Howdy folks,
Very interesting. We're nearing the end of the rebalancing period [read: 15th] and so far, it hasn't dented the price. There seems to be a run on physical silver across the spectrum. From what I'm reading, industry is trying to lock up supplies, while the sovereign purchases continue with the debasement trade, and throw in the Powell prosecution . . . are all driving more people to the mattresses. That's hitting the retail market. Apmex is listing $88.99 as spot and $100.98 for an Eagle. The divergence between the paper price and the real price is widening. Here's a quote from Liberty Coin's FB page from 27hr ago.
"Be careful out there. Gold and silver prices are very strong in record high territory this morning. As of a couple minutes ago, here were the bid and ask spot prices at which Liberty Coin Service was calculating its buy and sell prices for physical precious metals products:
Gold: bid spot price $4,615.75/ask spot price $4,623.50
Silver: $84.91/$85.80
Platinum: $2,322.00/$2,357.00
Palladium: $1,852.00/$1,891.00
Already this morning Liberty Coin Service has been besieged by customers looking to purchase bullion silver. Apparently, Liberty is one of the dealers in America with more silver inventory in stock than most, but supplies for immediate delivery are starting to run low."
This is a pretty good read for mainstream media. BTW, the gold/silver ratio is 1/52.
https://finance.yahoo.com/news/gold-silver-surge-as-assault-on-fed-sparks-rush-to-precious-metals-151113516.htmland so it goes,
peace,
rono
Comments
Appreciate the timely update. Been wondering about all of it.
OJ