Thanks to all of you for helping me win my bet...
The other day I was having a debate with a friend about where premiums would
go in the short term -- after the big sell off.
As you know, there has been a ton of excitement about surging demand and
signs of shortage.
Physical inventories have been tight for quite some time, but there has
been inventory out there.
I believe what we could be seeing is a sell down of current inventory with
some dealers (who can afford to bet that prices will rise) selling future
deliveries at or around today's price.
It's a gamble for all, because everyone will have to wait.
And the waiting...well...
As the song goes, "The waiting is the hardest part".
We will soon find out whether this shortage is the real deal -- and soon
thereafter, the trickle down into industrial demand might occur. At that
point, it's a brave new world for all.
Here's a sample of what I received from subscribers (identity protected) in
answer to my query about finding silver below $30 per ounce.
You might even find some good deals yourself!
Best regards,
Dr. Jeff
****
Here from Sydney Australia.
My dealer has been smashed with orders on both Gold & Silver. Long delays
filling orders from one of the major dealers in the city.
We just see this whole situation as more buying opportunities.
Not much Australian Junk Silver around either. 50% or 92.5% Pre-decimal
coins.
Still buying at $30 AU an Oz.
Don't care what the sicker price on the metal is anyway I am just stacking
Oz's for the years ahead.
Let them print as much paper as they like we all know that cream always rises
to to the top just as precious metals will always eventually rise to the top.
The Perth Mint is going flat out here and just cant keep up with demand. 2
weeks wait on 10 Oz Silver Bars.
Anyway Jeff, please keep up the great work as we all enjoy your emails.
Keep stacking and keep the faith. We will win the war. Let the Fed just keep
printing by the Trillions eventually the world will say enough paper and true
wealth will be measured in Oz's and Acres of land.
****
I was quote $23.40 plus a $4.00 premium for American Silver Eagles on Monday
which was a 50 cent increase in premium.
****
I pick up my silver every week at a local coin shop which I found to be
extremely competitive and know the owner personally, who seem to be a genuine
guy.
Anyways, last to last (04/12) week Silver eagles went upto $4.25 over spot
and was quickly gone. All the online places were out of silver or stocks were
delayed. So I went for some 90% Dimes for the week which were going for
$2.33.
Last Monday (04/15) again I went there to check it out and all Silver Eagles,
maples were gone. They were selling the Golden State Buffalo rounds for $3
over spot. which I thought was very nice of them. But they were rationing
them out 20 pieces per person. I picked up some of them and again went in
Friday and picked up few more.
I'm not sure if they are hiding the silver eagles and maples and others and
just have these generic rounds to keep the business afloat. But in any case,
I think at $26 per ounce for a generic round is a hard to beat price and I'm
thinking they probably are taking a mild losses hoping to cover it by placing
a big inventory order at this price.
I do find your emails to be interesting read and informative. Good that you
are staying away from speculations. Some do and I think it introduces anxiety
in the mind of readers and during times like this it tends to ruin the
writers credibility. Just a thought!
****
SOLDOUT!!!
I can't get anything from my dealer in El Segundo and he usually has 5 to 7
tons in stock. He will talk about anything when I go there but now he won't
talk to me at all. He hides in the back room!
I will try to talk with a friend at Golden State Mint on Monday to see what
he has heard and see what they have in stock.
Irreversible Ag Backwardation per Professor Antel E. Fekete?
Maybeeeee.....
****
Just bought $5000 junk silver at $28 silver spot Canadian.
****
I have been buying 10 oz. .999 Australian Kookaburras at Apmex this past week
for around $270 (right now you can buy them for $268.30 which is
approximately $27/troy oz.). The beauty of this coin is its numismatic value
which seems to offer protection from wild fluctuations in the price of
silver. In 2011, I bought many 10 oz. Kookaburras for $296 and now even after
this week's paper derivative rout of the PM's, the 2011 Kookaburra is still
selling for $343.30 at Apmex. I have also purchased many Australian 10 oz.
Koalas in the past. BTW, purchasers of silver this past week apparently
outnumber sellers by more than 50:1.
