Can retailers or mints in Australia corroborate Chris Duane's claimed collapse of Silver retail ? Does the Perth Mint publish monthly sales? Cheers
Indeed they do http://bfy.tw/DQ0K There wont be a "collapse" in retail silver. Still too many heeding the words of Baloney, Schiff, Rogers et al.
People I speak to say investor sentiment, gold and silver, is really bad. Not surprising when price going sideways - for a dealer a sideways market is worse than a falling one, as there is no clear trend for people to act on and therefore few transactions. As one dealer said to me, No Trend Is No Friend.
How can you expect to sell it when Marc Dice can't even give it away? People Choose Free Candy Bar over Free 10 oz Silver Bar (Worth $150) in Experiment
I just keep thinking how many millions and millions and millions of ounces of silver are out there. As people see it's not a good investment and hasn't been making them money they will keep selling it. We've had an astronomical amount of silver bought in the last 15 years. Now it's all sitting out there. If people don't hold it and it starts to circulate in the secondary markets, then nobody is going to buy from retail. We will be flooded with previously owned silver coins far over the demand. At some point people either need to sell, or want to sell because they just want ANY money back to find better investments. Plus the high rate of silver buying in recent years is a lot of people with extra money buying neat coins they like. Just look how many different types of coins are out there and how decorative they make them. I've noticed on ebay that major amounts of sales are single type coins like that. Not huge lots. If the economy slows those people are not only going to stop buying because of lack of funds, but also sell what they have. I just think we could see some massive slowing in sales and huge selling off of silver. I've actually sold most of my silver recently. The dealers would only pay 60 cents under spot. For anything! Maples and eagles only got 40 cents under spot at best. That was from all dealers in my city. They all wouldn't pay much. When nobody is buying expect it to get worse. I saw another guy on another forum say in his city they wouldn't give him anything but $2 under spot. They aren't going to give you much or buy at all if nobody is buying from them. Things are just not looking good for silver.
Noxx Says: "I just keep thinking how many millions and millions and millions of ounces of silver are out there. As people see it's not a good investment and hasn't been making them money they will keep selling it" Silver doesn't have to make you 'MONEY', because it is 'MONEY' - real money-- - not currency. _JLG.
why doesn't someone experiment and take the silver bar and smack it over his head, Marc Dice is a DH.
Back early 2011, when silvers price was driven up from $32 to $50, the Kitco forum was full of happy people praising silver. It was the worst period in 4 decades to buy. And now in 2017, when silvers price was driven down to $15, the silverstackers forum is full of sad people dumbing down silver.
Andy is an angry guy shooting from the hip, I've had my runs in with him http://www.perthmintbullion.com/au/Blog/Blog/12-10-31/Response_To_Miles_Franklin.aspx
The end of "toy" retail silver, hopefully! I honestly hope it's the end of every YouTube idealogue & conspiritard moron releasing their own ugly af silver rounds with preposterous premiums and zero backing from established mints/sovereign currencies. Educated, balanced and diversified hard-asset investors aren't going anywhere and long after the Alex-Jones BS-swilling dummies have been fleeced there will still be shrewd folks happy with their sensible stacks of metal. Of course, another hysterical spike in price wouldn't go astray either lol. My 2 cents. Have a lovely day guys
The lad from Perth, Orstraya gets around a bit. What's with the Country - Singapore address, Bron? _JLG.
