Silver shortage is real

he has gov mint coins and larger priv. mints. no need to be so angry.
ebay.com/sch/militarychad/m.html?_nkw=&_armrs=1&_ipg=&_from=

you need to worry when the price of silver funds is running 1/5th of physical

that means either
1. the paper funds aren't actually backed by silver
or 2. the shortage is artificial or confined to physical sales

either way a wise buyer would want to know. This looks like panic buying and price gouging, which will die in a month or two.

as proof i'm not shilling for one ebay seller, here is another with some gov mint coins. if you're in the US you can literally buy .9999 perth mint bars right now if you are willing to stop sperging over "the premium". shut the FUCK up about premium, spot price doesn't matter anymore. you will need to pay $24 minimum for 1 oz of .9999 gov mint silver. simple as that. and that's still a great deal.
ebay.com/sch/sisson/m.html?_nkw=&_armrs=1&_ipg=&_from=

dumbfuck late-comers getting mad for no reason, like this faggot ()

Yea he conveniently left that out. We know it’s $18+

I agree though, I bought mine from JK at 17. IDGAF because this will be hot in price soon.

i paid $20.50 for perth mint kangaroo 9999 silver bar from JMBullion and have zero regrets, back when there was no supply limit and spot was like $17. now the news is perth mint is closed and you're all bitching about a +4 increase in premiums??? holy shit, you should be thankful there are perth mints still available for under 50/oz given how badly the AUS stock market is doing. next it will be the real estate market, and given how close you are to china and how many chinks are in your country, you're going to get harder hit than the US.

if i were an Ausfag i would be buying as much 9999 silver and gold as i could find.

>the paper funds aren't actually backed by silver
Bingo

This is like 2008, same uptick in demand and physical shortage with price decoupling.
Go buy some boomer stocks before the dow = 1 Au oz

I need to wait until JUNE just for some fucking leafs.

Attached: silver maples.png (954x727, 29.3K)

>faggot
no u

My other usual dealer is also completely shutting down due to overcrowding in the show room and no supply.

Attached: bullion dealer closed.png (769x499, 53.63K)

/thread
wait with buying

>Bingo
afaik the stocks backing funds are millions of times larger than the quantity available for purchase on eBay.

so if there's a shortage I'd personally bet money it's on eBay, not the funds.

but it's fine if you bet the opposite. No harm to me.

i didn't realize the screencap would not cover prices. anyone can just look up his username and see the prices. we already know they're going to be higher than spot. let me reiterate, spot doesn't matter anymore because once it dipped below a certain threshold, everyone rushed to buy and thus the main retailers sold out. even Apmex, one of the biggest ones, has a shipment delay warning and $299 min order notice now.

i know many are wary about ebay but you just have to find a good seller based in your country with 100% feedback across 5-10 years of account history. obviously don't buy chink shit, and call up your local coin shops. if you want to sperg about authenticity look into how to check that. i don't buy from ebay often but when i do i do basic checks like with a strong magnet and with hot water to see if it conducts heat fast. also easily done with an ice cube.

not trying to shill ebay but if you fuckers are late to the game that's one of the remaining options. trying to be helpful. i'm browsing ebay myself for some last minute buys. the situation's getting bad in the US too.

>i'm browsing ebay myself for some last minute buys
I've been watching morgans in circulated condition. there's no real shortage of shit silver in US coinage. It's overpriced tho.

Based retard.

>make money
>accumulating more dirty fiat
the dealers themselves don't even want this shit

it's overpriced because of quarantines/lockdowns probably...even though the USPS is still running, these sellers are using the covid scare as an excuse to jackup prices. keep in mind ((((ebay)))) taxes the fuck out of sellers 10% on the final sale as well as 10% of the shipping price. so they get double-fucked on fees from ebay and paypal, thus they can't really offer at 2-3 dollars over spot. they also have to pay the USPS postage fee to ship, which gets high if you go over 13 oz.

They're not "out of stock" user they're hoarding it to artificially inflate the price once a bunch of dimwits start panic buying it.

My dealer messaging me about the disconnect. Very redpilled and based.

Attached: disconnect.png (917x742, 104.72K)

oh I know. I sell on eBay. A few thousand dollars a month which works out to almost nothing after eBay and PayPal fees.

buying it an oz at a time is horribly expensive, but eBay sellers don't go for big sales with small margins. To me it's like the toilet paper thing- anywhere the public shops is sold out. But that doesn't necessarily indicate an actual supply problem.

Nobody is gonna sell at 12 bucks you faggot. Basic economics happening finally.

Where the heck is silver going guys and should I stop buying it and get some gold instead? I am a stacklet. 70 oz silver. I can get 100 oz more or get 1 oz gold

I'd agree if we actually measure how much is in the public's hands vs. stocks on paper.

my guess is every owner of physical PM's in the world couldn't match a fraction of the paper silver out there. Physical is nothing compared to actual amounts in warehouses.

