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On what day will silver crash back to $8? I noticed you came back today when silver is down a fraction. Where were you when silver was going parabolic?
When is silver going to crash to your low expectations? I have a buttload of cash to throw at it then. Please give me an exact date since you know more about silver than God himself!
Silver shock has set in. Being wrong is very destructive.
Up $.92!! Silver shortage realized. $8 silver was a mistake and will never return there ever.
The world just doesn't agree with your opinion. How about some new charts to show why people are dumb to buy silver? Is the world dumb to pay more and more for silver?
American Silver Eagle sales breaking new records!!! US Mint can't keep up with demand!!! All ASE silver MUST be mined in America. Maybe Helca's excess worthless silver is being sent to the mint?
Good for you! I need to count mine someday.
Congratulations on your gain. Got physical? .
Because of your postings I am buyking $10, 000 worth of silver to prove there are buyers.
Cash for gold places are buying silver. What do they know you don't?
I remember when silver was $18 an oz.
It's been up and down since that.
Rolls of silver eagles were less than $400, now they are almost twice that.
Silver eagles are selling for above spot price on the open market.
Silver is making higher highs and holding on to price during downturns.
Got physical? Or just wising it will go lower to buy back in?
Is he calling silver shorters 'smart'?
They are taking a gamble with everything on the table to lose.
Margin that short and the house may have to go when silver goes parabolic.
Am I dumb for stacking physical instead of $100 bills?
Silver supplies running out.
Tulving sold out of silver.
Dealers don't care what the price of silver is because they make money on the spread.
Dealers paying MORE than spot price to get their hands on physical.
Comex not having silver to deliver to fulfill futures contracts.
Dealers are begging to buy silver because they don't have anything to sell. Nothing to sell and increasing demand will drive up the price.
From Tulving.com right now: Silver Bullion Buy Prices - SOLD OUT!
Now is the time to stack physical. How many people are kicking themselves for not filling their safes with silver when it was $8? How many people will be sorry they passed up $30 per oz silver when it hits $150 an oz?
Silver rises and falls with demand for the metal.
How do you know the future value of silver?
Dollar cost averaging is better than trying to time the market.
Thanks for your concern. I'll keep stacking at any price. Because investing money doesn't matter in the long run.
I LOVE silver. There's nothing depressing about buying real money. Gold is the same. If people are 'depressed' about having silver maybe they should dump it on ebay and make some money.
Central Banks Are Losing The War to Suppress Gold & Silver Prices
http://www.zerohedge.com/news/2013-01-26/james-turk-central-banks-are-losing-war-suppress-gold-silver-prices
Tulving is sold out of silver as their website says.
Physical silver is being bid up. Paper silver is worthless and comex can't deliver. Have physical?
Tulving can't promise delivery of 1000 oz silver bars by Comex?
(1,000 Oz JM .999 Silver Bars - Comex Deliverable - SOLD OUT)
Silver Eagles going for ABOVE spot price in Ebay? What gives there?
Tulving is BUYING 90% coins at 30 cents ABOVE spot price?
Unbelievable for a silver dealer 'swimming' in silver.
Why don't they buy from Helca mines for $1 an oz? That's what you claim it costs them to mine it.
Tulving sold out of silver bullion!
Check out:
http://tulving.com/goldbull.html
A dealer is buying all they can?
With the world and dealers 'swimming' in silver?
How can it be??????
Tulving makes $1500 drop shipping 500 ASE between the US Mint and the customer. For doing nothing but taking the order. How sweet is that?
Silver makes one noise: KA CHING!!!!!!!!!!
Silver is real money. Keep your paper money. I'll take that 'worthless' silver.
From Tulving website:
[2013 Sealed Mint Boxes Of 1 Oz. Silver American Eagles - Brand New Coins Delivered To PCGS ONLY. Coins MUST Be Graded By PCGS.
PCGS Grading Fees, Shipping and Handling Fees, Etc...Are Available From PCGS Only Call Miles Standish At PCGS For More Info At 949-922-0515 (spot +$2.79 per coin)
So tulving makes $1395 on a monster box of 500 AES by being a middleman of drop shipping from the US Mint directly to PCGS (plus the customer pays shipping)? SOUNDS GOOD TO ME!!!! How can I get in on this gravy train? My guess is that the mint is making such good coins they are all MS 69 or MS 70 and it would be wise and highly profitable to hold these coins?
Do they know something that the common slave doesn't?
