Gold & Silver Have Decoupled From Their Spot Prices

My opinion is the spot prices reflects the paper gold and silver which does not exist. There should be a second spot price for real silver and gold.

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THE VERY REASON I TOLD PEOPLE

NEVER EVER BUY PAPER METALS ....

like GLD on the stock market ETC...

ALWAYS ALWAYS ALWAYS TAKE PHYSICAL DELIVERY

heh if they did that the illusion woul dfinally be seen that they have over sold silver and gold reserves on paper to people where no gold or silver even EXIST!!! just liek our fuking money

So, hands up all those who think supply and demand doesn't apply to precious metals.

If there are more coins being horded then there will be less for circulation amongst collectors. Rationale would suggest Mints won't pay over the odds spot prices and sell on at a loss so they either jack the price or stop production. Really, to them it's just a sideline from the (literal) nickle and dime business. They don't HAVE to mint special collector coins.

Sooo... guess which direction the price will go for your shiney tokens?

I've been hearing about these 'wholesale suppliers.'

Who are they and what is their story for the shortages?

See above. ^ They wern't stupid enough to buy at the peak and then take a loss now spot has dropped.

If it's true that the American, Canadian and South American national mints have stopped producing official bullion rounds/coins, then that means American Eagles, Canadian Maple Leafs and S.A. Krugerrands just became real collector's items, meaning that people now buying and selling these rounds should expect to see a real collector premium added to them for at least as long as the national mints' gold & silver production is down.

Of course, in a crisis though, no one will care about collector value.

Got food, fuel and ammo?

Prioritize the necessities.

Peace.

I think they are large volume physical metals trading companies, only a select few of which were allowed to buy from the US Mint.

And I believe they only deal with recognized coin dealers.

Many local dealers seem to be rather guarded about revealing their wholesaler sources.

The mines only dig 88 million ounces a year out of the Earth to put into the economy. Tell those lazy bastards to kick it up a notch.

What's crazy is that silver, both in the ground and in circulation, exists in lesser quantities than gold right now.

I wonder if the traders will ever figure this secret out...

do u think anyone on this forum has any money? give me a fucking break.

Somebody posted the other day that the reason for the spot price of silver tanking is because of the short selling going on by the hedge funds in order to meet their margin calls. They are selling their PAPER contracts for silver than doesn't exist in COMEX inventories and licking their wounds over their losses.

Ted Butler has been shining the light on these contracts for years, along with the short-selling that has been taking place for paper profits with no intention of ever taking delivery.

It may be that silver has been held back from us because some of those who made contracts are demanding delivery! What available silver there is must necessarily go to them first or there will be hell to pay. Kitco got theirs, but they aren't selling at these low prices. Other dealers are probably doing likewise...sitting on it.
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Decoupled... not really.
Comex and the big players are, by default, pricing out the little guy... while dealers are just meeting or maximizing their margins on whatever inventory they have. Wouldnt you?

You can take delivery on a comex contract near spot if you are buying 5,000 oz.
You can take delivery from kitco silver near spot if your buying 1000 oz bars.
[link to online.kitco.com (secure)]

I wouldnt pay a premium over 5.00 usd for gold or 1.00 for silver...
trust me, this will level off in time.

I thought I would show these calculations, or figures on investments. I am not pushing this, I am merely showing the figures.






Liquid Assets

If you purchased $1,000 of Delta Airlines stock 1 year ago, you would have $49.00 today.


If you purchased $1,000 of AIG stock one year ago, you would have $33.00 today.


If you purchased $1,000 of Lehman Brothers stock 1 year ago, you would have $0.00 today.


But, if you purchased $1,000 worth of beer 1 year ago, drank all the beer, returned the aluminum cans for a recycling refund, you would have $214.00.

Based on the above, the best current investment plan is to drink heavily & recycle.

It is called the 401-Keg.

A recent study found that the average American walks about 900 miles a year.

Another study found that Americans drink, on average, 22 gallons of alcohol a year.

That means that, on average, Americans get about 41 miles to the gallon!












Have a nice beer today.. lol

PRICELESS!!

:-)

for info and a chuckle

LOL, people are taking delivery from COMEX and melting and selling their metal in the developing PM black market for immediate 25-40% gain minus melt costs.

COMEX is about to DEFAULT which will command an immediate doubling of real physical silver/gold.

YOU HAVE NO IDEA HOW SATURATED ALL PAPER MARKETS ARE WITH DECEIT AND FRAUD

It is all close

4 weeks minumum and you will not find any physical anywhere...

This presents a massive profit opportunity (if it's true).

