Silver Shortage: 19 dealers reported "Sold Out"

[webmaster]

Subject:Silver Shortage: 19 dealers reported "Sold Out"
By: Jason Hommel, Silver Stock Report

Overview: Since my email earlier tonight, where I reported that 5-6 major silver dealers (Amark, Tulving, 2 in Vancouver, my local dealer, NWT Mint) are "out of inventory", 13 more reports came in, saying that the dealers were out of silver inventory. Some of these names are big names in the business, Scotia bank, the Perth Mint in Australia, CNI Numismatics in LA, APMEX says they have some items, but are looking to buy.

Link: http://news.silverseek.com/GoldIsMoney/1205995646.php

[Keyslinger]

Not for everyone, depending on your debt load, etc. but as for me in 2006 got some offers from credit card companies and loaded up on $20,000 in silver at 0% interest. When the free interest runs out I roll into another card offer and now I can "buy" silver at the 2006 price of $13.
Depending on how things turn out in the future I may just eventually buy all of the silver or sell a bit, pay off the credit card and pocket the free silver.
I don't have to deal with any leveraged accounts and not a bad idea in a rising market with the dollar being thrown to the wolves.
Keyslinger

[Constitution-Bound]

For the first time that I can remember in the last five years (when I first started to buy gold & silver there), Bulliondirect.com has posted a time delay for orders of American Silver Eagles. Mid April is the stated time frame for availability.

I don't know what their normal stock of ASEs is, but it's a site that I've always thought had a good customer base.


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Also new there, as far as I remember, is a statement of:

"High Activity Market Alert"

The precious metals industry is experiencing a substantial surge in activity which may increase the possibility of logistical delays; including customer service response time and product processing (incoming and outgoing). Our goal is to keep our prices competitive while still delivering an exceptional transaction experience.

We appreciate your patience and understanding.
The Bullion Direct Team
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Earlier today the Nucleo Trading area (where I always do my buying/trading) had multiple silver products that had no sellers. I think that had to do with people feeling that the price would soon bounce back and they could sell at better prices later. That view is supported by gold products having a shortage of sellers as well.

[Renegade]

Originally Posted by Keyslinger

Not for everyone, depending on your debt load, etc. but as for me in 2006 got some offers from credit card companies and loaded up on $20,000 in silver at 0% interest. When the free interest runs out I roll into another card offer and now I can "buy" silver at the 2006 price of $13.
Depending on how things turn out in the future I may just eventually buy all of the silver or sell a bit, pay off the credit card and pocket the free silver.
I don't have to deal with any leveraged accounts and not a bad idea in a rising market with the dollar being thrown to the wolves.
Keyslinger

Not sure where you are coming up with the $13 figure, but I sure am glad I'm not holding $20,000 debt for PM's in this downturn.

Renegade