Silver Shortages?

[Copper Catcher]

From the Mouth of the Perth Mint: Expect Precious Metals Shortages During The Next Crisis

aka: Due to production not being able to keep up with demand....

http://sgtreport.com/2012/07/right-from ... xt-crisis/

[CtrlAltBernanke]

I heard about this last night but couldn't find any hard evidence until you threw this up there.

[CtrlAltBernanke]

Maybe I shouldn't say hard evidence but this seems more than just conjecture to me.

[Copper Catcher]

I did not say physical shortage of the metal....but it is a person who works for Perth in the interview that is just stating that in some cases production can't keep up with demand.

The US Mint has had problems in the past getting blanks as well and stopped selling. Now I donn't if they just did not want to sell or what. But still if they are limited to using on US silver production in the making of the coins that is limited.

[CtrlAltBernanke]

I'm not sure if you saw the last video of BrotherJohnF but towards the end he explains how the precious metals calculator for silver can not be correct.

http://www.youtube.com/watch?v=lH8EmKOY ... e=g-user-u

[shinnosuke]

I'm not sure if you saw the last video of BrotherJohnF but towards the end he explains how the precious metals calculator for silver can not be correct.

http://www.youtube.com/watch?v=lH8EmKOY ... e=g-user-u

And although he expresses his doubts, he notes that there is a possibility of the price of silver testing $21 to $22. Interesting times we live in.

[CtrlAltBernanke]

Yeah I thought that was interesting also. While I'm no expert, I am not going to hold my cash and wait for $21. I'd rather buy now, be happy for the people who get it at $21 and then celebrate with everybody five years from now. I still haven't seen the jump in price from Sprott buying 200 million in physical silver.

[Copper Catcher]

The reason I have a 10 oz bet that it drops below $25 before the end of the year!

[shinnosuke]

The "What Did You Scrap" thread in the Scrap Metal Salvage is instructive. Lately, the recyclers are paying 8 or 9 cents for steel. They are getting paid less so they have to pay the public less. Demand is down. The Baltic Dry Index shows we are past the bubble economy and demand will have to be sustained at lower levels despite a higher worldwide population.

Today's Quote is actually 933, not the 1200 or so shown above.

Baltic_Dry_Index.png (77.1 KiB) Viewed 283 times

From Wikipedia:
The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."[1]

So if less materials are moving, less stuff is being made and the industrial metal silver is going into fewer things. It makes sense that the price would drop. Sure, record numbers of ASEs are selling, but I don't think that makes up the difference in the lost industrial demand. Perhaps the investment demand from the whole world is sufficient. I dunno.

[cheeple]

oh yeah I'm in this thing for the long haul, I'll never get my 401K so my silver is my retirement, I only wish our banks did like china and allow us to save in precious metals, can you imaging in 2020 silvers set to go Parabolic!