1. Buy close-to-expiring calls on the comex
2. Take delivery
3. Sell on eBay or to dealers

i was at a coin show today. plenty of silver available. not much gold.

check ebay. prices are a bit high, but worth it. you get delivery in a week as opposed to 3 months or worse. also, buy rolls of old dimes and quarters before 1964. The little dimes are the best because they are little pieces of silver. much easier to use in small transactions post dollar.

invest in LEAD!

GOOD LUCK GETTING EXPIRING CALLS .... it takes a LONG TIME

minimum 60 days usually 75+ to get physically delivery off comex

and in 2 months plus who knows what you have ...

It's interesting that some of the major dealers have not decoupled yet. Perhaps there is profit to be made in the transition. However, you still have this problem:

From Kitco- "Please note: Due to current conditions, your order fulfillment and/or shipment is being affected by delays experienced by our suppliers. Certain popular products are currently out of stock; please click here to view a list of items we normally carry. All such products will once again appear on our web page when their inventories reach adequate levels. Due to high order volumes, you may also experience shipment delays from our vaults in Canada and/or the USA. We want to assure you that we are working hard to mitigate this temporary situation. Kitco Inc. appreciates your patience and understanding, and looks forward to serving you in the best possible manner." [link to online.kitco.com (secure)]

So Kitco is telling us that we will experience delays with delivery due to their suppliers having delays. That's not very reassuring in a crisis environment. I'd want delivery immediately, before TSHTF.

But what I was referring to was the reality in my locality on the street; the real deal for those who want to purchase physical precious metals with cash & go home with gold & silver in hand. And at least for my area, that market has decoupled from the spot prices already.

Good luck!

P.S.- My local dealers also are ALL demanding payment in CASH ONLY! Very interesting.

I stopped investing in P.M. ETF's a long time ago. Very shady to say the least.

Physical is the way to go.

Jim Sinclair said yesterday that there can be no two different gold prices, that one has to win out. He said that the paper gold market will rule the spot prices until COMEX runs out of gold, then the street price will take over and control the spot price from then on.

But by then, there will be no gold or silver to be found, IMHO.

[link to www.jsmineset.com]

"Dear Friends,

It is axiomatic that the most leveraged gold market most often (95 percent of the time) sets the price of any cash market. First derivatives (listed futures) commands price.
This remains true as long as the COMEX warehouse of gold is NOT meaningfully depleted by long gold contracts by taking delivery from the exchange warehouse.

As long as an exchange maintains a warehouse that historically overwhelms historical demand for delivery the first derivative, The COMEX listed gold future, will be the primary cause of price.

Taking delivery from the COMEX warehouse is not an easy process as the system is designed not to violate your contract but to be a world-class pain in the ass.

The COMEX requires re-assays, assuming you wish to re-deliver. This then places another raving pain in the ass in your way.

The COMEX market is effectively an international 24-hour market as there is no location where you cannot buy or sell a COMEX clone.

Cash bullion gold as opposed to the semi cash markets that non-USA banks trade is the only totally private means of buying and selling gold.

As currency problems increase, first the knowledgeable public such as you clean out the coin market.

This is the first time that the international coin markets have been cleaned out everywhere. This did not happen globally in the 70s.

Large gold bars are still available in major markets but the backup inventory is getting low.

As long as the COMEX warehouse remains adequate and large bars still are available, the paper market, the leveraged COMEX market, will rule the price.

Only with a decline in COMEX warehouse inventories and a run down in large bar supplies of the cash market will the cash bullion market command the price of the COMEX futures market.

It was not the buying by the Hunts that caused silver to move above $30 into the $50 area, but rather the universal belief that they would take delivery, which would deplete or exceeded the COMEX warehouse supply.

The War between paper gold and bullion gold is a war to determine which will take command of the price of gold, nothing more, nothing less. There will be no two markets trading at different prices.

All this battle is about is IF the bullion gold market is going to take the lead in making the singular price away from the traditional axiom that the most leveraged market makes the price.

I believe the bullion, in these most unique conditions, will command the one gold price making it hard to impossible to manipulate the gold price via the paper gold market, as is the practice every day."

It's a good thing you told me what the hell he was trying to say, hes very hard to read.lol.

Get out of gold now! Its the only bastion of wealth that hasn't been looted. And it will. I know ppls that lost big last time. there is no gold behind much of the gold that has been sold. When this gets out there will be a run. Don't get trampled take your profits now.

When the day comes that silver and Gold prices go through the roof is the day some president will sign an executive order to conficate all metals. They never let the peasants win. They always slam the doors in their face.

If it comes down to Wall Street not being able to deliver on their contracts without stealing the peasants gold then you can count on the government backing Wall Street.

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