Spot price irrelevant to physical silver... BULLSHIT!!!!!!

Look at the premium cost

I mentioned that in my post. I guess what you call premium, I call commission, same thing. But my point is that they go off the spot price when determining the price of physical every time. So I ask again, how is the spot price not relevant when talking about physical silver or gold?

I guess it is or I'd have an opposing viewpoint by now.

You don't understand how manipulation works.

Let's say they add 1,000,000 ounces of silver in the form of paper contracts, this is silver that doesn't even exist physically (look up JP Morgans silver short, they have a short on silver that exceeds the worlds physical), the price falls due to "supply", but real world supply is vanishing by the day.

When it all goes to shit and everyone realizes the supply of real physical is non existant, all the paper becomes worthless, and the scam is exposed, then you'll see spot shoot up, to match real world physical costs

I completely agree with you but I think it's gonna take a complete collapse of the dollar and other currencies or for Comex to default before that happens.

Until then the spot price will continue to be the only to determine what someone will pay for your physical or what you have to pay to get some. Sucks!

I dont know what your talkin about. .. If there is a physical shortage that would override any manipulated spot, until then spot usually goes.

Exactly!
Then why are there so many silvertards on this forum who always say:
"Spot price is irrelevant when it comes to physical"?

Guess there are just a lot of people who are banking on a total collapse of the dollar happening soon.

I don't think JP Morgan will ever default on their Crimex shorts. Their buddies at the fed will just print some fake money, bail them out and the American tax payers will get stuck with that bill too. That's why I could care less about JP Morgan, we need the USD to crash for any real, meaningful change to be made possible.

What physical shortage?
There's no Physical shortage, silver only costs $10 to $15 to produce, anyone paying more that $20 for silver is definitely over paying and will get burned eventually.

silver is more expensive to produce than you think.
why do you think the only silver mines are only in cheap labor countries, the industrial countries have only mines that produce silver as a by-product. lead ,tin ,zinc, copper usually are the primaries. the method is very costly and enviromentally threatening, the load material is sprinkled with cyanide /acid water,then collected and seeded with zinc and other chemicals to allow the metals to condense on the surface,to be skimmed and pressed into ingots,that are smelted into the respected metals, this is very costly and subject to environmental regulation increases. these will continue to become more stringent increasing the cost yet more as the years go by.

the derivative paper silver has artifically increased the supply ,thereby decreasing the price. soon the amount of physical silver will be down to a few years supply . down 97% . there were 49 billion ounces mined, and 700 ounces remain, with a net loss of 200 million ounces per year difference between the mine production and world consumption. those holding paper silver are learning how worthless it will become ,and are starting to dump it. this will cause a huge chasm between the real price and the spot price.

buy real physical silver asap at any price. the dollar is not to be trusted.

Most coins are about $3 over spot up here... No biggie really. There has always been a premium and the smaller the quantity the higher the premium.

[link to www.golddealer.ca]

Spot: $36.35 USD
Maple: $39.35 USD

The tards that make the "Spot price irrelevant to physical silver" claims are looking a eBay sellers, where you might see a SINGLE Eagle or Maple going for $45 including shipping.

What people don't realize is that the seller needs to cover eBay seller fees, PayPal/credit card fees and shipping so no wonder the price is high. buying a single coin that needs to be shipped is dumb. Just look up a coin dealer in your city.

Imagine long lines at coin stores of people trying to sell physical.

Sold 1\3 of mine for £34 an ounce earlier this week.

Yes there are silver miners mining primariy silver in this country. Methods are now in use that are environmentally acceptable.

We have stock in mining companies.