Replies to post #27425 on iShares Silver Trust (SLV)

[budmgd]

No worries....I was just responding to your post stating that you can't find any silver anywhere for sale. :)

[jt6455]

There has been a ~20% premium on silver bullion over spot for a couple years. Chinese and Indian citizens were paying well over that premium as they would typically have to change into the USD before purchase.

These days I don't know if that's the case for Chinese citizens. They own much of the bullion already and forex as well as not giving a rats a$$ about current international monetary law. Hence the numerous bi lateral swap agreements with Russia India Iran Australia Brazil etc

Bottom line is "wait" is what broke the wagon and waiting will not necessarily make bullion any cheaper imo. Derivative paper has a very good chance imo but the phyzzz is a totally different story.

GLTY