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Message: more anecdotal evidence

more anecdotal evidence

posted on Jun 13, 2008 01:14PM

silver is becoming harder and harder to come by in quantity. but when you artificially depress prices long enough, you can expect shortages. this comes from a dealer:

Today, in spite of sharply lower prices; I had the largest sales volume of any day this year. Upon booking an order of 100 oz silver bars for a client, my supplier told me there will be twelve weeks before delivery. That is very significant as it is double the previous wait time and I know that my supplier's vendor is Scotia Mocatta. Hard to believe that only a few months ago it took less than a week to have 100 oz silver bars delivered to my shop.

I had a client who wanted to buy $50,000 US worth of specie and pay in US funds in a draft drawn on a major Canadian bank. My bank wanted to place a THIRTY FIVE DAY HOLD on the funds because they were in US dollars. Something really stinks here and it suggests that financial institutions are really watching interbank transfers so they don't get

"Herstadt'd". Clearly credit issues among institutions are growing rather than getting better as the mainstream suggest.

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