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Just looked at http://tulving.com/goldbull.html scroll down to the bottom and see they are sold out. They are buying quality silver at spot or above (the 100/1000 oz bars would be hard to sell to the average buyer, I would be afraid of counterfits and reselling it without taking less than spot). If I am wrong be sure to write me, extreme, and point out exactly where I am wrong and you are right.
How did I know the 'swimming in silver' was coming LOL!!!!!
Tulving is begging to buy silver. Tulving is paying above spot for quality silver.
It will be a silver buying party! The only downside is that more people will be buying than selling. Tulving is STILL sold out of silver and is paying above spot for most silver in high demand.
How about India? Marriage season coming and gold is $1600 an oz.
"When considering whether silver is a good investment for the future, you might want to take a closer look at the current above ground supply of silver.
A reasonable estimate is that roughly 1 billion ounces of silver currently exists above ground in investment grade form.
This does not include the ounces of silver that need to assayed, melted, and recovered from what little silver is left in jewelry, silverware or sequestered away in electronics."
6 Billion people in the world and only 1 billion ozs above ground in investment form? That's 1/6 oz or 5 grams per person in the world. 5 grams. 100 ozs is destroyed every time a smart bomb goes off. Silver in solar panes won't be recoverable as is 99.99% of all smart phones. Seems like silver is more scarce than you care to admit.
I can only hope for the 'death cross' of silver.
Bring it on.
Why silver should go lower?
Because I want to buy more for my retirement.
You are back too late. Silver has bottomed.
Good post on gold, applies to silver:
http://seekingalpha.com/article/1189531-g-20-sparks-gold-s-ugly-sell-off?source=email_rt_article_readmore
Soros, destroying economies one country at a time.
High Five!!!!!!!!
Why would anyone sell a monster box to tulving for $15800 when they could sell the same monster box on ebay for $17750?
Tulving still sold out of silver.
http://tulving.com/goldbull.html scroll down to the bottom of the page.
Silver eagles are being bought for $5+ over spot on ebay.
Tulving is paying $1.70 over spot price for silver eagles. It seems dealers aren't swimming in silver anymore.
the hindsight millionaire!
Time to stack.
Shorters selling paper silver maybe, but probably not people with physical silver.
That's very interesting. Silver being horded by people that use it in manufacturing since there is no such thing as 'just in time' delivery because they don't want a $50,000 car being held up for an oz of silver.
So what do you pay for silver?
That must have been one busy day if 'every one of your customers' begged you to buy their silver off them. Silver price is up today, you must have made a killing. Quick, sell to Tulving they are buying everything possible.
I'd love to trade swings but the minute I buy it goes down. Physical is better because it's purchased and stored. You don't have to see the daily swings up and down.
For $25 you can own the whole company, all it's debt and a lot of pizzed off stockholders.
You mean my horded Bolivars just became worth half? Rats!
It's rare to time the bottom. Tomorrow is unknown.
Iowa (DUH!) has no intention of making medical marijuana legal much less recreational. Until all the other 49 states have legalized it and taxing it.
That's true above ground silver is diminishing and in-ground silver is getting harder to find and more expensive to process.
Yea, right, there is so much byproduct silver in copper they throw it away.
And God named that banker Barney Frank.
KaChing!
On to $100 an oz.
That smiley needs a gold or silver tooth.
I saw a news show that had a guy sweeping up dirt outside a gold processing business in a city and came up with enough gold to make it worth his while.
But silver is a byproduct of copper mining and it usually is just thrown out with the garbage!
When gold is gone, silver will find it's niche as the new gold. Seeing that there is less silver above ground than gold they should be closer in price.
crazy. Can't get in on the insanity.
Yep on that TD Americantard DTC chill. Just sold another penny and can't rebuy another penny or non-marginable stock.
Parabolic price in silver is good. Extreme must be off his meds again.
Silver up today! Happy friday everyone bull and bear!
At http://tulving.com/goldbull.html right now:
All silver sold out. Nothing from tulving to buy at any price. Comex can't deliver on futures contracts. Why is silver being held at an artificially low price? Could it be the worthless paper that can't be delivered? People trusting a promise of payment instead of holding physical? If everyone on the planet held just one oz of silver the entire physical supply would vanish. Got physical?
Can't you see HSBC reading extreme's posts and saying 'darn it, we should have listened to extreme because silver is in a bubble. We better make him the new CEO of HSBC because he is smarter than all of us put together'.
Buy Silver
By Christian A. DeHaemer | Thursday, January 31st, 2013
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47.
A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal.
Silver's Stats
Symbol: Ag
Melting Point: 1,763°F
Atomic Number: 47
Boiling Point: 3,923°F
Atomic Mass: 107.8682
Yesterday it was announced that the United States Gross Domestic Product (GDP) — the sum of all economic activity in the country — shrunk by 0.1%.
Despite the worst quarter in three and a half years, the market was flat...
This is because it was the best negative GDP number you could hope for.
The GDP went down because business inventory and defense spending fell. Consumer spending on goods and services, as well as fixed income spending on houses and CAPEX, went up.
Let me repeat: Government spending went down, led by the Pentagon — while private spending went up, led by consumers.
This is good.
Every time the government gets a dollar, it wastes half and blows the rest, distorting economics as it does so.
Silver is Going to $100
Legendary asset manager Eric Sprott said this will be "the decade of silver," during which silver will hit $100.
Bad News Is Good
The price of silver gapped up $0.66 on the negative GDP news.
Investors want to own silver because the GDP number means the Fed will continue to QEfinity, buying $85 billion a month in mortgage paper and Treasuries.
Investors want to own silver so much, they bought out the U.S. Mint...
Bloomberg reports:
Sales of American Eagle silver coins by the U.S. Mint jumped to a record this month on increased demand for an alternative to currencies as the U.S. central bank presses on with unprecedented stimulus. Sales surged to 7.42 million ounces so far in January, the biggest monthly total since 1986, when the Washington-based Mint began the transactions. The figure compares with the 1.635 million ounces sold in December.
The demand was so great, the Mint stopped selling silver coins mid-month, but reopened sales on January 24. From the website:
The United States Mint will begin accepting orders for the 2013 American Eagle Silver Proof Coin at noon Eastern Time on January 24, 2013. The coin will be priced at $62.95. There is no household order limit for this product. Customer demand will determine the number of coins minted.
Last week the Royal Canadian Mint put limits on the quantity of sales for its Silver Maple Leaf coin.
Consumer demand for silver is setting records. If you couple that with quantitative easing and the high price of gold, silver is a nice thing to own.
The Easy Way
There are three basic ETFs for silver.
The most popular is the iShares Silver Trust, which has $9.71 billion in assets and has returned 9.02% since January 1. It is also liquid and trades more than 10 million times a day.
If you're feeling bullish, you could buy the Ultra Silver Fund (NYSE: AGQ), which trades at twice the volatility of silver. If silver goes up a dollar, AGQ will go up two dollars — and vice versa.
I like the physical silver ETF (NYSE: SIVR). It also tracks silver, but charges 20 basis points less for the same fund.
Someone even offered to take the worthless silver off their hands for free. I think he said they were going to refine it and sell it. If Helca can dig up $1 an oz silver I can do that so I'm going to start my own silver mine and sell it.
And I am still kicking myself for not loading up on silver in 2001. I remember getting a silver oz round as a tip about that time. I WISH I had thrown every spare penny building physical silver from then to today. I would be a millionaire.
Were you a silver bull or bear in 2001? It would be interesting to see if you have any future sight or just hindsight.
And by the way, twice silver has hit near $50 an oz. That will someday become the new floor.