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Author Topic: SILVER PRICE RISING AGAIN!  (Read 18075 times)

hangman

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Re: SILVER PRICE RISING AGAIN!
« Reply #15 on: April 16, 2013, 11:41:02 am »

An interesting developement.
http://projectmindwake.blogspot.co.uk/2013/04/was-boston-bombing-cover-story-us.html

Was The Boston Bombing A Cover Story? US Silver Wholesale Suppliers Sell Out Of ALL Physical Silver On SAME DAY!

100 Years Worth Of Silver Sold In
ONE DAY!
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DiabloLoco

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Re: SILVER PRICE RISING AGAIN!
« Reply #16 on: April 16, 2013, 12:25:05 pm »

Here is a link to the story about that mine disaster- http://silverdoctors.com/10-of-us-annual-silver-supply-just-vaporized/

Click the link for pictures of the slide.

16% OF US ANNUAL SILVER SUPPLY JUST VAPORIZED…

Quote
5 million ounces of annual silver supply and 500,000 ounces of annual gold supply have just been vaporized landslided.
Rio Tinto’s Kennecott mine in Utah- the US’ 2nd largest silver mine and world’s largest copper mine has just suffered a massive landslide which will likely shut down production at the mine for years as upwards of 1 billion tons of dirt and ore have collapsed into the basin.
16% of US annual silver production just vanished.  Good thing there aren’t any physical supply issues in silver currently or anything…

Kennecott Utah Copper’s Bingham Canyon Mine pit wall slide
At 9.30 pm local time on 10 April 2013, Kennecott Utah Copper’s Bingham Canyon Mine experienced a slide along a geotechnical fault line of its north eastern wall.  Movement on the north eastern wall had accelerated in recent weeks and pre-emptive measures were taken to relocate facilities and roads prior to the slide.  All employees are safe and accounted for.
Mine operations are currently suspended while experts assess the extent of the slide and impact on operations.

About the Mine…
* Kennecott’s Bingham Canyon Mine has produced more copper than any mine in history – about 18.1 million tons.
* The mine is 2-3/4 miles across at the top and 3/4 of a mile deep. You could stack two Sears Towers (now known as the Willis Building) on top of each other and still not reach the top of the mine.
* The mine is so big, it can be seen by the space shuttle astronauts as they pass over the United States.
* By 2015, the mine will be at least 500 feet deeper than it is now.
* If you stretched out all the roads in the open pit mine, you’d have 500 miles of roadway – enough to reach from Salt Lake City to Denver.
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FDD

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Re: SILVER PRICE RISING AGAIN!
« Reply #17 on: April 16, 2013, 04:36:45 pm »

Went to the coin shop to get more.
they did not have many rounds left, but I was able to get what I wanted.
was told that the refiners are just making the 10 oz and 100 oz bars for now.
that rounds may start back up in a couple of months.

Dawg
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DiabloLoco

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Re: SILVER PRICE RISING AGAIN!
« Reply #18 on: April 16, 2013, 05:34:07 pm »

Went to the coin shop to get more.
they did not have many rounds left, but I was able to get what I wanted.
was told that the refiners are just making the 10 oz and 100 oz bars for now.
that rounds may start back up in a couple of months.

Dawg
If you don't mind me asking.....What was the premium above spot? From what I have seen recently, there seems to be a major disconnect between the spot price and what a person can actually get the physical metal for (true market value). One ounce bars and coins are still selling on Ebay for $32-$36 each, but the spot price is a little over $23/oz.

THAT'S A BIG DIFFERENCE!!!
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FDD

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Re: SILVER PRICE RISING AGAIN!
« Reply #19 on: April 16, 2013, 06:19:36 pm »

Went to the coin shop to get more.
they did not have many rounds left, but I was able to get what I wanted.
was told that the refiners are just making the 10 oz and 100 oz bars for now.
that rounds may start back up in a couple of months.

Dawg
If you don't mind me asking.....What was the premium above spot? From what I have seen recently, there seems to be a major disconnect between the spot price and what a person can actually get the physical metal for (true market value). One ounce bars and coins are still selling on Ebay for $32-$36 each, but the spot price is a little over $23/oz.

THAT'S A BIG DIFFERENCE!!!

I got mine at $2.00 over spot, about $25 per round, the 10 oz were going for about $250 per bar
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Nobody needs an AR-15
Nobody needs a whiny little bitch ether, yet here you are

If we want our grandchildren to be able to give thanks for being Americans, we'll need to.....start steering a course away from government control of our lives-and start moving back toward greater personal responsibility.   Ed Feulner

I think, therefore I am not a progressive liberal socialist marxist democrat

That's WY

DiabloLoco

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Re: SILVER PRICE RISING AGAIN!
« Reply #20 on: April 16, 2013, 07:22:39 pm »

Went to the coin shop to get more.
they did not have many rounds left, but I was able to get what I wanted.
was told that the refiners are just making the 10 oz and 100 oz bars for now.
that rounds may start back up in a couple of months.

Dawg
If you don't mind me asking.....What was the premium above spot? From what I have seen recently, there seems to be a major disconnect between the spot price and what a person can actually get the physical metal for (true market value). One ounce bars and coins are still selling on Ebay for $32-$36 each, but the spot price is a little over $23/oz.

THAT'S A BIG DIFFERENCE!!!

