Lack of physical silver

[grenfell]

Interesting article on dealers struggling to find actual physical metal , as opposed to the paper silver market. Seen similar with gold. I'm not sure how or if it will affect most of us but it makes me wonder.
https://www.zerohedge.com
I don't know why i can't seem to link to an actual article rather than just the website. Really irritating.

[jansman]

I collect a fair bit of silver, and as far back as I can remember, there’s been talk of silver scarcity.I couldn’t pin down the article unfortunately.Dealers struggling to find physical metal * might* be a trade euphemism for finding metal at the right price.I must admit, I am holding off buying anything at the moment, for the same reason!

[The Green Man]

I managed to add 5oz of coins at the end of last week, I paid a few pence above royal mint price, now I see prices are up, Silvertraders website crashed at the weekend too due to extra demand.
I won’t be adding anymore for the foreseeable as I expect the price to level off again once all the hype dies down.

[grenfell]

I should think that if anyone wanted to pay above the market price it would be possible to get their hands on nice shiney lumps of metal but it flies in the face of logic. If one is buying as a store then it's a gamble that the price is going to get higher still just to cover the higher price that one paid in the first place , and it makes no sense for a dealer to pay above the odds if he can't guarantee to sell above market value.
Seems to be that people ( and it could be said preppers are to blame here ) are or have brought pms but are holding onto it and very little is coming onto the market.

[The Green Man]

Apparently there is more silver on “paper” than there is silver available on the Earth, so sooner or later someone is going to get caught out.

[grenfell]

The paper silver and paper gold market , how to turn a finite resource into a infinite resource
In any other theatre that would be labelled a scam.

[jansman]

I should think that if anyone wanted to pay above the market price it would be possible to get their hands on nice shiney lumps of metal but it flies in the face of logic. If one is buying as a store then it's a gamble that the price is going to get higher still just to cover the higher price that one paid in the first place , and it makes no sense for a dealer to pay above the odds if he can't guarantee to sell above market value.
Seems to be that people ( and it could be said preppers are to blame here ) are or have brought pms but are holding onto it and very little is coming onto the market.

My silver, and gold is staying where it is. It will get trickled out upon retirement, and will be ‘ tax effective’

[ForgeCorvus]

The paper silver and paper gold market , how to turn a finite resource into a infinite resource
In any other theatre that would be labelled a scam.

So, some people buy 'silver' or 'gold' (rather then actual metal ) because they don't trust currency..... How do they think thats going to work out ?

Its the same reason I wouldn't buy held gold (where the seller stores it for you ), if I can't touch it it ain't mine

[pseudonym]

I should think that if anyone wanted to pay above the market price it would be possible to get their hands on nice shiney lumps of metal but it flies in the face of logic. If one is buying as a store then it's a gamble that the price is going to get higher still just to cover the higher price that one paid in the first place , and it makes no sense for a dealer to pay above the odds if he can't guarantee to sell above market value.
Seems to be that people ( and it could be said preppers are to blame here ) are or have brought pms but are holding onto it and very little is coming onto the market.

My silver, and gold is staying where it is. It will get trickled out upon retirement, and will be ‘ tax effective’

As is mine.

[ForgeCorvus]

I should think that if anyone wanted to pay above the market price it would be possible to get their hands on nice shiney lumps of metal but it flies in the face of logic. If one is buying as a store then it's a gamble that the price is going to get higher still just to cover the higher price that one paid in the first place , and it makes no sense for a dealer to pay above the odds if he can't guarantee to sell above market value.
Seems to be that people ( and it could be said preppers are to blame here ) are or have brought pms but are holding onto it and very little is coming onto the market.

My silver, and gold is staying where it is. It will get trickled out upon retirement, and will be ‘ tax effective’

As is mine.

I'm just starting........ And, yes I know its late

At least I'll have twenty odd years to build up (although, with the way pension age keeps getting pushed back, I might have a bit longer )