Disconnect Between Paper & Physical Prices And What We Can Do About It. « Political Metals

Since the recent price take down, we’re inundated by stories of retail buyers not being able to buy physical coins and bars at the ridiculously low spot prices painted by the paper futures markets. For those fortunate enough to get their hands on any physical bullion, it will be at relatively large premiums over spot with long delivery lead times. The disconnect is growing with each dramatic take-down..

“Sold Out”

KH of InvestSilverMalaysia reported that,

Back in Malaysia, it has been a wild ride. With the recent collapse of gold & silver prices, PM suddenly becomes very hot. Lowyat is having comments like 5 pages/per day ever since that crash. Physical silver bullion dealers are not selling. They are either: holding up the stock or, stock have been completely drained. Replenishing takes 2-3 wks. Even so, many bigger supplier from the states are having the same problem too! Too many orders! I am guessing even those at the top of the food chain are having problem processing massive orders. Many smaller local websites just shut down – refusing to take orders. 1cheapsilver has yet to recover from that 26-dollar-fall. It is really a war zone here.

Here’s what greeted him at UOB when he personally went there to buy his gold bullion. Read his story here.

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via Disconnect Between Paper & Physical Prices And What We Can Do About It. « Political Metals.