WB What do you think about the disparity between futures prices and if you want to go and buy a coin. You go and try to buy a coin of gold and your lucky to pay $1,000 today, silver your lucky if you can get it for $18 $19 dollars american but you see the Comex price is $12.04, I think it was today.


JR Well I don’t know why anybody would pay that kind of premium. What happened was all the dealers went and bought huge silver supplies back when silver was at $20 and now their stuck and they don’t want to take a loss and so they are telling people they don’t have coins.
I promise you sir if you offer $25 for silver coins you’d get all you wanted. There is no shortage. It’s just that the shortage is because the dealers bought huge inventories that they don’t want to sell at a loss. So I think it’s happening, dealers are just refusing to buy them.

They’re there, I don’t think we are running out of silver coins my god, there are millions and millions of silver coins, it’s the dealers are stuck. And to some extent the same is with gold as well.

I promise you, call up and offer $1,100 for gold coins, you’ll get all you want.





The rest of the interview can be found here: http://news.goldseek.com/GoldSeek/1236783780.php


I think to some degree he is right about the dealers loading up.

I'm not sure that's the reason cuz I don't believe that most dealers are dumb enough to buy at a high. Dealers know, just as you and I do, that spot price rises and falls quite a bit. I believe they are selling for $18 per coin because they can get it, no other reason. If they weren't selling well they'd lower the premium.

I'm not sure that's the reason cuz I don't believe that most dealers are dumb enough to buy at a high. Dealers know, just as you and I do, that spot price rises and falls quite a bit. I believe they are selling for $18 per coin because they can get it, no other reason. If they weren't selling well they'd lower the premium.

Well, I think initially his theory was correct. That was why you saw the premiums jump when the price of silver started to fall. I'm talking about when the PMs dropped off last year. I doubt many are still holding inventories from that period tho I could be wrong. The premiums have stayed in place because people will pay them imo.

I think the unprecedented demand is the only cause. Gold and silver are going mainstream. It happens every time the public becomes aware of impending social upheaval.