Posts Tagged ‘Running out’

100oz Silver Bars running out!!

Posted: January 28, 2011 in Silver
Tags: ,

An interview with Bill Haynes from King World News reveals just how quickly silver is running out. Quoted from the article:

I was able to get 100 ounce silver bars (recently) and then all of the sudden these guys I call them and say ok, we are talking 100 ounce silver bars, they’ll say well, it’s a month out on any order you place today. And then I have people telling me they will not take any orders on 100 ounce silver bars until May.

There’s a couple of things that are going to happen that is going to shut a lot of people out of this market. All of the 100 ounce bars are going to be gone in a matter of days, not weeks, days. Then people are going to have to put up their money and they are going to have to wait weeks or months before they get their bars. They are also going to have to pay higher premiums for that product because the marketplace will put a higher premium on the bars on a price drop that depletes all of the vaults around the country.

Looks like Silver supplies may be depleted sooner than we thought!

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