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Reason: None provided.

"Retail" silver is sold out everywhere- 1oz rounds/coins, 2 and 4 oz bars, stuff like that- unless you want 1oz rounds with Biden's face on them (kek). Zero issues getting supply on kilo, 100-ounce (or larger) bars.

Big banks own the majority of 'investment grade' silver, so there isn't much we in the retail world can do to influence spot price, barring a major financial event that would cause banks to liquidate their holdings. What is happening is an inflation of the "premium"- how much a broker charges to put physical coin in your hand. Ten years ago it was maybe 5%. I'm seeing 50% in some places- a round worth $24 in silver going for $36.

Methinks William Devane is swimming in all the cash he got from Rosland... the brokers are the ones making money hand over fist right now.

3 years ago
1 score
Reason: Original

"Retail" silver is sold out everywhere- 1oz rounds/coins, 2 and 4 oz bars, stuff like that. Zero issues getting supply on kilo, 100-ounce or larger bars, unless you want 1oz rounds with Biden's face on them (kek).

Big banks own the majority of 'investment grade' silver, so there isn't much we in the retail world can do to influence spot price, barring a major financial event that would cause banks to liquidate their holdings. What is happening is an inflation of the "premium"- how much a broker charges to put physical coin in your hand. Ten years ago it was maybe 5%. I'm seeing 50% in some places- a round worth $24 in silver going for $36.

Methinks William Devane is swimming in all the cash he got from Rosland... the brokers are the ones making money hand over fist right now.

3 years ago
1 score