As any MSM brainwashed sheep can clearly see there are no shortages and silver and gold are in a bubble.
Got silver and gold?
Expect gold at$10,000/oz and silver above $500/oz (with corrections in between).
Over the past hour Zero Hedge has been inundated with reader comments notifying us that Ampex has, validating the earlier post speculating about a possible silver shortage at the metals distributor, launched a “reverse ïnquiry” in which it will pay “you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!” and “We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!” So aside from this first public confirmation that one of the biggest wholesale retailers of precious metals is now inventoryless [sic], we can certainly see why Asia has decided to take silver down in the afterhours electronic session.
Submitted by Tyler Durden on 04/25/2011 19:22 -0400