This page has been archived and commenting is disabled.
Silver Coin Premiums Set To Climb On Reduced Supply
Today’s AM fix was USD 1,248.75, EUR 913.10 and GBP 760.97 per ounce.
Yesterday’s AM fix was USD 1,246.00, EUR 911.89 and GBP 757.86 per ounce.
Gold climbed $7.70 or 0.62% yesterday, closing at $1,254.80/oz. Silver rose $0.32 or 1.59% closing at $20.45/oz.
Gold is marginally lower today but remains near its highest in a month. Safe haven buying has increased after a drop in equities globally due to concerns over the U.S. economy after a disappointing jobs report last week.
HOW TO STORE GOLD BULLION - THE SEVEN KEY MUST HAVES - Download Here
Gold in U.S. Dollars, 5 Year - (Bloomberg)
Increasing demand for U.S. silver coins is set to send premiums to the highest since October according to Bloomberg.
The premium charged by wholesale dealers for American Eagle coins from the U.S. Mint may rise from 14%. The mint has said that weekly allocations will be reduced despite very strong demand so far this month.
Yesterday, the U.S. Mint said 89% of this week’s quota of 3.58 million silver eagles were sold following sales that were stopped on December 9th because of a lack of supply.
Sales of silver American Eagles rose to an all-time high of 42.675 million ounces in 2013. Purchases jumped to a monthly record in January 2013, and the mint suspended business for a week because of a lack of inventory.
The silver bullion coin market is tight with strong hands refusing to sell and mints rationing supplies. Silver's sharp fall is seeing the smart money continue to accumulate silver coins while supply is available and premiums still relatively low.
Separately, the Perth Mint has announced that they have sold out of their silver bullion coin - the one ounce 2014 Australian Kookaburra.
Silver has climbed 8.9% from a five-month low at the end of 2013.
Click Gold News For This Week’s Breaking Gold And Silver News
Click Gold and Silver Commentary For This Week’s Leading Gold And Silver Comment And Opinion
Like Our Facebook Page For Breaking News, Interesting Insights, Blogs, Prizes and Special Offers
»
- GoldCore's blog
- 10349 reads
- Printer-friendly version
- Send to friend
- advertisements -
When anything is "SET TO..." in a news story headline it is, and always will be, bullshit.
it's like Rick Tool saying the big money is "circling" his mining companies.
there are rumors floating about MonoAtomic Gold,in that Gold and precious metals are going to become consumed in future science usages, this will affect prices immensely as it gets used up. I believe the Banks and Soros know this and that is why they are trying to Buy what they can.
my limited reading so far on gold on this is for catalysts - they are re-usable, not consumed
I knew a Doug Eberhardt in Peoria, Illinois in the 1970's.
Hongcha....I am Doug Eberhardt from Peoria, Illinois in the 1970's.
California since 1984 via Chicago first.
Not sure who you are from your name though...
Checkout those sweater pandas, dude. Ask her over for a cocktail.
we few, we happy few, we band of silver holders . . .
-
Yes, I would like to buy gold now ($5,000 minimum) Yes, I would like to buy silver now ($5, 000 minimum) yeah right! bwahahahahahahahahaha! and a copy of your book also! lol!@Doug Eberhardt
Precious Metal broker selling gold and silver bullion at 1% above wholesale cost. Author of the book, "Buy Gold and Silver Safely." Website: http://buygoldandsilversafely.com
Yardfarmer, evidently you have something against me saving those who buy gold and sivler 15% to 30% in commission?
You have something against capitalism?
Funny how I was instrumental in the Santa Monica city attorney getting $4.5 million in a settlement from Goldline.
Funny how Congress also invited me to speak when they were going after Goldline after they read my book that related to them, but then declined because I tore the hell out of Congress in my book too.
The book is $10. Maybe that's too much for you. If that's the case, call me and I'll walk you through what gold dealers do for free.
My next book is called "Illusions of Wealth" due out in a few months.
My next book after that is called "We the Serfs!"
Capitalism lives and my exposure of what ails America will not be abated by your comments in criticizing my own ability to acheive self sufficiency by helping investors buy the right type of gold and sivler and not get ripped off.
Your post reads like an ad. Complete credit card information and click 'send' is the only thing not included.
To be fair, there are other posters like Reggie who offer investment advice and links to their billing office too...
Cheers.
jb
jb, I didn't down vote you, but was replying to what the farm guy said. My first post didn't come off as me trying to sell anything. I will always defend from attacks though, which may have came off salesish. I call it capitalism and I'm not afraid of getting attacked by spreading what I believe to be the truth. I've done quite well the last year because of it in helping people. Anyone who knows me would say that I give my time freely to anyone with any amount.
