If everyone is selling gold/silver why is it hard to buy now?

peilthetraveler

peilthetraveler

Generic silver completely out.

http://www.apmex.com/Product/156/Generic_Silver_999_Fine_per_ounce.aspx

Apmex 1oz gold bars completely out.

http://www.apmex.com/Product/60162/1_oz_APMEX_Gold_Bar9999_FineIn_Assay_Tamper_Evident_Pkg.aspx

So if everyone is selling, why isnt there more gold/silver available to buy?

I'll tell you...all you paper traders mess with the price and those of us holding physical buy it all up. Whatever "news" is out there about a collapse in gold/silver is just to get you to sell it cheap to us. Proof is in the physical not the paper.
 
Quote from peilthetraveler:



So if everyone is selling, why isnt there more gold/silver available to buy?

I'll tell you...all you paper traders mess with the price and those of us holding physical buy it all up. Whatever "news" is out there about a collapse in gold/silver is just to get you to sell it cheap to us. Proof is in the physical not the paper.
More...

Of all the theories I have ever heard (about anything) that is definitely one. :)

Traders yesterday interviewed on various cable, financial shows were very negative based on the technicals, and seemingly in a consensus for the long term BULLISH.

For what its worth....

"For historical purposes"

Chart 11 to 15 April

http://www.elitetrader.com/vb/showthread.php?s=&postid=3780893#post3780893
 
The worry over deflation writing is on the wall.....

-China showing cracks

-The US labor market is still horrendous

-Manufacturing slowing

-BOJ has to double its balance sheet to get 2% inflation pa

-Commodities falling

-Boomers retiring

-Cyprus selling large quantities of gold

-Spain, Italy and others will soon likely follow

Why wouldn't they try to take gold down in order to buy it up from the PIGS and Cyprus at a 30% discount?
 
There is plenty available to buy - just buy futures on COMEX, and instruct your broker to take delivery, you can have all the gold you want.

Quote from peilthetraveler:

Generic silver completely out.

http://www.apmex.com/Product/156/Generic_Silver_999_Fine_per_ounce.aspx

Apmex 1oz gold bars completely out.

http://www.apmex.com/Product/60162/1_oz_APMEX_Gold_Bar9999_FineIn_Assay_Tamper_Evident_Pkg.aspx

So if everyone is selling, why isnt there more gold/silver available to buy?

I'll tell you...all you paper traders mess with the price and those of us holding physical buy it all up. Whatever "news" is out there about a collapse in gold/silver is just to get you to sell it cheap to us. Proof is in the physical not the paper.
More...
 
Simple, the small guy is buying (apmex), but the big money is selling (futures)

Gold has been disconnected from real supply and demand for a long time now, due to a lot of big money coming in. It is historically unusual and won't last forever. As a small guy, you just enjoy the ride.
 
Quote from deucy28:

Then there is the depressive (no pun intended) reality of demographics keeping a heavy lid on our future.

A boring topic. A hughely significant impact to come. Can you spell J A P A N or P I I G s ?

http://www.elitetrader.com/vb/showthread.php?s=&postid=3712161#post3712161
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Good point. Demographics likely are the root cause of most of the deflationary forces. Certainly the proliferation of social programs and the decay of the nuclear family/morality exacerbate the situation greatly.
 
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