Real Silver

19 Feb

Real Silver

If there was not a problem with paper money, there would be no reason to own gold and silver.

If paper money was as good as gold and silver, then all the paper currencies that have failed throughout history would still be around.  

Still around like gold and silver.

Once again, we are experiencing some troubling conditions in the precious metals markets.  It is not the first time.  Once again, many dealers find themselves without supplies to deliver to their clients.  

We saw the same kind of conditions last year at the beginning of the COVID-19 pandemic.  

And it will not be the last time.  We will see problems like this again.  That is because they reflect real problems in the economy.

So, what is going on?  Once again, we are seeing shortages of real silver.

Shortages of physical silver products, coins and bullion, are a replay of the shortages that occurred last year.  

The United States Mint said just weeks ago that it was unable to meet surging demand for its gold and silver bullion coins due partly to pandemic-driven demand and plant capacity issues.

The price of real silver and paper silver substitutes have diverged.  The paper price is one thing, but you cannot get real silver at that paper silver price.  

You can only get paper promises, while the premiums on real silver have risen.

So, while the US Mint cannot meet demand, some dealers are taking money and promising delivery sometime, somewhere down the road.

They say pay them now, but it will be weeks before they can come up with your silver.  

That is a bad idea!  Do not do that!

Once again at Republic Monetary Exchange, we have foreseen this situation.  

We have real silver for immediate delivery.  On the spot.  

If paper money held its value like gold and silver, we would not be having these problems.  That is why we recommend you take today’s market conditions as a warning to make sure you have an adequate position in precious metals.