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Silver Shortage?

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projack's Avatar
Australia
122 Posts
 Posted 05/09/2006  06:59 am Show Profile   Bookmark this topic Add projack to your friends list Get a Link to this Message Number of Subscribers

My sources telling me that the Pert Mint is very much short of silver.
I just don't understand why people from the Pert Mint don't go and buy on COMEX. There must be some sort of unwritten code of ethic not to buy real metal there. Other big silver users doing the same thing, that's why, noticed it (namely running around like headless chickens and complaining about silver shortage, but they don't go and buy it on COMEX). Also one report I had seen in the past mentioned a company so desperate to get the stuff they went to buy it on COMEX, and they were singled out like leprosy.
These reports and other small clues gave me the conclusion that there is an unwritten rule by the big boys, which says "COMEX is supposed to be for paper trading only". Take into consideration that the total average eligible warehouse stock on COMEX silvers is always around the 50 million ounces mark, hardly ever changes. Not much if you consider that the Sydney Olympic silver series used up nearly 3 million ounces and we are only a small country, and that was only a single issue, by one Aussie mint. (The one-kilo Olympic silver coin alone used up 1 million ounces).

So are we going to see less, and more expensive silver issues in the future?
You can bet you house on it.
Actually I have a huge house on a 16-acre riverside property in Europe currently rented out to the government and I thinking of converting it to metals and store it in my NY address.
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