The Phaserl


The Strained Supply Line of Silver Buying

from GoldSilverBitcoin:

When in 2008, the price of silver took a 50% haircut, demand did not. At the time, I heard reports of bullion dealers in the US who were not selling the monster boxes of Silver Eagles they had already. Physical metal was hard to find even amid a riveting selloff.

[The] storm turned for the better in a dash, and silver began to rise in price all the way up to $50 an ounce. So, it is reasonable to have believed that, once the price approached $50 or thereabouts, it would correct…even if in a real way. As Jim Rogers said the other day, to paraphrase, “50% haircuts are common in bull markets.”

Silver still consolidates in the shadows of gold’s headlines.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>