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US Mint Reports Soaring November Month-To-Date Silver Coin Sales Surpass 2010 High Following Massive Rush Into Precious Metal
Is Max Keiser's attempt to put JP Morgan out of business working following the mother of all silver physical squeezes? The price of silver has been stable in the past few days, but if the US official precious metal seller is to be trusted, this will not last long. According to the US Mint, sales of 1-ounce American Eagle
silver coins are headed for the strongest month since at least
May, Bloomberg reports. And according to our update, the May total has not only been passed, but the November MTD total is already the highest in 2010. More details: a record 3,775,000 silver coins have been sold this month, compared with 3,636,500 in May, according to data on the Mint website. Silver futures in New York touched a 30-year high of $29.34 an ounce on Nov. 9. American Eagle coins also are available in gold and platinum. The Mint said 62,500 ounces of gold Eagles have been sold in November. What is interesting is that sales of the coins continue at an astronomic pace despite the nearly 10% premium one has to pay over spot. What is more interesting, is that the Mint has not run out yet. Yet the refreshing thing, is that instead of buying paper certficates promising that one's presumed purchases of gold is held by the DTCC, Americans are once again going straight into physical. Here is hoping Keiser's plan ultimately unravels whatever the RICO suit against JPM and HSBC leaves untouched.
From the Mint:
| Month |
One ( oz. / #coins ) |
| January | 3,592,500 3,592,500 |
| February | 2,050,000 2,050,000 |
| March | 3,381,000 3,381,000 |
| April | 2,507,500 2,507,500 |
| May | 3,636,500 3,636,500 |
| June | 3,001,000 3,001,000 |
| July | 2,981,000 2,981,000 |
| August | 2,451,000 2,451,000 |
| September | 1,880,000 1,880,000 |
| October | 3,150,000 3,150,000 |
| November | 3,775,000 3,775,000 |
| Total | 32,405,500 32,405,500 |
»
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Everyone: convert all your assets to physical silver!
If you have too much money, or too little storage space, convert as much as possible to silver, then convert the rest to gold.
IMPORTANT: you are not spending your money!
You are converting your fiat, fake, fraud, fiction, fantasy toilet-paper into real, physical wealth!!!
This is important, because mentally, many folks resist "buying" silver because their subconscious wrongly considers such a transaction as a purchase - as if they have less wealth after the transaction. Nothing could be further from the truth. Not only have they NOT spent any money, they have in fact added to their wealth and savings by converting soiled trash-paper into real wealth and real money.
Buy silver. Buy gold. End JPM. End the fed. End predators.
And best of all... get real !!!
Why not art, wine, or any other hard asset?
As a personal strategy, that is perfectly good. In fact, as a personal strategy, nothing is better to purchase than productive equipment and supplies that you will operate to efficiently produce real, physical goods.
However, we want to destroy JPMorgan and the rest of the criminal cartel that manipulate the silver and gold market. For that purpose, which is good for every honest, ethical, productive individual, converting ALL our paper assets to silver and gold immediately has the most long term benefit.
Note that everyone "going all in" for physical silver and gold now (during this effort to trash JPM) will win big when this effort shoots the price of silver and gold through the roof. Some may hold their silver and gold, and others may convert it back to other assets. And that's just fine.
Sadly, the productive equipment I tend to buy to produce goods depreciates faster than a Maserati leaving the lot (computers for writing software...do bits and electrons count as physical?).
I'm well aware of Jamie's naked shorts and am doing my part to the tune of troy pounds of physical.
$80/toz Ag and $8000/toz Au would/will be sweet indeed.
That being said...'all in' is more than a little daft and ill-advised in the extreme; believing that they won't find a way to continue their manipulation is a hu-fucking-mongous gamble. They still own DC, even if their margin calls will have Brooks Bros jumping out of windows.
Well, you and I invest in the same kinds of productive goods, though I probably go a bit further, since I also design hardware products, prototype PCBs and devices, and so forth. And while you're correct the hardware and software drops in value quickly, the income it generates compensates - as long as we can keep converting our work into $$$.
Perhaps being "all in" is a bit of a gamble. But I suspect being "all in" on silver and gold is much less risky than being "all in" with fiat toilet-paper.
However, at what point should honest, productive folks start fighting the predators-that-be? And while I'm willing in principle to arm myself and fight a real, physical shooting war if necessary (assuming other folks are too)... but why not start with efforts like this (buying physical silver and gold)? I mean, really! The danger is so modest in comparison.
Also, they're already manipulating big time, so how much more extreme do you imagine they can and will go? After all, they're not just fighting us "regular folks", they're now also fighting other governments, central banks, hedge funds, and people all over the world as silver and gold investment is just starting to become a popular investment vehicle.
I feel very safe being "all in" on silver and gold.
