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However, contrary to what you stated, there is in fact a shortage of silver. You must look at the bigger picture in regards to supply and demand. I'm sure if you did a little research you could find that out.
I have done my research. Long term, yes I absolutely agree, that is why I am buying as budget permits. 3 digit prices for silver would not surprise me at all. When investors start trying to exchange "paper" ETF silver for the real thing, and it's not there, that's when the fun will start.
Short term, nope, not for a while yet. I think some are just trying to justify price gouging.
Go to
ebay and Craigslist. No shortage there.
Some big dealers are on back order, but they are getting the product in.
Wait until silver hits $50 an ounce again. One will be tripping over the stuff again. The reason I sad "
not as abundant", is because right up until the correction hit in the beginning of May, everybody was selling. There was silver everywhere, in every configuration and quantity imaginable. The short sighted dealers were buying like there was no tomorrow.
Now that overpaid silver is sitting in vaults in basements waiting for the price to go back up before it comes back on the market. I had 1 dealer flat out tell me so, and a few others imply the same. A couple more astute dealers
stopped buying silver before the correction.
I'm not talking coins either. Bullion bars and rounds. 10 and 100 ounce bars everywhere.
Quote:I see that silver dollar at the bottom being sold for $20+ on
ebay constantly. How much would the silver be worth in these coins?
There is .6 troy ounces in these coins. When I bought it the silver price was $36.20, giving it a melt, or bullion value of $21.75.
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Not sure what you mean by drab. You sure walked out with a bundle of nice coins. Looks like you really had a good time.
I did, but the show, and the last one I went too, had an atmosphere that was just, stale, for lack of a better word. This was the first time my buying was limited by availability of fair priced coins, and not by how much spending money I had.
Posted 06/12/2011 6:00 pm
