lets discuss this again?

[thing]

Ok, Im sure that this has been discussed before, but just to throw it out there again. Ok silver is way down almost 2/3 since july 2011. With the price being this low one would think that silver would be easy to buy at coin stores, but every coin store I have been to is completely out of silver of all kinds. Any one wish to guess why the price is so low if the supply is non existant too? that seems to go against econ 101. Anyone with a slightly more advance understanding want to chime in?

 

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[fish on!]

Ok, Im sure that this has been discussed before, but just to throw it out there again. Ok silver is way down almost 2/3 since july 2011. With the price being this low one would think that silver would be easy to buy at coin stores, but every coin store I have been to is completely out of silver of all kinds. Any one wish to guess why the price is so low if the supply is non existant too? that seems to go against econ 101. Anyone with a slightly more advance understanding want to chime in?

It's because U.S. silver coins represent a very small portion of the world's silver. The silver spot price is what silver is trading at. When the price of silver is low then people who want to stash silver coins buy whatever they can get their hands on and relatively few people that have a stash of silver coins are willing to sell them when the spot price is so low. Also, many coin shops that bought their coins when the price of silver was much higher will take inventory off the shelves so that they do not lose money on it.

 

[ArkieBassMan]

It's because U.S. silver coins represent a very small portion of the world's silver. The silver spot price is what silver is trading at. When the price of silver is low then people who want to stash silver coins buy whatever they can get their hands on and relatively few people that have a stash of silver coins are willing to sell them when the spot price is so low. Also, many coin shops that bought their coins when the price of silver was much higher will take inventory off the shelves so that they do not lose money on it.

This.

Also, speculators buying and selling "paper" silver greatly influences spot price.

 

[SilverHoarder07]

You can order on bullion sites with success. I use providentmetals and just ordered 3 ten oz bars with free shipping.

 

[TreasurePirate69]

Just remember that econ 101 is full of simplifications that are rarely true when applied to the real world. Economists are some of the most confused people in the world.

Coin sales represent any extremely small portion of the total amount of silver in the world. Just a few local speculators rushing in to catch the falling knife can wipe out a coin store's inventory overnight. Meanwhile, the industrials are paying near paper prices for the silver they need. After all, that's what the futures market was created for.