When it comes to real physical “hold in your hand” metal, there is NO ONE selling. If no one is selling then how is it that the price could go down? …COMEX and LBMA! The paper markets, that’s how. Paper contracts that are “sold” with no Silver, no Gold backing them AND no intention of ever delivering have hit the markets to knock prices down.
This “strategy” however, has spawned the unintended consequences of increasing demand for the real thing.
The recent US Mint shutdowns and premium spike in 90% silver is the looming “shadow” of shortage and as long as the “price” in the paper markets have JP Morgan’s boot on its throat, the shortage situation will continue, get more acute and ultimately blow up in a buying panic…exactly what JPM has been trying to avoid at all costs!
Submitted by Bill Holter:
I wrote a piece a couple of weeks ago pertaining to gold & silver “shortages”. I mentioned that ammo was nearly impossible to find unless you searched online which is still the case. “New” guns are still not arriving at dealers and unless you find a used one that someone else is willing to sell, good luck finding what you are searching for. I also found it (still do to some extent) that even Walmart has in many cases, “sparse” shelves compared to what we’re used to. I have thought this one through a little bit, I think that the “just in time” inventory practice may have something to do with it, let me explain.