Posts

Where did all the silver go ?

avatar of @goldrooster
25
@goldrooster
·
·
0 views
·
2 min read

Dear Investors,

I have only a 8 year history with gold and silver but in these 8 years I have never experienced what I am seeing the last half year. It could well be that there is a real physical silver shortage and companies that require silver in their production processes (for solar panels and car batteries for example) buy all the silver there is at prices we do not know but must be well above market spot prices.
The above is the only reason I can think of for what we see in the coin and bar market: There are no coins nor bars available except a few 1 ounce coins. Meanwhile professional parties say the 100 ounce bars are available still plenty but as said this silver is not being used for bullion coins and bars.

And coins that are sold have premiums much higher than normal and longer delivery times.

The US Mint for some unclear reason did not sell American SIlver eagles for a period of months and increased the premium for resellers from 2 to 8 USD !!!

When I wanna sell a 1 ounce Maple leaf here I get 28 USD which is 2 USD above spot. The real physical silver price is higher than the (paper ) spot price.

When the industrial demand remains high and countries like Mexico and Peru cannot step up production there might be real shortage and prices will spike. I agree that industries should get the silver first as jobs depend on it but clever players - liek us on hive - make sure thay buy a little physical silver now. CAnadian Maple Leafs are the ones I would buy as they are cheapest and still available.

We will see what happens or not!

Goldrooster (owner of a considerable amount of silver already)

Posted Using LeoFinance Beta