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US Mint Reports January Silver Sales Hit 26 Year High

Tyler Durden's picture


When we had last checked on the total silver sales by the US Mint earlier today, the amount given was 3,407,000 ounces, a number which we had earlier speculated would be a monthly record if sales were maintained at the current pace. And as the number had not been updated we assumed that "either buying interest has ceased overnight (unlikely), that the
mint is not updating its numbers (likely), or, worse, that the Mint has
now stopped selling any form of silver for reasons unknown." Indeed, the result was the likely one, and following a quick check today on US Mint sales confirms that sales have once again surged following the Mint's delayed update. As of today they stood at a whopping 4,588,000, or nearly 1.2 million ounces sold in a few short days. This represents the biggest monthly total sold by the US Mint going back to 1986 when the Mint disclosed its first monthly sales record... And the month is not even over yet. In other words in just the first three weeks of January, the mint has sold more silver than in any month in its history according to its public records going back 26 years.

So the bad news is that while the bulk of Scotia Mocatta's silver bars continue to be sold out (and just the Valcambi 1kg bar is shown as available), the good news is that the kind folks at BullionVault were good enough to advise us that their physical silver inventory is now back and is on line (and contrary to our previous notification, the firm's physical shortage was not in Germany but in England, where its vaults are located) so our England-based readers can go ahead and purchase at will from said location.


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Tue, 01/18/2011 - 20:42 | 885822 Hephasteus
Hephasteus's picture

I don't believe this story. Everybody knows everybody spent every dime on computers. They don't have no money for silver.

Tue, 01/18/2011 - 20:47 | 885832 Gloomy
Gloomy's picture

I have a friend at work who said last Christmas they counted 14 Apple products in their home, ranging from Ipad Touches for the smaller children on up. I couldn't help but think that this was just such a misapplication of capital. Not to take anything away from Apple but making enticing toys for Americans is not going to help us any. Maybe Jobs is an agent for the Chinese.

Tue, 01/18/2011 - 20:51 | 885845 Xibalba
Xibalba's picture

market saturation. 

Tue, 01/18/2011 - 21:05 | 885888 barkster
barkster's picture

I was at my bank today; there was a short line.
There was just one lady in front of me, an Asian lady who was trying to
exchange yen for dollars. It was obvious she was a little irritated . . .
She asked the teller, "Why it change? Yesterday, I get two hunat dolla fo
Today I only get hunat eighty? Why it change?"
The teller shrugged his shoulders and said, "Fluctuations."
The Asian lady says, "Fluc you white people, too."

Tue, 01/18/2011 - 21:08 | 885899 Hephasteus
Hephasteus's picture

That is one fantastic joke.

Wed, 01/19/2011 - 02:59 | 886543 Michael
Michael's picture

I made this Youtube video with pieces from part 3 of the BBC documentary, “The Power of Nightmares”. It explains the Precautionary Principal and where it came from, that has caused so much damage to our way of life and the world. This will tell you why the eco-fascists an neo-cons use their apocalyptic predictions.

The Precautionary Principal-International Banking Cartel Brainwashing

Wed, 01/19/2011 - 04:54 | 886592 spdrdr
spdrdr's picture


For a start, a "principle" is only a noun, and "principal" is both an adjective, and a noun, but a noun only when referring to what used to be called a Headmaster.

For example, parse this sentence:

"My principal objective is to teach people to properly refer to a principle." 

 Or indeed, this sentence:

"My Principal used to whip me on the arse with a cane, in order to augment the principle of not fighting authority."

Your video did nothing to explain the Precautionary Principle as a recently developed Left Wing assault upon reason.   

In fact, you seem to attack "neocons" as being prone to falling for this ideological clap-trap, if not as the instigators.

You should go back and study modern history, without drawing long bows of illogical populist thought.

Not only that, but your video provides absolutely no cognisant link between the Precautionary Principle, and the Banksters, which is the front-centre focus of your diatribe.

If I were your dissertation supervisor marking your video, you would get an "F" for fail. 



Wed, 01/19/2011 - 07:29 | 886653 Al Gorerhythm
Al Gorerhythm's picture

Ouch! on the grade. Fair result.

However, the doco was new to me and was of interest. Pity about your lack of ties to the bankstas though.

Looks like a gathering of "The Pilgrim Society", at that "do" where Tony Blair was being inducted into something(?).

Could also be the annual gathering of the Sociopathic Society, or Tony's debut.

Tue, 01/18/2011 - 21:10 | 885901 Pladizow
Pladizow's picture

+ wan hunat an flity

Tue, 01/18/2011 - 21:44 | 885989 lawrence1
lawrence1's picture


Tue, 01/18/2011 - 22:02 | 886027 Turd Ferguson
Turd Ferguson's picture

OK, now I'm starting to get interested:

Tue, 01/18/2011 - 22:15 | 886062 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It appears gold has bottomed at $1355, silver bottomed at $28.40, and platinum bottomed yesterday at $1705

The next Move:

Tue, 01/18/2011 - 22:30 | 886090 goldmiddelfinger
goldmiddelfinger's picture

Trolls trolling trolls trolling trolls

Tue, 01/18/2011 - 22:35 | 886101 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Nothin' like a good fight!


Tue, 01/18/2011 - 22:44 | 886123 goldmiddelfinger
goldmiddelfinger's picture

Too bad you're not up fer it Lil man

Tue, 01/18/2011 - 22:48 | 886138 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I will see your insult and raise you platinum.

Tue, 01/18/2011 - 22:53 | 886150 goldmiddelfinger
goldmiddelfinger's picture

and I substitute platinum and insert palladium at 1/20th the price and equal the usefulness

Tue, 01/18/2011 - 23:14 | 886196 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Thievery Corporation - The Numbers Game:

Wed, 01/19/2011 - 03:17 | 886492 Bay of Pigs
Bay of Pigs's picture

GMF and Spalding are the new Bravo's...

Wed, 01/19/2011 - 03:19 | 886556 jeff montanye
jeff montanye's picture

don't follow the "1/20th the price".  palladium about $800/oz., platinum about $1800/oz.  ?

