May 1st 2013..

Ronnie 666 said:
This is well timed as the silver supply is already under huge pressure. A big chunk of silver taken off the supply market will add much more pressure and who know we may all be rewarded with higher prices.
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Really?
ETF monetary demand stalled since 2011.
Only stackers monetary demand retained its buying continuation.
And it's not enough to absorb the new produced silver.
Without US Mint and others sales tripling from todays level, this won't change.
So every year, a part of the supply isnt absorbed.
So every year, the price will drop.
Until it again does.
The $32 > $50 move in 2011 was due to a single ETF that bought a third of worlds supply in a couple months (to then dump it all again in a few days).
Serves as a good indicator of what is needed.
 
goldpelican said:
Sigh... guess you all want a coupon code or something for the day.

Buy Silver on May 1st - sponsored by my barefoot kids eating 3 minute noodles (can't afford the 2 minute variety).
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NO!!! (reverse phsycology)
 
Unless supply drops, it will require 200 Moz more bought every year. US Mint sells a 40 Moz, Canadian Mint a 20 Moz, Austrian Mint a 15 Moz. Add some smaller and private mints, let's say 100 Moz combined.
So they all need to double their sales.
US Mint to 6 million ASE's every month.
I can buy 1 monsterbox annually.
100 Moz is 200000 monsterboxes.
So it needs 200000 people like me MORE than today, to replace the paper/ETF demand.
And nobody selling!
Go go go
 
long88 said:
anyone wants to buy my silver?

i think it will be a good day to sell, as it will reach high premium
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A couple months ago everybody would have jumped in your neck after seeing $25 haha.
And they complained about premiums then too.
 
long88 said:
anyone wants to buy my silver?

i think it will be a good day to sell, as it will reach high premium
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Post it up, I believe we'll be able to help you with this. Unless you want ridiculous premiums.
 
I'm all for a mass buying.I've nearly tripled my ag in april so far and a few more rolls wont break me,but if the premiums go ballistic,I'll buy on may 2nd. Good luck to all.
 
In the real scheme of things it doesn't matter when you buy but you can't be part of the group who buys on May 1st if you don't buy on May 1st.

Then you will not be able to tell future generations how you took part in the take down of whoever it is we are trying to take down. Your loss!
 
If I buy tonight Vic Time the order will be processed tomorrow morning and thus being a 1st May purchase

Now for GP to release that code
 
Presumably that is May 1 US time. Perhaps aussies could drain dealers stocks before US wakes up on May 1. That would be kinda fun.
 
Ernster said:
I dunno about all of you, but I'm buying May 2nd. (if this plays out)
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If it plays out won't demand grow, supply diminish and prices rise? I am not sure it will have anything more than a symbolic effect anyway.
 
I was gonna buy more last week but decided to wait til the first just for the cause of it.I'm not sure what this would do but I'll contribute just out of curiosity.
 
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