Comments on: Silver & Platinum Extreme Shortage

By: The Survivalist

The Survivalist — Tue, 21 Oct 2008 23:56:57 +0000

Just make sure that when you purchase silver, you take delivery now. Some dealers wil let you pay today, but no delivery for 3 to 4 months (or longer!). If they have no physical product in their inventory, do not give them cash.

Try small dealers in your area. I recently found a dealer with a display in an antique mall. He has a good supply. Check the antique stores and malls in your area.

By: Peter Duke

Peter Duke — Thu, 16 Oct 2008 20:26:25 +0000

Well, ebay sellers will want a handsome premium + shipping. If you are looking at a big league purchase, perhaps you could do like Jason Hommel is doing and buy the futures contract and take delivery! That would be a 1000 oz. bar, size of a loaf of bread. I agree that there is manipulation in the paper market. Mr. Hommel is taking delivery with the intent of having 1 oz. rounds minted from his 1000 oz bars for resale. He obviously has friends in the biz to get that involved. But you could buy one bar for around $10k, dig a deep hole in the backyard, and drop it down there as a doomsday hedge. Much better than paying a preposterous $5.50/oz premium! BTW, here is where I have bought from, they seem to have stock on hand… http://www.ajpm.com/htbin/silver.cgi Cheers, Peter

By: James

James — Thu, 16 Oct 2008 12:40:51 +0000

Have you tried eBay?

By: fubek

fubek — Wed, 15 Oct 2008 20:57:03 +0000

Check out Ted Butlers commentaries and you will know what might go on. While I think he is a bit over the top, I can relate to his general view. I'm following the silver market for quite a while now and I've never seen a situation like this one where a good is not available in any form when prices are falling. My advice: buy as soon as you can get hold of physical silver. Good luck!