More rigging of markets in the capitalist USA.Silver futures margin increased.
That will stop silver moving up as fast as it could.But it will not stop the public seeking real silver and gold.Sure,that is only happening a little now.It is certainly going to happen a lot more in the next year or two.I just bought,or rather,order some silver ounce coins in NZ. Delivery,sometime in November.
The main supplier of silver to the public now is the private NZ Mint.They had a previous margin of 16% which was high by world standards. As Matthey Garrett is out of the business in NZ now,the premium is up to 18%.On a coin with 1 ounce of $12 silver,that premium of $2.16 now looks rather a bargain,compared to the over the spot rates now occurring in the USA..I called the NZ Mint,I think it was Tuesday and my contact was a tired man:they had had their busiest day ever;no time for lunch,it was non stop telephone orders and 2 very sore ears.
With silver I think it might pay to have a variety of sizes.Heck,one ounce pieces could be useful for buying with,something 5 kg bars will not normally do for.Oddly,though 1 ounce coins seem to involve,from my perspective,a lot more work-stamping,cellophaning et cetera,they sell at the same mark up as the larger bars.
You know,incompetent govt and corrupt banks and investment banks have made this problem hitting headlines .They will break the dollar,that seems inevitable.Then what?The people that got us,the world of us,into this mess-will offer a solution of a new kind of means of financial transaction.
Would you trust the motive or method of such a group?
Be kind to one another.
