Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals said that he is now seeing physical shortages in the silver market. November 14 (King World News) – Egon von Greyerz: “Eric, there are shortages of silver. And there is always a delay in getting silver. We deal mainly in the 1,000 ounces bars, but if you go to kilo bars, there is now a six month wait for those from the Swiss refiners. This is why people who sell the smaller bars can charge massive premiums — because of the (shortages and) delays. The price of silver will reach hundreds of dollars…to continue listening to Greyerz discuss the shortages in the silver market and much more CLICK HERE.
Egon von Greyerz Is the only silver Gold commentator that I watch, just like Marc Faber, he is straight to the point and makes short speeches. No talking around the bush or until the cows come home.
Andy Schectman just did a interesting interview with Palisades Gold Radio. Covers a lot of interrelated topics. Love his description of the price drop early this week. Time Stamp References: 0:00 - Introduction 1:10 - Gold a Drive-By Shooting 2:50 - Who is Responsible 4:25 - Bullion Sales 9:45 - New Presidency and Spending 13:20 - Bullion Storage Risks 17:50 - The Little Man Rule 23:20 - Comex & Deliveries 29:30 - Insiders & Smart Money 33:40 - New Bretton Woods 36:30 - Digital Currency + Gold 39:20 - New Currency Advantages? 45:10 - Banking Sector Problems 51:20 -
If there are plenty of large industrial bars around but not many 1Kg it sounds more like a production shortage than a metal shortage.
It's the other way 'round. An increasing demand, decreases market/dealer stocks, that then increase price. On the moment of an excess, the price is low. On the moment of a shortage, the price is high. The shortage is solved by speculators selling silver, increases market/dealer stocks again, that then decrease price. The future looks fine for buyers. The governments corona terrorism has crippled economies. The consequences are now held hidden along government sponsoring. The road to disaster. It will be similar to 1 century ago.
I don't get it. Why would anyone believe that silver is going up to hundreds of dollars per ounce? That's kooky. Don't all these kooks have a conflict of interest in that they're trying to get you to buy metals from them? Or complicated PM investment vehicles? I thought all these flakes were discredited years ago. They were predicting absurd hundred dollar prices a few years back. Lots of people have lost lots of money putting it all in metals.
