A Curious Development in Silver
This article takes a look at supply and demand in Silver and drills down further. The author (Dr. Keith Weiner – president of the Gold Standard Institute USA, and CEO of Monetary Metals) states that supply and demand consist of two spreads.
“The basis is the profit one would make to carry metal (i.e. to buy a bar and sell a contract to deliver it in the future). The cobasis is the profit to decarry it (i.e. to sell a bar and buy a contract to get it back in the future). In general, if the basis is high and rising then we know that the marginal demand for metal comes from the warehouseman. If the cobasis is positive and rising then we know that the marginal supply of metal comes from the warehouseman.”
I must be a slow learner also!
Cory a mast see Fukushima ! http://www.youtube.com/watch?v=LdkW0BCpKfo
We need to start a movie……FRANKIE AND FUKIE,
Can you finance it?
What did you think of the BCS National Championship Game?
Don’t mean to answer another persons question but my .02 on the game. FSU demonstrated an ability to overcome odds and momentum in the second half. They were absent the first half but demonstrated that they are number 1. Gators also beat Auburn during the start of the season but looks like 2 years of rebuilding before they get it together. Did anyone catch Tebow doing the ESPN commentary? He will do well and was great doing the commentary.
^ Haha Bel & Noemi – i’m glad i’m not the only one.It’s pretty funny – they get a very good deal I think ;)Tiltumaria – Yep Skins was shown in Aus I loved it!I can see the Cassi raecmblsnee, but I think that Cassie had a really quirky, cute beauty. Georgia is just unnaturally amazing looking 🙂
At the end of that article he states the:
“One should regard this as another type of rot in the core of the system. The point of my dissertation is that narrowing spreads are a sign of increasing economic coordination, and widening spreads are a sign of discoordination. And now we have widening spreads in one market for one of the monetary metals.
This is not good.”
Not good for whom? All I see is a market with fewer large scale bullies being allowed to start acting like a market again. Fewer producers may close if they can make a profit. Long term investors may start to get a real idea of how much their assets are worth. NOT GOOD. I wonder if this is the 1st good news I’ve heard in a year.
Of interest to Canadian clients of RBC:
I gave my local RBC a call today asking about coin & bullion prices.
– one ounce gold bar was 3.5% premium over spot price – comparable to Border Gold price.
– silver is a different story; one ounce silver Maple was $6.30 over spot price – roughly $3.40 higher than Border Gold.
– the good news is that commission on the first Cdn$20k is 0.25% ($7 minimum)
– no shipping fee for RBC clients
– orders have to be placed and picked up in person
– availability of product may vary from that shown here
http://www.rbcds.com/bullion-product-choices.html
Irwin:
Out in my neck of the woods, I oz. quality AG rounds or 10oz. bars from a local mint (one of the 3-4 authorized to sell AG and AU blanks to the U.S. Mint) sell for $1.00 U.S. over spot. AG Maple leaf rounds $2.50 U.S. over spot.
$40.00 over spot for AU Maple Leafs. $20.00 over spot for .9999 AU I oz. bars from the same mint mentioned above through a dealer. Payment not due until local pick up.
Thanks for the feedback Dai Uy
I have a heck of a time finding an acceptable price on silver in Canada. Occasionaly Sprott has free shipping & insurance on orders over $10k, but with premiums jacked up, total cost is still very high. Gold and platinum I find much easier to buy .. it’s the shipping on silver that kills me, so I’ve mostly been using Central Fund of Canada (CEF.A)
I may have to holiday on the west coast this summer and visit Border Gold in person.
Thanks to you both, Irwin and Dai, for this conversation.
tank u irwin nice to now from Belgium !
Irwin, I dont know about as much as your after but check Albern in Calgary to maybe.
thanks b
I checked their website;
many of the common coins, rounds and bars are sold out.
CEF.A is still the best deal at 4% discount,
it is bullion but not quite the same as owning physical.
I wish to show thanks to you for baiinlg me out of this particular instance. As a result of scouting through the the net and getting ideas which were not pleasant, I believed my life was gone. Existing minus the strategies to the issues you’ve sorted out through this review is a critical case, as well as ones that could have badly affected my entire career if I had not come across your web blog. The competence and kindness in maneuvering the whole thing was excellent. I’m not sure what I would’ve done if I hadn’t come across such a thing like this. I can now relish my future. Thanks so much for your professional and effective guide. I won’t be reluctant to endorse your blog post to anybody who wants and needs assistance on this area.
Just now checking First Majestic price – it’s $23 usd plus shipping.
