Bullion shortages coming

Discussion in 'General Precious Metals Discussion' started by switchtronics, Mar 16, 2020.

  1. switchtronics

    switchtronics Active Member

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  2. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    I always take most of Mike Maloney's commentary with a grain of salt given he is a bullion dealer, thus has a vested interest in ramping up demand etc...He could be right but I'd like to hear other bullion commentators weight in with the same view first before taking MM at face value.
     
  3. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    when silver stacker members become tight asse's selling silver thats when ya know you have a shortage out there.
     
  4. Talisker

    Talisker Member

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    Everyone is pretty much sold out or suspended trading. They really want everyone out of the market , best to just stay the course.
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Businesses make money on moving inventory. If there's no new inventory coming in due to low prices, they will be burning rental and wages. If I'm a mine, I'll keep the metal in warehouses rather than sell to the refiners at this kind of pricing.
     
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  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    He could finally be right now that nobody is listening to him
     
  7. switchtronics

    switchtronics Active Member

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    The price drops certainly will make it difficult for dealers hedging
     
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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Bullion Now removed most website items overnight.
     
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  9. slavaja

    slavaja Well-Known Member Silver Stacker

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    More like they got bought by other people
     
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  10. HanSolo

    HanSolo New Member

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    Called Bullion Now today and they told me that due to huge demand they have pulled most offerings to catch up on orders and work out what was sold in store and online. Gold Stackers are not even answering the phone...
     
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  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    See latest Bullion Now video. They have the stock if you have the money
     
  12. HanSolo

    HanSolo New Member

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    They must be overwhelmed because I have orders since Fri that they haven't even acknowledged that they got the money hope they catch up soon so I can load up a bit more.
     
  13. 66rounds

    66rounds Well-Known Member Silver Stacker

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    It usually takes a few business days. As long as you quoted your order number in reference you'll be fine.
     
  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  15. Slimey

    Slimey Well-Known Member

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    Always happens after every major drop. Money waiting on the sideline. But how much? I wonder if we had a series of drops with small rises in between would the demand still be there or would it scare too many potential investors?
     
  16. SilverJJ

    SilverJJ New Member

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    Given the sellouts by bullion dealers, isn't it easier and cheaper to just buy from the Perth Mint?
     
  17. HanSolo

    HanSolo New Member

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    Anyone been able to contact Bullion Now? Can't get through to them and they have not replyed to my email. Trying to find out what is happening with my orders.
     
  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Given the foot traffic they had last week, I would say they are still catching up. They are a team of three in a small shop front. The land line is always busy so I would just wait for an email reply
     
  19. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  20. SilverDJ

    SilverDJ Well-Known Member

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    Been interesting watching his recent videos. It was 100% bullish on silver until the recent plummet, now he's kinda quiet on it, and you can tell that he knows it's not going to recover any time soon. He'll likely be right on the long game with silver, but it seems that long game just keeps extending.
     
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