$3.99 ASE premium and 90% is plentiful again

[Cu Penny Hoarder]

90% now $3.99 over spot at Ampex. Everything's in stock.


SHORTAGE!

I don't even know why we bother refuting you. Go ahead and laugh, it's clear to everyone in the forum what your role is.
But you go ahead, keep highlighting the lowest priced quarters availability (at their loss leader prices).

APMEX PRICING
http://www.apmex.com/category/52847/mercury-dimes-1916-1945-silver-coins-rolls-bags $6.99 over, $7.99 over
http://www.apmex.com/category/52847/mercury-dimes-1916-1945-silver-coins-rolls-bags $4.49 over
http://www.apmex.com/category/52557/walking-liberty-half-dollars-1916-1947-silver-coins-rolls-bags $5.99 over

PROVIDENT PRICING
http://www.providentmetals.com/90-junk-silver-us-coins-1-face-value-715-troy-ounces.html $5.43 over (dimes? and quarters)
http://www.providentmetals.com/90-junk-silver-us-coins-1-face-value-715-troy-ounces.html $7.99 over (halves)

And, unless you're willfully blind... their was a retail shortage that has temporarily abated.

I point out the obvious, so now I'm a troll?

I'm referring to generic 90% bags, not specific items like Mercs or Walkers. I have no idea why someone would pay those ridiculous premiums.

The "shortage" was government coins, not anything else. Whenever this happens, all the bullion dealers ramp up their scare tactic propaganda and increase their premiums on everything.

There is a lot of silver in this world. Any temporary shortage (fake or real) ALWAYS gets replenished.

[68Camaro]

A favorite ploy of trolls is to deliberately misunderstand context and use that technique to stir up a flame war. "shortage" in the context of physical silver relative to futures silver and as most commonly used on this forum is a rise in demand of any specific silver product that causes supply to drop faster than resupply can occur at the current price. It is not even debatable that a shortage of small sized product has been underway for some months. That does not mean that silver is disappearing from the universe. Shortage is a function of price. If I offered $50/oz today I would have no reasonable l limit to the number of offers to sell to me. So no shortage at 50. But yes, there is a shortage at 16. By confusing the context - I believe deliberately - you are engaging in trollish behavior that I will no longer waste my time on.

[beauanderos]

A favorite ploy of trolls is to deliberately misunderstand context and use that technique to stir up a flame war. "shortage" in the context of physical silver relative to futures silver and as most commonly used on this forum is a rise in demand of any specific silver product that causes supply to drop faster than resupply can occur at the current price. It is not even debatable that a shortage of small sized product has been underway for some months. That does not mean that silver is disappearing from the universe. Shortage is a function of price. If I offered $50/oz today I would have no reasonable l limit to the number of offers to sell to me. So no shortage at 50. But yes, there is a shortage at 16. By confusing the context - I believe deliberately - you are engaging in trollish behavior that I will no longer waste my time on.

+1

[Thogey]

I think Cu Penny Hoarder is right to an extent.

This forum has been focused on how physical silver will become so rare and expensive that you better buy now or you will starve to death. People buying on credit because of the urgency created by future supply shortages.

I sold hundreds of common morgans for $35+ and still cannot believe it. There was panic that silver would disappear. Good for me.
Yet the price of silver falls and supply remains. Of course it is more plentiful at a higher price. Is that rocket science?
Yes the price of coins is way above spot. All commodities work this way. Compare a can of corn against futures contracts.
Silver spot and coin prices is apple and oranges.

Whenever anyone here expresses the idea silver is just not that rare or important they get flamed.

RE Copper
I have a ton (literally)of pennies, that are useless to me. I was a fool to collect them. I hand sorted them. I have 50+ coffee cans and 30 ammo cans full of cu cents. I TOUCHED EVERY CENT IN THAT HOARD. I AM A FOOL! I need to get rid of them.

Gold! Small and liquid. I will still buy silver coins. Mostly BU rolls ala niel, these are "rare". Silver is not rare, its just a marker, that's all. I will begin to sell my junk and rounds and buy gold. There is no way you can move freely with heavy metal. Those that can move freely...survive.

I still feel like JFF was hated because folks did not like the facts he espoused.

Go ahead, call me a troll.

[natsb88]

All commodities work this way. Compare a can of corn against futures contracts.
Silver spot and coin prices is apple and oranges.

I read that as "silver spot and corn prices" instead of "coin prices." I think I'm going to use that new idiom from now on. Instead of "apples and oranges" it's "silver and corn"

This argument resurfaces every couple of years when a sharp drop in paper price results in a spike in demand for physical metal. There is a temporary shortage of physical bullion available at the retail level. If spot stays at the low level long enough (usually something like 4-12 weeks), the supply eventually catches up and premiums shrink closer to the pre-drop levels.

Indeed this isn't rocket science. Dealers increasing prices in reaction to a spike in demand and a delay in replenishing inventory from the normal sources is how a market works. It's not a conspiracy, unscrupulous behavior, or hype. It's supply and demand economics, plain and simple.

The "buy silver now before it disappears" narrative typically comes from third party commentary outlets, or telemarket/TV outfits, not the well-established dealers smart stackers buy from. Where are all of these ads from the core bullion dealers proclaiming a global silver shortage crisis that the OP keeps alluding to? I am on all of the major dealer email lists, and I sure haven't seen this "scare tactic propaganda" from them. Maybe from some small local coin shops, and certainly from some conspiracy prone commentary outlets, but not from the dealers the OP keeps referencing in this thread.

