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« Watching for the Canary in the Coal Mine | Main | The Misguided Case for Capital Controls »
Friday
May032013

Largest Wholesaler In U.S. Sold Out Of 100 Ounce Silver Bars

Today 41-year market veteran Bill Haynes told King World News that the largest wholesaler in the United States is completely sold out of 100 ounce silver bars and is no longer willing to take orders.  Haynes also updates KWN readers globally on the stunning buying of physical gold and silver he is seeing at his firm which is the largest gold and silver dealer in the United States.  Below is what Haynes had to say in this remarkable interview.

Haynes:  Eric, we had another huge week.  Big buyers, lots of orders.  It takes me right to what John Hathaway in your interview with him said, ‘The physical market has come alive.’  There’s absolutely no doubt about it.  I’m wondering when the buying is going to slow up, but it is not slowing up (right now).”

Eric King:  “Now I understand the largest wholesaler in the United States has stopped selling 100 ounce silver bars.”


To read this article in full please click here.

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Reader Comments (2)

Plenty of gold and silver here in the UK. Sight delay in delivery due to the surge in demand ,but that has now returned to 24 hours in most cases. The main problem dealers had was not having enough staff to cope.

May 4, 2013 | Unregistered Commentersilver bug

silver bug,

Thanks for this information, it sounds as though you have your finger on the pulse over there and that the supply picture may not be as bad as it is currently being portrayed.

Thanks for your comments and please keep them coming as it all helps to get some form of balance into this debate.

cheers,

Bob K

May 5, 2013 | Registered CommenterSilver Prices

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