Wed, 01/19/2011 - 01:07 | 886440 Attitude_Check
Attitude_Check's picture

Why do you even bother to post lying little man, or are you the "new and improved Harry Wanger?"

Your post on another thread that you only made 100% on silver sold 7 Dec 2010 that you held for 15 years was a knee slapper.  According to historical data (it's posted you lnow, your lies can be easily detected) you the price of Silver was arround $5/oz and on 7 Dev it was $30.5/oz.

Tue, 01/18/2011 - 23:39 | 886240 Dantzler
Dantzler's picture

Nice one.

Peg bites.

Wed, 01/19/2011 - 03:30 | 886562 A Nanny Moose
A Nanny Moose's picture

Thanks. Just had major dental surgery. I think I ripped out my stitches.

"It only hurts when I laugh"

Wed, 01/19/2011 - 06:04 | 886620 Cheyenne
Cheyenne's picture

Fucking awesome story, made my day. Thanks.

Wed, 01/19/2011 - 06:09 | 886621 Sudden Debt
Sudden Debt's picture

+10 :)

A Chinese couple had a new baby. The nurse brings them over a lovely, healthy, bouncy, black baby boy. "Congratulations," says the nurse to the new parents. "What will you name the baby?" The puzzled father looks at his new child and says "I think we will name him "Sum Ting Wong."


"There was this Spanish guy, this Chinese guy and this Russian guy all
working for the same construction company. At the beginning of the day the
boss comes out and says to the Spanish guy, "You're in charge of the

Then he said to the Russian guy, "You're in charge of the dirt."

Then he said to the Chinese guy, "You're in charge of the supplies."

Then he said, "I'm gonna be back at the end of the day to check on your
work. It better be good or you're fired."

So they all go off to go get their work done.

At the end of the day, the boss comes back to check on their work. He
looks at the big pile of cement and goes, "Good work," to the Spanish guy.
Then he looks at the big pile of dirt and says, "Good work," to the Russian
guy. Then he couldn't find the Korean guy so he asks, "Where the heck is
the Chinese guy??"

All of a sudden, the Chinese guy jumps out from behind the big pile of dirt
and yells, " SUPPLIES!""




"What do you call a drive by shooting where a Chinese guy gets shot?



Wed, 01/19/2011 - 08:19 | 886669 I Am The Unknow...
I Am The Unknown Comic's picture

Barkster, I'm really busy at this moment, but I want you to know that I took the time to log in just so that I could register a reply to you and thank you for your joke.  You have made my day already!   This joke is flucking hirairwious round-eye! 

Wed, 01/19/2011 - 12:58 | 887317 barkster
barkster's picture

glad i could lighten your day a bit!

Tue, 01/18/2011 - 21:01 | 885879 Missiondweller
Missiondweller's picture

He's a huge creator of jobs....for China.

Tue, 01/18/2011 - 22:26 | 886056 Pegasus Muse
Pegasus Muse's picture

... they counted 14 Apple products in their home, ....

No Apples here. Just Windows, PMs & guns.

Tue, 01/18/2011 - 22:39 | 886100 DoChenRollingBearing
DoChenRollingBearing's picture

Apple Product Census at the Bearing's Household


Bearing:                           0 Apple products

Wife:                                2 Apple products

Daughter (out on her own):  at least 3 Apple products


Tue, 01/18/2011 - 23:17 | 886201 PalmiticGlycerin
PalmiticGlycerin's picture

I've got a few rotten apples in the back of my fridge...

Tue, 01/18/2011 - 23:41 | 886245 goldmiddelfinger
goldmiddelfinger's picture

Who left em there? your CFP?

Wed, 01/19/2011 - 07:25 | 886651 Cash_is_Trash
Cash_is_Trash's picture

Sounds like a Nintendo Wii may be involved.

You have to admit that (at least) Apple MacBooks are better manufactured than Dell's, Toshiba's, etc.

Tue, 01/18/2011 - 22:46 | 886132 steveo
steveo's picture

Various archery product to silently shoot the apple is good too....don't fritter around!

Wed, 01/19/2011 - 03:02 | 886545 SilverRhino
SilverRhino's picture

3 devices here and every one of them gets used every day.   Itouch + 2 ipods (home / car) [bit of an audio junkie].  

You couldn't pay me to have a macbook or an ipad but these 3 devices are well worth their utility value.  Best grand I have EVER spent when you think about usage versus cost.  

Ditch itunes with media Monkey and you will never look back.


Tue, 01/18/2011 - 22:50 | 886143 Uncle Remus
Uncle Remus's picture

Was all set to pound out none, but noticed a lone Apple wireless keyboard on top of a hutch. Dammit. I thought I gave all that stuff away.

Wed, 01/19/2011 - 01:07 | 886441 Silverite
Silverite's picture

I have run my small business on Apple computers for over 10 years. They are cheaper and more reliable than human employees and have much higher resale value. Each dollar I spend on an Apple product comes back to me a thousandfold in efficient, reliable, productive work. An iPad is less than 1/2 oz of gold now, pick one up if you haven't, they are great!

Wed, 01/19/2011 - 10:08 | 886838 Hephasteus
Hephasteus's picture

Ya and when they come with rotating laser turrents to fry your ass when you don't pay your taxes they'll be even better. Get the iEnforce and iEnforcer pro.

Tue, 01/18/2011 - 21:52 | 886006 rocker
rocker's picture

@Hephasteus 'I don't believe this story'. It is very possible if you consider who the major customers might be.
Certified Dealers have proprietary accounts and can suck it up real fast. Hell, the Morque might even buy from them.

Tue, 01/18/2011 - 22:46 | 886131 Hephasteus
Hephasteus's picture

Sorry rocker. We're over 9000 iterations into this mind fuck.


Wed, 01/19/2011 - 04:11 | 886584 President Palin
President Palin's picture

I thought everyone was buying iPads?

Tue, 01/18/2011 - 20:43 | 885824 The Rogue Trader
The Rogue Trader's picture

Blythe is buying it all....

