Silver Fixed price is on technical floor support level. WATCH IT CLOSELY! if it goes down below this level we could be going down to $7. if it holds support we will be seeing $12 again soon and then higher. it looks like it will hold support as the fixed price is up to $11 again so the fixed price should follow it up.
Silver 15 Oct $10.92 fixed price
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I can't find any junk silver
I can't find any junk silver either. I just heard there is a run on safes. I wanted to get one for a customer of mine and they were sold out. Looks like lots of people are hording metals and taking their cash out of banks.
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"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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http://www.mjpm.com/silver.cfm
government of the people, by the people, for the people
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Northwest
Screw Ebay, Northwest Territorial Mint has silver one ounce rounds from 10.39 to 10.89 depending on how much you purchase. 50 ounce minimum. Free shipping.
http://bullion.nwtmint.com/silver_nwtmintbullion.php
According to this link, today's low was $9.06.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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http://www.kitco.com/market/
government of the people, by the people, for the people
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Try to buy it
Try to buy it for less than $13.90. That's the best price that I can find. And that's ten ounce bars on delayed delivery. There is no junk silver available. I do not know what to make of it. You would think someone would be taking delivery on the COMEX and fabricating bars for commercial sale like crazy. What is up with the disconnect between futures and physical prices? I have read many explanations, but none of them make sense to me.
Want me to make sense of it for you?
Jive, the disconnect is a matter of time.
The real demand for physical silver is very new. It's only been around for a few months, since silver took a plunge.
Silver is a commodity that is not easily divisible...it's not like wheat or crude oil where you can buy a drum and sell one gallon at a time. If you buy a 50kg bar of silver, and you have 500 people who want to pay you for 10oz of that bar, you can't just cut the bar into 10 oz pieces and sell it off.
It takes time, and it takes money to melt down that bullion, mint it into small pieces, and sell it off a little at a time. It's not something that you can do overnight.
People on the Comex are buying and selling massive amounts of bullion that sits in vaults. They might buy a load today, but it takes a while if they actually want to take delivery of said load, and then they have to melt it down and mint it.
The real physical demand started to pick up in the summer, and many mints began to churn out small bullion and coins, but the demand has reached a fever pitch recently, and I don't think they anticipated this huge demand. Eventually, the mints will catch up with the panic buying, and the market will be flooded with all the 1oz bars you can handle.
There's a massive profit motive for mints if they can buy silver near the spot and sell it for a 30%+ premium. They will happily meet the demand.
What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!
http://www.youshouts.com/index.php
problem is there is not
problem is there is not enought silver to meet demand..
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
sorry jz but silver is
sorry jz but silver is highly divisible.. it comes in all weights! and sizes..
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
Silver is easily going to $7
Silver is easily going to $7 oz. And to think that in March, when Silver was at $20+ oz and heading up, all the laughter one would have received had they commented that silver was going back to $10 oz., or that oil was going to $70...
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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
laughter? How about attacks?
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
government of the people, by the people, for the people
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The Dollar Will Be Strong Temporarily
but not for long. Hard to imagine silver hitting 7 during that period, but I suppose anything's possible.
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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels
_____________________________
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels
Probably not going to $7
Look, i'm as bullish about the dollar as anyone in here, but $7 silver streches the imagination.
There is a huge demand for small denomination bullion right now. It probably won't wane anytime soon. This means that the demand will be high in the mercantile exchange because the mints will rush to meet the demand.
You may see gold ease up a little, but don't expect to see silver at $7/oz.
What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!
http://www.youshouts.com/index.php
Ok, I know it is about long term
but what is the reason for the current gold and silver nosedive again? Is it because everyone is selling off PM paper, physical or both? The dollar is skyrocketing because other world currancies are tanking? It is enough to give one vertigo.
does not make any difference
does not make any difference unless you are trading paper silver.(futures or options) the physical market is not the spot price! the spot price can go to 1.00 an ounce and I would not care! most silver is going for around 20.00 per ounce.. physical that is!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
buy it and save it
don't buy gold or silver to sell when it hits $20 or whenever. Buy what you can afford and put it away...put it away like you would canned goods before a hurricane. Put it away because if we do go all "Weimar Republic," that one pre 64 quarter will still buy a loaf of bread while, in federal reserve notes, you might be hauling in your wheel barrel.
