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Thread: Silver Shortage Drives Men Nuts

  1. #1

    Default Silver Shortage Drives Men Nuts

    Silver Shortage Drives Men Nuts

    Silver Stock Report

    by Jason Hommel, March 31, 2008

    My email list could be the cause of the silver shortage we are seeing worldwide. After all, let's reference this market structure once again.
    http://www.silverstockreport.com/2008/structure.html

    There was only 50 million ounces of silver demanded by investors in 2006, when my email list was only 20,000. Today, my list is 74,000.

    50 million ounces of silver demanded in a year could clean out all the coin shops in the U.S., as I've written previously. Or stated another way, 1 million ounces of silver, demanded in a week, could do the same. One million ounces divided by the 74,000 emails on this list = 13 ounces! That means that if everybody reading me takes action, there is only enough silver for each person on my email list to get about 13 ounces of silver, each week.

    Since many people want to buy more than that, and since many people are capable of buying more than that, and since many people do buy more than that, I hear many reports of silver shortages. Sources of silver can be found here: http://find-your-local-coin-shop.com/

    A large source of 90% silver bags of $1000 face value 1964 coins, reportedly, is at http://fidelitrade.com/

    The bags are great because you will rarely find counterfeits. You might find collector coins. The silver is in standard, recognizable form, and is convenient to break into smaller amounts. 90% silver is also cheaper now that it ever has been. Also, 90% silver has a small spread if you want to sell it back, less than 5%.

    You can also try looking up silver refiners, or industrial silver suppliers.
    This weekend, the Silver COT's came out, and showed that it was the spec longs that sold 1/5th of their positions, and Commercial shorts covered less than 1/10th of their positions, which explains the major price dip from $20/oz starting on Wednesday, March 19th.

    MORE- http://www.silverstockreport.com/2008/perth2.html
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  2. #2
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    I've been buying junk silver for years,planning on selling it when it hits $25 an ounce.Sold my coins back in the 79 rush and then started buying when silver was less than $5 an ounce.I've got two Gold eagles,but those hold much sentimental value. I'll keep them for now.
    I've got several hundred Silver Dollars and almost 200 American silver eagles,plus pounds of Mexican coinage.I just hope it hits $25 before the dollar is completely worthless.
    Only those who will risk going too far can possibly find out just how far one can go.


    We cannot direct the wind, we can only adjust our sails.

  3. #3

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    Quote Originally Posted by shadroch View Post
    I've been buying junk silver for years,planning on selling it when it hits $25 an ounce.Sold my coins back in the 79 rush and then started buying when silver was less than $5 an ounce.I've got two Gold eagles,but those hold much sentimental value. I'll keep them for now.
    I've got several hundred Silver Dollars and almost 200 American silver eagles,plus pounds of Mexican coinage.I just hope it hits $25 before the dollar is completely worthless.
    $25! Its gona hit several hundred. It would hit $200+ just to equal the '80 $50 mark. The ground is rumbling, its gonna be a gusher! zg
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  4. #4
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    Then buy mine now at $25 and you'll be in the catbird seat.
    Only those who will risk going too far can possibly find out just how far one can go.


    We cannot direct the wind, we can only adjust our sails.

  5. #5

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    Quote Originally Posted by shadroch View Post
    Then buy mine now at $25 and you'll be in the catbird seat.
    $25? Not $5 right now? zg
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  6. #6

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    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  7. #7
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    Quote Originally Posted by zengrifter View Post
    $25? Not $5 right now? zg
    Try $17 now.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  8. #8

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    Quote Originally Posted by aslan View Post
    Try $17 now.
    Is that hard or soft 17?
    Harolds Club RENO OR BUST

  9. #9
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    Quote Originally Posted by bj bob View Post
    Is that hard or soft 17?
    S17. Soft, pure, no alloy added. Why, you have some for sale? Lol
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  10. #10
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    I don't know. Seems like the commodities markets might be bubbling. If the dollar comes back, they'll drop.

  11. #11
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    Quote Originally Posted by moo321 View Post
    I don't know. Seems like the commodities markets might be bubbling. If the dollar comes back, they'll drop.
    That's what I've been saying...sell now...take your profits...keep an oar in the water if you want to, but don't let sure profits get away from you. It's like don't double down on a natural...take the sure profit at 3 to 2.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  12. #12
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    Midwest
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    Also, I think your money would do better in stocks, moving into real estate in about 3 to 6 months.

  13. #13

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    Quote Originally Posted by moo321 View Post
    I don't know. Seems like the commodities markets might be bubbling. If the dollar comes back, they'll drop.
    The dollar comes back??? Now what are you smoking?? zg
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  14. #14

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    Quote Originally Posted by moo321 View Post
    Also, I think your money would do better in stocks, moving into real estate in about 3 to 6 months.
    What are you guys on??? zg
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  15. #15
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    Wow thanks for posting Zen,
    I work in graphic arts and a by-product of film processing is silver.
    I have at least 5 lbs. on hand and need to clean the recovery unit again.
    Hooray!!

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