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overtheedge
Member since May 2012
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THE FUTURE OF GOLD AND SILVER MINING, IN SIMPLE PICTURES

- Andy Hoffman - Miles Franklin

"... And if you do, you’re likely to pay a physical premium at least 50% above the fraudulent “paper price.”"

If we assume the paper price is fraudulent, then why would anyone have a problem with paying perhaps 50% more for hard money?
I would prefer to pay less than spot, but it just don't work that way.
Perhaps the high premium better reflects the price of physical?

Until base metal production ramps up again, better figure on physical silver stocks to remain low and premiums high.
Either pay the price or don't.
Of course there is always the alternative.
When the premiums for silver go up, buy gold instead.

But for all you whiners, crybabies and shallow thinkers, it was only a few years ago we were paying $36, $40, $48 per ounce and there was a premium on top of that.
If its value was worth that much then and we were buying, what changed?
Market perception is what changed. Perhaps fueled by a continuing barrage of article writers advocating a cartel conspiracy mantra.
So what if physical silver is $20/ozt. It is cheaper than it was just a few years ago.
So even if the so-called evil cartel has driven the price of silver down, they have done us a favor.
Or maybe it really is all about the inability to make some serious shekels by speculating with a low, low margin.
I refuse to sympathize with gamblers.
After all, they are trying to do exactly the same thing the so-called evil cartel is doing.

Commented 3136 days ago

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Beginning of the headline :First, let’s get yesterday’s “market” farce out of the way. On a day when European stocks plunged 3.0%-3.5% – buffeted by an exploding immigration problem, a major scandal at Volkswagen, a new low for National Bank of Greece stock – enroute to zero; and news that the U.S. will be basing nuclear weapons in Germany, to directly confront Russia, commodity prices plunged; currencies tanked; the Richmond Fed Manufacturing Survey was an unmitigated disaster; and interest rates plunged as the “odds” o... Read More

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