Cheers!
since your heart seemed in the right place, you can tell that i up-voted ya before I posted my reply :)
FUCK what some posters say on here.....stacking and a nice inventory of Canadian Maple Leafs here......pay a decent premium..but to me, the "spread" is not what I'm concerned about.....
PM's/phyz, guns, food, water, shelter, loyal friends doing the same; priceless
I'm a gold dealer. American Eagle Silver coin supplies are swallowed up each January because most all of the gold dealers buy the unsealed U.S. Mint monster boxes and send them off to get them slabbed by PCGS so they can have them graded MS 69 or MS 70 and tell their clients they are "New Release" or "First Strike" and get twice as much for them. It's a nice little way to double their profit at the buyers expense. Remember, most people who buy simply call in because Glenn Beck or Sean Hannity told them to. They aren't educated as to what to buy (which is why I wrote my book).
I don't sell that crap that's slabbed or graded. Sure I could make a lot more, but why pay more for your silver?
ya i buy from a LCS or silvertowne because of that reason. the places beck and hannity shill for all try to sell you munismatic coins, telling people thst when gold is confiscated theirs will be safe, and charging them a 50%+ premium for this belief. I have bought some of those MS70 eagles, and paid almost twice the spot price for them, to give to my infant son as gifts, figuring maybe they will be worth a decent amount more in 18-20 years or so when i let him choose what to do with them. I mostly stick with generic bars and rounds for my stackin, I dont care if they are ASEs or just generic bars or rounds, just care about their gold/silver content, not whats stamped on them
This posted twice for some reason.
So I will make this a seperate comment.
My latest article is "Will Gold Fall Below the 1980 Peak of $850?" http://bit.ly/1hTzfIt
I called for an up January and we are getting it. I do think Market Makers will try and get us below $1,000 because that's what they do. They like to play with the minds of those who own gold (or promote it).
My 30 years in the business has taught me this and I was just sharing in that article what they could do.
Before we enter the 3rd "euphoria" stage that Richard Russel talks about.
I suspect the people who first bought Ag in the high $30's and $40's will want to sell most/everything when it reaches those prices... despite all they've learned about the debasement of fiat currencies. It's human nature.
negative. i bought a decent ammount in the 30s. and ive bought a lot more down here at 20, and will keep on buying if/when its on its way up. im just shy of 30 years old, and dont plan on parting with any of it anytime soon. it will stay in my safe for a few more decades, and either get converted into a nice place to retire, or passed on to my children
People who "first" bought.
Plenty of people out there (like me) who would NEVER sell into any weakness. In fact, I may never sell any of it.
Must have missed that part, my bad. didnt down vote you though, FYI. But i will sell mine at some point, probably. To me they are my savings. If i can get through life without needing them, then great, my kids can have a nice little nest egg. Now, Im not going to go trade my stack in for FRNs if the price doubles, cuz im not in it to make a quick buck. But at some point decades from now, hopefully I will have saved enough to buy a nice place to retire, free and clear. There is no point in having gold/silver and saying at no point would you ever sell. They are just saved money for me, and an insurance policy. If everything else goes to shit, and my dollars and investments arent worth shit, which looks increasingly likely, ill always have my stack
I don't know how old you are, but TPTB could certainly keep this system going much longer than anyone here could ever imagine. Some of us will die before the system collapses... in that case you can always leave your PMs to your kids, grandkids, niece or nephew.
Don't you ever wish your Grand-pappy had the foresight to save a couple dozen $35/oz. gold pieces from back in the day?
That's what I'm doing for my future great-grandchildren.
Yes, but my great-grandpappy used to give me 10 silver dollars (Morgan and Peace) for X-mas every year. I still have all of them :o)
keep stackin' it high, folks...phyzz Ag is still on sale at this point even if premiums go up a bit. They can drive the paper price down to fuckin' 10 bucks for all I care, but I'm pretty sure that will mean huge premiums which will still end up costing us somewhere in the mid to high 20's, maybe 30/oz or maybe there just won't be anything available until we hit the 40's and 50's again.
I think every ounce we can get while still under 30/oz is excellent. And I'll still stack as we bust the 30's and move into the 40's as long as it's available. But this thing is going to bust wide open at some point and then we're off to the races, so get it now during the calm before the storm while the gettins still good.
The psych warfare is gonna get serious as TPTB do everything they can to bust our chops and try to shake us out of our phyzz. Don't let them do it! Stay strong and don't give up one single silver dime for anything until the cartel has been smashed. Then look into trading Ag for Au at much lower silver/gold ratios of hopefully under 20:1...15:1 or 10:1 and lower would be even better...gotta stay strong and hold tight to get to those ratios though.