Tue, 01/18/2011 - 20:43 | 885825 Twindrives
Twindrives's picture

Hey Blythe Morgan, kiss my ass bitch.

Tue, 01/18/2011 - 20:49 | 885839 Bastiat
Bastiat's picture


Just a kiss?  I expect a little more . . . soul!!

Tue, 01/18/2011 - 22:38 | 886113 DoChenRollingBearing
DoChenRollingBearing's picture

Eeeewwww, she's kinda nasty lookin'...

Just sayin'...

Wed, 01/19/2011 - 07:27 | 886652 Cash_is_Trash
Cash_is_Trash's picture

Is she still divorced?

Poor husband that had to put up with her nasty ass.

Tue, 01/18/2011 - 20:43 | 885826 Gloomy
Gloomy's picture

I guess the public is doing what it has been told to do by their advisors, the cartoon bears



Tue, 01/18/2011 - 20:58 | 885870 JW n FL
JW n FL's picture


Tue, 01/18/2011 - 20:48 | 885835 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Silver Keisers

As i've mentioned on another thread, has anyone received their silver keiser coins yet?

I've tried emailing them, but get no reply. We were also promised regular updates, they were suppose to be shipping the first batches by now and to have finished shipping by end of Jan:

They currently have $5.6m dollars of peoples money (171,250 ounces x $33 ).

This is starting to stink bad. Has this all been a huge scam exploiting Max Keiser's compaign?

Anyone has any luck with the silver keisers?

Tue, 01/18/2011 - 20:52 | 885856 Xibalba
Xibalba's picture

Max Keiser has no involvement with the production of the "Silver Keisers" what so ever. Physical delivery of the "Silver Keisers" will commence in mid January and all pre-orders will be delivered no later than the end of January. They will be sold on a first come, first served basis. All questions and concerns should be directed to

Tue, 01/18/2011 - 21:03 | 885869 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Er, yeah, i know all that. Like i said, i haven't got a reply from emailing them. And yes, Max Keiser has no financial involvement with the Silver Keisers, but he has promoted them and allowed them to use his image.

Anyone had any actual official response from the silverkeiser people? It's not looking good PR or credibility wise so far. $5.6m is a lot of money to be sitting on.

Wed, 01/19/2011 - 00:26 | 886361 flacon
flacon's picture

Perhaps, like Eric Sprott, they are having a hard time sourcing silver [planchettes]?

Tue, 01/18/2011 - 21:06 | 885893 ZEITGEIST
ZEITGEIST's picture

same story for me ...just a recording that says they will answer calls on Dec 13th..and no return email despite my having a confirmation number for my order..straaaaaaaange..

Tue, 01/18/2011 - 21:16 | 885914 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Max Keiser himself should try and find out what's going on to assure his followers. When they had initial problems with the website (people couldn't place orders because of shipping price glitch) he got in touch with the company them to let them know people were having problems.

Max Keiser needs to step up and find out what's going on, even though he has had no direct involvement. 

This is starting to look like a nasty scam. It only takes 5 minutes to update the website to let everyone know what's going on.

Tue, 01/18/2011 - 21:49 | 886003 Selah
Selah's picture


This is something Tyler should look into.

A scam is a scam even if it's pro-Silver.  If it's legit, then you should get answers with quickness.


Tue, 01/18/2011 - 21:55 | 886005 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Agreed. It would be good Tyler/Zero Hedge if you could put your weight behind this to find out what's going on. $5.6m of good peoples money at stake that could have been spent elsewhere on silver by now for the good cause.

Wed, 01/19/2011 - 01:17 | 886457 JLee2027
JLee2027's picture

I don't think asking like this is the proper forum.

Listen, Max Keiser has a website. It's gosh...are you Why don't you go ask him yourself?

Wed, 01/19/2011 - 05:08 | 886599 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Max Keiser spends all day copying links from onto his site, so he should read this and hopefully take note. I posted this query on because it has more followers and to raise the issue to a wider audience.

Tue, 01/18/2011 - 22:14 | 886059 Sean7k
Sean7k's picture

My understanding is that Northwest Territorial Mint is the one supplying the silver coins. If true, they have a history of being waaaaay late with deliveries. It is one of the reasons I didn't even consider the coins.

Best of luck.

Tue, 01/18/2011 - 22:23 | 886076 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Yes, i've heard the rumours of NTM and their poor service, but that's not our problem as customers.

Our purchase agreement was with the people, they chose the minting company and part of the 'deal' was that they deliver at the time scales they set themselves. i.e. Mid Jan 2011 - End of Jan 2011 at the latest.

If we don't get an official response soon, i suggest people start claiming refunds from paypal and their credit card companies as they've already had $5.6m sat in their bank account for over a month earning a nice bit of interest for themselves. Leaving it too much longer and paypal payers won't be able to claim as there is a 45 day limit.

Tue, 01/18/2011 - 23:47 | 886260 UncleFester
UncleFester's picture


Next time just buy from a local.  Go to the jewelry, not at the mall...the good one that's been around a long time.  Ask the jeweler who the old money families in your area use for bullion purchases.  Pay cash.

Wed, 01/19/2011 - 05:10 | 886601 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Yeah, i know, i've done all that before for years. These Max Keisers were suppose to be a one off novelty to help support the crash JPM campaign. You know, that rare thing these days, of trying to do the right thing.

Max Keiser himself supported the campaign, so shouldn't have been as dodgy as it has been.

Tue, 01/18/2011 - 22:59 | 886112 Pegasus Muse
Pegasus Muse's picture

I don't know about the business or if it has any association whatsoever with Northwest Territorial Mint. 

However, I have placed many orders for silver rounds with NWT during the past 18 months.  All deliveries all on schedule, as promised.  I have not bought gold from them.

Within the last two months the mint's Order-to-Ship time has doubled:  4 weeks to 8 weeks for silver rounds because of a huge increase in order volume and size.  The mint disclosed this when I placed my last few orders.

"My understanding …" and “Yes, i've heard the rumours …” are weasely-ass mealy-mouth rumor mongering qualifiers I cannot let pass without comment, since I know they are lies from my own first-hand experience with NWT.  

