Silver has Run Out, Now!

[webmaster]

Subject:Silver has Run Out, Now!
By: Jason Hommel, Silver Stock Report

Overview: For a long time, people have been asking me, "When will silver run out?". They know that the world uses up more silver each year (about 850 million ounces) than the world mines (about 600 million ounces), and that existing demand can only be met by selling existing inventory (such as recycling 200 million ounces, or goverments selling 50 million ounces), so it's a natural question to ask.

Link: http://news.silverseek.com/GoldIsMoney/1219250737.php

[dentalstud]

Are most coin shops open on Labor Day? Because that's when we're supposed to all raid them for silver, according to Jason.
I actually think this is a good idea, just maybe on a different day.

[Renegade]

Wow, he gave that out without us having to pay $49.95 a month to LOOK at his portfolio of Paper Silver. Now why would he do that? Oh, I know,,,,,,why not try and get everyone to buy physical all at the same time to try and drive the price of his mining company stocks up!

Honestly, has anyone ever heard Hommel say that silver wasn't a good buy, ever, at any given time? We all know it isn't, (well most of us anyway).

He should spend more time reading his religous postings,(wonder what his subscription price is for that). He is as bad a Silver Manipulator as anyone!

Renegade

[duneyman]

I have been reading about the silver shortage for seven years now. Maybe it will come true one of these days and maybe it won't. I have only been to the Silver Summit once -that was back two years ago. CPM's Jeff Christianson got up and said that the key to the silver price was investor demand. If it only increased fifty million ounces per year that could be the difference. Let's hope he is right.

[valerb@bellsouth.net]

There is a hold up at the wholesale level for silver, not at the retail level as everyone is reporting. Two places that I deal with have plenty of silver on hand but can’t sell it because they have both been cut off as of last week from their wholesalers. So I assume that is the case with most if not all at the retail level. In both cases they only sell what they can re-order the same day to insure they make a profit from the margin and keep their inventories at a constant level. That is on hand plus on order. Who would pay $15 or $16 for their inventory and sell if for $14 if they have no idea how much it will cost them to replenish their inventory.
So, is there really a shortage of Silver at the wholesale level or are they holding back their inventory until the market manipulation is over and prices go back to a more reasonable level? If there is no Silver, where did SLV get several million ounces in the past few days to boost up their levels?
People want to know where you can still buy Silver today; here is an online ad at Steve Quayle’s web page:

IMPORTANT NOTICE: Official spot prices are no longer relevant! As Steve warned several years ago, precious metals are becoming very scarce. While many brokers can't get silver, Steve has private access. Contact Steve and get your precious metals today! 406.586.4840

I called them today and they have no 100-ounce bars, but will gladly sell you silver rounds and ten-ounce bars for only and I really can’t remember which price it was, I was so stunned I just shook my head and said not thanks. It was either $21 or $25 an ounce. So if you have no idea how to buy silver, give them a call. As a buy and hold investor, the spot price is very relevant to me!