very close to unobtanium
I think that we are running out
This is a very costly exercise. High prices will bring this kind of activity out. Along with landfill mining.
Now that the sovereign mint is doing it? If anyone knows, they do.
Went to my lcs today. Talked to a friend, the owner.
Ordered x quantity of SMLs. He tells me that the RCM is rationing silver? Rationing silver!
Not surprised, but has never happened. $40 per OZ and 8 to 10 weeks wait. If I am lucky. Thrown in some Sunshine rounds. Not much cheaper.999. 6 weeks out. Sooooooo about the spot price. Who gives a fornication. It is decoupling, there will be an arbitrage and you will be sorry for holding the paper. Heck I can get $5 over spot on his bid for my physical. Just wait for May delivery calls. Will be big delivery month as everyone and their grandmother are short on supply, and long on the market. Sheesh
What struck me the most is how empty their showroom was. I mean there was nothing on display but some cheap copper rounds and some vintage nickles. Absolutely nothing with precious metals. He tells that other than his own stash, he does not have anything. He expects to replenish in 4 to 6 months if demand drops. These guys are one of the largest in SW Ontario. Not a joke by any stretch. RCM distributors.
In 12 years dealing with him, I have never seen this.
He was not wearing a mask.
WOW
Thanks for this boots on the ground report TMP
Yikes