He is quoting the spread of silver. Tulving makes $520 every time they middleman 100 oz between a buyer and seller. I wish I had a business that could make money being a silver pimp.
The local 'cash for gold' is now advertising they are buying silver coins. Are they stupid as R4N thinks, or do they see something that isn't being told to the average person?
He's living in a fantasy world where people really believe him.
Trillions of dollars in cash - zero interest rates - silver and gold is going to be where that money goes to 'repatriate' it to the government.
I hope silver prices go to $4 because by then, my house will be paid for and I can load up faster. $1500 a month will buy a lot of 90% coins and Silver Eagles (if they are available, seems the mint runs out because they can't produce enough fast enough for the investors.)
I found this under the Bingham Canyon Mine website:
The extracted ore is run through a concentrator, where huge grinding mills reduce it to the consistency of face powder. Flotation then separates the gangue from the metalliferous particles, which float off as a 28-percent concentrate of copper along with lesser amounts of silver, gold, lead, molybdenum, platinum and palladium. A selective flotation step separates the molybdenite (molybdenum disulfide) from the chalcopyrite.
The filtered concentrate slurry is piped 17 miles (27 km) to the smelter, where it is dried, and then injected along with oxygen into a flash smelting furnace to oxidize the iron and sulfur. The oxidized iron is skimmed off, while the sulfur dioxide gas is captured and sent to an on-site acid plant for conversion to valuable sulfuric acid - a million tons of it each year.
Left behind is a molten copper sulfide called matte. The 70-percent-copper matte is water-quenched to form a sand-like solid, then injected, with oxygen, into a flash-converting furnace that produces molten, 98.6-percent-pure copper. This copper is then cast into 700-pound (320 kg) anode plates and shipped by rail to the refinery.
At the refinery, the anode plates are pressed flat and interleaved with stainless steel cathode blanks. Automated robotic vehicles place the prepared anodes in cells containing an acidic electrolyte. When the cells are electrified, the anodes slowly dissolve, freeing copper ions that are deposited on the cathode as 99.9-percent-pure copper.
Impurities and precious metals settle to the bottom of the electrolytic cells as "slimes." A chlorination leaching process recovers the gold and silver, which is melted in induction furnaces.
Production:
Over its life, Bingham Canyon has proven to be one of the world's most productive mines. As of 2004, ore from the mine has yielded more than 17 million tons (15.4 Mt) of copper, 23 million ounces (715 t) of gold, 190 million ounces (5,900 t) of silver, and 850 million pounds (386 kt) of molybdenum. The value of the resources extracted from the Bingham Canyon Mine is greater than the Comstock Lode, Klondike, and California gold rush mining regions combined. Mines in Chile, Indonesia, Arizona, and New Mexico now exceed Bingham Canyon's annual production rate. High molybdenum prices in 2005 made the molybdenum produced at Bingham Canyon in that year worth even more than the copper.[5] The value of metals produced in 2006 at Bingham Canyon was US $1.8 billion dollars.
I pose the question: would gold, molybdenum and sulfur be considered 'worthless by products' to be discarded along with the silver?
LOL!! And silver isn't worth as much as copper. And the world is clamoring for copper because it's money. I'm confused too.
I'm an engineer, I doubt you have a leg up on me. I understand metals and mining. And capitalism. By-products pay the bills. The copper mines HAVE to process the copper and they extract everything they can to maximize profits. Silver provides them with profits above what the copper would give them. They would be idiots and morons to throw away the silver.
You made me laugh calling silver manure and copper milk.
I live in the midwest and both my grandparents were cow farmers so I understand cows also.
So what is your story? At one time your comments were positive and now they are all here bashing silver.
And fertilizer is all farmers have cows for, and milk is a FREE BYPRODUCT they have to process and give away or flush down the drain.
LOL!
Silver is mined for silver. I'll take all the free byproducts someone will give me but capitalism doesn't work that way.
Lower grade silver mined, higher cost to produce, lower supply, higher demand, higher prices.
Bullets are in a bubble, a false bubble if silver is any indicator.
1. Bubbles are created by hoarders.
(Housing is horded? The internet is horded? A bubble is something that suddenly appears and can not be predicted).
2. Hoarders create a FALSE illusion of excess demand, by buying something and storing it.
(Stackers see more value in physical silver than paper dollars. There isn't enough silver in the world for everyone to possess one ounce, so many people have no clue how valuable silver actually is).
