German Order volume for physical precious metals @ absolute record levels If you aren't speaking german (and we suppose you aren't), we'd like to summarize the most important facts from the below excerpt for you, published by one of the most important German precious metals online shops, westgold.de: - this monday (September 26) was the day with the hitherto highest sales in the history of the company - the former sales peak was exceeded by around 50% and absolute capacity limits were reached - telephone communication temporarily collapsed - demand in the entire market is about 200 to 300% above the average of the past years - the seller-to-buyer ratio is currently at about 1:20 (while it was somewhere between 1:4 to 1:8 over the past weeks) Pretty incredible numbers from Germany. Is a global shortage for physical percious metals coming? Is there tremendous demand for physical metals, as well?
Their banks are a tad bit closer to collapse...some having lost 90% of market value. Deutsche Bank alone is a mess. Nun kaufen die Deutschen also alles was sie in den Fingern bekommen koennen. How are premiums looking though? Is it more the lower price or current financial and political instability? Or the combination?
+1 http://forums.silverstackers.com/uploads/2595_saupload_4384.jpg Too many bad memories...[/quote] I took a look at the hyperinflation article on Wikipedia yesterday and was damn surprised at the number of countries that had experience regards to it... China, Germany, Hungary, Argentina etc Bet they're preparing again now.
I speak a little German, it was asking to please 'speak slower'. Although I do love a 'cald Lwenbru' - pronounced Loo-ven-broy
Okay, people in Australia are more relaxed - i appreciate that ... I'd like to know something about the physical demand in your home country, no matter where you from? Thank you for your reply!
By many reports on this forum, people have been queueing up at suppliers offices a lot over the last 6 months, some of our favourite dealers have run out of stock and closed their sites temporarily more than once this year, so I would had to guess that there supply shortages of silver in particular in the forms that people want to buy most.
Supply is definately down. The options are also down. Demand seems to be up a lot but that is probably mainly due to the bargain prices at the moment.
Just had relatives return from a German Austrian Holiday.They were shocked at the massive drop in real estate prices through out Germany. Their labour market has already been under pressure the last few years with many people receiving lower wages than they have in decades past. Were still pretty isolated here in Oz and have truly not felt the sting of the GFC like other countries yet. Agree with Sargent Argent with these low prices and the EURO in the Shiezen housen why not convert into physical. REDBACK
I'm guessing like us anything that has stood the test of time like Ducats would be easily recognised and tradable.
