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Message: Physical supplies of gold and silver drying up

The Presstitute media fell in line with the game plan, and bullion prices fell dramatically.

But while paper sales drove down the price, purchases of the physical metal rose. During the two days when hysteria was highest (Friday and Monday, April 12 and 15), bullion coin dealers ran out of stock. With demand for physical possession of bullion exceeding supply, the premiums on coins over the spot price of bullion rose dramatically.

From today's Spring quarterly from Gerald Celente:

At the large online retailer, Gainesville Coins, the premium on a one Troy ounce Silver Eagle jumped from $3.75 to $5.99. By April 19, the premium over the spot price was $6.25. This percentage increase in the premium was larger than the percentage decline in the silver price, leaving the price of a silver coin unchanged despite the drop in silver price.

On April 19, the premium over the spot price of gold for Gold Eagles at Gainesville Coins was $72 if paid by bank wire and $115.71 if paid by credit card.

The mid-day April 19 inventory of the large Wholesaler, Tulving, shows the company to be out of stock of silver coins and most gold bars.

So, the price of gold and silver was driven down by selling, but there is little gold and silver available for purchase.

How can there be so much selling of bullion but none to purchase?

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