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US Mint Reports Unprecedented Buying Spree Of Physical Silver
Three days ago we noted that in just the first week of January, the US Mint had sold 2,221,000 ounces of silver "a number which if run-rated would be an absolutely all time monthly record," A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days of the month we have already surpassed the total monthly sales of 9 separate months of 2010.
And some additional observations on what is becoming a physical buying frenzy from CoinNews.net:
An increase in 2010 Silver Proof Eagles and record-approaching 2011 Silver Bullion Eagles are the most interesting aspects in the latest US Mint sales report.
The Proof Eagle coins have seen two weekly adjustments since they sold out in late December. The latest brings them up 3,644 to 860,000, which would seem like a natural stopping point. Collectors will have to wait until the July time frame for the 2011 Silver Proof Eagles to make their appearance, according to the US Mint.
2011 bullion eagles launched on January 3, 2011. Silver Eagles already have last year’s January record in their sight. The coins have raced to 3,407,000 in less than two weeks after their latest weekly pick-up of 1,322,000. Until January 2009, the silver coins had never topped the 3 million mark during the first month of a year. Those record sales totaling 3,592,500 may get clobbered in mere days. The all-time monthly high of 4,260,000 which was just set in November could be the next victim. As a side note, the 3,407,000 sold this month includes 469,500 of the 2010-dated issues. The US Mint had buyers order one 2010 Silver Eagle for every five of the 2011′s.
Bullion one-ounce 2011 Gold Eagles are running, but not sprinting like their silver counterparts. US Mint sales has their tally at 42,500 for a weekly increase of 29,000. As a comparison, buyers ordered 85,000 in January 2009. Inventory of the 2010-dated coins also remains. There were 53,000 at the start of the year. US Mint Authorized Purchasers must order one old for every four of the new ones.
Mike Krieger presents the following disturbing observation on this trend: "In the first 12 days
of January 3.4 million silver eagles have been sold. I have never seen
anything like this. The amount of physical being taken off the market
on this paper sell off is EXTRAORDINARY. We must be VERY close to the
end." Whoever has adopted JPM's legacy paper silver short position is in
for some very troubling days ahead.
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Nice.
http://www.youtube.com/watch?v=-HaqwFJj4ZY&feature=youtube_gdata_player
silver is going down, BIG time!
the silver drop has already begun, it's down 20 cents; 24 by tomorrow
You can say that again!
EXCELLENT cartoon about "The American Dream"! Full of references to banksters, the FED, fractional reserve lending, debt, gold, etc....
If there ever was a cartoon argument (other than the silver bears) to buying PM this is it:
http://fedupmontrealer.blogspot.com/2011/01/american-dream-cartoon.html
BTW the picture is of a platinum one oz. US mint coin not a silver eagle.
Right on. Buy them too. I have by safe full.
I thinks' the point is: Do they make Depends large enough for Jamie Diamon.
I hope not. "Just Buy the Fuckn Dips."
Buy platinum.
Buy platinum.
Truly nice post of "US Mint Reports Unprecedented Buying Spree Of Physical Silver".
Online Buying Guides
Yeah that sure sounds like Kitco's Jon Nadler alright. That guy never wants to face the reality that is going on.
As in all crises investors seek refuge in real like gold and silver
Codigos postales - coches usados
Excuse me . this is duplicate
the silver drop has already begun, it's down 20 cents; 24 by tomorrow
$24 tomorrow!
$2 next week!
$0.02 next month!
Ask Blythe if I got that right, OK?
Blythe is in a comma at the moment after that attack at the Crimex didn't work out the other day andsilver managed to come back over 29, she went catatonic.
I got three junks already DoChen, som boys is slow ain't them
You fucking tool. Now I have to change my name to Jon Nadler's Mom
I know you're being sarcastic, but silver is waaaaaay overbought at this point. Gold is stretched too.
You all should be hoping for a (likely IMO) significant pullback. I am!
