Silver Price Watch
- Thread starter STKR
- Start date
Seems to be moving up every few hours. It's only silver that's moving on their website too. It leads me to speculate they've been given insider information due to their recent connections with supplying the COMEX with 'good delivery bars'. We'll see what happens at tomorrow's open.
What bothers me about ABC doing this is they sell out their retail customers for commercial gain. That's a big issue for me, and enough to boycott them forever. I hope their loyal customer base decide to park their $$ at more respectable bullion dealers who value their business. This is the first time it's been $16 over spot but certainly not the first time there's been a significant discrepancy between actual spot.
Quick! SELL, SELL, SELL!
This would usually terrify me to see a chart like that but if you flatten the chart out it will just look like a minor uptick in a soon to be much larger vertical rise. We're essentially at that first tiny green candle in 1979, except the world had a heap of silver back then. One of the biggest sectors of demand was photography, and that has been replaced several times over by electronics, solar panels and coin and bar demand.
it was $1.50/oz to get all the silver to flow west back then, to build a billion ounces silver stock pile
today it takes $150 for silver to be flown east to keep the ev factories humming
in both directional flow, the social costs have been catastrophic
today it takes $150 for silver to be flown east to keep the ev factories humming
in both directional flow, the social costs have been catastrophic
Spot quoted as 16 over, premium on a kg bar is 27.5 an ounce.
Someone from the area should really go down there and talk shit about them to the customers about to buy and redirect them to better dealers.
Rip off merchants anger me to no end.
