And The Drop Goes On.....

It's fun being able to restock supply that was sold off, however does anyone know anywhere that's selling generic 'junk' silver? APMEX is out of their 90% outside of $1000fv bags.

Us buying physical is only a tiny portion of the silver traded. Most of it is just paper silver. We make a small sacrifice in liquidity, but if something bad happens, they would be the ones up a certain creek without a means of propulsion

I am buying in smaller lots for the few day and ahead, mostly going to be silver. And it's in au /uncirulated rolls.

I havent heard...

Market saturation of fabricated products may have a small play, but the price is based on the total supply and total demand. The total supply changes slowly. The demand changes fast.

One of the reasons total demand is dropping is because of margin calls across the board in all markets. Margin calls must be met. That means many investors are being forced to sell PMs. Once that gets flushed out of the system, the demand will return, and with it the prices.

The dollar is currently bouncing back relative to other currencies. But that can't last. Once the EU gets its house in order, the next major problem lies with the dollar. And since we are "printing" money to prop up the Euro, we are signing our own death warrant for the dollar.

Indeed so. I am as well and buy from time to time regardless of price. I am collecting ounces here and am not especially price sensitive. Buying regularly is more important to a long term collector than every price wiggle that comes along during our acquisition period.



Indeed they do but they can also take some spectacular losses as well. This has happened in the past with various brokerages losing billions of dollars on bad bets. Yikes!



At the moment, economic fundamentals are saying that. The US does not value saving. Saving is what provides wealth to entrepreneurs and other wealth creators so that they can create MUCH more wealth as well as products, services, and jobs. Printing trillions of fiat paper dollars HAS to make all of the dollars in circulation worth less. This inflation of the currency is essentially robbing the dollar-denominated savings of millions of Americans as well as those of foreigners who have accepted US dollars in payment for their manufactured goods and raw materials. Ever cheaper dollars is not a great plan for financial success or a US dollar that is rising in real value terms. Recent dollar "gains" are often due to the drop in value of other fiat currencies to which the dollar is then compared.

In the short term, games are being played in the metals markets. These will eventually fail because they rely on artificial manipulation. While this appears to work in the very short term, economic law is not to be denied in the long term. Eventually, it WILL crush those who are trying to manipulate it to serve their particular ends. The USSR tried it and forced it to work for 70 years. Eventually, though, economic law prevailed and their house of cards collapsed. The very same thing will happen to all others who try this as well. The only real difference is how long can they stave off the inevitable collapse.

Hard to say for sure what would be a good staring point. Several are available, such as when the US dollar 1st became the World Reserve Currency or perhaps when Nixon took us off the gold standard in 1971. How about when Roosevelt signed his infamous gold confiscation edict? Add to that the fact that the US economy is still quite large, about 25% of world GDP. Maybe it's just that we have more inertia on our side than the Russkies did?