Kindly explain how Ag is waaaaay overbought when it has never been allowed to trade on the free market and there are reports of physical deliveries across the world???
that's what they've been trained to say.
you are correct - silver has not been honestly priced for decades - old habits die hard...
Silver's "nominal" price is irrelevant at the moment - what other commodity (esp. one with a long monetary history as silver) that is indispensible to industry trades at a lower price than it did 30+ years ago? Answer: none.
This is what tingles my street sense. If the fundamentals are that silver has no real substitute, is being consumed and is in high demand for industrial use, then it should at least command a higher price. If industrial demand falls off because of another major downturn, we still have the massive money printing and debt problems which still put silver in a good position as a hedge.
The arguments that the naysayers put forth seem to be grounded in the fact that the stock market is rallying and the dollar will always be on top because the empire says it will. Generally, I find that when something grates against your common sense, it's a sign theres bullshit afoot.
Hey, friend, dont ask for facts and reasoning from some guys... it strains the brain and slows their train. Just ignore ignorance and eventually they go somewhere else less demanding.
Can you expand on this or just an opinion dump and run?
Blythe is in a comma at the moment
A result of Blythe having her head up her colon?
nice grammatical pun!
Could just be her period. Nah, I shouldn't say that. But I did.
pms precious metals syndrome
In case anybody has not yet seen Turd Ferguson's blog, you should check it out. Blythe sometimes stops by, and leaves occasional notes:
http://tfmetalsreport.blogspot.com/2011/01/at-loss-for-words.html?showComment=1294952053961#c1197156929758623797
A tricky operation. But it is her asterisk.
20 DMA for SLV at $27.75 - seems a great time to pick up SLV @ $27.80 and set a stop at $27.50???
Potential reward - lots
Potential risk - minimal
HMMMMM
If you don't hold it, you don't own it!
haha he's buying SLV, well at least somebody is drinking my kool aid, oh please buy SLV and not the real thing, we at JP Morgan greatly appreciate it
Well, JonNadler, look at the bright side!
You are free of her, at least while she is still catatonic. Now might be a good time to get out of Dodge!
And kitco will always have you back...
Well, SOMEBODY has to maintain the Ponzi of their fraudulent pooled precious metals accounts ---- might as well be Jonny, the man who is responsible for setting them up in the first place, after his glorious stint doing the same kind of thing over at Bank of America.
I ask for JonNadler's kind grace to forgive me announcing that:
Jim Willie CB has a new column just out!
At 24hgold.com, probably kitco as well (hey, if it is at kitco, do our buddy JonNadler a favor and click his new employer...)
Blythe is not in a coma. She is enjoying music. Ain't nothing gonna break-a-my derivative.
http://www.youtube.com/watch?v=TY41o-iZStI
nice pants - luckily the camera kept it mostly above-the-waist...
I always hate it when I get stuck in punctuation! :>D
Your point?
Music to our ears, big guy.
http://seeker401.files.wordpress.com/2009/12/blythe-masters.jpg
She is one scary-lookin', sold-my-soul-long-ago girl.
Its only going down from your perspective - the rest of us see silver rising , hold on I'm getting dizzy.
JonNadler, lol.
"Wake up...time to BUY."
Happy days are here again! BTFD!
Hey, Troll Boy!
How much leverage have you taken on to short silver?
If you take leverage and place a C in front, add an A lose the ER and whala CLEAVAGE!
BRILLIANT!
Not really. But as you revel in your own 'brilliance', what you said was whale-a. The word you're looking for, my illiterate friend, is 'voila'.
I piled myself big time into DGP and SLV back in 2008 when PM dropped like a rock. Closed my positions about a week ago. the charts are screaming!
Nice video!
Although we already know all that...
http://www.monex.com/prods/silver.html
Monex sucks!