Rumor and inuendo about this particular mint seems to surface on a regular basis on ZH and other PM sites.  A disgruntled customer?  Or maybe someone doesn't like the competition. 

Tue, 01/18/2011 - 23:01 | 886167 Uncle Remus
Uncle Remus's picture

As a past customer of NWT, I can tell you they have not always been so forthcoming with delivery times. And I do know the state AG looked into them for possible fraud and their communication has improved since that time. I received the products I ordered from NWT.

Their lead time on delivery makes me uncomfortable and as a result I no longer do business with them.

Tue, 01/18/2011 - 23:57 | 886288 traderjoe
traderjoe's picture

Pegasus - you've been a member for a long time, so I doubt you are a corporate shill for NWTM. 

That being said, I could not disagree more with your statement(s). My own experience with NWTM was a disaster. 

First, the company has a consent decree with the WA St AG -

which demonstrates their past practices and their deceptiveness. In addition, the BBB rating is abysmal. 

I made a large order with them in January 2009. On the invoice they marked a vague 8-12 week delivery time, but this was never mentioned during the ordering process. At 12 weeks, they delayed the shipment - which is a violation of their consent decree. At that time, platinum had gone up $300/oz from my buy point, so I was getting worried. I wrote numerous letters to the company highlighting that they were in violation of their consent decree and threatened to contact the AG. Eventually the company counsel told me to do just that. I had to write a 4 page letter to the AG citing the various violations of the consent decree and cc'ed the company. Finally, I started getting partial deliveries. After the AG become slightly involved I got the final delivery - where the platinum Maples were previous circulated (mixed years) in contradiction of my order of uncirculated coins. But by then I was simply happy to have received my order (or the rough approximation of). Total time from order was 12-14 weeks or so, and countless hours of my time in correspondence and also worry. The in-house counsel - you could tell he dealt with my sort of complaints over and over again. He was very practiced in his responses...

With Apmex, in stock orders arrive within a week. Tulving is a barebones/old-school company, but their deliveries were also within the week and the prices competitive. 

I see no reason why NWTM has 2-3 month wait times for standard Eagles/Maples, etc. My educated/experienced guess (in working with the company) is that there are a few possible reasons: (1) they used to earn huge floats on the money when interest rates were higher; (2) they run some sort of hedging scam where they will fill orders when prices dip below the order prices and try to earn the 'arbitrage' (leaving themselves open to failing to deliver on a huge price spike); or (3) they use new customer money to fill old customer orders, i.e. they are in a current assets - liabilities deficit, but it works so long as the volume of new customer orders is higher then the past customer orders. 

In short, there are lots of reputable PM dealers out there. I've never had a problem with the two I have mentioned. There are others. Why would someone subject themselves to the experience of waiting 2-3 months with a company that has repeatedly demonstrated (see the consent decree) itself to be less then upstanding? Waiting that long for physical delivery seems to be anathema to the whole idea of protecting oneself from the possibilities of a fiat collapse or market dislocation. 


Wed, 01/19/2011 - 00:30 | 886370 philgramm
philgramm's picture

I placed two orders with NWT mint.  Although they have delivered the product there were two big issues for me.  first,my shipment came in 3 months after ordering (I was told 4 weeks).  second, when I inquired about my order they beat around the bush about when my order would be shipped.  Sorry, left a bad taste in my mouth.

Wed, 01/19/2011 - 07:00 | 886628 Pegasus Muse
Pegasus Muse's picture


Sorry to read about your bad experience with them.  I would be pissed too.

I buy silver rounds from them because their markup over spot is reasonable particularly considering their price includes free shipping and insurance.

For what it is worth, they tell you up front when you order that if they cannot fulfill your order within 30 days they will refund your money.  If the price of silver has gone up during the period, they'll refund you at the current higher price.  If the price has fallen they'll refund you at the previous higher price of the metal on the day you placed your order.  Seems reasonable deal to me although I've never taken them up on it. 

I will take your comments into account for the other metals. I'll also give the mint feedback the next time I order about disclosing -- up front -- the typical wait times customers should expect for the various PMs based on the mint's recent Order to Ship Time data.  This info should be prominently displayed on their website and stated during the purchase process.  That ought to help eleviate some customer worries and misunderstandings.  

Wed, 01/19/2011 - 08:11 | 886658 zhandax
zhandax's picture

I bought a couple of 100oz silver bars from Apmex in July and they were each here in like three days.  The one time (Autumn, 2008; admittedly a trying time in finance) I ordered 10 x 10oz silver bars from NWTM, they arrived in a month and a half.  I bought the house hallmark and recognize that there are production times to cast this stuff, but when I saw Apmex announce a few weeks ago that the RCM 100oz bars would not be available until the next week, I realized that NWTM's lead times have to be the result of either (optimistically) playing the float, (pessimistically) credit delays for raw material supply, or (more likely) management of production schedules to favor the higher margin products.  Given that the margins on commemorative medals are probably better than bullion casting, I am willing to give them the benefit of the doubt on the third choice.  However, as a bullion buyer, I find Apmex a more attractive choice to meet my needs.

Tue, 01/18/2011 - 22:03 | 886032 total nonsense
total nonsense's picture

I have to be honest i am a little suspicious,especially because i have received no response from them. I put in a dispute with American express which i used to pay for them to see if i can get a response this way

Tue, 01/18/2011 - 22:37 | 886109 FrankIvy
FrankIvy's picture

Seriously - who the f---k sends money to a start-up company promising to take "pre-orders" for silver coins they may or may not  be able to mint and send at higher-than-ordinary premiums over spot? 

Seriously, how f---ing dumb can you be?

Sure this sounds like a scam.  You know why?  Because the amount of thought that a person of ordinary intellect would need to to apply to figure out that sending these folks your money is potentially a huge mistake is about 20 seconds, which means suckas and fools are the target audience.

If you're offended, well, you should be.  Fools and their fiat are soon parted, and with nought, neither paper nor silver, they stand penniless like that cartoon bear who farted.

