PHYSICAL Silver in Extremely High Demand: Provident Metals Begs Customers For Patience While Trying To Fill Orders

“NOTICE: Due to extremely high order volumes, some orders have been taking longer than normal to process. We have increased our staff and are working 12-14 hour days to ship your orders.”

6 comments to PHYSICAL Silver in Extremely High Demand: Provident Metals Begs Customers For Patience While Trying To Fill Orders

anthony

January 14, 2013 at 12:10 am · Reply

jesus h christ!!!!!

not only there is run on guns and ammo, people are buying up all gold and silver!!!!!

i did my part too a few day ago.

fvck you JP Morgan and Blyth Masters!
GoodOleBoy

January 14, 2013 at 1:30 am · Reply

Been waiting for my order for a while now. Picked up a batch of pandas, lunar snakes, koalas, and kookaburras when silver went back down near $29. Thank you Cartel for putting it on sale! I also bought the SBSS trivium early in December and I haven’t got that yet either. Supposed to have it all shipped by the 15th, fingers crossed.
Sharky

January 14, 2013 at 5:49 am · Reply

Biggest Online Bullion dealer in the UK almost 4 weeks wait for almost every silver product!!
Slvrizgold

January 14, 2013 at 6:23 am · Reply

I remember how it was in 2008-9. APMEX and such had all the silver you could want it seemed, and the price just keep dropping. Next thing you know, they don’t have those tens of thousands of 10 and 100 oz bars constantly in stock. I remember if you could buy an Eagle the premium was $5-6 minimum (even though spot was $10 or thereabouts). Bars were $2 over spot per oz, which was 20% premium to spot. Junk silver was several % over spot. Generic 1 .999 1oz rounds were 10% over spot. Am I right about this or is my memory faded because that was 4 or 5 years ago? I seem to remember you could get 1000 oz bars and they were about half a dollar per oz over spot. I think a LOT of 1000 ozs bars were fabricated into smaller retail products starting at that time, and that could have been the impetus for the runup to $49. That is, 1000 oz bars normally available to industrial users was diverted to stackers and then they panic bought when shortages became a worry. Stacking is just getting started. If 10 million people in China and India out of their 3 billion people get a hankering for stacking silver it’s all over re: price manipulation. It only takes a few hundred million ozs of physical investor offtake per year to send physical markets into dire shortage. This is the conclusion I arrived at 6 years ago when silver was $10-15.
John

January 14, 2013 at 8:23 am · Reply

Tulving ran out of 90% two weeks ago. The silver stampede is just beginning!
Thomas

January 14, 2013 at 10:32 pm · Reply

I wonder if the precious metal demand has a bit to do with the Medical Industry?
Silver was used in Army socks as it destroyed fungus or bacteria also in certain bandiges used in Hospitals.
Recently, I find out that 99.9% SIlver bars used in Distilled water with electrical charges releases small amounts of minute particles into the water. It can be digested in small amounts and is supposed to help with a lot of issues that standard antibiotics do not work on.
Xmas 2012 I find out that a certain Scoks manufacturer is now using Copper for the saME REASON. To fight bad odours resulting from fungal or bacterial build up. Accupuncture needles were traditionally silver or copper vound on the top.
Understandably this is only one use for precious metals as the Electronics Industry, water pipes (copper) and other industries require Silver and Gold. The currency aspect is only one part of the equation. If you buy out the Silver and Gold you corner the MArket and the Industries that require these will have to pay a higher sum for them. This will increase the prices at the retail outletsfor goods that require the use of these metals. Some may be forced into using fibre optic wires where they can?
Clever agenda if I am correct.