Kitco has carried the expense of the fight more so. http://www.kitco.com/market/
I have seen monex get some bad press, not just here but other places.. I've made (2) sizable orders with them over the past couple of years. I couldn't have been happier with the result. Salesman on the phone was cool, and I got my stuff in 6 business days the first time and 5 the second time.. Not plugging for them, just saying... I did a lot of research and to buy rolls of eagles, I couldn't find it cheaper when all was said and done..
Side note; I heard my first commercial ever, on the radio, for Muni Bonds... LOL Needing some buyers I guess... Things that make you go.. hmmmmm
The Monex people live in south Lauderdale / North Dade... out west... so I like them! Great People! but Kitco carries the expenses of legal for the anti JP Morgue fight...
I am sure Monex does a bang up job! congrats...
But that was not my point, I should have been more clear. Sorry.
*********************************************************************
Now, as for Bashing.... http://www.gainesvillecoins.com/
*********************************************************************
The worst people in the world to deal with... ala!
Dear Mr. Castellano, As you know from the below email, our office has the honor and responsibility of representing Ms. MXXXXXX. We would appreciate confirmation as soon as refunded our client in full. I am at a loss to understand why you required wire instructions when a credit will suffice. In any regard, please refund the amount in full promptly and be sure to reply to me that same has been completed. Thank you for your assistance. Rusty Huseman William R. Huseman, P.A. 3733 University Blvd. West, Suite 305A Jacksonville, Florida 32217 (904) 448-5552 Fax (904) 448-5653 *************************************************************************************************************************************************** And so everyone here who knows me, will know that was my Mother's order... and I called those scum bag fucks after hearing about them here!I've bought from Gainsesville in the past without issue.
I am worried about silver man!! I dont know.
Alot of people think we are doomed, but there are still great ways to make money. Even while the economy is collapsing around us.
I subscribe to the guy from australia and his FFT economic newsletter at http://www.forecastfortomorrow.com that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.
His oil calls are insane, and I have been making good money with them. He is well worth a look, if you want to keep two steps ahead of the sheeple out there.
I am worried about my financial future. Is anyone else nervous out there?
If you're not nervous, you're not paying attention.
It's hard to believe that so many people think that silver is worth more than scraps of colored pieces of paper. Next thing you know they will say crazy things like they don't trust the Federal Reserve.
I spit by untimely beer onto my monitor. That was too funy
Could never sell that line of thought because printed right there up front on every Federal Reserve Note is the homily "In God We Trust."
Plus you can't eat God anymore than you can eat silver but you can eat a Federal Reserve Note.
Hah!
I can "eat" my Silver and Gold. Or at least swallow it to fill the empty belly. The good news is that once my system "recycles" my coins, I can use them all over again.
Long rubbing alcohol and disenfectant. :>)
you can drink it
http://www.asapsolution.com/
or eat it
http://en.wikipedia.org/wiki/Vark
warning, I thought I was going to die from stomach cramps when I did
That load may give you piles. Go long Preparation H.
LOL
LOL twice.
Talking about Preparation H, do you remember this...
"It may be an obvious match-up, but Johnny Cash's classic "Ring of Fire" won't be used to sell hemorrhoid-relief cream anytime soon.
The Tennessean of Nashville first reported late last month that a Florida TV production company wanted to pitch the idea of using the classic song in a commercial for Preparation H or similar products."
http://www.foxnews.com/story/0,2933,111835,00.html
http://venusandmarz.blogspot.com/2007/12/edible-gold-dessert-25000.html
or you could stop by and say "hey" and we would feed you some ribs and swamp cabbage.. (Heart of Palm)
Plus you can't eat God
People do it every Sunday. It's called the Eucharist.
People do it every Sunday. It's called the Eucharist.
LOL !
But, hey, there are a lot of godsuckers out there mouthing off. An athiest friend refers to crucifixes as corpsesickles. I´m sure that somewhere someone has made edible crucifixes... and left town fast, probably. Go ahead, junk me for bad taste.