In the end, these kind of "the market just did exactly what a market does, so everybody except me is an idiot" threads don't serve any purpose other than to stir the pot. The paper price dropped sharply, demand for retail physical metal in turn spiked sharply and temporarily surpassed production capacity, premiums on the silver that was still available increased, and now several weeks later cheaper silver that was in the pipeline is arriving at dealers and premiums are sliding back down. It has happened many times before and it will happen again. It shouldn't be unexpected and it's not collusion among bullion dealers. It's simple economics. Or, as one previous troll liked to say, "it is what it is"

[Cu Penny Hoarder]

Interesting group dynamics on this forum... say something that does not agree with the majority and you get labeled as a troll. Regardless of that, I stand by my words.

Gold and silver will not be allowed to make new highs as long as TPTB maintain control of their manipulation tools. The only way PM's will rise substantially is when the financial system crashes and TPTB lose total control. Hold on to as much dry powder as you can, there will be more fantastic buying opportunities coming.

[wheeler_dealer]

One thing I have always found good about this forum is the ability and willingness of members to maintain polite dialogue. I find we are an intelligent group with very vast backgrounds and ideas. Everyone has an opinion and view and hopefully we can continue to share them openly. I think this is one of many things that make this site as great and successful as it is.

[wheeler_dealer]

My own opinion is that the current price (manipulated or not), is what it is. We are bombarded daily with constantly changing political and social issues. I think more and more people continue to invest in silver. Basic business costs and regulations are contributing to dealer ask prices. Businesses are in business to make profit. Can't/won't be in business long selling your product at break even cost not knowing replacement cost. Are premiums high ? Depends on personal opinions, shortages? Again I think that is subjective. I bought silver at $5.00 an ounce (yes I'm that old) ,all the way to 40.00 an ounce. Shortages in market place are a reflection of current market price. If I could sell at higher prices I would. Just wish I still had some to sell.

[InfleXion]

I think it's worth considering what type of environment we have today that produces the current price of silver. Since dealers hedge their inventory they rely on the futures market, and that market relies on leverage to meet its contractual obligations; contracts to buy and sell something that may not actually exist.

What if there was no futures market? What if you had to actually own something to sell something? What if you actually had to have capital to have a position?

I see a fundamental insanity in Keynesian economics, where the solution to the problem (money printing) is also the cause of the problem (deflation resulting from coercionary inflation); a fundamental disparity in fractional reserve banking, where a select few have the privilige of creating currency (which is not money) which supports this Keynesian model; a questionable inventory in the futures market, where $40 billion is enough to buy up all the available refined silver, and I know that this is not right and cannot stand on the merit of its fruit.

I don't think there's any real concern of an overall metal shortage. The question is, at what price will it be available?

Right now thanks to hedging and to new coins being minted we can purchase metal for the spot price plus shipping plus a middle man cut. As long as raw silver is available this can continue indefinitely. What we see with these retail shortages is that demand is so excessive that new production cannot keep up, which may be compounded by a lack of existing hands being willing to sell. This is an obvious consequence of undervaluing an asset, but there are likely other consequences that we've yet to see. The retail situation has since improved with the recent bump in metal prices, sating demand to some degree. Interestingly enough, the price of silver the day this thread began was 15.82, just a couple days after breaking 16.

[silverstacker]

One thing I have always found good about this forum is the ability and willingness of members to maintain polite dialogue. I find we are an intelligent group with very vast backgrounds and ideas. Everyone has an opinion and view and hopefully we can continue to share them openly. I think this is one of many things that make this site as great and successful as it is.

No question here and I applaud your comment

Other sites are all about the sale or the buy whereas this site has fantastic and intriguing dialogue that no other site offers. Granted, I haven't been on every PM site and was lucky enough to be introduced to RC through a family member.

For this PM enthusiast, RC has the best conversations that are combative when necessary but never turn ugly. Once again another feather in the cap for this site

[beauanderos]

A big part of me wants silver to take off on a moonshot. But be careful what you wish for. If that happened, then I wouldn't be
able to stack anymore. So, aside from the aspect of confirmation that all the delayed gratification was finally worth it... waiting
for another three or four years for that to happen (suggesting that silver remains in a side-trending channel for that period), may
very well be a good thing, and I for one will make the best of the opportunity to grow my stack.

What this last few months period has demonstrated, convincingly... is that, under the right conditions (real retail scarcity), then
yes, premiums will rise and product disappear. Now that we know what it could be like, we can more knowledgeably prepare for
that eventual outcome. Just sayin'... now that you've gotten a glimpse, and we once more have opportune supply and pricing,
take advantage of it. Stock up on the items you would want... if you couldn't get them any longer. That ways, regardless of eventual
spot... at least you'll have your own admirable stack socked away.

[Cu Penny Hoarder]

Apmex 90% now $3.49 over spot now... and going lower.

Never buy into the "shortage" nonsense and be patient. There will be plenty of opportunities to buy... lower prices are coming.

Amass your dry powder!

[Cu Penny Hoarder]

Judging by the recent price action, I feel a large PM price slam down coming soon. It could be as soon as this Sunday when the futures market opens. Some weak support at $1120, but I think it gets back to the $1080 level soon.

Keep your dry powder ready.

[Cu Penny Hoarder]

Just bought a few more fractional AGEs at $1087. Will not be surprised if goes a bit lower.

You gotta buy these dips, they are gifts.