text: You Think Silver Price Premiums Are Big Now??? | Silver Phoenix 500
  What I'd like to do today is get you to think forward or around the corner. If premiums exist today in what has been a declining market, what will happen in a rising market?
  If we look at the move in 1980 when silver traded to $50, what was the backdrop? There was actually more silver above ground (we still had Manhattan project silver as supply) and the uses were far less than they are today. Also, the amount of debt, money supply "people" with a living standard high enough to buy silver were much smaller than today. Debt and money supply have risen maybe tenfold and those with the ability to purchase silver around the world has at least doubled, maybe even tripled.
  Now, what would happen to premiums if the same supply demand dynamics were applied, but rather than the price declining ...it was rising? In a rising market, buyers will pay a premium out of fear! This fear will arise not only because other assets are crashing around them but because owners of fiat don't want to be stuck with something worthless. The other side of the coin, the supply side, will also be a source of fear. "Fear" of metal going "no offer" (which it will) and having no exit door at all!
  You may be shocked with the current 25% premiums in silver, don't be. You might ask yourself "what is the price of silver"? Is it COMEX/LBMA pricing or is it whatever you must pay to get it into your hands? You might mistakenly at first quote the paper price. In the near future you will have no question what the "price" is. This is an exercise in sharks (Goldman) eating sharks. In silver, there are no more little fish left and even many of the previous sharks are no more. The day where those who hold (real silver) and choose not to sell is close at hand. OWNERS of silver will be the ones pricing it. You will have no questions as to what the "price" really is. In fact, the term "discount" will be applied to paper rather than "premium" to physical.