As to what happened this past week, it appears to me like a desperate attempt
by the U.S. Government to lower the price of PM's. Who else could cover naked
shorts of over 500 tons of gold on Friday 04/12/2013. Apparently, this
bizarre financial activity was done through America's largest financial
institution; none other than JP Morgan Chase Bank. My guess is that the Fed
is trying to make the dollar look stronger before it actually undergoes a
serious devaluation. The central banks globally which have been buying gold
in record amounts appear to be preparing for a major change in the value of
the dollar; 457 tons of Au in 2011 and 589 tons of Au in 2012 which are both
record amounts. China appears actually to be hoarding huge amounts gold and
keeping quite secretive about it. As the world's largest producer of Au and
the world's largest importer of the yellow metal, my hunch is that they may
have over 7000 tons of gold right now, even though the official Chinese
Government statistic from 2009 was 1054 tons. Clearly, China and Russia seem
to be preparing for a new international reserve currency (not the dollar) that
will be somewhat backed by gold. Contrast this to the U.S. which is telling
Germany that they will have to wait seven years to get their gold back!
Sometimes you have to read in between the lines.
Keep up the good work Dr. Jeff.
****
Lexington,KY - LCS 4/20/2013
$25.00 generic rounds- about 20 available
$35.00 circ eagles- but... "none available"... of course,
****
Bought limited supply of rounds and 10 oz bars for $2.50 over spot at local
coin shop Friday. They had plenty of 2013 Eagles for $5.00 over spot. The
shop, which is normally very busy, was dead. Located in FL
****
Silver Bull selling Canadian Silver Maple Leaf at US$28.97 per ounce; spot at
US$23.28 per ounce. That’s a $5.69 premium or 19.6% – a real hosing.
****
Northern CA Coin reported no silver eagles as of Monday, April 15, 2013.
A FRIEND TRIED TO ORDER SOME WEDNESDAY, APRIL 17, AND WAS TOLD THEY ARE NO
LONGER TAKING ORDERS.
The key to the "shortage" though, which I'm not sure is resolvable,
is how many dealers actually have nothing in stock, and how many have a
little, some, or plenty but they won't advertise/sell at paper prices that
are below production cost and/or below what the dealers may have paid.
My guess is that SIlver Eagles are following the shortage/price scenario of
ammo. Ammo shortages started in Nov last year and became acute this January.
There generally is no "common" ammo on the market [in size] to this
day. There are exceptions and occasionally some comes a long but it is
snapped up in a heartbeat. I see prices for "target" 9mm that are
four times what I paid about two years ago—no exaggeration. Rifle ammo
.223/5.56 and .308/7.62 has generally doubled for the good stuff. Cheap
(perfectly functional) .223/5.56 and .308/7.62 in some cases is up even more,
percentage wise. Ranges and some gun shops offer a box or two frequently from
an "off brand" supplier.
Bringing this back to silver, I don't think people will be able to buy silver
eagles in size [say 1,000 coins) at anything less than say $75 per coin
starting very soon.
****
In reply to your request: I found and bought 60 1 oz rounds for $24.05 each.
The 50 oz bars I usually buy were out of stock so I bought the rounds
instead. They were out of stock two days later but since have regained stock.
Feel free to inquire more if you wish. I will look for your return with what
the bet was all about.
****
Hello, in regards to your $30 dollar question, two of the major ebay sellers
had buy it nows for under thirty. One was a generic round for 29.25. The
other was a well known silver round for 29.95. Both offered free shipping. Im
thinking of getting some more pretty quickly or I would give you more
specifics. If you hunt, you can find them right now. That's all I know of
though. Everything else on ebay has been going up towards 35 dollars an
ounce, that's with shipping.
****
full blown shortages at the major dealers - statements like we are not
selling anything until "everything settles down."
****
Some "deals" below $30 at Kitco and APMEX, but gone as fast as they
come up. Saw "old" 2008 Olympic Maples Leafs for $25.52, but by the
time I contacted a friend to discuss getting some, they were gone. Mark ups
on Eagles and Leafs are $4.99-6.00+. Plus, Kitco isn't shipping much of
nothing TO the US. Most of their good stuff is shipping only outside the USA.
****
Just seen that Provident metals has the Silver Eagles under 30 that does not
however include shipping. Here is the link http://www.providentmetals.com/bullion/silver...lliant-uncir...
Cash price is 29.78 with the price from Kitco Kast 23.29 troy ounce.
