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07:25 PM
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Silver severe Market backwardation. Paper Market Breakdown.
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:darth:MV80NzA5MjExXzg1NzQ5MDY0X0Y1RUREMUY3] [quote:Perma-Banned:MV80NzA5MjExXzg1NzQ4NzcxXzIxNkY2NUQ5] [quote:jlee2027:MV80NzA5MjExXzhBNzhBRURB] Paper is trading for far less than actual Physical. Example. Paper is $27 an ounce. Bars are $32-$34 an ounce (APMEX: https://www.apmex.com/category/25670/100-oz-silver-bars) This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE. My fellow SilverTards we ride soon. [/quote] I don't know where you are getting the price of $34....The cheapest silver I am seeing that is available is well into the $40 range. To get anything of substantial quality and quantity you are most likely looking at $45 from any of the internet brokers. Lot's of loose ounces on Ebay but, nothing substantive!!! [/quote] Try Texmetals dot com. Texas Precious Metals in Shiner, TX. If you can drive there, you can purchase for cash at a discount. No sales tax on PMs in TX. Ag coins and bars around $33-35/troy oz. [/quote]
Original Message
Paper is trading for far less than actual Physical.
Example.
Paper is $27 an ounce.
Bars are $32-$34 an ounce
(APMEX: [
link to www.apmex.com (secure)
]
This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.
My fellow SilverTards we ride soon.
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