Blanchard out of silver?
Submitted by OregonWendy on Fri, 10/17/2008 - 09:06
Tried to buy some silver this morning but Blanchard is totally out!!!
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IF ture, why don't they just raise their bid?
"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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OK. So if they are out of silver, fine, but then, why don't they just raise their bid? I'd think there should be a price at which the public is willing to sell a lot of silver to them.
Are they willing to raise their bid to that price? If not, why?
government of the people, by the people, for the people
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Bid/Ask spreads tell the whole story
Any time there is a very high demand for anything, the bid / ask spread tightens. This is true with stocks bonds, commodities, options futures, even diamonds. If there were truly a shortage in silver then why haven't the spreads tightened?
I think you have a very good point.
"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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government of the people, by the people, for the people
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Good Point
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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels
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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels
I went
to the local guy yesterday and gold at his shop was $900 per ounce and silver was $18 per ounce. He said in his fourty years he has never seen a paper and physical market like this
How much is he willing to pay to
"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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buy gold and/or silver from you?
That's the question that you should be asking, in my opinion.
government of the people, by the people, for the people
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Silver
There is a ton of silver available but not in small amounts. Industrial silver is rampant. You can buy all the 1000 or 5000 oz bars you want. The problem is consumer demand for small silver is at an all time high. Once the market is able to produce the lager amounts of small bars and rounds the sprd will come back down. Silver could go as low as 7 and may not rebound until this "slow down" is over. I am a silver buyer but also but I dont expect a good return for 2 to 3 years.
We should buy a 1000 oz bar
We should buy a 1000 oz bar and melt it into a thousand rounds and sell them for $4 over spot (like apmex), we'd be rich! lol
Market
Im sure it is on the way... as the edge stays high more will be produced.