Why not wine? I don't drink it, can't tell a classic from a brown bagger. Why not art? Can't fit the Mona Lisa in my pocket, can't tell a forgery from the real deal, does not fit with my decor, can't trade the bottom left hand corner for bread. Why not a car? Hard to find the right color in a pinch. Need to leave in a hurry? Got gold? Got small denomination silver? No? Darn.
Monthly gold and silver charts are parabolic and I expect a substantial correction.
http://stockmarket618.wordpress.com
Bullshit. For 2 mins, yeah.
Not sure that I quite agree with the reasoning. In 2007 nobody knew what wsa coming or the depth of, Gold and Silver was an insurance bet.
We have that crash under our belt, the depth of depravity and danger of economies and the market are much more known and in the conciousness of anybody with money. And this time it is not just an insurance play, it is an alternative for storing wealth because who knows what will be worth anything when the SHTF which we believe is quite probable. People are realising some things may not be good to hold. Money in a bank...maybe risky if SHTF again. Property? Agri land yes, other stuff? hmmm Stocks, well we know what happens to them...666. USD well as a pavlovian response to SHTF elsewhere yes, but the elsewhere such as Europe would start buying up PMs as they did last time. And PMs are priced in USD.
People who need to get cash will sell off the PMs for it, if they have it so there maybe would be a big dip, but you would imagine that getting bought up pretty quickly in that environment.
In 2007 pre crash none of these things were issue, in the consiousness. People were buying up because...
I actually hope we have some really decent dips in gold and silver and that they are coupled with similar dips in stocks. That would be a great opportunity to stock up on gold and silver and gold and silver stocks....in fact I am in cash again waiting for such an opportunity. So heres to a correction in all things next week! There are a few pure silver mining stocks I wish to get back into.
And if this turns out to be correct it isn't such a catastrophe. Just like the last PM 'crash' the economic environment didn't improve and PMs were the means to escape it. This situation will be evident for a few more years at least and always put a foundation under PM.
So maybe some might like to trade their metals and buy back in, hopefully for a cheaper price. But medium to long term gold and silver is it, it will continue the bull because of the lack of trust, its being legitamised as a part of portfolios, the rise of Asia and South America etc etc. So we shouldn't fear a majory correction, maybe see it as an opportunity.
The Austria phillies are the best once to buy. They cost the lowest to spot.
Next week I'm ordering another 500 with my christmas bonus!
Buy an extra silver coin and keep it in your pocket. It's anti-bacterial and will kill the bacteria growing on your banknotes.
Where's the flood of supply from these higher prices? Are you selling any of yours? Because I ain't selling any of mine. Last time I pulled the big trigger was fall of 2008 at 8.50. Didn't mortgage the house for it, but darn close...
Just pulled the big trigger again at 25(see link). Got a few tigers. Gainesville Coins, can't recommend them enough...
http://wallstreetbear.com/board/view.php?topic=76427&post=266024
http://www.gainesvillecoins.com/products/154765/MintStrap-SealedBoxof100...
FWIW The "sold out" sections at Tulving and Apmex just keep growing......
Scroll down to see everything that's sold out:
http://www.tulving.com/goldbull.html
Going through the silver section of the Perth Mint on-line I find most of the Silver coins sold out except for the arty versions which are at triple the price of silver. And the standard 1oz coin 2011 cannot now be bought on-line, meaning you have to present yourself to their shop to buy it. Probably not enough stock to cater for demand.
Maybe more than anticipated demand and they are furiously making more?
Be itneresting to see if this changes.
If Bron is reading this site maybe he can advise how silver is going there at the mint.
Crash JP Morgan
Don't you know? talking about a revolution
sounds like a whisper
And finally the tables are starting to turn
Talking about a revolution
http://www.youtube.com/watch?v=pItsaMSmcPQ
http://www.youtube.com/watch?v=0bJK9K05Hgo
I recently purchased a 100 oz bar....I'm wondering who's image should be placed on PMs now that fiat is going south. I got a 10oz also. Just curious to see what people would think if we had to go to that?????
Glad to hear Peter Shiff using the Perth Mint for him and his clients and confirming that for even for unallocated gold/silver that they must have it on the premises.
I use the Perth Mint certificates.
.
Silver is the most unappreciated of the precious metals. Not only is it recognized as a monetary unit, it is the single finest conductor of electricity, it has antibacterial properties and is an outstanding catalytic metal. While plenty of silver is mined each year, much of it is used in industry,, never to be recovered.
I think golds ugly stepsister is setting up for a historic run-up.
Well, I added 5 Eagles on top my usual purchases...for Max, and myself...
An update from the front!
Google Bomb "Crash JP Morgan Buy Silver" has reached:
About 20,400,000 results
Google Bomb "$500 Silver" has reached:
About 7,220,000 results
Google Bomb "Crash JP" has reached:
About 6,690,000 results
Google Bomb "Crash JPM" has reached:
About 1,320,000 results
Google Bomb "Crash JP Morgan" has reached:
About 1,080,000 results
http://www.youtube.com/watch?v=w8KQmps-Sog
this doesnt actually mean that much as these total search figures are inaccurate and change all the time, known as "flux"
if you do the search as:
allintitle:"crash jp morgan" <-- click it
thats a more accurate picture of how many sites are on it.
