People freak out when the price of silver drops like it has the past few weeks.
They don't understand the commodity.
Forget looking at charts, ratio to gold, past performance. The Market is controlled by large holders of the metal.
When it goes down you would think it would be dramatically cheaper to buy. Not so.
If you watch PM Retailers prices the premiums remain close to the same. Or they pull availability for existing stock.
When certain items become unavailable everyone screams "Silver shortage"
The price creeps back up/ availability returns.
There is no shortage of silver, TONS out there.
If you are waiting for fire-sale prices on silver Eagles it's not going to happen.
They are now numismatic (collectors) coins.
I no longer believe in silver as a viable asset to accumulate with current inflated premiums.
Tired of hearing "to the moon" price predictions from people pushing sales.
Realize that the premiums allow coin dealers to survive and thrive.
Gold, however, is in a different league.
It's simple really, 200 pounds of silver to sell? I don't want tonnage. Thats for truck loads of scrap iron,copper,aluminum and stainless.
China, European Nations, many others are buying gold. I don't know one of them buying silver bricks and storing it unless its for Manufacturing purposes.
JP Morgan owns enough silver bricks to control the price Globally.
As long as the silver price remains manipulated I have enough.
Gold value to weight ratio is more important to me.
Small, transportable, concealable,universally recognized as valuable.
Consistent small purchases over time wins over "Corner the Market" schemes.