I Think This Would Weigh Down My Safe Just Right - Page 2

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Author	Replies: 18 / Views: 3,703	Page: of 2

biggfredd Rest in Peace United States 9104 Posts	Posted 09/19/2011 10:01 pm True, but if they wanted 50 of them tomorrow, no problem. They're hoping to find a sucker who doesn't know how little collector demand this has. CNI buys at $1.00 back (compared to 80 on hundreds), Silvertowne @ $1.25 back. Demand is virtually zero; collectors won't buy them, and manufacturers buy direct. Years ago a customer had an 80+ year old car he was gonna restore, one of six known. If you were looking for one, it would cost at least five figures, he ended up getting under $1000. A friend had a 54 Chrysler airport limo, one of 15 made. Good condition, we used it for hauling stuff to flea markets. He sold it to someone who wanted the hemi. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 09/21/2011 07:01 am Perspective: Quote: According to the CME the average daily volume of Silver futures in the month of May was 117,196 contracts That's 585,980 of these bars, every day. They go on to say that's a 160:1 market, but that still leaves someone(s)getting 3662 of these, every day. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 09/21/2011 8:21 pm Quote: That's 585,980 of these bars, every day. They go on to say that's a 160:1 market, but that still leaves someone(s)getting 3662 of these, every day. And then one day, their little paper game ended when the Chinese liquidated a billion ounces of paper silver for REAL silver that the paper pushers are supposed to have but in reality do not. Report this Post to the Staff
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