But Hey, It's better than eating shares of GE while those shareholders still buy Jack's diapers for life.
Or are they eating those diapers. Before or After. LOL Not so tasty, eh.
SILVER BITCHEZ!
There, I said it.
Ag, female Canus familiaris!
Me too.
That's canis familiaris. Canis -is is a third declension noun.
"Bau-bau'' et pax vobiscum!
Silver HO's!!!!
gold Bitches!
The pictured coin in Pt... just saying...
Beat me to it!
Beat me too. That is a Platinum Eagle, which, the US Mint stopped making in bullion form in 2008. Platinum Eagles have only been available as proof coins in 2009 and 2010 from the US mint.
I'm not sure what's going on with silver. I was much more interested at 15-18 per ounce. Either there is a short squeeze that is continuing, or, some big money is freaking out and buying a shit load of silver. But then you'd expect to see gold moving too?
Palladium has been on fire as well, wish I had bought more at 400. Oh well.
I may be late but the whole CORN and JJG thing looks real good.
...at this point, increases in ag will not necessarily mean commensurate percentage increases in au as the au:ag ratio and above ground availability are not rectified to each metal's spot price.
big money is moving in, and will push the price of ag to $45 FRNs by the end of march...book it, we are experiencing the quickening...
If Palladium goes up much further, people might start saying it's in a "bubble".
Instant! I too have a small physical palladium position in at around $400, more of a spec really than a core holding.
I think I will just hang on to it until we get closer to its all time high ($1100 or so) then trade it in for more gold.
Beat me three. Not as pretty as the SE.
Though I would gladly trade an SE for the Pt ounce.
cftc meeting goin on today, any updates?
Business as usual.
4-1 in favor, jill(the shill) sommers was lone desenter she is a republican, ans scott omalia a republican also voiced concern but voted yes. dont mean to bring in politics, dems in favor republicans not, whats it mean. also republicans have xpress the desire to repeal dodd-frank act. remember the good ole days of the blue dog democrat(without the hate)
Where would any shorting losses for JPM appear on it earnings?
so silver futures plunge!
Stephen Falken: Uh, uh, General, what you see on these screens up here is a fantasy; a computer-enhanced hallucination. Those blips are not real. They're phantoms.
McKittrick: Jack, there's nothing to indicate a simulation at all. Everything is working perfectly!
Stephen Falken: But does it make any sense?
WOPR: it's only a game.
Anyone think that the U.S. Mint is selling 99.99% silver COATED coins? I don't put ANYTHING past this government.
How would you know? There must be a way.
I know its easier to tell with gold because of the weight and density. But silver's weight and density isn't so unique.
Flip it. There is a very unique ring to a 99+% silver coin. The acoustic properties of silver can't be replicated. That's why they make "silver bells".
Paranoid thinking here if you ask me, but you can check with a magnet. Google it.
My White's metal detector would show the difference via audio and via unique graphical spectrum readout for every metal.
Stainless steel is also non magnetic.
Try it.
It depends. There is more than one type of stainless steel. Some are magnetic and some aren't.
But you make a good point. Non-magnetism is too common to be a good test.
Gold and Silver is also non magnetic.
Try it
Ah yes. I forgot about the non-magnetic properties.
I don't think its paranoid thinking anymore. When gold was $300 an ounce it was paranoid, but at $2,000 an ounce...?
BTW, I just flipped a silver coin I have. Nice, crisp ring. A Maple Leaf otoh, just a dull thunk.
It is unmistakable when you hear it. It sounds quite nice if you aks me too.
They wouldn't try to counterfeit silver coins because a lot of silver gets melted and used industrially
molybdenum is not magnetic - only iron/steel is magnetic = right?
I heard the backing for SLV and GLD are plated bars - Molybdenum & Tungsten
whaddaya think guys? No PM's backing them at all except for industrial silver users taking delivery?
Nickel and Cobalt have magnetic properties as well.
