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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (185209)3/11/2022 7:44:22 PM
From: bull_dozer  Read Replies (2) | Respond to of 217572
 
>> Dare we think it, for Gold to go Nickel, and Silver go Unobtainium?




To: TobagoJack who wrote (185209)3/11/2022 9:05:21 PM
From: ggersh1 Recommendation

Recommended By
sense

  Read Replies (1) | Respond to of 217572
 
Blackrock....Russia might have to sell Gold....

Nice Try Boyz!!!! -ROFL-

UNOBTAINIUM.....very possible



To: TobagoJack who wrote (185209)3/11/2022 9:20:30 PM
From: sense  Read Replies (2) | Respond to of 217572
 
Multiple reports arriving now... saying the vaults have no more silver left in them... premiums are rocketing higher... even to include the kilo and thousand ounce bars that typically avoid the retail driven 1 to 10 ounce premium inflation...

I've addressed the silver issue in some detail recently... so, not a surprise to see "shortages" suddenly appear the moment that "real money" suddenly decides it might be nice to have a little as a hedge...

Laughed out loud at one such vid today... that had one in the trade noting... "we're there" where managers of big money have suddenly started to consider... maybe having a little bit of that at a hedge would be good to have... But, still missing entirely that "taking up a very small fractional position" to even one major bond fund manager... would require buying the entire world's supply... and... there's none available...

Russia's contribution to world supply is quite small, actually... i think on the order of 3%...

But, given awareness that margins in supply were already paper thin... it wouldn't take much to tip the scales from the "kiting" a few contracts to sustain a perception of supply existing... and just not fooling anyone...

My usual fallback... check E-Bay... Last time I did, there were no 1000 ounce bars. Today... five listings... three of which are "random maker" .999 bars... some without any obvious markings... perhaps a very attractive way to obtain expensively packaged tungsten. Seeing them is telling... I've noted before... as, if real, it means banks are reaching back into the vaults and emptying out the old stuff in the back... And, if not real... There's one listed at $28,500, one at $31,500 (more than 10 available, 4 sold)... but, perhaps with reason those old bars are cheaper than more recently minted bars... one "random maker" offer with a very precisely calculated price of US $42,898.63... which doesn't suggest less risk, to me. There is one Royal Canadian mint bar listed for $35,499.95 (7 available)... and one historical artifact listed as: Bunker Hill Mine Old Poured 1000 oz Silver Bar AG Vintage Bar Pour Mining Idaho $49,999.99.

That's more than typical...

In 100 ounce bars... there are plenty listed, from 8 different reputable dealers... priced from $29 to $31 an ounce... plus a large assortment of "historical" pours for more $...

Lots of 10 oz bars too... $30 to $31 an ounce for the "off brand" sorts... $33 to $36 for the RCM .9999 bars.

A listing doesn't mean a shipping... but only one listing said "almost gone"... that a listing from Apmex selling an RCM 10 oz bar... but, they have other listings for the same that don't say that...

Good enough reason to believe that there is a shortage brewing... having nothing to do with geopolitics... only with rising costs lowering the mine output... as higher costs eliminate mining lower grade ores. I hear Aussies are emptied out... but, that might be a Perth Mint failure dynamic...

So, how to read the "known" in the mining space... vs the "known" in market space... given the shifting dynamic occurring with inflation already bad... and certain to get worse ?

I'd say... give it another week to two weeks... and see what's still listed then...