Observation: Sheeple Awakening; Silver running low ( in Vancouver coin shop)

[skid]

A couple of ladies at work have been listening to me talk about G&S for the last few years and I mentioned now was a good time to buy after the big drop. The two of them went to the coin dealer on the weekend. One gal bought 8 100 oz bars and the other bought another 3 to add to the 400 oz's she already had. They wanted to buy more but they cleaned the dealer out of 100 oz bars.

I told them they should have a few hundred 1 oz coins as well....

[gunDriller]

8 100 ounce bars ?

that's quite an entrance !

[LastResort]

So one gal just walked out of the coin shop with 50lbs of silver...LOL That is quite an entrance.

I finally got around to checking out my local small town coin dealer. He didn't have alot only a bunch of maples for $40 bucks a pop. He said its getting hard to get and he basically gets in whatever he can get his hands on. He also told me its selling fast these days. Its good to see some people in my area are backing the truck up.

[Son-of-Liberty]

My dealer doesn't even have 100 oz bars left. They are on a 8 week wait. 1oz rounds a 4 week wait. When I was in there last week he still had some rounds and stuff to sell over the counter but with a much higher premium then if you waited for delivery.

[mamboni]

Long waits and thin or no silver inventory at the local shops. Indians and Chinese reportedly buying silver hand over fist. SAEs selling for $10 premiums over spot on Ebay. Is the COMEX bluffing us with this low ~$30 spot price and declining registered inventory? Or did industrial demand fall off a cliff and create a burst of new silver supply that is depressing the price?

[Plastic]

Last time I went to my local dealer all he had left was a handfull of dimes, I nabbed all but seven of them on account of only having 140 frns worth of dry powder.

He usually has 50 - 100 random one oz rounds and buckets full of 90%.

Silver is selling faster than flap jacks at an IHOP.

[midnight rambler]

8 100 ounce bars ?

that's quite an entrance !

Yeah, and a very poor choice for noobs.

[chad]

100 ounce bars suck when you try to get rid of them.

[midnight rambler]

100 ounce bars suck when you try to get rid of them.

Which will result in a noob going, "This (buying silver) was such a BAD idea!"

Gee, why do ya think that dealer had 100 oz ingots yet no 1 oz rounds or bars, or 10 oz bars (or even 90%)? Duh...

[Santa]

Anything under $40 is a steal of a deal.

[midnight rambler]

BU rolls of 90% can be found on feebay for less than $40/oz.

[JohnQPublic]

This is like Sept/Oct. 2008 on more than one level.

Europe=Bear Stearns; scary Oct. ahead (?).

No one was buying gold/silver in the summer because prices had climbed so high so fast; once prices fell in Sept./Oct. everyone rushed to buy (though supply was very tight).

Fed/Congress/pres. talking more govt. assistance. Even Repubs. going along with some of it (no surprise actually).

Sense of panic in the air, even amongst sheeple.

[milehi]

I stopped by the shop today after lunch and was told there was no silver available. I hadn't heard that since the middle of August 2008. There was plenty of fractional gold, so I grabbed two Dos Pesos. He then dug around and came up with two of the scruffiest(and goofiest looking) art bars I'd ever seen so I grabbed those also. I shot the shit for a while and a woman walked in with a small handful of dimes and one quarter, which I also bought. It turned out that she's a checker at a Food 4 less and this was her monthly haul. She proudly told me that she can tell the silver dimes by the sound they make ;) She also said competition is stiff for those dimes at the store(and at the coin shop apparently ha ha).

[MAGNES]

Kitco has cheap maples for Canada,




KITCO MAPLES, they keep changing their shipping policy, even daily, APMEX is overpriced.
USD $ 33.35 ea. APMEX $35.49
https://online.kitco.com/bullion/completelist_USD.html

Silver Eagle 1 oz
Product details (https://online.kitco.com/bullion/silver/product_box_silver_eagle_1oz.html)
USD $ 34.40 ea. APMEX, $35.62

Silver Philharmonic 1 oz
Product details (https://online.kitco.com/bullion/silver/product_box_silver_phil_1oz.html)
USD $ 34.15 ea. APMEX $35.54

Just a few days ago these differences were greater.

[hoarder]

Back in 2003-2004 $5,000 worth of silver was as much as I could carry. I didn't like being limited to what I could carry out of a coin shop so I made a habit of walking in with a hand truck and a plastic battery box strapped to it.

[gunDriller]

Back in 2003-2004 $5,000 worth of silver was as much as I could carry. I didn't like being limited to what I could carry out of a coin shop so I made a habit of walking in with a hand truck and a plastic battery box strapped to it.

that sounds very picturesque !

got any pics of your bricks ?

[skid]

8 100 ounce bars ?

that's quite an entrance !

She brought her backpack and was worried that the straps were goimng to break on the way out.

PS nothing wrong with 100 oz bars in my opinion. I have never had trouble unloading them for spot.