Melt it down if you wish to be 99.99% certain. Of course I prefer the "ring" to Silver.
If your concerned, buy a name brand bullion like APMEX.
Or, Maples.
HR 6162 gives the Treasury Sec the authority to:
SEC. 4. MEETING DEMAND FOR SILVER AND GOLD NUMISMATIC ITEMS.
Subsections (e) and (i) of section 5112 of title 31, United States Code are each amended by striking ‘quantities’ and inserting ‘qualities and quantities that the Secretary determines are’.
http://www.govtrack.us/congress/billtext.xpd?bill=h111-6162
If your paranoia is coming on strong, and the meds are not working, buy US junk silver. Easy to buy, easy to sell, no ones going to try to fake it. I try to get the "kid" at work to but one dollar face a pay check...no takers but they all have I-pods.
Junk silver (esp. circulated) is the least likely PM to be fake!
Bix Weir on silver "moly-bars"...
Fake Silver "Moly-Bars"?Bix Weir
A while back Rob Kirby wrote an article revealing that over 1.3 million of the 400 oz gold bars may actually be gold plated tungsten.
http://www.marketoracle.co.uk/Article14996.html
This was a shocking revelation that will profoundly effect the gold market and yet it is the most simple of cons. Who ever checks to see if their 400oz gold bars are filled with tungsten??? NOBODY! 400 oz gold bars are handled with kit gloves by those fortunate enough to own them. They represent an astounding amount of value in such a small package. They come in special cases and are wrapped in beautiful cloths. When you buy them you are scared to touch them...who in their right mind would ever drill a hole in them to see if they are real?!
We'd better start thinking a little harder...a little smarter. It is truly amazing that NOBODY ever checks to see if their gold is .999 fine. Buyers almost always trust the markings on the bar even though they have no idea when those markings were placed there or who the refineries that produced them are connected to...
http://www.roadtoroota.com/public/146.cfm
Wanna get rich? If you had no morals you could buy a low quality, unmarked gold or silver bar and "decorate" it with these tools:
https://shop.rings-things.com/cart/pc/viewPrd.asp?idproduct=19092&idcategory=2696
This is where a big problem lies in the world of gold and silver. We have "trusted" the big guys for too long and they have abused that trust at every turn.
So let's look at how the gold/tungsten problem is related to silver. Here was my take:
Fake Gold Portend Silver Explosion
http://www.roadtoroota.com/public/148.cfm
In this article I contended that fake silver could not be as easily substituted as fake gold:
"The silver situation was a little trickier than just creating fake silver bars. The problem was that, unlike gold where it is unheard of to melt down "Good Delivery" bars, large silver bars purchased from the exchanges were routinely removed from inventory and melted down to be used for industrial purposes. If the "Good Delivery" silver bars were filled with something like tungsten or lead the industrial users would know almost immediately. That kind of visibility would have called into question all "Good Delivery" metals on the major exchanges."
What I didn't fully understand at the time was that there is one public silver stockpile that rarely, if ever, removes the physical silver from their "inventory" and that is the iShares Silver ETF (SLV). Of course, I never believed they actually had all that silver they claim to but I wasn't sure how the con worked. Back in the 1980's there were lead filled silver bars floating around but they weren't hard to spot for the dealers. Lead has a density of 11.342 gm/cm3 and silver has a density of 10.501 or an 8% difference. Not that hard to spot for a professional.
But it made me curious as to what other metal might be closer to the density of silver and voila…MOLYBDENUM HAS AN ALMOST IDENTICAL DENSITY TO SILVER!
The density of molybdenum is 10.220 gm/cm3 or only a 2.7% difference and is commonly coated with silver for industrial applications! As a matter of fact there is a long list of companies who make Molybdenum bars as well as specialize in Molybdenum coating.
