by Dr. Jeffrey Lewis, Silver-coin-investor:
Thanks to all of you for helping me win my bet…
The other day I was having a debate with a friend about where premiums would go in the short term — after the big sell off.
As you know, there has been a ton of excitement about surging demand and signs of shortage. Physical inventories have been tight for quite some time, but there has been inventory out there.
I believe what we could be seeing is a sell down of current inventory with some dealers (who can afford to bet that prices will rise) selling future deliveries at or around today’s price.
It’s a gamble for all, because everyone will have to wait. And the waiting… well…
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