We know they want all the silver. They've got most of the gold. But silver runs their electronic world and they want to control us with electronics, don't they? Fuck them! If they want our silver then they're going to pay for it big time with lots of gold, land, and other valuable assets. Or maybe they'll want to fight us for it, but that's why we stack lead!!!
So other than that, they can take their fiat paper and shove it up their asses. We have to play for keeps with these sociopath scumbags because we know damn good and well they'll cut our throats out any chance they get, so we have to be relentless and merciless too to save our live, our families, and our country from their evil tyranny.
Agree. A lot of silver was bought in the low 30's a year ago and those buyers are not going to take a loss by handing it over to the big banks for less than that.
good to see dreamers still exist
Sorry to say but it appears assholes still exist too. You've proven that one.
EDIT: Just so you're aware, I'll qualify my comment. I has nothing to do with your opinon on dreamers. Suggesting you're willing to kill someone for their food and silver because you failed to properly prepare is what qualifies you as an asshole in my book.
Based upon Terminal's comments; would it be rational to assume that he's an armed member of the FSA?
I don't know, but one can only hope that if I tries to carry out his murderous theft, he takes 2 to the chest and 1 to the head.
Preparing is a matter of opinion.
I live near a stream with my own windmill, solar and mini hydro plant.
I can get as much energy and water as I need.
I prepare by being able to defnd what I have.
You can buy all the silver and gold you want and whine everyday about how the price is manipilated. When the SHTF I will be prepared and you will trying to hide silver from bad people.
I can't understand why people keep crying about price manipilation if they are in the business of buying and holding. You should be thankful the price stays low not bitching about how the "govmint" is forcing the price lower.
Getting silver from the .gov is like getting blood from a rock.
What noise does a Kookaburra make?
The Kookaburra, or Laughing Jackass, is a carniverous bird related to the Kingfisher.
Sounds like a central banker to me.
useless shiny metal still overpriced.
When the SHTF you can't eat it and you can't use it to make food.
Maybe you can use it to make bullets if you need to kill vampires.
I prefer to spend my money on guns and bullets, you spend yours on silver.
When the SHTF I'll come take your food and silver if I need it.
actually when SHTF you can use silver to make anti-biotics which no bacteria have resistance to - or any ability to evolve resistance to.
that's pretty important.
And yes, you can use silver spoons to eat food & probably silver pots to cook food though I think copper's a wiser choice for durability vs cost/availability.
When you come for others' silver you'll be shot immediately & get none so please try.
I prefer to spend my money on guns and bullets, you spend yours on silver.
why can't i have guns and bullets and silver?
Good to see dreamers still exist. lol.
Seriously dude, you sound like most cops I know. I've had two cops tell me the exact same thing. Sad thing is, they really believe it.
Good luck in your future endeavors. You'll need a hell of a lot of it if you try that shit down South.
that's why I've warned "preppers" who admit they are cops they are enemy #1 to the prepper and will get NO peace in SHTF.
Every last one of them is suspect until proven otherwise & by suspect I mean in SHTF shot on sight when in home territory.
"When the SHTF I'll come take your food and silver if I need it."
Epic. Lulz.
"When the SHTF I'll come take your food and silver if I need it."
For sure, right after someone unloads a few home defense rounds thru your critical mass....but at least witht that gaping wound you will know you did, in fact, eat his/her food.
The person next to you will hear the report, you won't...
@terminal
Feigning relevance much?
wrote about premiums /shortages few days ago and now it's here ....
Silver overpriced? you should research cash mining cost for the 2nd most used commodity in the world after oil (over 10,000 uses for AG)
http://zysites.com/silververitas/
specials on Morgans$, ASE, Franklins BU ...
http://trololololololololololo.com/
is that a Robot? just askin..
Yes, of course you will... If one buys silver one cannot by guns and bullets, everyone knows that...
I'll pay someone with some silver to off your ass
@Terminal
Oh you think so, you treasonous, criminal little bitch? Do you think your the only one stacking lead and lead delivery systems? Do you actually think Ag stackers aren't also just as prepared with heavy arms for little bitchez like you and anyone else who makes comments like you and thinks they're just going to waltz in and grab what they want from us?
Fuck you and bring it, scumbag. You're not going to last 5 minutes and you'll be crying for mercy after the SHTF. You think we don't know fucks like you are out there? The crosshairs of our long range will be on your fucking forehead before you set one foot inside our perimeters.
You fucking douche bag. Terminal is exactly what you'll be and so will any of the other little fucks like you who are dumb enough to try and take on any stackers.
Relax, the job of a troll is to rile you up. Don't let them inside your head, they want you to react emotionally. Just ignore them or they will continue.