How can one man be this based?

oh yea i try to avoid buying 1 oz at a time. only did that once. usually go for 5-10 oz minimum. that's still not a whole lot but you get slightly better averages. there's probably options outside of ebay like just pulling up google maps and seeing what coin shops are probably willing to ship if you email them about a large enough order size. good luck with the morgans

it would be based and redpilled if he included rant about how the jews and JPmorgan are hoarding silver and buying out silver miners.

Assuming that financial market wont completely collapse? Is this the time to speculate on paper silver? We've seen a massive rise in price of precious metal after 2008 crisis

looks available to me

Attached: stock.png (989x231, 23.65K)

>good luck with the morgans
thanks!
I'm not really buying though, just watching prices on physical silver. I have a shitload of it sitting around but I'm not looking to sell. It's trash I throw in a bucket so when I die my kids can find some treasure.

100% premium lol

current spot is fake

no u

The bears here are mostly correct in comparing it to the toilet paper shortage. The mints and miners can probably accommodate the increased demand in the long term.
We saw this exact same thing happen in 2008. Silver was completely smashed down to 8 dollars but it was impossible to buy for less than 15. After that there was a pretty epic price rally, but it was short lived and followed by a decade long bear market. We will probably see something similar this time.
Coin shops and other dealers have had really hard times the last decade. It makes no sense for them to have massive stockpiles of coins lying around, so it's completely natural for them to sell out or hold out when demand increases 5 fold out of nowhere and the price goes to shit.

>Is this the time to speculate on paper silver?
sure, but you have to understand the rise in price is actually a fall in the dollar. So it's not really speculating if you hodl

you're just hedging against inflation. Which is at least as good a plan now as it was in 09

During a depression which we are undoubtedly in, base metal mining will scale back considerably.

Where does most silver come from? It's not from silver mines, it's from base metal mining. Silver shortages are here to stay, get some while you can.

It’s worse this time, its global and the price differential is more severe and it’s just beginning

Yup, mostly copper processing

>During a depression which we are undoubtedly in, base metal mining will scale back considerably.
true facts

I'm a metals mining contractor. In '08 my biz took a million dollar hit in sales that didn't recover until 4 years later. Metals mining will temporarily shut down.

but on the flip side demand will also shut down because the industries that use metals are also going to close. So the entire market goes from industrial to speculative. Speculators can win big in that gap, but in time the gap closes again.

Thx, l think I'll drop some funds into this

no worries

I'm not going to.

If you want actual gains gauge the bottom of the stock market or crypto and buy big. But then that could be a losing proposition too. It's a gamble. Silver isn't much of a gamble, but it also doesn't win big.

If China went to a gold standard (inevitable), overnight anybody who owns a significant amount of silver would be wealthy beyond their dreams.

silver went price $ 46 year 2011

and now global economy situation is much worse

why would china pay to print paper when they can do it for free?
oh it hit $50 for a minute. It'll probably break $50 this time around. But to keep it there means the dollar becomes worthless, which is an extraordinary position.

I'll definitely buy whatever a failing company whose share prices went down 75% in 2 years wants me to buy.

The Fed is printing at least 5 trillion this year and you think the US dollar won't become worthless?

Interesting... let's see how this plays out for you.

>But to keep it there means the dollar becomes >worthless, which is an extraordinary position.

well FED prints now astronomical amount of US dollars, so US dollar losing its purchasin power

look what has happened currency value when governments has started money printing

Wouldn’t be surprised if governments start seizing miners or the miners are forced to sell shares to governments to be bailed out.

Ok, I dropped 10% of my funds into paper gold and silver, we'll see.
I'm also eyballing palladium and platinium ETFs, but I'll wait for the industry to grind to a halt,cause they are mostly used in catalytic converters and electronics.

almost all of that paper will evaporate before it enters public circulation.

the error in your thinking is that money is real, and most of it is in the hands of consumers. This is just numbers on a screen, and the public will never see almost all of it. Personally I think we should have 2 dollars, one for public use and one for company/gov use. Because honestly the two don't mingle much at all. More than 90% of the dollars that go into corporate hands will never reach yours or mine.

>bought ETFs and not the real stuff

YOU BLEW ITTT

Attached: 1584762459169.jpg (2021x1728, 767.77K)

Silver shortage is a "shortages" in the same extend we have a toilet paper shortage. The value is not going up (right now) but local demand has.
unlike Gold, Silver is not currently being used as a store of value to any significant degree. +95% of all tangible silver is used in Industry and jewelry. The silver coins and silver bars where there may be local scarcity is less than 5% of the Silver market.

You sound like the kinda guy that will be melting down electronics so you can get some silver for a piece of bread in the bread lines