal, unfortunately.

SBSS

Chris Duanes Silver Bullet Silver Shield series are 2.99 over spot last I checked.

Ron brought the Liberty movement together, Rand is expanding the crap out of it! :)

thats high...

thats high... i pay a buck over spot. local shop.. first name basis. cash for metal... best way to do it.

Think for yourself......Question authority...

I do

I get my Mercury dimes for spot price.
I don't get any other forms of junk silver at spot, but they like me a lot a my coin shop.
I am known to just drop in a buy 1 - 10 dimes at any time.

Ron brought the Liberty movement together, Rand is expanding the crap out of it! :)

I had a bizarre experience.

Got offered less than 1/4 spot at a local dealer. He had none for sale. Said he could not pay spot because the price was tanking. I am thinking he is straight up hoarding whatever he can get. It is really odd to risk the reputation of your business on trying to rip off a local, even someone new in town.

Love or fear? Choose again with every breath.

lmao... that dude is crook.

lmao... that dude is crook.

Thanks for posting

Thanks for posting