****
No problem with my dealer of 25 years.
was able to order 1oz rounds at $1.50 over spot and Mapleleafs at $2 over
spot
Eagles at $2.50 over spot in 100coin lots.
This was on Tuesday with silver at $23.40.
****
AMEREX $29 bullion bars
****
Yes, I have noticed a sudden "out of stock" on many of the items
and/or a notice that they will not ship until after the first of May. I have
not compared exactly, but my recollection is that the premiums have been
tweaked up as well. Yet, some or nearly all of the special collectors items
that probably have a very high mark up and a slower turnover are still
"ready for shipment." I am looking from the outside and others, as
I, are shopping to buy when the silver spot is down. Still it is very
suspicious to me. Check out Gainesvillecoins.com and see what I mean.
****
in west Seattle the price was 23.26 plus the charge came to 25.28,
I was getting one, they went in the back to get it, since most are sold out,
it is getting slip pickings, mostly Indian heads.
this was dated 4/19/2013
****
I bought 2 100oz bars on Monday for $2427 each from APMEX.
****
Local shop I deal with (not to buy or sell though) is still selling at spot +
$4 but they have no stock and are 4 weeks out minimum to receive more. The
catch is if you want to lock in that price you have to prepay.
****
You can easily buy silver under $30 dollars at the NWT mint in Federal Way,
WA. I live about 20 minutes away from the mint...
It says online that it takes 8-10 weeks for delivery, but what they don't
tell you is if arrive at the mint in person, and buy it right then, you can
get whatever they have "extra" of in stock that same day. You may
not have access to many of the coins online...but you can always get
something. I guess they must hold over some for in person sales. Usually its
PanAm silver that you can always get. (However I must admit I have not been
there this year, but have been there on other occasions during so called
"silver shortages".)
And the guys who answer the 1-800 number don't work at the mint..so they
don't actually know you can do this.
****
Have bought 90% silver coinage on Ebay for 25-29/oz... need to be patient and
bid smart though
****
I went down to my coin dealer the other day and when I got there he only had
about ten half dollar Cdn. junk Silver coins left along with a goodly amount
of numismatic coins which I don't buy. He had no gold coins and no maple
leafs or anything else. I was shocked. Within ten minutes his business
partner walked in carrying an obviously heavy box. Lo and behold he had just
purchased 400 "Wood Bison" pure silver coins from someone and I
promptly bought 100 of those. If I had the money I would have bought them
all. Silver was at about 23.65 at that time and I paid about 31.65 (8 over
spot) but the wood bisons are about a buck more than Maple Leafs. I felt very
fortunate to have been able to get them. That's the first time in dealing
with them over the last 4 years where they were essentially cleaned out. I
felt my timing couldn't have been better.
****
I found some 1 oz buffalo at JMbullion for 25.06 an ounce last week.
****
I buy from tulving. They appear to be fully stocked on their gold, but have
practically 0 silver inventory.
My impressions are that their premiums have not changed....
Love your stuff!
****
in answer to your email, the places I have checked are asking 30% and more
above spot for silver eagles
****
Yes,
I have found silver selling for around $25 in 100oz bars that is available
and in-stock, although much of the 100oz inventory is delayed or currently
sold-out.
I have been looking since last Thursday morning and have found nothing under
$30. Even the pawn shops are running between $30 and $33. Apparently the
spread increased dramtically after the "crash".!
****
I should have added. Those JM bars from Apmex were that price "PLUS
shipping." So depending on what you ordered (especially it were less
than 5 ounces) the prices were still above $30.00 each total counting ship.
My 90% was a one time very small deal, and I actually miscalculated /
misspoke a little in my first email. While it was a good deal it was not
under $25.00 / oz it was a little over.
Bottom line, most if not all "physical" silver out there IS selling
for $30.00 / oz PLUS!
You should win your bet whatever it was.
****
I buy me bullion from a local coin shop at a premium of $2.50 over spot. I go
every month and the last time I was there I could only get about half of what
I normally get because they were out. They only sell what they buy from
others and they said no one is selling now.