List of Moly Bar Manufacturers http://www.thomasnet.com/products/molybdenum-bars-3287109-1.html
List of Moly Coating Companies http://www.thomasnet.com/products/molybdenum-coatings-15820202-1.html
So could it be that SLV (who boasts JP Morgan as their "Custodian") does not have .999 fine silver bars in their inventory but rather a significant supply of silver plated Molybdenum bars? Let's face it, if the banking cabal figured out that they could gold plate tungsten bars don't you think they also considered silver? Could this be the entire REASON why SLV was approved by "the powers that be" to the surprise of all the silver bugs?
As Paulson, Geithner, Summers, Goolsbee and everyone else who has been involved in the rigging of the markets has stated...
"WE WILL DO WHATEVER IT TAKES TO KEEP THE MONETARY SYSTEM STABLE".
Could "whatever it takes" include flat out fraud? Of course it does!
Let's look for clues that there may be some 1,000 oz "MolyBars" floating around in the SLV inventory.
The fact the SLV has given it's controllers a considerable amount of legal leeway is no secret. The prospectus has more holes than Swiss cheese that's been shot point blank with buckshot. There are more articles covering this subject on the internet than there are bars of real silver in their inventory!
Hidden amongst it's many flaws, the SLV prospectus is carefully written to allow for silver that is not .999 fine. There is no specification as to the amount of silver required to be in their silver! Not .999, not .900, not .500, not Sterling, not plated, not coated...nothing. The original prospectus included the term "SILVER BULLION" when it was describing the silver holdings, but a year later the word "BULLION" was stricken from the prospectus. At the same time JP Morgan changed their liability as custodian from $1B to 265M+ troy ounces. OUNCES OF WHAT? Silver wrapped Hershey's Kisses?
http://us.ishares.com/product_info/fund/overview/SLV.htm
Sure they define an "Ounce" as:
"Ounce" -- A troy ounce, equal to 1.0971428 ounces avoirdupois, with a minimum fineness of 0.999. "Avoirdupois" is the system of weights used in the U.S. and Great Britain for goods other than precious metals, gems and drugs. In that system, a pound has 16 ounces and an ounce has 16 drams."
But they never use the capitalized word "Ounce" in the context of the prospectus as it relates to silver. Any decent lawyer will tell you that it's the oldest trick in the book. Define a term with a capital letter yet never capitalize it in the context of the document. The capitalized term "Ounce" as defined is never used again. So why define it if you don't use it... unless you are trying to deliberately mislead the reader of the prospectus!
Just another con.
The same goes for the word "silver". Not once is "silver" defined or capitalized. They almost screwed up in the first prospectus by using the term "silver bullion" but they fixed that boo-boo. But the most damning evidence that the silver in SLV is not the real deal is in the prospectus and the SLV 10k SEC filing..
SLV PROSPECTUS
"However, the custodian is not responsible for conducting any chemical or other tests designed to verify that such silver meets the purity requirements referred to in the Trust Agreement."
SLV SEC 10K
"Silver transferred to the Trust in connection with the creation of Baskets of iShares may not be of the quality required under the Trust Agreement. The Trust will sustain a loss if the Trustee issues iShares in exchange for silver of inferior quality and that loss will adversely affect the value of all existing iShares."
FIRST THEY SAY THAT THEY ARE NOT RESPONSIBLE FOR THE QUALITY THEN THEY SAY IF THEY QUALITY IS BAD iSHARES WILL TAKE THE HITS...WHICH THEY ARE NOT RESPONSIBLE FOR!
Why in the world would JP Morgan take on a multi-billion dollar liability to act as custodian if they are not going to even check the silver that comes into the warehouse? Because they don't. It's just another Ponzi scheme with the illusion of grand silver deposits that never leave the watchful eye of the custodian or the "Authorized Participants".
The key to faking silver bars is that they can not be sold into the industrial market as the melting point of Moly is much higher and it doesn't have the same electrical conductivity. The SLV inventories represent the perfect resting place for "silver bars" to be stored publicly yet not removed for industrial uses. Clearly it can't be in the COMEX or LME warehouses since both exchanges can be called for delivery.