3. But ANYTHING stored is actually EXCESS SUPPLY (not true demand).
(that is a general statement that does not actually apply to the real world.)
4. Producers react to the hoarding by INCREASING production capabilities and output
(silver is a commodity that is buried deep in the ground, needs energy and manpower to extract and is in limited supply. Increased demand does not mean that more silver will be found or mined)
5. The hoarders help temporarily drive the price higher and those higher prices KILL true demand because the real users of the commodity are forced to make cuts, due to high prices.
(since silver is a consumable good, once it is used it is gone off the earth forever never to return. To replenish it takes energy and manpower. Once the silver is in pure metal form it has demand from industry, jewelry, investment as money and hording).
6. So with FALLING real DEMAND, and with RISING SUPPLIES, the massive oversupply continues to build up, while prices are pushed to a peak.. But with excess supplies, prices top out and start to crash.
(Photograpy was a large user of silver at one time, but the uses silver was recovered and reused. Prices move as the world economy drives it. If it is $4 or $50 that's what people are willing to pay for it. Rising prices force shorters to cover their gamble that it will go down, making the peak higher.)
7. Falling prices scare speculators away and the massive oversupply helps to keep pushing prices lower. The lower prices go, the more it frightens speculators and many start to dump their hoards FURTHER ADDING TO THE MASSIVE OVERSUPPLY and further crashing the prices.
(Falling prices push horders to buy more at cheaper prices. Some sell at a profit for needs or to replenish their accounts and wait for it to go back down. If there was such a major OVERSUPPLY as you claim why are the 'cash for gold' places suddenly wanting to buy silver coins? They KNOW something YOU don't!)
8. As prices continue dropping, the commodity gets a very bad reputation as a wealth destroyer and that bad reputation completely kills the hoarding cycle and prices drop VERY steeply.
The real estate bubble was created by folks buying and storing unused real estate (many folks held 2, 3, 4, and more houses sitting empty). When the bubble popped, prices fell to 2001 levels.
(Boy, have you been living in a cave. The housing bubble was due to people that didn't have 2 nickles to rub together could buy a house by lying on an application and they couldn't be turned down by law. Silver is the exception to your example as there are people with lots of disposable cash wanting to invest it in something they KNOW will go parabolic. There are more future millionaires sitting on a pile of silver than people with a few bucks in their bank account.)
When the rhodium (precious metal) bubble popped, prices returned to 2001 levels. Rhodium had big bubble even though FAR fewer folks bought rhodium than are buying silver in the silver bubble.
Silver was $4 in 2001.
(I wish I had deeply invested in silver in 2001. Just like in 10 years you will be telling people that silver is in a bubble at $150 an oz and in 2013 silver was only $31.)
I have only one more post today so I will have to make it worthwhile.
Could you prove where you came to the conclusion that the 'US Mint swimming in access to Silver'?
Do you work there? Reality is the mint sold a record number of silver eagles and can't keep up with demand.
Did you notice the profit in buying and selling 100 oz of silver? For doing nothing but being the middleman? Did you?
I was born in '58 when coins were silver. They had no significance then since they were everywhere. I do remember in '65 when my dad had a 50 cent piece and said: here's one of those new fake coins (non silver). It's all been downhill since then.
Buy an oz of silver every week if you can. Put it away. It won't seem like much but after 35 years think of how much silver you will have, and with the world shortages think of how much it will be worth.
China is waking up to purchasing silver. They can buy it in banks. No wonder why our banks don't sell them, they want to use our money for free.
1/14/13
The US Mint reported another 300,000 oz of 2013 Silver Eagles sold Friday, bringing the 1 week sales total to what is believed to be a record 4.782 million ounces!
With nearly 3 full weeks remaining in 2013, the US Mint sales totals are set to shatter January 2011's all-time monthly record of 6.422 million ounces.
Check out prices on Ebay for silver eagles and rolls! Going up due to the shortage by the mint. I made a mistake of not loading up more at $400 per 20 oz tube going for near $800 now.
World silver shortage coming. Shorters are going to be covering at any price. Hold on for the ride of your life.
http://www.silverdoctors.com/an-inside-look-at-the-rapidly-escalating-physical-silver-shortage-via-sdbullion/
Silver Shortage Time-Line:
Mid December 2012: US Mint announces 3 week halt of Silver Eagle production as the Mint transitions to 2013 Silver Eagles. Wholesale premiums and retail pricing of Silver Eagles do not change.