****
I just bought silver rounds from Silvertowne at $26.10 per oz, with free
shipping! They warn that “shipping times may be longer than usual,” but they
say these rounds are in stock, along with other bullion coins and bars
http://www.silvertowne.com/p-11780-silvertowne-trademark-poker-chip-1oz-999-silver-medallion.aspx
****
I wanted to buy several hundred 10 oz silver bars but my usual dealers APMEX
and Gainesville Coins both list alll of them as "Out Of Stock" on
all except a few rarer ones priced from $31 to $41 per ounce. This is pretty
much true also for all of their 100 t.o. bars. American silver eagles of
course are way overpriced.
I've got a PM IRA and so pulled out 4X my Required Minimum Distribution
(about 3000 American Silver Eagles) on the day silver was about $23 so I'll
let the government take the loss on that transaction in taxes I'll have to
pay. If the price of silver and gold remain low or get lower I may remove a
lot more silver or gold before the end of the year. I'm basically buying gold
and silver from myself.
****
Hello , I'm from Calgary , Alberta Canada and recently purchased silver @ $
25.75 per oz. however have to wait 3 weeks for delivery.
****
I just put an order in from my supplier in Oceanside,, CAL. He ran low on 1/2
oz rounds but is still able to fill my order. Giving out his contact info
wont happen though, I dont want him to run out. God Bless,
****
With a paper trail, I like BullioDirect.com. They have a catalog and an
exchange for trading, and all seem to be under $30.00. Very high premiums
though. Won't touch silver at those premiums. Gold seems to be the better buy
at this take down. Premiums around 4%.
****
local stock of ag rounds low. 30 plus price.
****
jeff i just bought ten ounces for 220 euros
I dont give a mokeys if its dropping , I see it as a good time to buy as I am
in for the long haul.
All my stash will be going to my son
****
Chinese Panda coins 2013.....good to buy or not? As investment.....the
premiums are 6:25 an oz. Or stay with Maple Leafs or Eagles?
Delay means what? If ordered do I get the daily price even if the item is
backordered? All under 30 but have high premiums to keep the price around the
29-30 range.
****
just ordered 30 ozt of Silver (in 10ozt bars) and 1ozt of gold (in 1/10 ozt
Gold Eagles) from APMEX.com. they have everything in stock.
****
After a lengthy search friday night I have found one dealer selling silver
eagles for over $25. This is the absolute lowest I've seen. Instead of
ordering on line I will call them to verify that price. It just seems to good
too be true.
****
I always deal with the same guy, I bought 200 junk dimes last week; he had a
decent supply of junk dimes and quarters. Very few Eagles. A large amount of
numismatic coins.I shopped before last Friday's takedown, so I don't know if
he is selling for under $30; his policy was $2 over spot.
****
To help settle your friendly bet, try here:
https://www.store.firstmajestic.com/product/list/category/11
This is the only place I was able to order rounds this week, as Sliver Gold
Bull has an insane spot+ price right now, and most other Canadian dealers are
out of stock.
Enjoy the newsletter, keep up the good work !
****
In Holland I am buying Silver Eagles for € 22,50 on the Dutch variant of
Ebay.
Interesting is though that all old Dutch 72% silver coins older than 1966 are
sold out at the dealers since last week.
Keep up the good work.
***
Locals are not selling for less than $30, inventory is on hand, but premium
spreads have increased to make it $30.
Charlottesville, VA
****
yesterday I bought 10 oz on ebay at 29.10. silver town seems to have junk for
under 30.00. thursday i bought 12 rolls of half dollars for 28.00, now sold
out
****
I just purchased some silver rounds for $26 at my local coin dealer here in
South Dakota. He told me he only had about 300 1oz. coins left and that it
would be a month before he gotten any more inventory in. Checking on-line at
various sites a lot of them are stating either out of stock or stock delivery
delayed.
****
I live in Toronto and can get an ounce at 27.51 Canadian today. Hope this
helps!
****
High premiums – and no bullion. $33 for eagles – If you can get them $28 for
simple bars
****
I buy from the Northwest Territorial Mint. The price is spot plus $1.50 per
ounce for their rounds with free shipping if you meet the minimum
requirements. However, there is always an 8 week or so shipping delay.
****
http://www.silvertowne.com has 1 oz and fractional coins and bars in stock.
Bars ship free. Best prices that I've found for silver bullion.
