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re: This could be something....Look beyond equities, Silver to be the next short squeeze
Posted on 1/30/21 at 7:46 pm to boxerbulldawg
Posted on 1/30/21 at 7:46 pm to boxerbulldawg
I am a total newb on the precious metals market, so someone help me out here. If Kitco and apmex are both sold out of the American Silver Eagles... and other online silver places have them but being sold at $8 over spot, what the possibility demand spreads to bars and rounds and puts stress on this market?
It just seems like there's a huge disconnect between paper silver sold and the actual commodity price.
It just seems like there's a huge disconnect between paper silver sold and the actual commodity price.
Posted on 1/30/21 at 8:14 pm to NYNolaguy1
This is plastered on the front page of one the largest online silver dealers right now.
Posted on 1/30/21 at 8:36 pm to NYNolaguy1
quote:
It just seems like there's a huge disconnect between paper silver sold and the actual commodity price.
I am no expert either, but I believe this is a large reason why there is such potential here.
I've read estimates that paper silver is roughly 400 times that of actual physical silver. Meaning if everyone who owned paper silver actually demanded physical delivery, physical supply would dry up in an instant and the price would skyrocket.
There are more knowledgeable folks in this thread who could probably explain it more in depth, but that's my cloud level understanding.
This post was edited on 1/30/21 at 8:38 pm
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