Gary North proven wrong, on Sunday I called Camino Coin and spoke to Pam. She said they have 0 silver and they can't get any silver at any price, except 1000oz bars at $1 over spot and that the 1000oz bars are getting harder to get also. They said the only 90% silver they found was 2 bags at $4 over spot. So Gary North now has to eat his words:
garynorth.com
North wrote:
"...But Mr. Hommel will not face reality...
I called Camino Coin company on September 10. I asked if they were selling bags of 90% silver coins. They were. At what premium above spot? Eighty cents per ounce, or 7%.
There is no shortage of silver..."
I also tried to sell 50% of my silver at $21 (even urged Hommel to not pound the table to buy), so North has no credibility advantage against me on that issue, and pounded the table to start re-buying at $16 and below. I have been suggesting an "dollar cost averaging" approach, but as of Aug/Sept, I am now saying buy all the silver you can, as fast you can. This is all verifiable in the Hommel private forum.
Also note that other than 1000oz bars, very little physical silver has been sold below $15 recently. As of today, I can not find any silver (other than 1000oz, shot, and used silverware), selling below $16.
Looks like $16 was the correct call on my part. |
