jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
This won't end well
For those hoping to buy physical silver at a lower price in the near future as well as those ordering from a coin store now by paying and waiting a month or so for their stuff to arrive. First let me say all of this is strictly my personal opinion and is not intended to be an assertion of facts. I could be all wrong on all this.
I just have to wonder if most coin stores across America are taking orders and promising to deliver product at a later date like they are here where I live. Where is all that finished product going to come from? I am not saying I believe the world is running out of silver, but I do feel it is and will be low on finished bullion products for some time if prices stay this low or go lower. I would not be surprised to see this all fall apart in a month when the distributors don't have enough finished product to go around.
The local stores are now charging almost 6 bucks over spot for ASEs they don't even have in stock and say will be available in June! Glad I have been buying over the past week or so even though the paper price may go lower.
Jim
For those hoping to buy physical silver at a lower price in the near future as well as those ordering from a coin store now by paying and waiting a month or so for their stuff to arrive. First let me say all of this is strictly my personal opinion and is not intended to be an assertion of facts. I could be all wrong on all this.
I just have to wonder if most coin stores across America are taking orders and promising to deliver product at a later date like they are here where I live. Where is all that finished product going to come from? I am not saying I believe the world is running out of silver, but I do feel it is and will be low on finished bullion products for some time if prices stay this low or go lower. I would not be surprised to see this all fall apart in a month when the distributors don't have enough finished product to go around.
The local stores are now charging almost 6 bucks over spot for ASEs they don't even have in stock and say will be available in June! Glad I have been buying over the past week or so even though the paper price may go lower.
Jim