Late December 2012: Wholesale premiums begin noticeably rising on 90% silver -pre-1965 coins.
Monday 1/7: US Mint begins sales of 2013 Silver Eagles
Monday, 1/14: Wholesale suppliers run out of 90% face pre-1965 silver coins. Wholesale premiums rise 2-3 fold, and suppliers quote 3 week delays.
Tuesday 1/15: SDBullion’s primary supplier informs us that premiums on generic 1 oz rounds are doubling, effective immediately, with a 1-2 week delay on delivery. Delivery on previously placed orders are also delayed 1 week.
Wednesday 1/16: Rumors begin to circulate that premiums on Silver Eagles and Silver Maples are set to jump .75/oz imminently. All major suppliers deny the rumor, and state they expect premiums to remain stable for the foreseeable future.
Thursday 1/17: 9am: SDBullion’s suppliers all confirm ASE’s are in stock at standard premiums.
Thursday 1/17: 3pm: US Mint sends the following communication to authorized purchasers:
Authorized Purchasers,
The United States Mint has temporarily sold out of 2013 American Eagle Silver Bullion coins. As a result, sales are suspended until we can build up an inventory of these coins. Sales will resume on or about the week of January 28, 2013, via the allocation process.
Please feel free to call us if you have any questions.
Regards,
Jack A. Szczerban
Branch Chief, Precious Metals Group
Department of the Treasury
United States Mint
Thursday 1/17: 3:30 pm: SDBullion’s primary ASE supplier raises premiums by .75/oz.
Thursday 1/17: 5pm: SDBullion’s primary ASE supplier is sold out of 2013 Silver Eagles
Thursday 1/17: 5:30pm: SilverDoctors.com advises readers that the US Mint is sold out of 2013 Silver Eagles
Thursday 1/17: 6pm: SDBullion is forced to raise premiums on 2013 Silver Eagles as wholesale supply is rapidly vanishing, and premiums are skyrocketing.
Thursday 1/17: 9pm: SDBullion.com sells out of all remaining 2013 Silver Eagles
Friday 1/18: 9am: SDBullion is able to procure a small order of 2013 ASE’s from a secondary provider for .75 over normal wholesale premium.
Friday 1/18 3pm: Nearly all wholesale bullion dealers are sold out of 2013 ASE’s, wholesale premiums have risen by nearly $1.50 for those wholesalers with any remaining (and rapidly diminishing) inventory.
Friday 1/18: 4pm: SDBullion’s primary supplier refuses to honor the new and increased pricing for 1 oz generic rounds agreed to 48 hours prior
Monday 1/21: SDBullion’s primary suppliers are running out of 2013 Silver Maples due to massive demand, wholesale premiums have tripled on Silver Maples, and have already been raised twice today at our primary supplier!
Monday 1/21: 2:30pm: and……they’re gone! SD Bullion has again been completely cleaned out of all on-hand 2013 Silver Eagles
Monday 1/21: SDBullion experiencing unprecedented demand for silver bullion in all forms
2013 Silver Eagle retail availability As of Sunday 1/20/2013:
Apmex: Sold out
Provident: Sold Out
Tulving: Sold Out
Scottsdale: Sold Out
SDBullion: Under 500 oz remaining, with one last inventory order en route.
With the US Mint not scheduled to begin resumption of ASE sales for another 8 days, at which point it will begin sales with rationing/ allocation, expect premiums on Silver Eagles to continue escalating, and expect supplies of alternate forms of physical silver coins and rounds to begin drying up, as investors turn to Silver Maples, Philharmonics, generic rounds, 10 oz and 100 oz bars as alternatives to the skyrocketing premiums Silver Eagles are commanding.
With shortages causing panic buying among silver investors, much the way that the recent gun and ammo shortages and threats of gun confiscation have caused massive demand and 2-3 fold increases in prices of guns and lead futures, a similar situation could easily develop quickly in the silver market, particularly with the fact that silver is a Giffen good, and is an extremely small market.
I like:
With silver demand skyrocketing while the metal continues its now 21 month consolidation, look for absolutely monstrous demand to surface as the next leg of the bull market kicks into gear over the next 6-12 months, particularly as silver clears $40 and again nears its all time nominal highs of $50.
Global shortage? Time to stack while silver is CHEAP! I have 8 years to retirement so today's price doesn't matter. Put it in the bank at .01% interest????