Australian (ASX) Stock Market Forum

Panic! 19 dealers reported physical silver SOLD OUT!

just rang ainslie bullion in brisbane, asking on the availablility of silver.
"we havent any"...was the reply.
so i asked "when will you have some" .
"by the middle of MAY we hope", was his reply!! (get that??!!)
so i asked, "obviously theres a shortage, why is the silver price going down"?.
to which he said, without hesitation, "because it is manipulated".
i said "it is shorted",
"thats right".
"will this shortage make some difference to the manipulation"?
"its got to"...

"ok, thanks mate, bye"...

im not ramping. ring them and ask them yourself.

Address:
Ainslie Bullion Company, 289 Queen St Brisbane QLD 4000 Australia

Mail:
GPO Box 1870 Brisbane Qld 4001

Phone:
0 7 3221 0500

Watch these guys they are crooks in my opinion. Will quote you a very high price if you don't check their online price.They will also move the price to squeeze you for more dollars if they have to the next day. Do your research on prices before buying from them.They are the car salesmen of the metal dealers world.
 
Watch these guys they are crooks in my opinion. Will quote you a very high price if you don't check their online price.They will also move the price to squeeze you for more dollars if they have to the next day. Do your research on prices before buying from them.They are the car salesmen of the metal dealers world.

The spread for physical silver is still quite abnormally high. I haven't checked out the spread from other places yet, so if anyone find out more, do let us know.

However, the selling spread for silver is almost spot price as well. It reflects the physical shortage in silver. But haven't really hear much since then.
 
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