Companies are trying to buy physical Silver BACK from you OVER Spot!

[edsinger]

Been reading and today was a VERY BIG DAY for Silver...

APMEX is offering to buy Silver Eagles at $3 over Spot and Gold Eagles at $38 over spot..


There is a shortage of Physical Silver.....Options are due this week.

JP Morgan is Further shorting it, Trading is/was stopped in Asia tonight!

Man this is mind boggling!

Apmex Starts Reverse Inquiry: Seeks To Buy "Any Quantity" Of Silver From Clients At $3 Over Spot

Apmex Starts Reverse Inquiry: Seeks To Buy "Any Quantity" Of Silver From Clients At $3 Over Spot | zero hedge


and another...

http://silverliberationarmy.blogspot.com/


I need to find out what Silver is ACUALLY doing in ASIA.....crap...

 

[edsinger]

Well there is some Silver out there, check this out.

GROUP INGO BUY?


Pallets Monster Boxes 25000oz Silver Eagles Mint Sealed


http://cgi.ebay.com/Pallets-Monster-Boxes-25000oz-Silver-Eagles-Mint-Sealed-/330555974874?pt=LH_DefaultDomain_0&hash=item4cf6abe4da

 

[Brandon]

i wouldnt sell. if they are offering 3 dollars over spot, what are they expecting it to go up to??

 

[Bunnykid68]

i wouldnt sell. if they are offering 3 dollars over spot, what are they expecting it to go up to??

1/16th of what gold is currently priced at.

 

[edsinger]

I cant find anything, supposedly Asia drove the price up to be squashed in Western trading today but after an initial fall it started rising but still managed to close lower (Gold and Silver). Now I am reading that it is way up in Asian trading and then I saw that this company has no stock and is ending emails to customers to buy it back before delivery even.

This is strange to say the least.

 

[Bunnykid68]

silver has been devalued for years. do some homework. i bet it hits $75 before the end of the year.

 

[edsinger]

It appears to be down in Asia

Bid|Ask45.963 46.01 Low|High45.515 46.75 Change-1.28

-2.71%

Apr 25, 2011 21:56:57 EST


As is Gold.....is this the 'correction' spoken about? Is the Fed raising rates on Wed?

What is going on?? Is this JP Morgan doing this through its Hong Kong facilities?

Bid|Ask1497.62 1498.58 Low|High1495.19 1507.62 Change-10.98

-0.73%

Apr 25, 2011 21:56:58 EST


Gold Price, Buy Gold, Gold Coins, Gold Mining Stocks, Free Gold News and Precious Metals Online Information - GoldSeek.com

 

[edsinger]

The correction has begun I think

Bid|Ask45.56 45.64 Low|High45.515 46.75 Change-1.69

-3.57%

Apr 25, 2011 22:40:51 EST

 

[Bill B]

It closed in HK @ $47.15

 

[rhino]

Unless they're talking about $3 over spot plus whatever premium is currently on Silver Eagles, that's not a good deal. Well, it's still not a good deal. It's barely over what you'd pay to buy them in a coin shop.

 

[Just4Fun]

I have been buying silver for a year and really wish I would have started earlier. I think there may be a slight drop as some people sell to take a profit, but I don't think $75 by the end of the year is out of the question. I also don't think $7/gal gas is out of the questions. Charting the Course to $7 Gas - J. Kevin Meaders - Mises Daily

 

[rhino]

I remember that I almost started converting my cash to silver when it was $17 an ounce. Almost.

Still, even though the spot is way up, it's still a good hedge against the kind of inflation that is very possible. An ounce of silver or gold will always be worth an ounce of silver or gold. A dollar or Euro or Yen? Who knows!

 

[indykid]

This reminds me of when the Hunt brothers tried to buy up as much silver as possible and corner the market. Drove prices up until someone caught onto them and the prices came tumbling down. Amazingly the world survived and all continued on.


With the panic buying in the current market, we are really in for some interesting times.

 

[indyartisan]

When the Hunt bros. bought all that silver the Fed was not printing a trillion dollars a year. You are seeing the devaluation of the dollar.

 

[Cpt Caveman]

Eeyup, what he said...too many dollars in the system, inflation is here folks.Silver prices rising is just another sign of it.

 

[djl02]

3 dollars over spot and its gonna drop 3 dollars or more. I cant remember what the latest high was.

 

[Magyars]

Silver is still a good investment....it may came down some (like today 45 & change) but it will comtinue to go up over the long term as the dollar goes lower.

 

[ATOMonkey]

Investments are bets.

When you buy a commodity, you are betting that demand will go up or supply is going down, or that the value of your currency compared to the value of the commodity is going to go down.

There is only one mover in those criteria.

Also, it's much easier to buy commodities on paper. The fact that people want PHYSICAL commodities speaks volumes to the current state of our currency. It's telling me that they want insurance, not an investment.

My commidities are beans and bullets. You can keep your silver and gold.

 

[edsinger]

Well it dropped $2 an ounce, this is part of the manipulation and depending on what the FED announces tomorrow, it could go down to $42. BUT,

I think it will finish over $48 by Friday...

 

[rhino]

It only went down to just over $45 on Wednesday, but it almost went over $50 today. I think it will break $50 tomorrow if not $51.