I wonder how much longer the clueless morons of the mainstream media will continue to laugh at the goldbugs? People have been pretending this run on physical bullion is just a short term irrational response from a handfull of nuts. It has been going on for more than 6-months, and has now spread to countries around the world. If there is so much gold and silver out there in the world, and its just a few nuts that are causing the shortage, then why has the system completely failed to find new supply to sell to these nuts? If the spot price of bullion is falling due to deleveraging, as the media shills want us to believe, then why is there no glut of bullion hitting the shelves of the retail vendors?

I have also heard the argument that it is larger bars that are driving the price, but that too is nonsense. There are too many large orders for the 1000-oz silver and 400-oz gold bullion that are also meeting delays and failure to deliver.

The obvious answer is that the paper market is driving the price, not the physical. The paper market has always been an avenue for speculation and price suppression. The fact that there is not a bar of bullion to be found in most of the reputable dealers, and that both the Canadian and US Mints are announcing shortages and soldout inventories, is because the SHORTAGE IS REAL!

I was happy to buy all the metal I could afford in years past. I am amused that some people still do not get it. By the time some of these clowns figure it all out, it will be way too late to buy bullion at any price.

cheers!

mike