Silver in short supply

[EE_]

look at CNI's inventory

https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-and-bars/

[mick silver]

sold out and the price keeps dropping like a rock in water

[Sparky]

Apmex still has hundreds of thousands of ounces available, and tens of thousands in smaller quantities (1-oz rounds and 10-oz bars). During the late 2008 price plummet to $8, they had no 1-oz or 10-oz generic bullion products available. None. My local guy had some, but refused to sell them. Now that's a silver shortage.

[hoarder]

Apmex still has hundreds of thousands of ounces available, and tens of thousands in smaller quantities (1-oz rounds and 10-oz bars). During the late 2008 price plummet to $8, they had no 1-oz or 10-oz generic bullion products available. None. My local guy had some, but refused to sell them. Now that's a silver shortage.
We don't know what Apmex has in stock, we only know what they say they have in stock. Many of the big bullion dealers are owned by banksters who have a motive to keep prices down.

[Sparky]

We don't know what Apmex has in stock, we only know what they say they have in stock. Many of the big bullion dealers are owned by banksters who have a motive to keep prices down.

In 2008, they got so bad they admitted they didn't have any in stock.

[Silver Rocket Bitches!]

In 2008, they got so bad they admitted they didn't have any in stock.

I don't believe they had none in stock. They simply refused to sell at that price. Any silver that could be found in Fall 2008 had 40% premiums attached. I went to coin shows back then and there was plenty of supply but you had to pay $13/ozt and many times they wouldn't sell unless you bought quantity.

[madfranks]

Apmex still has hundreds of thousands of ounces available, and tens of thousands in smaller quantities (1-oz rounds and 10-oz bars). During the late 2008 price plummet to $8, they had no 1-oz or 10-oz generic bullion products available. None. My local guy had some, but refused to sell them. Now that's a silver shortage.

I have found that APMEX has been running out of product for short periods of time, but appear to have no problems getting more back in stock after a few weeks. Lately I've been buying Geiger Edmetalle bars from them, and they consistently run out for weeks at a time. But it's nothing like 2008, not yet at least.

[Sparky]

I don't believe they had none in stock. They simply refused to sell at that price. Any silver that could be found in Fall 2008 had 40% premiums attached. I went to coin shows back then and there was plenty of supply but you had to pay $13/ozt and many times they wouldn't sell unless you bought quantity.

I don't doubt that. My point is that they weren't selling at those prices, either because they didn't have any, or because the retail industry knew that the paper price had gotten too distorted. I'm just saying that the current "shortage" doesn't yet measure up to the 2008 situation.

Another thing: One of the alleged things that created the retail "unavailability" was that there was a high demand for large delivery bars at the time (you know, like what SLV has to purchase when their paper price gets high compared to the bullion price). The smaller retail stuff was being scooped up for refinement to fill this demand. I know there's a lot of skepticism about SLV and GLD, and I understand the concern, but ultimately these are the vehicles that the big boys use which move the market. It happened 2009-2011, and I suspect it will happen again at an even greater scale in the future.

[JohnQPublic]

sold out and BECAUSE the price keeps dropping like a rock in water

fixed it for you.