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I think there will be a lower POS with a combination of factors that will push it down (hospitals overwhelmed, associated herd fear amplified by the media, unemployment, death, collapse of industrial demand, buffeted by supply constraint). You’ll see some of those variables are emotion based and...

1. Yes, I think demand for most things outside daily necessities and some entertainment dries up in a depression, outside of war. 3. Depends. If you have plenty, why buy more? You’d be waiting for a better time to top up or just sit on your hands and go for equities at the coming bottom which...

There was a narrow window to buy at the bottom and even then just a smattering of dealers online that you got the full benefit of the drop. You could watch that in realtime in less than 10 minutes. Right now immediate delivery supply is mostly gone but still some there at the price silver was...

https://www.kitco.com/news/2020-03-17/Pan-American-Silver-temporarily-suspends-mining-in-Peru.html “The world’s second-largest primary silver producer, Tuesday reported that four mines in Peru are being temporarily suspended due to government-mandated restrictions. The Peruvian government...

ASE Monster box is now cleaned out at APMEX except at the price of an eye popping $12,150 USD! The only other monster box is *pre-sale*, Krugerrands at 8900. Everything else is “Alert Me” :eek:

It’s an auction The only person that genuinely did have an obligation was the highest bidder (Also the OP) The highest bidder did a runner. Nuff said. You decided to buy it after all - it is a nice piece. Even iconic. But you weren’t placed in that situation.

You were also outbid and while it is your decision to buy, you were under no obligation having been outbid. There is no rule to say if a bidder outbids you and then welches on their bid, over to you sonny, the bag is all yours!

That’s leftist thinking He was outbid, by you “just to participate (lol)” then you were outbid. Then people shat themselves, probably having never seen this before in silver, maybe elsewhere too. You can’t admonish this guy for retracting a bid that was extinguished by yours. There’s no case...

As you can see there are a variety of views, to suit different tastes. Each to their own. I think now is an interesting time because of volatility. We’ve dropped from a recent high of around $28 AUD to around $21 in short order, with a bounce off $19. I might be wrong for saying this, but I...

I doubt it - but at some time in the future people will know the full scale of this worldwide event and once the initial scary bits are done with, a new normal will set in and markets will stabilise Many scary bits are yet to come, so I think we’re not quite done yet with Rhodium. Rh had a...

Don’t know...there were some very steep discounts in the US (all stock picked clean off the online shelves now) Re:replenishment - I see ABC Australia now looks out of stock for kilo bars and a few minted rounds eg the roo. 5kg bars are still there and their own minted round at a premium...

It’s a rational business decision. They won’t be in business long taking a loss.

Inventory will come back. Still there in bigger Australian sites, but the US is another story at least with silver. I’ve seen this sort of dip before a couple of times. I think there was proportionately something like it in 2008 and then again after the ATH in 2011 after the bull ran out of steam

It was even better buying for all of 5 minutes 9-10 hours ago. In the USA, there were ridiculously low options. I’m not sure there will be much left in the next leg down

Physical metal is being cleaned out or vendors are jacking their prices. The price in AUD terms is roughly where it was this time last year. In USD terms it is a good buy. If the price stays down I think supply is going to dry up and that will propel the POS up and ultimately the miners when we...

Aaaaand it’s gone! Gainesville has no monster boxes of ASEs - next shipping date 29 MAY 2020! And the price? “As low as $9875” (USD). Before NY opening it was as low as 7700! https://www.gainesvillecoins.com/category/43/american-silver-eagles So, there may well be a disconnect for physical...

Lol

Not in the gfc, until several years into QE Right now it’s volatility and there was a screaming buy but it was over in about 5 fookin minutes , not enough time to get my old account details in order.Sheesh.

Damn it took too long to get my account in order and I missed that historic drop to almost 19 dollars AUD flat - that was literally just a few minutes! It’s less than 10 minutes to US open and already near 21 AUD. Bugger!

Yes, by a country mile, but it is an example of the thinking of people who hold physical silver. It’s paper that is selling for that is the most liquid. In physical land, if it comes to that, it will be later. This is silver off the cliff. It has to bounce,