****
How are you ? Hey , I have several Silver Depository Accounts and at this
time, I have been buying my silver from Silver Saver for a few pennies over
spot. Of course when you go to take delivery there is a bit of premium
depending on what you order but still wayyy cheaper than what is going at my
local coin dealer, eBay, APMEX, Monarch, etc. They're all over spot by at
least $7 or so from what I'm seeing.
With the Silver Saver accounts of course you have to have at least 20 oz in
the account in order to take delivery. Again , this is the best that I've
seen out there, just got 20 oz out last week from the depository in Delaware
and it was 5 oz 2012 Silver Eagles, 5 oz 2013 Silver Eagles, 5 oz 2012
Canadian Maples, 5 oz Buffalo Rounds for a premium of about 1.95 oz or about
$45.90 and if you divide that into 20 oz that comes out to about $2.30 per
round over spot including shipping so that is still under the $30 premium the
other guys are asking. Actually it was $25.84 per coin and round at a closing
price from Silver Saver of $23.54.
****
I called Kitco yesterday since their website still had Eagles listed for sale
here in Canada. The guy told me they would not take my order as they were
completely out. I only wanted 100 of them. It really seems different this
time with the shortage, I guess we'll see in a couple months.........
****
I am finding 1, 5 and 10 ounce trademark or poured bars from Silvertowne@
$26.22 per ounce and quite a few with free shipping. I have dealt with them
before and have been completely satisfied.
http://www.gainesvillecoins.com/products/163394/2013-1-oz-silver-canadian-wood-bison-wildlife-series.aspx
Gainesville coin has some inventory below $30 but they seem to be out on a
lot of stuff.
****
Doc-I have a local dealer here in Mass. that still have plenty in stock below
30. Let me know if you need any other information.
****
I am not finding any junk silver locally here in Houston at all. Some on the
internet at high premiums. Found silver Maple Leafs on Thursday at $23.80 +
$5.50 for quantities over 500 locally.
****
Bought 10 ounce bars and 1ounce rounds at $24 per ounce last week in Canada
****
I cannot get any Physical locally here near Winchester VA
****
Found junk silver at Silvertowne. Purchased $50 FV for abt $1,000 – the best
price I’ve seen online and via credit card, others much higher. 10 day
delivery times. Many other items out-of-stock, e.g. Canadian maple leafs,
long delays on US silver eagles. Prices on EBAY as usual excessive.
****
Select coins are $4 -$4.50 over spot for select coins (Silver eagles etc.)
They ran out of Canadian Silver maple leafs etc. US gold Double eagles $65
over spot, $Gold Buffalos $70 over spot, Canadian Maple leafs $45 over spot –
which represents NO increase in price since I’ve been buying for the last
year or so from them.
Apmex still seems to have plenty of junk rolls at prices similar to before
the knockdown. They have plenty of semi-numi rolls at stiff prices.
MintProducts will sell junk mercury dimes and standing lib quarters at a $20+
discount to Apmex rolls when they have them but that price breaks down to the
same price per coin when you bought a $100 bag from Apmex, so Apmex added a
big premium when you bought rolls, although they did come in a plastic or
paper roll marked with what they were on an Apmex label while MintProducts
just sends them loose in a plastic Baggie.
I predict you will see junk coming back on the market massively when silver
hits $40 again. There are plenty of people out there looking for a short term
profit. I (or my children) plan to hold mine closer to the $100 level. Ha!!
****
My local dealer (coin and PM shop) here on Long Island, NY is short of all
silver products. I do my buying on a bi weekly dollar cost average basis (I
don't try to hit the highs and lows or market time... slow and steady
investing has served me well) so I'm a regular customer and get great prices
and special deals. This week he only had culled ASEs, about 20 2013 ASEs (he
was limiting folks to 2/per for graduation season), some junk silver (halves
only and a few dollars), and a 100oz bar. A lot less inventory than usual. I
don't think he was holding anything back from me.
All products were under $30/oz with the premiums. The ASEs being the most
expensive and costing $28.50 /per with premium. He offered me the 100 oz bar
for $2550 but that's more than I can spend on my PM investment program.
Really wish I could have picked it up!
I half wonder if the "shortages" at the big dealers is really them
pulling products off the market until things settle and prices recover a bit!
There's only so much they can make up on the price drop by boosting the
premiums over spot. Buyers aren't stupid. The "premium" isn't meant
to be a price protection for the seller that gets caught holding products in
a down market as some of these dealers seem to think.