Gold / Silver Ratio Tops 80 to 1
http://seekingalpha.com/article/99720-gold-silver-ratio-tops...
With all the gasping and panting recently, it might have been easy to miss the milestone reached in the metals market. The gold/silver ratio has made new highs. The early London fix on Friday had the ratio at 78-to-1; by midday Monday, the ratio had climbed to 81-to-1.
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
and if you have gold its a
and if you have gold its a great time to swap gold for silver.. that is if you can find it!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
Interesting!
Freedom brings People together
Ron Paul was right
i would think so...
amazing...
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Disconnect of Paper Price and Physical Price Happening Now !!!
...In A Big Way...
the Spot prices of gold and silver are disconnecting from the physical price in a big way. even though Silver and Gold spot prices have dropped, i cannot find where the actual price for delivery of physical bullion has dropped.
Silver lowest price i can find = $13.49 (you have to buy 75 or more) @
http://bullion.nwtmint.com/silver_mapleleaf.php
...otherwise, per piece price is over $13 and most of them are DELAYED deliveries.
...same with gold...
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Take a look at the prices that coin dealers are
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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willing to pay to buy silver rounds and bars. Personally, I don't see big disconnect.
In my opinion, it's not right to judge this by looking at ASK prices like you did. Shouldn't you look at BID prices?
government of the people, by the people, for the people
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From what I see the price of
From what I see the price of silver IS following the spot price. If you look at kitco's quote page they clearly spell out what the spot price refers to:
"The quotes on this page are relevant for trading precious metals in their pure STANDARD EXCHANGE APPROVED BAR form. Fabrication costs for various precious metals products are not included."
The Standard Exchange Approved Bar is a .999% pure 1000 oz. bar.
So if we look at the prices of Standard Exchange Approved Bars of .999% purity of a weight of 1000 oz. it is found to be available at a price VERY close to spot.
Here's a couple:
Kitco, based on $9.38 spot price, has 1000 oz. bars for $9.68/ oz.
https://online.kitco.com/bullion/completelist.html
NW Territorial Mint has 1000 oz. bars for $.60 over spot.
http://bullion.nwtmint.com/silver_bars_1000.php
Apmex has 1000 oz. bars for $.59 over spot.
http://www.apmex.com/Category/860/Industrial_Silver.aspx
Comparing the price of a one ounce MINTED coin to the spot price is absurd, much the same way comparing the price of Gasoline to the price of Oil is absurd, as there's the big ole refinery in the middle of the two. During Hurricane Ike many places saw the price of gas at $5.00 gal from around $3.50 prior to he hurricane, yet the price of crude only increase modestly. Many places were reported to be running out of gas, but there was no oil shortage. It was because refineries had shut down prior to Ike. There was a Gasoline shortage, not a Oil shortage.
Currently there is a MINTED PRODUCT shortage, not a silver shortage.
The Silver "Bugs" that have long predicted a Silver shortage are using this MINTED PRODUCT shortage as a tool in their "I told you so" campaign.
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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
I agree and I also think it's a mistake to look at only ASK
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
prices in this discussion. They can ASK whatever prices they want, but the real question to me is: how much are they willing to pay to buy?
Like someone else said, I also don't notice bid and ask spreads narrowing, therefore, I don't think demand isn't really heating up, in my opinion.
government of the people, by the people, for the people
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There IS a high demand for
There IS a high demand for Minted products, but this high demand is based on EMOTION, and emotions often reverse quickly. The dealers understand how it works, thus their low bid prices.
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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
Good point. So, they think the high demand is not likely to
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
last, I guess.
government of the people, by the people, for the people
---
watch...
bump
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
I happened to notice when
the spot silver price dipped down to about $9.80 so I called a coin shop to see what his junk silver prices were. He is charging 11 times face value for any amount less than a bag. He said that he didn't have much on hand, but that he had 4 bags en route.
please read....
http://jsmineset.com/cwsimages/Miscfiles/6636_October1008Gol...
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
Down $80.00
Down $80.00
Silver @ $9.50+ down
Silver @ $9.50+ down $2.20+!
Gold down $50
How?!