Gold Price Drop Pushes Physical Silver Shortage
from GoldSilver.com
The story about gold’s recent dramatic fall in price has been both loud and widespread, but the underreported story is of a rapidly dwindling silver bullion supply.
The large price drop shook out some nervous investors, but overall the physical bullion investing public is not fooled. Savvy bullion buyers are taking full advantage of this price drop buying in bulk. They understand that fundamentally nothing has changed aside from lower gold and silver prices at the moment.
Two weeks before this recent price take down, physical silver shortages were starting to appear in the market and premiums were on the rise. The silver supply issue has since been exacerbated and many dealers are sold out of their silver inventories.
Remember there is no Quantative Easing for physical precious metals, when demand overwhelms supply, only an escalating price can balance the equation.
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2013-04-18 22:00:10
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