Question for the big timers on US90%

[wagsthadog]

Hi all-

I had a question for the big timers about 90% silver, and was wondering if anyone has any insights on it.

Ive been a 90% junk silver stacker from day one, and damn proud of it. Plan to be for the future, and I'm curious as to *why* US 90% prices are dropping now- (I'm not complaining, just passionately wondering)

I get that 90% has gotten more stratified over the last few years- whereas 90% used to be sold by just a handful of every which denomination without a thought, now each type is sold at its own rate, with Washington Quarters usually assuming the bottom rung.

I also heartell that $1000FV bags are picked exceptionally clean these days, chock full of near-slicks and JUNKY junk. Also understood-

But it seems like the overall price trend is now down, and I want to know why 90% is now trending back towards melt or near melt. Was it just a phase? 6 months of fame? Is it easier to come across now? Warehouses full of it? Novelty worn off? Buyers losing interest?

Just wondering what the big timers are experiencing with this trend now, and possible predictions??

Thanks! wags

[christostock]

It is not supply and demand that drives the price, just demand!!!

[Rodebaugh]

As of late I have seen mint fresh rounds available from the big bullion dealers @ 29 cents over.

Premiums have shrunk across the board for most Bullion products.

[Engineer]

I think junk prices are a little stickier than generic, which leads to larger deviations from spot. Once people are sure there won't be a quick rebound, premiums fall back to their normal levels.

[pennypicker]

I'm not a "big timer" but I am an "old timer" and I say keep stacking 90% at today's bargain prices and you'll do just fine.

[Recyclersteve]

This gets a bit complicated, but there is a lot more in paper silver and futures than there is in real physical silver. I've heard it said that there is 100 times as much or more. That much bigger market, which can be manipulated by very large banks (some are being sued now or have recently been sued) determines the price of silver much more than you and I going to coin shops. A couple guys who write a lot on the subject are Ted Butler and Jason Hommel. Keep in mind that there are large powerful entities who have been short silver for years, profiting only if it goes down in price. If amateurs panic when it goes down a quick 10-20%, they love it! I figure that if I can't tolerate a quick 10-20% pullback in silver, I should invest in something else. As far as timing, it is like being in an investment club where most people have $50k to a couple million invested in the stock market. A new member, who is a billionaire and in his early 40's joins the club. Everyone is trying to guess when the billionaire will flinch. Rumors may swirl, but nothing of substance may happen for many years. Ditto for metals.