User 282947

Premiums Paid for 100 Ounce Silver Bars

If there is plenty of gold and silver in large bar form, then why has it taken so long for the middlemen to arbitrage this discrepancy in price, refine and produce smaller bars and make a decent profit. Mints and bar makers have been in the business for years and are supposed to anticipate these opportunities and get the product to market quickly. This shortage has been going on for more than a few months already and in silver's case perhaps longer. Another oddity...before the Y2k scare the US mint had no problems increasing production many fold. Demand was brisk and there were no shortages What's going on this time? Looks like the mint has been told to put up or shut up by the PTB. The physical price is finally beginning to divorce itself from the phoney paper price.

Warren Worship

I could'nt agree more. Everytime someone wants to "talk his book" he brings almighty Warren Buffet into the argument, like the guy is always 100% right, the argument goes:"he's buying so you must buy" Baloney. He may have beaten the markets over the years by selecting stocks better than most people, but he's no better than any other person in gauging the net fallout of the subprime crisis. That's a monetary issue, and for a guy who bought silver and sold before it even began to move up, I would say Buffet may actually have a serious handicap these issues.

Examining the "Unprecedented Demand" for Gold Eagle Coins

Boy you got that wrong. Do a little research. Gold was fixed at about $20 OZ up till the confiscation, but people were hoarding the gold specie at the expense of scrip. Even though scrip was dear, specie was dearer. If the gov was holding up the price of gold, why confiscate and revalue it? Better to just remove the "fix", let it drop then buy it up on the cheap to back the new currency at $35 OZ. But the people did not want to let go of their specie, hence the confiscation. Silver only dropped in relation to scrip because it was backed by gold. Gold was dearer than silver.