I got mine at $2.00 over spot, about $25 per round, the 10 oz were going for about $250 per bar
Sounds like a good deal!
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MamaLiberty

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Re: SILVER PRICE RISING AGAIN!
« Reply #21 on: April 17, 2013, 08:59:05 am »

Ok... let me interrupt this thread for a little question. I've wondered this for years, but never have gotten an answer I could understand. I've been told that "spot" is the national (or international) "market" price for the commodity, and that the actual price is based on that - but I don't see how that works or why it is used for metals, any more than anything else.

When I go into a store and buy a bag of beans, or a car part... the price is the price. Now, I may get a discount, and I usually have to pay a tax on some stuff, but the price is the price unless negotiated otherwise.

Why is silver (and gold) different? Why isn't the price the price? I can understand a "commission," or storage fees or whatever. Is this simply another name for a commission or the profit, or?
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Silver

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Re: SILVER PRICE RISING AGAIN!
« Reply #22 on: April 17, 2013, 11:41:45 am »

If you buy 100 kilo bars, you'll get the spot price.

If you buy a COMEX future for 100 troy ounces, and take delivery, you'll get the spot price you bought at on the day of the trade.  You'll also spend a fair amount on armored car transport, etc. getting the gold out of the vault.

If you buy three kilo bars from Tulving today, you'll pay only $8.95 per ounce over spot.  A single kilo bar (32.15 troy oz) he'll sell it at $9.95 per ounce over spot.  That's a 0.7% markup. 

If you buy 20 1 troy once gold Krugerands from Tulving, you'll pay an extra $34.95 per coin.  Buy 20 2013 gold eagles, and the premium is $63.95 per coin.

Buy a single kruger from goldmasters for $1492.43, about $109 premium to spot.  Gold eagles are $1523.32.  1/10 oz krugers are $160.95 each, about 16% over spot.

It's really no different in principle than corn or beans.  You can find quotes of corn and bean future prices in dollars per bushel, or dollars per ton, but you can't buy a single bushel at that price.  You can buy truckloads or silos full, but if you want just a bushel, you'll pay more than the publicized spot price for that commodity. 

Pretty much all commodities are cheaper when purchased in bulk.

Once in the grocery store, you pay more per pound of beans if you buy single pound bags than if you buy 10, 25, or 50-lb sacks.  You'll pay more for some brands that people want more than others, just as you'll pay for more for eagles than krugers - here in the US. In other countries, prices are different.

The premium you are paying over the published spot price has several components.  It has profit for miners (or farmers) middlemen, and traders.  It has fabrication costs for people who strike coins or make sacks for the beans, and it has transportation costs. 

When you buy 20 oz of gold from Tulving, the shipping is included in the price.  It's really quite remarkable that he can sell a kilo of gold, including secured, insured shipping costs, for only $9.95 per ounce over spot.  One wonders how he makes any money.  Pity that I don't have $45,000 laying about, else I would buy one of those lovely bars!

Peace,

Silver
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Silver

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Re: SILVER PRICE RISING AGAIN!
« Reply #23 on: April 17, 2013, 11:45:57 am »

US Silver Wholesale Suppliers Sell Out Of ALL Physical Silver On SAME DAY!

100 Years Worth Of Silver Sold In ONE DAY!

I don't believe it.  First, silver sales are private; where did they get their evidence?

Second, Tulving and Goldmasters have silver rounds and silver coins for sale.  Not a lot of variety, supplies of all small denomination PMs have been tight for years.  Nothing new about it.

So I have to call BS. :bs:

I'm not interested in conspiracy theories; I'm interested in the facts of conspiracies.  These claims have been refuted by a trivial fact check.

Peace,

Silver
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MamaLiberty

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Re: SILVER PRICE RISING AGAIN!
« Reply #24 on: April 17, 2013, 11:54:17 am »

Thanks, Silver... I'll just take your word for it. And I'm glad I don't have to worry about all that stuff when I buy my 50 pound bags of beans, etc. :)
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DiabloLoco

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Re: SILVER PRICE RISING AGAIN!
« Reply #25 on: April 17, 2013, 02:41:14 pm »

Just to add a bit........ Premiums are also based on availability, and numismatic value is added for certain coins. That can be considered a "premium" as well. Even bars of gold or silver manufactured by certain refineries carry a "premium" over the lessor known ones. A Engelhard or Johnson Matthey bar will cost you more than a Pan America or Sunshine Mint bar, just as a bottle of Pepsi or Coke is more expensive than a store brand, for example. You pay a premium for the "brand name", even though you are getting the same product in the same quantity.
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scorpio

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Re: SILVER PRICE RISING AGAIN!
« Reply #26 on: April 29, 2013, 07:05:08 pm »

Is $27 an ounce too much? I can get 90 but think that's still around 10% over spot. I can't find physical silver for less. Anybody know who has the best price?
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da gooch

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Re: SILVER PRICE RISING AGAIN!
« Reply #27 on: April 29, 2013, 07:29:11 pm »

I only use this page as a general gauge of the base price and the rise or fall per day.
YMMV
They do keep it updated pretty well.

From Coinflation dotcom Here.

Quote
Table based on April 29, 2013 8:23 PM EDT silver prices:
Silver $24.44/oz down -0.08
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DiabloLoco

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Re: SILVER PRICE RISING AGAIN!
« Reply #28 on: April 30, 2013, 05:54:00 am »

Coinflation also has 3 to 5 interesting articles/day. I visit it daily. Here's an interesting bit of information- Coinflation is actually owned by PCGS (professional coin grading service).
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OLD TIRED RN

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Re: SILVER PRICE RISING AGAIN!
« Reply #29 on: May 15, 2013, 09:52:35 pm »

For those not well into coin information go to the following ...www.coinflation.com    There is a lot of great information there.

                              Respectfully,

                                 RN
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