JP Morgan manages the physical silver which can only be withdrawn by this short list of "Authorized Participants"...who know where their loyalties lie!
Barclays Capital Inc
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
EWT, LLC
Goldman Sachs & Co.
Goldman Sachs Execution & Clearing L.P.
Intrade LLC
JP Morgan Securities Inc.
Knight Clearing Services LLC
Merrill Lynch Professional Clearing Corp.
Newedge Group USA
PruGlobal Securities, LLC
Scotia Capital (USA) Inc.
UBS Securities LLC
Virtu Financial BD LLC
Although we really don't know if the "Authorized Participants" have any rights to remove silver since we haven't seen their contracts, we do know that they have NOT removed much silver since its inception...interesting...
Back to the "MolyBars"
Now that we know that SLV has no legal requirement to hold .999 silver bars lets look for more evidence of "MolyBars". I guess a tell-tale sign would be an increase in Molybdenum production since the announcement and introduction of the Silver ETF in 2005/2006…well what do you know...
Was it Ronald Reagan that said "Trust but VERIFY"?
I'm not going to get into the fact that the COMEX is now allowing physical delivery in ETF shares because that may be a little too "conspiratorial" for such an upstanding news service as the Road to Roota Letters.
WAIT! Bart Chilton(the New Sheriff in town)and the recently fully funded CFTC staff will surely catch on to any "funny business" going down in ETF gold and silver holdings...oops...
Let's just say I've been down this road before:
Who's the Little Man Behind the Curtain http://www.roadtoroota.com/public/133.cfm
Let's face it, the only way to regain trust in the gold and silver markets will be to completely overhaul the entire physical testing and storage system.
Basically, we need a global remelt and re-certification.
As for us little guys...this kinda makes you wish you had paid the premium for those 1oz Gold and Silver Eagles...surely we can trust the US Government...can't we?
When this is all over those of us sitting with real, verifiable .999 gold and silver will be Kings of the World...
EVERYONE ELSE WILL BE JOKERS.
May the Road you choose be the Right Road
Bix Weir
FYI: SLV prospectus page 28: "Silver deposited with the custodian must meet london good delivery standards"
which means: http://www.lbma.org.uk/pages/index.cfm?page_id=4
Thanks for the sites. Moly bars sounds cool. Then I saw tungsten. Thanks again.
I return the favor with this: I think Rhodium is the most undervalued rare earth because of demand.
http://www.rhodiumcoin.com/Rhodium_Coin_Coming_Soon.html
Enjoy. You can buy Rhodium at Kitco too. It is in powder form. Do Not open bottles. I own some of these.
Check out a all time chart and I think you will see a much bigger picture.
kinda worried that all the central banks are storing so much gold? but they cant store that much silver. maybe silver will be the main source of trade between the people cuz u need to have an ample amount for all the people to use as a medium of exchange. maybe have basket of metals on an online store that gives up to date pricing between silver and potatoes, silver and big screens, gold and gucci handbags,etc etc etc anybody think it will work?
but they cant store that much silver.
Ft Knox is damn near empty, if the Gvt could get any Silver to fill it, they could go there.
FWIW, the U.S. National Defense silver stockpile was once >300 Million ounces.
I'll store it for them!!
Don't forget to bet against yourself with CDSs!
Silver is the metal of the people. Free silver!
The increased buying of Silver might just be my Johnny Silverseed minyans spreading the word.
Or not. :>)
http://www.zerohedge.com/article/johnny-silverseed
You should be right! Start educating people and amazing things can happen!
I am a proud (though very small) contributor to that number.
One ounce at a time is how you build a revolution in sane thought. Thanks for your contribution to sanity.
+1 just ordered some myself. Not 2011's though, I'm not that picky. A silver eagle is a silver eagle . . .
