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Re: ironyman post# 4769

Monday, 04/05/2021 11:29:06 AM

Monday, April 05, 2021 11:29:06 AM

Post# of 5295
Irony, I used to buy about 10 - 10 ounce silver bars, every 3 months and just stack them in my safe. I bought them anywhere from 16 to 18 dollars an ounce, with reasonable premiums.

I had two suppliers and both of them are now taking pre-sale and wait and see orders only, with very little in stock. What they do have are high premium items.

https://www.reuters.com/article/us-usa-precious-coins-demand/gold-silver-coin-demand-surging-straining-u-s-mints-capacity-idUSKBN2A22Y6

It is also seems curious to me, that the news media barely mentions this shortage. Could it be, that green energy plans need silver to remain suppressed in price?

I mean, the media was quick to report on toilet paper shortages, which had people paying two to three times its normal cost, but silver remains the commodity shortage, that nobody wants to report on.