Thread: Is the low in?
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Old 05-17-2012, 01:17 PM   #11
TritteTouff

Join Date
Nov 2005
Posts
481
Senior Member
Default
very true.

if you're spending $1000, the difference between $30 & $32 spot price silver is maybe 1 round.

assuming $10 shipping - leaving a $990 budget -

silver @ 32 with $1 spread ... $33 each ... 30 rounds.

silver @ 31 ... $32 each ... 30.94 rounds - not quite enough for 31 rounds.

silver @ 30 ... $31 each ... 31.94 rounds - etc.


OK, so looks like the difference is 1.94 rounds.


i can't say "the low is in" because China is happy to let the banksters hang themselves.

they could drive Ag to $26 - maybe.

re Au - China bought 100 tons in one month recently. that means they bought 50% of world production that one month. one other month recently it was 64 tons. China has made a shift recently from buying 10% of world production to buying about 1/3 of world production.

listening to Harvey Organ - he describes how the banksters are racing around trying to fill orders at the low price, only to be told by "old friends" - "sorry, can't help ya."

http://harveyorgan.blogspot.com/
To Gundriller and Twisty:

You know I love you guys, I really do. But worrying about small price differences in silver before buying physical at this time is akin to the guy obsessing about the price of parachutes while the plane he is flying in 2 miles up is out of fuel and running on vapors (and the pilot is a crazy bald professor with a beard who keeps telling everyone to sit down and buckle up and all is OK).
TritteTouff is offline


 

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