If it makes you feel any worse, the FAQ page at the keiser site lists as the folks who own the keiser op.  Go to  That'll make you feel worse.

Tue, 01/18/2011 - 23:07 | 886177 DoChenRollingBearing
DoChenRollingBearing's picture

Problems like this are another reason why I just pay the premium for the roll of Silver Eagles at the coin shop.

Tue, 01/18/2011 - 23:13 | 886191 FrankIvy
FrankIvy's picture

Problems like this are another reason why I just pay the premium for the roll of Silver Eagles at the coin shop.

No shit, huh?  Or use a frikin reputable dealer (with lower premiums!).

Tue, 01/18/2011 - 23:43 | 886246 DoChenRollingBearing
DoChenRollingBearing's picture

Yes.    :)

Another thing I like about the coin shop is I walk in with cash and I walk out with gold / silver / platinum depending on what's available and how much cash I have and what I want.

I do understand the arguments for paying a lower premium.  But, I want the recognition factor that Eagles provide.  Anyone counterfeiting Eagles is going to have the Secret Service on the case, as they are Legal Tender.

Also, that is paying CASH, leaves less of a trail...

Wed, 01/19/2011 - 05:46 | 886609 RafterManFMJ
RafterManFMJ's picture

And if there is one thing our regulatory and enforcement agencies are quick and fearless to act upon, it's fraud. Especially financial fraud.

Wed, 01/19/2011 - 00:32 | 886373 gaoptimize
gaoptimize's picture

Is it OK to put in a plug for both Kitco and APMEX here?  I've had perfect experiences with both.

Wed, 01/19/2011 - 01:19 | 886462 Irwin Fletcher
Irwin Fletcher's picture

I once had a perfect experience with Jon Nadler. His insights into the precious metals markets have been, well, precious. Cheers to you, Nads. However, </sarcasm off>, APMEX has sent me lots of good stuff, but I miss the little card with the picture of the guy who packed my order, which they haven't been sending me recently. What up, APMEX???

Wed, 01/19/2011 - 02:14 | 886515 Instant Karma
Instant Karma's picture

One of my orders had multiple cards in it: one from the packer, one from the checker of the packer, and one from someone else. They must be quite busy now with all the action in silver. I think silver is too frothy now, I'm waiting a bit. Gold would be my default if I need to diversify out of more fiat. Or, Canadian/Australian Dollars.

Wed, 01/19/2011 - 03:05 | 886547 SilverRhino
SilverRhino's picture

Had very good experiences with (TrueMetalsCorp) and APMEX is SOLID. 

Tue, 01/18/2011 - 23:11 | 886187 FrankIvy
FrankIvy's picture

Here's a legal argument you might win.  In the "10 reasons to buy silver keiser" section of the website, the sellers boldly PROMISE - "8. You will be able to sell them in January for much higher prices than what you had originally paid."

Wow!  Quite a guarantee there.  If that doesn't smack of scam, I don't know what does.  They guaranteed a profit.  Guaran-freakin-teed!  Why would they sell something that is guaranteed to be worth more in a few months?  Hah!  I'm no lawyer (well, I am, but this isn't legal advice), but I'd say they made you an express warranty of some kind right there.  Could be actionable.  Course, if they turn out to be scammers, it's not like they're going to have money in assets you could reach.  Ironically, their assets would probably be in untracable silver. Ahahahaaaaaaaahahaa.

Wed, 01/19/2011 - 00:37 | 886389 Xibalba
Xibalba's picture


Wed, 01/19/2011 - 21:43 | 888956 BidBull
BidBull's picture

Hi everyone, BidBullion Management here. Well I would have to say that the Silver Keiser campaign is a bit behind schedule but it certainly isn't a scam. Every dollar taken into PayPal still sits there and will not be withdrawn until after delivery of the Silver Keisers. We have been responding to hundreds of emails daily and having a huge positive response. We would like to let everyone know that NWT Mint has been doing everything on time as per our agreement.

There was a slight delay on our part for silver buys, but besides that we are happy to announce that the dies are done and we are moving to the production phase. All the people that ordered the Silver Keisers in advance will have the images of the sculpt and the pictures of the finished dies in their inbox in the morning as we have just received them. I'm positive they will be posted on all sorts of sites by late tomorrow. All emails are being answered promptly now since we have increased staffing and operating platforms.

Any further questions for us should be forwarded to

We hope this has been helpful.



BidBullion Mgmt.

Mon, 02/28/2011 - 19:13 | 1005307 JuicyTheAnimal
JuicyTheAnimal's picture

Funny that here it is almost March and I still haven't seen one of these coins on Ebay or heard of anyone receiving one.  Maybe you're in jail already? 

Tue, 01/18/2011 - 20:49 | 885836 Stuck on Zero
Stuck on Zero's picture

Wow.  That would mean 1% of Americans could have a little slug of silver to toss around ...  except I'll bet the Zero Hedge JPM knockers bought 1000 each.

Wed, 01/19/2011 - 08:18 | 886667 JW n FL
JW n FL's picture

boxes are 500 each... I have enough to cover me and a few neighbors worth as far as driving the market against the $650T monster...

if everyone would just buy 1 fucking coin... we would be done and won already!

Tue, 01/18/2011 - 20:49 | 885838 michael.suede
michael.suede's picture

LOL silver

We all know that metals are worthless baubles.

Only paper with government ink on it has real value.

That's why I keep my life savings under my mattress in crisp C notes.


Tue, 01/18/2011 - 21:47 | 885997 lawrence1
lawrence1's picture

Doesnt the Psalm go,  ¨He maketh me lie down in green fiat pastures.¨?

Wed, 01/19/2011 - 03:27 | 886558 pasttense
pasttense's picture

Do you still smoke in bed?

Wed, 01/19/2011 - 06:55 | 886631 gravitas
gravitas's picture

lol! lol lol lol!!!

Tue, 01/18/2011 - 20:50 | 885843 Don Birnam
Don Birnam's picture

It would be interesting to see if the Royal Canadian Mint is experiencing a similar trend, regarding the Silver Maple Leaf -- a coin of historically low mintage, compared to the Silver Eagle.

