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Old 05-11-2014, 11:58 PM
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Default “Global Scramble” For Silver – Coins “Hard To Get,” “Premiums Likely To Jump”


Silver in USD – 5 Years (Thomson Reuters)

There is blood in the streets of the silver market with futures speculators long silver, again having their heads handed to them on a plate and incurring sharp losses. However, the silver sell off has again seen a global scramble for physical silver.

In recent days, there has been a global scramble to acquire silver bullion coins and bars after the price falls according to Reuters. Maple Leaf silver coins are difficult to acquire according to bullion dealers, with the Royal Canadian Mint on allocation from September. There is a concern that supply times will increase and premiums are likely to jump according to Reuters.

“A tumble in silver prices to four-year lows has triggered a global scramble by consumers to purchase silver coins and bars, as the spread between the price of the metal and gold reaches its widest in five years.

Retailers and distributors in Asia and the United States said they were struggling to get supplies of items such as Canadian Maple Leaf silver coins."


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Old 06-11-2014, 06:41 AM
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this is intesting . bythe time silver reach the lowest. most items might be sold out...
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Old 06-11-2014, 08:25 AM
GoldScaraB GoldScaraB is offline
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It is the price that will determine the availability
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Old 06-11-2014, 10:13 AM
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US reported that ASE sold out!!

saw this in another forum.
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Old 06-11-2014, 10:15 AM
daniel6886 daniel6886 is offline
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Quote:
Originally Posted by ShawnAG View Post
US reported that ASE sold out!!

saw this in another forum.
Nov 5 (Reuters) - The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following "tremendous" demand in the past several weeks.

In a statement sent to its biggest U.S. coin wholesalers, the U.S. Mint says it will continue to produce 2014-dated coins. The Mint will advise when additional inventory will become available for sale without providing further details.

The announcement has not been made available to the public, but a U.S. Mint spokesman confirmed that it has sent the statement to its authorized participants.

A sharp break in gold prices to their lowest in more than four years last week has unleashed a surge in demand for silver and gold coins in North America and Europe. (Reporting by Frank Tang; Editing by Nick Zieminski)

http://www.reuters.com/article/2014/...0SV2RP20141105
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Old 06-11-2014, 10:29 AM
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There are mines withholding sales as well.

http://sgtreport.com/2014/10/silver-...to-low-prices/

If your computer says the price is $15 an ounce, then ask your nice computer to sell you the silver. I am not selling mine at $15.

Is this going to be the point where physical price breaks aways from paper spot price? If so them we will see paper spot goes down down down as less people goes for paper and physical price goes up up up.

Perhaps its time to stop monitor USD and SGD spot price and start monitoring physical coin/bar price instead
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Old 06-11-2014, 10:33 AM
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Not willing to pay high premium for bullion coins .
Paper flipping will be much faster

dun let those mint b*s* on those sold out news . Totally rubbish . They might as well close down .
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Old 06-11-2014, 11:56 AM
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Quote:
Paper flipping will be much faster
If paper flipping, can flip futures of commodities, interest rates, fx, stocks & bonds. Why flip paper in precious metals? Fever?? Haha
Unless hedging for physical delivery that may not deliver.
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Old 06-11-2014, 12:40 PM
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Quote:
Originally Posted by GoldScaraB View Post
If paper flipping, can flip futures of commodities, interest rates, fx, stocks & bonds. Why flip paper in precious metals? Fever?? Haha
Unless hedging for physical delivery that may not deliver.
Not having a fever . Thanks .
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Old 06-11-2014, 01:05 PM
Roborovskii Roborovskii is offline
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Quote:
Originally Posted by lim View Post
Not willing to pay high premium for bullion coins .
Paper flipping will be much faster

dun let those mint b*s* on those sold out news . Totally rubbish . They might as well close down .
Can't blame the mint or resellers, they are running a business and would rarely sell at cost (much less a loss). Although it would be nice to see a more honest declaration: instead of "out of stock" they could display "not for sale". Those selling at premium are likely the lowest they can afford to keep their business afloat.
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