I notice the date has also been pushed back from 11/11 till 25/11.
Silver Price Watch
- Thread starter STKR
- Start date
I wonder how long the increase in interest will stay with the metals? And I wonder if Gold has been the best advertisement to draw peoples attention to silver or has there been other major influences?
Dealer inventory is lacking. Cracks are begging to show. Usually when anything comes into short supply the FOMO increases. In 2020-21 people were given access to their super. Many were locked down in their homes with nothing to do but buy shit. Lots of money flowed into the economy during that time, but what about now? I suspect since all the unexplained excess deaths I Australia, many people have come into Inheritance looking for a place to park it. Many see the cost of everything go up and realise their money isn't safe in fiat. But how many are actually buying PM's? I still think it's very small amount but more than there's ever been.
I wonder what the silver Institute will record this year's physical investment demand? We hit 300 Moz's+ during the COVID era. That period was also hit with severe supply chain disruptions. This period is different. This seems to be all about an influx in demand overwhelming production capacity. I suspect the global supply of Bullion is probably capped at around 450 Million Oz's. Dealer inventory and testimonials is all we really have to work on right now and it's painting a pretty dark picture of future availability.
Dealer inventory is lacking. Cracks are begging to show. Usually when anything comes into short supply the FOMO increases. In 2020-21 people were given access to their super. Many were locked down in their homes with nothing to do but buy shit. Lots of money flowed into the economy during that time, but what about now? I suspect since all the unexplained excess deaths I Australia, many people have come into Inheritance looking for a place to park it. Many see the cost of everything go up and realise their money isn't safe in fiat. But how many are actually buying PM's? I still think it's very small amount but more than there's ever been.
I wonder what the silver Institute will record this year's physical investment demand? We hit 300 Moz's+ during the COVID era. That period was also hit with severe supply chain disruptions. This period is different. This seems to be all about an influx in demand overwhelming production capacity. I suspect the global supply of Bullion is probably capped at around 450 Million Oz's. Dealer inventory and testimonials is all we really have to work on right now and it's painting a pretty dark picture of future availability.
Same
That run was driven by inflation fears back when people were very familiar with gold and silver as money. These days very few consider Gold or Silver... But the tides seem to be turning. 1980 was a few years before the Silver Eagles began production too. Records of investment demand at that time are pretty incomplete back then but it wasn't very high. Most people stacked government issued coins.
It was an anomaly in my opinion. A sign of what mass hysteria can do to markets. It actually helped setup more controls on silver and gold and allowed them to manage the paper markets more effectively. The same with 2011. The CFTC imposed position limits and only allowed the big commercial players to place larger positions. Pretty dodgy.
What we're entering now is a new phase of silver. The physical shortage phase. All times previously we hit the $50 level was due to paper market participants. This time it's the physical that will drive us to new heights.
There was heaps of deals here when silver was $30,$40 and so on but no one cared.Now you guys are happy to buy at $85...
Most active members here have a decade or more of buying behind them. Seem to be watching and enjoying now. Some who are buying now were buying back then too. Myself, I've diverted my attention to jewellry, hand-pours and the occasional collector round/coin. I rarely see stuff I want come up for sale.