Tue, 01/18/2011 - 20:51 | 885847 Devore
Devore's picture

Where's the silver shortage?

Tue, 01/18/2011 - 20:59 | 885871 JW n FL
JW n FL's picture

not at my house?

Tue, 01/18/2011 - 20:52 | 885850 Feyd Rautha
Feyd Rautha's picture

Kitco Canada has been out of RCM (royal can mint) 100oz silver bars for 2 weeks.

Tue, 01/18/2011 - 21:00 | 885875 Thomas
Thomas's picture

Kitco out? But Jon Nadler says everything is fine. Don't tell me he is fibbing again.

Tue, 01/18/2011 - 22:27 | 886086 BobPaulson
BobPaulson's picture

Sometimes I wonder if they are rigging the "inventory" to give preference to selling when prices are high. "Sell the dip" is a shitty business model. 

Today I went down the strip in Guadalajara of gold vendors and everybody said they would not sell 1oz coins until the price went up. Of course these are nickel and dime operations but I'm guessing it's good for business for the big vendors to suddenly say they have supply problems during price dips.

Tue, 01/18/2011 - 23:33 | 886227 JLee2027
JLee2027's picture

I'm sure some do. I'm also sure in a supply shortage, you can start to demand huge premiums and still sell stuff.

Ok, that was my S tongue twister for today. 


Wed, 01/19/2011 - 11:04 | 886962 Feyd Rautha
Feyd Rautha's picture

Possible. Then again, Sprott probably just bought everything he could from RCM !

Wed, 01/19/2011 - 11:04 | 886963 Feyd Rautha
Feyd Rautha's picture

Possible. Then again, Sprott probably just bought everything he could from RCM !

Tue, 01/18/2011 - 21:17 | 885860 Hook Line and S...
Hook Line and Sphincter's picture

With pressing capital controls all about us, I can think of nothing more timely than to speak of the proper methods of smuggling gold, contraband reptiles, silver & cheap wine in your rectum...

Luggage, rolls of fat, dead bodies, shoes, briefs, make-up, wigs, propane tanks, cars, engines, secret compartments, construction supplies, humans, and animals are all ideal places to smuggle contraband. But when it comes to the most useful and effective device for smuggling, only one method offers so many benefits – clandestine rectal trafficking. Smuggling drugs in your darkest orifice is a no-brainer. Anybody who’s ever seen ‘Traffic’ or ‘Scarface’ knows how to do it, but what else does (and will) the average ZeroHedger pine to smuggle past customs? 

Who’s trying to ‘rectify’ your behavior?

The U.S. Customs service (an agency of the U.S. Treasury Department) is the agency of record for the interdiction of your smuggled wares...regardless of what the TSA thinks of themselves. They’re a wily branch of the government that is completely unconcerned with your need for wealth preservation, quick cash or delicious deli meats. Whether by land, air, or sea, these feisty agents sweat gallons working to outsmart you. 

Smuggling Methods 

Whether you’re smuggling PM's, 143 billion dollars of bearer bonds, narcotics, FRN's, lemurs, people, weapons, false passports, cash, mosquito larva, or stools of the stars samples, you should first seek to AVOID border checks. ‘Go fast’ boats, smuggling tunnels, and private airplanes should be used when possible. If avoidance is not possible, then CONCEALMENT must be your goal. The better Customs becomes at detecting gold and silver bullion, not to mention various brands of sausage, the deeper you must insert them into your body. At one time, when smuggling items by rectum was all the rage (’77 through ’01), customs officials would probe, examine, and otherwise penetrate the orifices of up to 62% of entrants into the U.S. (some of the more adventurous border crossers found themselves addicted to making return trips – the record is 16 in a day). But since the TSA revealed that such examinations are no longer commonplace, the feasibility of using your anus as a storage device is now more relevant than ever.

Uncommon yet lucrative contraband 

Gold, Silver, Platinum, Palladium (do not smuggle uranium) 

Parrots (Pua Parrot, Green Winged Macaw, Lesser Sulphur-Crested Cockatoo – use alcohol tincture or chloroform to subdue) 

Lizards (Warning: the Poison Arrow Frog’s poison can be absorbed in the colon, leaving the smuggler into a hallucinatory state) 

Antiquities (Always make sure that the Scarab jewels are not real scarabs) 

Art (Edvard Munch’s ‘The Scream’ was purportedly stolen and transported this way by Sam ‘The Sodomite’ Sykorski) 

Rare Meats, fresh poultry and fish (Through my extensive surveys I’ve found that gay men have consistently been able to smuggle up to 34% more Cold cuts and bratwurst. Gay men are truly as the old adage goes – ‘sausage smugglers’) 

French Wines (A fitting location for the product of those so similar) 

Soft Cheeses 

Quarantined fruit (interstate) – Do not smuggle star fruit or nopales (Opuntia Cactus)


DID you know? In 2010, California inspectors were examining some refrigerated sausages. During the examination, some of the meats were accidentally swallowed whole by the drug sniffing dog. Concealed inside them were cryogenically frozen parrots. After they warmed up, one exited the dogs behind, where the dog was promptly arrested for smuggling. The other bird pecked its way out of the dog’s stomach.

DID you know? The U.S. Customs Department is the oldest federal law enforcement agency? It is estimated that 4% of its workforce are active smugglers themselves. Think smart, share some PM's with a new 'partner'.

DID you know? On January 15th, 2009, a lone Mexican transsexual attempting to cross into the United States with a tombstone strapped to his back was stopped in San Ysidro. The Individual appeared nervous, and when asked about his back borne load, immediately admitted to smuggling beef jerky between the clefts of his behind.

DID you know? There are no sacred bodily parts that are off limits from inspection by TSA and Customs officials (especially in off hours)? 

DID you know? Not only can you smuggle such choice cuts and readily desired consumables, but you can also marinate them at the same time?