... but still no mention on Drudge. This is what Drudge thinks is more important:
Food police issue 'food porn' list...
College football game at Wrigley will feature only one usuable endzone!...
Was Bristol Palin Targeted in Dancing White-Powder Scare?
Beekeeper Shot By His 'Bear Booby Trap'...
EU demands Italy repay Elton John concert costs
Student admits 'eat and run' thefts at fancy restaurants...
Joan Baez hurt in fall from treehouse...
Spielberg picks British actor to play Lincoln...
Pathetic!!!
i agree. people just aren't interested in truth any more. they know it can all be
"photo shopped".
If there is any change to the current system it will come from the People in unanticipated form like'crash JP Morgan buy Silver'. The People have been waiting for Politicians to make the necessary changes. Barack Obama drove a stake in the heart of that idea. Hope and Change turned into Crony-capitialism on steroids.
God gave us the Internet (or was it Al Gore?) so we could organize. Do your part, buy some Silver.
Silver Manipulation from one year ago:
http://www.youtube.com/watch?v=yvImPf9hcIw
Gold is money, nothing else!
http://www.xtranormal.com/watchmovies/movie/7749067/
Why should I buy silver?http://ausbullion.blogspot.com/2010/11/why-should-i-buy-silver.html
Gold and silver discussions and predictions are reaching "fever pitch".....
Heh, you know what happens next.....
You are cloistered in the world of finance and financial news. On the street lay people are still participating in their own fleecing. You think there is a bubble when it has yet to inflate and when it does you will probably say you knew it all along like all of your 20/20 hindsight chart postings.
That icon is probably just another girl that you'll never get. You obviously live in your own fantasy world that is always out of reach.
The dealer closest to my house always has plenty of inventory. When I go in, it is never really crowded.
CNI in Los Angeles
Only thing they are out of stock on today is silver rounds.
So were you buying or just looking?
so I went to buy 30 tons of silver with one dollar and thus began..."the Negotiation." Of course "i was on Priceline" while doing said "negotiation" and "had some beef just in case things got nasty." I explained to "The Man"..."what i have here is one dollar." And he explained to me "what we have here is 30 tons of irradiated silver." i explained to him "i got dark pools--of labor that is..." and he said "gooooooood, cuz some of this stuff is simply GLOWIN' in the dark and we can't be messin' with no above board mango/tango." I didn't know what he meant by "mango/tango" but I did tell 'em "dude, these dark pools of labor ain't from around here if you get my gellin' mood...i need a movin' van the size of one of dem Starship Destroyers like they have in the movies ane we gotta get 'em cross "dat line" if you know what i mean--" and he said, "no problem, I got ten of 'em SD's and we're goin full on SPACE-IAL and go right OVER that line." And then I knew...we was gonna be movin' and groovin' to the Silver Surfin MACHINE!" 30 TONs of silver "glowin' like gold and movin' in Starship Destroyers with dark pools of Down South Border Jukin." And he said, "dude, wait till we pack 'dem SD's with 30 tons of irradiated silver and BLAST OFF to the Eastern Lands." And I said, "far out, dude. Far out." And then I took another swig of booze with my pals at the VB in the No. LA and we all had a laugh...
dude, that is some funny stuff!
did you make that up yourself?
I'm savin a copy
http://www.youtube.com/watch?v=o-tT62bpYlU
Purchased 50oz today from the local coin shop for 40 cents over spec. Nearly cleared them out of the 1oz bars.
No big dent, just bought a 10oz Royal Canadian Mint bar. That should be worth another dollar climb Monday.
A little off topic, but not so much. Imagine our fiscal shape if Americam had leaders like this over the past 50 years. This man has a huge pair.
http://hotair.com/archives/2010/11/20/awesome-chris-christie-tells-of-apology-from-president-of-teachers-union/
There are alledgedly 50 million ounces of physical Silver on the floor of the comex. If the US Mint is procuring their metal directly from the comex then by mid-January this default will occur. Some people are curtailing their purchases right now. They are the ones who like to wait for a valley in the charts. Time may be of the essence. I plan to keep acquiring physical metal until I hear of a default. I'll take a break then. Damn the prices. Buy Silver now.
It looks like the applecart could tip over any day now then with only 4.07 million ounces of Ag bullion in Silver Dealer inventories at the comex. The comex could default in less than 6 weeks if the Mint procures Silver directly from the CME. It all seems too easy right now.
Jeez, if only they had thought to not aid and abet criminal manipulation of the market for which they were supposed to be providing a fair and just place of exchange.
These things always occur to you after the fact, don't they?
I bought in at $4.06/oz. Is that still considered "after the fact"? Just wondering.
I did my part and just ordered 10 2010 AE SILVER PRF 1 OZ.
Zippy