A local buy and sell shop I stop at now and then has no junk silver in the
showcase as he usually has. When I spoke directly to the owner where it was
he told me he can't sell it now.... he'd take a bath! I wonder if the
shortages we're seeing with some of the major dealers are for a similar
reason?
****
I have ask but i can,t get any coin for less then 29.50 but if i can give
them a week or so i can get them for 25.oo if i order more them 100 oz. but i
have to give them my money now I don,t like that game
****
I was fortunate to find 39 Mexican Liberdad coins at my local Banco Azteca in
Mexico. Price = 349 Mexican pesos each. Just under $30!
****
I found 1oz silver bullion bars from Scottsdale Silver at $26.50 per ounce.
They come in ten pack sleeves. Got 40 ounces for $1,060.00.
Yes. My Canadian coin dealer still has inventory at 29. For 2013 Maple Leafs.
Inventory is lower than usual but still available.
I buy silver from Northwest Territorial Mint. No mark-up change... they
always charge a premium of $1.44, pay for shipping and insurance but delivery
is "always" 3+ months out. Long wait but the price is absolutely
the best!!
****
Yes, im still able to get at under $30 from the Gold Reef Mint in
Johannesburg, South Africa
Gainesville Coin down here in Florida for 90% silver coins is spot plus $5.99
which at present works out to $29.38. The $5.99 over spot seems to tell the
story. The same item 2 1/2 yrs ago was $ .39 over spot. It then jumped to $
.89 and has continued the climb. Generic bars $1.39 over spot but all out of
stock.
****
Seen a little bit of bullion below 30 on Provident’s site,….. but very
little. No Eagles what-so-ever.
****
ASE's for $30+, but other bullion for less over spot.
Thanks for the newsletter. I enjoy it!
****
In reply.
Yes, silver eagles were selling for $29.79 ($6.00 premium) yesterday at one
dealer in Salt Lake City. The only other dealer I could locate who had any
stock on hand (said he had 6 or 7 eagles on hand) wanted $33 for each
(approx. $9-$10 premium).
I did not inquire about other forms of silver (junk, bars, rounds).
****
Yes, saw prices below $30 per ounce but most items frequently out of stock.
Furthermore, last month, an order of a very few 1/10 coins took almost 6
weeks to arrive!
****
I recently bought silver Maple leafs at Apmex for $30 and bought rolls of
Roosevelt dimes for $29.80 oz $105 roll at a local coim store. Hope this is
helpful
****
I live in Perth Western Australia. I can go into our Perth Mint & buy as
much Silver & gold as I want. It only takes me 15 minutes to drive there.
I hope that helps!!!!
****
On Monday, April 15th, I bought a 10oz bar for $270 CDN and 5oz @ $29 CDN
each,
from my local coin dealer, who was willing to sell, while others in the
region,
apparently, were claiming to be "out of stock" to avoid dropping
their
prices/premiums.
****
1-oz silver bars $27.84 and 28.13 that's Canadian dollars.
****
Not finding much, the local dealer had 8 rounds I was able to pick up on
Wedneday for about 27 an oz after taxes. He had some Eagles for 33 a piece.
That's all he had in the way of pure, he had some 90% silver dollars in the
33 dollar range. Only reason I was able to get the rounds at that price is
because he bought them from some schmuck a couple hours earlier for 22.50 an
oz.
****
Yes, Kitco is selling 1oz silver coins (Aussie Koala) for as low us $27.04,
Maple Leaf for $29.89, American Eagle $28.89, Kitco Rounds $25.64
See https://online.kitco.com/bullion/completelist_USD.html
****
No shortage of silver coins (except for dimes) here in NH. Premiums have not
inflated.
****
The two major coin dealers in my town are at $7 dollars over spot. One has a
little silver and the other is out and has to take orders. Charleston, SC
****
just bought 1 oz. silver ingots for $27.41.
****
Very am finding little if any junk or silver bullion below $30.00 -
however... there are a very few deals on ebay for junk silver that can be had
for $30.00 or below if one catches the right auction at the right time, but
that certainly is Not the norm... I saw one auction selling $10.00 face for
$455.07 OBO that also is not the norm - but high (over 31-33 range) asking
prices for physical junk, it seems, remains the norm... regular dealers i.e.
