At least Pandora is 925 haha most of the other jewelry like Swarovski is just base metal that is rhodium plated. So I don't think we will get lines of Joe and Jane six-pack lining up to sell their saved silver items, come the next silver rally.
Bullion Direct Having supply problems
- Thread starter Clawhammer
- Start date
Its strange for Bron to make a comment like silver refining will be backed up as people line up (like in the 1970's) to sell their silver heirlooms at a 30% discount when the Perth mint curremtly pays a "healthy" $17.54 per fine oz (silver coins) based on Fridays LBMA silver spread - $20.51-$21.18. That is already a 20% discount ?
You'll notice Bron does take a more "mainstream" unfavorable view on silver where possible.
I am doubtful that Bron knows the full circumstances of the 1980's peak as I think he was very very young and gathers second hand information in forming his understanding. Yes silver that requires refining vs. silver bullion ready for resale are two completely different animals, conflating the two was an error.
Today if the paper market rises, bullion buyer will be falling over backwards to buy, as they sell the metal immediately and buy it back when selling to customers (hedging). Thus good dealers have little exposure to prices as they buy and resell to lock in profits. The greater the turnover the greater they make profits.
Things have moved forwards and we can learn a lot from the past.
It's up to you when or if you sell during a time, who knows what the peak will be so saying sell before the peak is just nonsense.
I am doubtful that Bron knows the full circumstances of the 1980's peak as I think he was very very young and gathers second hand information in forming his understanding. Yes silver that requires refining vs. silver bullion ready for resale are two completely different animals, conflating the two was an error.
Today if the paper market rises, bullion buyer will be falling over backwards to buy, as they sell the metal immediately and buy it back when selling to customers (hedging). Thus good dealers have little exposure to prices as they buy and resell to lock in profits. The greater the turnover the greater they make profits.
Things have moved forwards and we can learn a lot from the past.
It's up to you when or if you sell during a time, who knows what the peak will be so saying sell before the peak is just nonsense.
Born is also under the incorrect assumption that mining supply is going to be constant or increased. It is very likely that the supply from mines will significantly diminish - as is currently the case. I feel very comfortable hanging onto silver and will be certainly happy to take the risk of a 30% fleecing (only 10% more than the current PM buy back price) should refineries be choked with tons of 0.925 buy backs at some future date.