BullionVault.com Runs Out Of Silver In Germany


With the US Mint selling silver at an unprecedented pace, it was only a matter of time before the silver shortage would be spotted across the Atlantic, where distributors ran out of both gold and silver on a daily basis during the first time Europe became insolvent some time in early May 2010.

Sure enough, BullionVault.com has announced that it has run out of silver in Germany “due to high demand.” In the meantime, the CFTC’s actions have succeeded in allowing the JPM’s suppression of precious metals markets to continue indefinitely, yet all its actions have really done is to provide a short-lived lower cost basis for the precious metals as there is no indication demand is subsiding.

At some point the margin calls will come. Then not even Gary Gensler will be able to bail out JPM (we wish we could say the same about Ben Bernanke to whom JPM’s role as head of the tri-party repo clearing market is irreplaceable in maintaining an orderly shadow liquidity market).

(Click on image to enlarge.)

Translation:

Due to high demand our own silver stocks are exhausted right now.

As BullionVault is only dealing with physical bars which are already in our possession, we are currently unable to offer, silver on our own market. Of course, our market is still open to all our clients act with each other and set their own prices. This situation could lead to buyers and sellers at higher prices. Buyers are asked to check the price again before they confirm their order.

On Tuesday, 18 January 2011, we expect the next delivery for silver.

Submitted by Tyler Durden on 01/14/2011 15:42 -0500

Source: ZeroHedge

Related information:

The Ultimate Cost of 0% Money

These Central Banks Are Printing Money – Prepare Yourself

Gold:

George Soros’ and John Paulson’s Biggest Holding Is GOLD

China, Russia, Iran are Dumping the Dollar, Buy Gold And Silver

Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’

Silver:

Silver: Shortage This Decade, Will Be Worth More Than Gold

Silver Derivatives – China and JP Morgan

Max Keiser: Want JP Morgan to Crash? Buy Silver!

Max Keiser: Crash JP Morgan – Buy Silver!

JPMorgan Silver Manipulation Explained (Must-See!)

And don’t forget to do this (!!!):

James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

I do NOT recommend BullionVault:

Lord Rothschild fund invests £12.5 million into BullionVault

1 thought on “BullionVault.com Runs Out Of Silver In Germany”

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.