Apmex, Kitco are getting a minimum of $31.40 + per toz (generic or their rounds)
+ a hefty S/H... the Canadian Mint is charging and arm, leg and/or first born
for their silver... have some numismatics but just a small %...
BTW, I Don't buy stock, ETF's and the like, only the physical variety... it's
crazy out there and crazier by the day, but still, all things considered,
believe I will buy just a bit more while the getting is still good...
additionally, IMHO, even if paper silver continues to go down even lower,
this will not lessen the price of the physical silver people are buying - as
the overall faith of paper is eroding faster these days, for some some people
- the proverbial light has turned on, rather brightly it seems... any bets /
thoughts on when the vast majority of physical silver will pan out (only to
be held by the informed few...???)... and how many ounces of gold ETFs' were
converted to physical just in the past few days...??? if memory serves -
tons... it's going to be and has been one hell of an interesting ride... as
someone has stated "want gold? buy silver"... I can dig that...
appreciate all your words of wisdom... and continue to enjoy the Lewis and
Mariani Silver Letters...
On an added note, think most are sheeple, and like horses one can get them to
the watering hole... baa, baa, and what are we doing here...??? :-))) Doc
have a great weekend...!!!
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APMEX has canadian wildlife coins for $29.89 in stock. that is the only place
I have found silver under $30
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Jeff you know that silver premiums are very high now, even on 90% silver
currency. I have placed orders
for American Silver Eagles and Canadian Maple Leafs; both are on back order.
The last I saw ASEs are on backorder at Gainesville until 5/15. Even with the
low spot price, I dont see premiums going down much,
or none at all. I also buy gold and all the fractional coins appear to be out
of stock. Some of the 1oz bars are
out of stock. 1 oz coins do not appear to be an issue, yet. I like low
premium gold coins like the Hungarian 100 corona
and the Mexican 50 peso centenario coins.
I am not worried or all or deterred by the low spot price of bullion. It just
presents more buying opportunity.
The only problem now is the supply. But the supply and demand issue will help
bring the prices back up.
We must continue to accumulate bullion as a safe haven, no matter what the
pundits and experts say. I don't believe any of it and have fears for what is
going to happen.
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I am in singapore and I got mine at ard usd 24.5 at my LCS for a 100 oz rcm
bars. But supply for the popular 1 oz coins are definitely sold out or in
limited supply. Delivery time are as long as 2.5 months now.
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Thanks for the great articles and keeping us up dated on silver.
I was able to pick up silver maples for 28.25$ oz but with in hours of my
purchase there website indicated they were sold out of maple and eagles. That
was through Silver Gold Bull in Calgary Alberta Canada.
Hope you win your bet!
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It isn't hard at all to find silver below 30.00... just about everything on
providentmetals.com is under 30 an ounce..... They're on back order...but it
can be ordered. Silver buffaloes for just over 25/ozt.
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Hello Dr. Lewis- wow things are nuts. Per your request, I have two sources
where I procure phys from. They're very reputable sound money folks- I'd considered
them not-average lcs, they are under the radar ie non known, but do lots of
business to regular folks.
These are prices as of 5 minutes ago for 1 of them
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Hi. here is where I have bought my silver
-http://silvergoldbull.com/silver-bullion-1/coins. As you can see some deals
are under $30.
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Local shop I deal with (not to buy or sell though) is still selling at spot +
$4 but they have no stock and are 4 weeks out minimum to receive more. The
catch is if you want to lock in that price you have to prepay.
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You can easily buy silver under $30 dollars at the NWT mint in Federal Way,
WA. I live about 20 minutes away from the mint...
It says online that it takes 8-10 weeks for delivery, but what they don't
tell you is if arrive at the mint in person, and buy it right then, you can
get whatever they have "extra" of in stock that same day. You may
not have access to many of the coins online...but you can always get
something. I guess they must hold over some for in person sales. Usually its
PanAm silver that you can always get. (However I must admit I have not been
there this year, but have been there on other occasions during so called
"silver shortages".)
And the guys who answer the 1-800 number don't work at the mint..so they
don't actually know you can do this.
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Have bought 90% silver coinage on Ebay for 25-29/oz... need to be patient and
bid smart though
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