Older is better; SAE's are getting uglier and uglier.
Same design, but Quality is suffering. Probably the dies are wearing from the heat of producing such a massive quantity past their designed capacity.
I don't know how many presses they have, but I expect their to be only one per mint or you would get design differences and accidental numismatic coins. I also don't know of any mint besides West Point producing SAE's.
Do the math on 40 million SAE's when there are 31557600 seconds in a year.
Not just the silver eagles either. I recently viewed a tube of "virgin" 2010 gold one-ounce Eagles, from a previously unopened tube, and they were postively UGLY, in both finish and strike. Had they not been purchased directly from a known and highly reputable (of course) primary dealer, I would have strongly suspected them of being counterfeits.
Or even silver dimes. Scary to give a whole ounce to a 19 year old neice who has an iPhone attached at the ear, and no background in Economics.
The local shop here has nothing! A few rounds, some bars, mostly its collector coins, until the end of the month at the earliest they say.
Last time I went to the coin dealer he had 2 one-oz. rounds from some place that didn't use Arabic numbers. Couldn't decipher any of the writing on the rounds. The only other silver he had: a one Troy pound .999 silver gaming token from the Four Queens Casino in Vegas.
you need a new dealer...
True dat.
The coin dealer I go to is just a little rinky dink nobody operation and they always have plenty of stuff. Even a 100 oz. bar they let me fondle one day. Nice.
http://www.rechantpreciousmetals.com/page2.html
Plus...
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http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=lookup
Rechant Metals is on that list... if your dealer is not on that list.. you are paying to, too much.
But no matter what State you live in... you can find a dealer, authorized by the US Mint.
Same here. During the recent dip, some guy went around to every single coin shop in town and bought every ounce of non-numismatic silver they had. The owner was so desperate for silver he was paying spot+30 cents for 5oz bars.
China doesn't want to buy it high. They sell dollars and buy silver. Dollar down, Silver down(for now)
No, just the opposite, Gold and Slvr should be going up (if it were tied to the UDSX),79.15 now.
not the way it works.
Why not?.
The Higher the USDX, the less PM's are worth.
Never mind we are in agreement.
Just checked, looks like they are now available on discount!*
* see drop in spot price
I'd like to see the CFTC commissionars tarred and feathered, too. What a bunch of assholes.
Hmmm. I wonder how long before the coins become .499 instead of .999? I'm going to stick with bullion, but getting less available every day.
i placed an order with apmex in december and its hold while they wait for supply. get physical and hold on.
Interesting - I've placed two orders with APMEX this month (January) and have received both already. Both orders had various silver and gold bullion (non-numismatic) coins.
Depends on number of ounces and which product you bought. They have a whole slew of products that are sold out.
Yes - my point was that not everything is sold out.
Your lack of faith in the fiat system is noted. You are all subversives.
- Ben
^Said with a Darth Vader voice.
Sorry, wrong number.
Subversives? They sound more like TERRORISTS to me! Thank God for the Patriot Act!
/sarcasm
Mike Krieger - "...We must be VERY close to the end."
I would hope so. I'm getting tired of the circus barkers telling Mr. Retail to stay away while they themselves must almost certainly be accumulating physical. Sounds like less and less are listening.
The Royal Silver Company has .99999 silver coins.
http://www.royalsilver.com/
they should enjoy them
you could not tell it judging by the price...its so stupid!
Don't get too crazy. this is mainly dealers stocking up for the rest of the year. If they were actually selling that much I'm sure Apmex would've run out of their Mint Directs.
I did buy a Kilo coin over december; but i'm saving up to buy another 10 ounces of gold; and I found a good deal on silver locally; morgans for $20; buy 15, that's a little over 10 ounces and less than spot. and will be good in a crisis for food.
It looks like Apmex is out of 2011 Eagles. They have Jan. 14 and Jan 21 dates next to them.
morgans for $20
That's more than $2 under spot.