THE FORCES THAT WILL PUSH SILVER OVER $100 By Steve St. Angelo

An excellent read.

SNIP

http://www.tfmetalsreport.com/blog/4324/guest-post-forces-will-push-silver-over-100-srsrocco

 

yeah, the whole silver is in surplus things been a bit of a nonsense.

 

I wasn't aware that until 2011 the Chinese couldn't own silver coins - if that's the case, then where has the market been for all the Panda coins?

 

I'm guessing yennus

 

Just notice the frog on the picture really enjoying laying on the leaf....Wish I could do it everyday because silver rocketed so I can just lay down and relax.

 

Thanks for that! It was a good read.

 

It's an okay article... He does seen to think that silver is 'consumed' a lot, and seems to miss that existing silver may not be in strong hands.

A good article for confirmation bias me thinks.

 

Here in the states there seems to be a growing silver and gold recycling business. There are a lot of videos on YouTube on scrapping computers and cell phones for their silver and gold. There are also companies buying used smart phones to scrap them out so I don't see any near term potential shortages. Also, all of the coin shops in my area seem fairly well stocked in circulated silver, junk silver and new stuff. The only shortages I've seen locally in gold is 1/20 oz. coins, they seem to get snapped up pretty fast.

 

at current demand?

 

I deal locally with 3 shops one is in a nearby fairly large city. He usually has 200-300 ounces of circulated generic rounds On a regular basis and sells them for $.50 USD over spot plus tax. The last time I looked (3 weeks ago) he had approximately 30-40 circulated ASE's. Those can be had for $3.00 over spot. The other 2 dealers usually have 40-50 ounce circulated generic rounds and bars in stock but they are smaller shops. All of them I can get gold from with no problem in 1/10 - 1 oz. sizes.

 

A few hundred ounces is hardly going to suffice when people start to jump on the wagon and no-one is parting with their physical in order to create a resupply, there were some mighty long queue's for silver during the last rise to over $40 even buying directly from the Perth Mint and many smaller online dealers seemed to suffer from internet problems on price spikes for some strange reason.

There is only so much to go round and at some point demand will outstrip supply.