I think that even if we see $1,000 gold and $15 silver,
prices for physical-in-hand will not be much lower than they are right now.
Premiums and shipping costs will only be that much higher.
don’t eat sea food irwin wen you go to the west cost ! enjoy !
No chance Franky,
and I take potassium iodide every day 🙂
http://www.youtube.com/watch?v=mRDR-6tBtV8
But Franky……………….
Nothing and I mean nothing will separate me from my beloved and famous Penn Cove Mussels (Whidbey Island) which are on or West Coast.. OK…I might glow a bit but they are absolutely great…………………….
yes ! you WIN !
Seems a bit high as very recently I paid $21.
I think Irwin might be talking $CAD.
In the case of First Majestic it’s $23 usd = approx $24.90 cdn
Thanks. I bought some rounds and kilo bars from them when their share price was still under $3. Even then, it seemed that their pricing was sometimes very close to the paper price and sometimes not. The paper price floor is zero, so it kind of makes sense that discrepancies would pop up!
So I agree that physical, in hand with no delivery delay, has far less downside than paper silver.
All the cards are phenomenal- can’t wait to see what eyervone creates using their BG!!Your card is darling, I love the bright colors and that image is too cute! That’s one pack of BG I don’t have I bought a couple sheets but not to whole pack.
This article data is very interesting but the analysis is poorly written. It takes time to digest.
I bought my first silver from the RBC in certificate form over 11 years ago. The guy I bought from had no idea what I was talking about. Finally I had 5, one hundred ounce certificates that I sold over a year later to help buy a house in Calgary.
When it comes to the financial dusnitry, a pen name isn’t going to build confidence and I am wondering about compliance issues since I did marketing for a FA for a large national firm I wouldn’t trust the site.Why?First, I don’t know who is behind it. No pictures, the about is too vague. Plus, no address or contact info is actually on the site. In some cases brevity is good but in this case, it seems suspect.I understand perhaps wanting to not disclose who you are based on conflicts in the dusnitry but when it comes to the financial world I think it just raises objections.Next, the images (other than social media) are poor quality. Get a logo or get a pic up with some better graphics and that will help a lot. If this is a financial person (who is selling a few items from almost every nav bar link) it needs to have a unique identity and crisp, sharp images that convey high quality and reflect wealth not boot strap.Too harsh? Sorry but seriously that is what hit me right off the bat.I’d suggest adding some useful content to build engagement and moving the nav bar links into sales images on the sidebar.They look like they are designed as landing pages but don’t really do the job upon perusal. The language isn’t friendly and is a bit too removed. You might create unique sidebars that help the person learn more about the topic and why they need the resource you provide. In essence, create resources or engaging content for people and then sell. I’d also like something else in the sidebar at the top instead of getting lead directly to a sales page.Photo with short snippet about why the blog exists and an invite for an autoresponder perhaps? Or how about a short poll they can take and see the results instantly?Answering the What’s in it for me? for the visitor should be something you address. WWSGD plug-in (mentioned earlier) might be a good idea but I’d spend some time looking at sites involved in finance and explore how the top ones look and how they lead the visitor.Finally, good job in getting a site up and having resources for people. Getting help early will really help you progress quickly and hopefully prove to be a good investment pun intended!
Yes, maybe they should have just not used her essay at all, if it didn’t fit with the theme. I was being olrvey dramatic and maybe had a poor choice of words, but if her essay was off-topic and awkward, then I don’t think it would be inappropriate for adults to step in instead of letting the trainwreck happen. If that is what happened. News flash: you don’t have to be a Clinton partisan to say that maybe something she did isn’t as bad as it is being portrayed. I’m not a Clinton partisan, but I have to admit, I kind of miss the Bill Clinton years. They weren’t too bad, relatively speaking.I wonder why you don’t like the Clintons. Bill was pretty moderate. You seem quite liberal on many things. Is it just because they are on the blue team?
GoldCoreLimited on January 31, 2011 GoldNomics rceahed 70K Views ovirhegnt and will reach 71,000 any second now. Long way to go if we are to challenge Spandau Ballet’s painful song Gold’ at top of YouTube charts with 5,161,561 views in 5 years but we will get there especially with your help Thanks everybody who liked, commented & shared the video.We believe it is one of the best ways to educate friends and family about our modern financial and monetary system and the financial & economic challenges facing us all today.
Huh? Anyone else confused? Anyone who can explain this in the King’s English? I must confess that I’m a slow learner. Any thoughts Franky?