Tip: It is advisable to fast for 48 hours prior to your smuggling efforts


Tue, 01/18/2011 - 21:40 | 885977 fellatio is not...
fellatio is not fattening's picture

Uncommon yet lucrative contraband 

• Gold, Silver, Platinum, Palladium (do not smuggle uranium)


I wonder what happens if you smuggle Uranium in Uranus

Tue, 01/18/2011 - 20:57 | 885866 digalert
digalert's picture

Let's get physical...

Tue, 01/18/2011 - 21:06 | 885890 Silversinner
Tue, 01/18/2011 - 21:07 | 885895 goldmiddelfinger
goldmiddelfinger's picture

She still a virgin?

Tue, 01/18/2011 - 21:00 | 885878 max2205
max2205's picture

Buy all you want. JPM will surpress it till it's back to $6.00

Tue, 01/18/2011 - 21:04 | 885885 kadriana288
kadriana288's picture

Apmex has less than hundred 2011 20 coin rolls left for preorder. That doesn't seem like many.

Tue, 01/18/2011 - 21:10 | 885902 goldmiddelfinger
goldmiddelfinger's picture

Buy them

Tue, 01/18/2011 - 21:08 | 885889 goldmiddelfinger
goldmiddelfinger's picture
"US Mint Reports January Silver Sales Hit 26 Year High"


In the name of Caesar himself, How is this bullish?


Tue, 01/18/2011 - 21:10 | 885903 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Look mayne, supply/demand.

T.I. - That's All She Wrote feat. Eminem:

Tue, 01/18/2011 - 21:13 | 885913 goldmiddelfinger
goldmiddelfinger's picture

T I cant text plain his own dick.

Tue, 01/18/2011 - 21:23 | 885929 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I'll help him.

Goodnight is overwith, that's all she wrote.

You treat gold like some trick on the corner.  She is done turning tricks for people like you.  She is a god, she is unlimited.  Could people emulate her?  Sure, we could be forever, except that we used up our only chance on driving from suburb to suburb faster than the next guy.

It is over.  The old way is over.  Everybody knows it.  Oil production dictated the ability to mine.  Before machinery mining's yield was small.  It will be that way again.  Goodnight is all she wrote.

Tue, 01/18/2011 - 22:34 | 886097 goldmiddelfinger
goldmiddelfinger's picture

You would. Oh and by the way watch them false idols. Just sayin.

Tue, 01/18/2011 - 22:37 | 886108 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I respect the Truth.  That's it.

Tue, 01/18/2011 - 22:51 | 886145 Hephasteus
Hephasteus's picture

It's just a fucking nightmare isn't it. Total loss of control. You just keep feverishly pulling on all those stupid fucking lying ass strings and it get's you nothing.

Wed, 01/19/2011 - 03:27 | 886557 JW n FL
JW n FL's picture

you are not hedged? just hate the shinny shit the people love? retail banking? nooooooo.... investment banker? thats not a real banker.

Tue, 01/18/2011 - 21:23 | 885933 Spalding_Smailes
Spalding_Smailes's picture


Goldman Sachs trader talks silver. Must watch. *******


Silver manipulation silver premium silver shortage silver scarcity

Tue, 01/18/2011 - 22:51 | 886146 Fred Hayek
Fred Hayek's picture

Interesting.  He says that once the premium over spot reaches 20% that the COMEX price will be almost officially recognized as meaningless. 

Tue, 01/18/2011 - 23:16 | 886198 oddjob
oddjob's picture

Are all Goldman traders flaming gay like him?

Tue, 01/18/2011 - 23:23 | 886211 goldmiddelfinger
goldmiddelfinger's picture

Start with Lloyd and then you decide

Wed, 01/19/2011 - 03:32 | 886563 JW n FL
JW n FL's picture

he is a mental midget?

he is the help?

he is in the closet?

he wont be at the red cross ball?

Tue, 01/18/2011 - 21:12 | 885908 cartonero
cartonero's picture

Easy there, Gill-man.  Don't make me get the rotenone.

Tue, 01/18/2011 - 22:36 | 886103 goldmiddelfinger
goldmiddelfinger's picture

bite my lower left fin

Tue, 01/18/2011 - 21:24 | 885937 johny2
johny2's picture

demand and supply....demand is bigger than the supply, so it's bullish.


Tue, 01/18/2011 - 22:37 | 886106 goldmiddelfinger
goldmiddelfinger's picture

You obviously aren't in the banking business

Tue, 01/18/2011 - 21:27 | 885945 Pladizow
Pladizow's picture

Give it some critical thought......Dumd Ass!

Tue, 01/18/2011 - 22:38 | 886115 goldmiddelfinger
goldmiddelfinger's picture

I have and I've decided you won't work in my bank

Wed, 01/19/2011 - 07:54 | 886659 Al Gorerhythm
Al Gorerhythm's picture

You're a merchant banker, right?

Tue, 01/18/2011 - 21:13 | 885912 baltar
baltar's picture

Just got the last few 1kg silver bars at the New Zealand mint.



Tue, 01/18/2011 - 21:15 | 885915 goldmiddelfinger
goldmiddelfinger's picture

Whew!! Weren't you the lucky one?

Tue, 01/18/2011 - 21:26 | 885942 samsara
samsara's picture

Hmm. Gold Middle Finger,  Avatar of the Creature.

So, Ben is that you straight from Jekyll Island?

Tue, 01/18/2011 - 21:29 | 885949 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You recognize him too?

Tue, 01/18/2011 - 22:40 | 886120 goldmiddelfinger
goldmiddelfinger's picture

So does your daughter. She say hello

Tue, 01/18/2011 - 23:02 | 886169 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Sixth rule,

no shirts, no shoes....

Wed, 01/19/2011 - 10:11 | 886842 The Nagus
The Nagus's picture

Rule of Acquisition #6: Never allow family to stand in the way of opportunity.

Tue, 01/18/2011 - 21:18 | 885918 Whalers
Whalers's picture

Right, and the price is still down from the high.  Wake up people.  All these websites and newsletters SELL silver and gold. You on the other hand, BUY what they are selling.  In return, all the sellers of this "real currency" want is your "worthless" dollars.  Have you ever asked yourselves that question?  Why would they want my dollars in return for silver if the dollars I'm giving them are so worthless? 

The marketers for silver and gold have successfully sold you on the idea that the only outcome for our country's financial situation is hyper-inflation. Nobody ever talks about, or sells for that matter, deflation.  You know why?  Because there is nothing to sell a person in a deflationary environment. All the stock sellers, all the commodities sellers, all the home sellers cant sell you what they want to sell you during deflation. Prices fall in all asset classed during deflation including silver and gold.  That's what happened in 2007 and 2008 and I believe will happen again very shortly.  The Fed can print 3 trillion dollars and pretend to "inflate" the economy for a little while.  This to shall end.      

Tue, 01/18/2011 - 21:24 | 885927 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Dealers make money on the commission and spread, that's all they are interested in, volume of sales. They are brokers that is all. Why do you think gold dealers were selling people 1 oz gold 10 years ago at $300 when it's $1300 now, do you think they were stupid and should have hoarded their bullion, no, they were just doing their job as brokers. Just like oil brokers, food brokers, et al. They use their worthless dollar profits to buy more bullion to sell at a profit.

Tue, 01/18/2011 - 21:52 | 886007 CustomersMan
CustomersMan's picture

As a Commodity Broker for several decades, I can tell you that almost every hedger (let's say a ABC Jewelry Company) thinks they know the markets better than anyone else, since its their business, and in short order change from hedgers to speculators.


Carry this thought over to gold, silver, platinum, palladium dealers,....many think they know the markets better than everyone else and position inventory based on where they think prices will go. So its not just the spread that impacts their profitability.


I would be very surprised if they only make money on the spread.


Another example, many bookies could make an excellent living on the 6 to 5 or 5.50 to 5 spread, but many if not most decide to take action based on what they think the outcome of sports events will be.



Wed, 01/19/2011 - 00:29 | 886368 flacon
flacon's picture

Whalers, I thought you were me for a second. 

Tue, 01/18/2011 - 21:22 | 885930 samsara
samsara's picture

Sure Pilgrim.

Prices go down, But what RETAINS it's value?

Tue, 01/18/2011 - 21:23 | 885932 SDRII
SDRII's picture

See definition for intrinsic value

Tue, 01/18/2011 - 21:30 | 885955 Pladizow
Pladizow's picture


You obviously have done ZERO research and are simply TROLLING!

Tue, 01/18/2011 - 21:41 | 885982 proLiberty
proLiberty's picture

A good dealer must be hedged with futures contracts so that no matter which way the market goes, he doesn't lose money on his inventory and any PM he has in transit.  I had a comprehensive briefing on the business model of a related firm that moves a lot of PM.  He had a fully staffed hedging operation and was only concerned with flow because he made a fixed percent on every ounce that passed over his shipping dock either way. 



Tue, 01/18/2011 - 21:53 | 886010 Bay of Pigs
Bay of Pigs's picture


Speaking of waking up to reality. Here's a tip for you, free of charge.

Harvey Organ says, 

"The chaos in the silver COMEX continues"

OI continues to rise. Those STANDING FOR DELIVERY will cause some real fireworks in March. Prices are going much higher, and soon.

Tue, 01/18/2011 - 22:01 | 886026 Dr. Acula
Dr. Acula's picture

Wake up people. All these supermarkets SELL oranges. You on the other hand, BUY what they are selling. In return, all the sellers of these "real goods" want is your "worthless" dollars.  Have you ever asked yourselves that question?  Why would they want my dollars in return for fruit if the dollars I'm giving them are so worthless?


Tue, 01/18/2011 - 22:40 | 886119 Sophist Economicus
Sophist Economicus's picture

Why did people sell oranges in Germany, Austria or Hungry on the 1920s for wildly devaluing fiats then?    Keeping the orange for one more day would have yielded more fiat -- so why sell?   When dollars are truely worthless, bids will go unfilled - till then, transactions clear on a 'win win' basis for the parties concerned.    You don't need to play if you don't want to...   

Wed, 01/19/2011 - 00:55 | 886416 trav7777
trav7777's picture

yeah and they were sellin oranges 60 years ago is your point?

Wed, 01/19/2011 - 03:33 | 886565 JW n FL
JW n FL's picture

snnnnoooooted myself laughing! oranges 60 years ago!!!!!!!!!!!!!!!! sorry, I am from FL sooo that shit is funny to me...

Tue, 01/18/2011 - 22:04 | 886036 Temporalist
Temporalist's picture

Show me the RE, equities and debt brokers that say it's a bad time to buy their wares.

Tue, 01/18/2011 - 22:24 | 886078 Dr. Porkchop
Dr. Porkchop's picture


Buyer: Is it a good time to buy?

RE Agent: Yes!

Tue, 01/18/2011 - 21:31 | 885946 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

While everybody was watching Bernanke drown gold, platinum jumped up and took his head off with a hatchet.  Bernanke and his dollar are dead, and everyone knows it.  Bernanke himself wants a weaker dollar.  All economists want a weaker dollar.  All finance ministers want weaker currnecies.  But they can not have their cake and eat it too.

Gold backs the fiat system.  Thus why gold is the only collateral of Central Banks.  The further we get down the line, the more obvious it becomes.  Gold has and will always back the financial system.

Fiat is dead and everyone knows it.  It is discussed regularly on the MSM now.  Platinum will lead the next move, and it will be the last move before the dollar's head is propped up on a stick.

Platinum on the Verge:

Tue, 01/18/2011 - 21:41 | 885979 Hephasteus
Hephasteus's picture

Yep you just look at platinum as a release valve for it all. It's only 50:1 leverage and whenever there is a supply problem in gold or silver it jumps up and wont move.  It's another one of my tells for what is real and not real. My best tell is if it goes down and stays down go sell an ounce and if they give you spot or above spot a bit for a coin the spread is still there. Or look at buying an ounce if price drops but spread cuts into it you know it's paper smash.

This is the almighty thor's hammer that they have left. They can barely budge it. It's out of control and it's scaring the SHIT out of them.

Do NOT follow this link or you will be banned from the site!