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US Mint Sells Massive 3.9 Million Ounces Of Silver Coins In First Few Days Of 2013, Triple December's Total

Tyler Durden's picture


Just a few days ago we noted the massive surge in physical gold coin sales from the US Mint, with silver surprisingly lagging. Today, we see an even more dramatic surge in the sales of physical Silver Coins in the first week of January, which in a few short days hit 3.94 million oz, already surpassing the entire December total of 1.64 million ounces. It seems that the paper-to-physical currency rotation is gathering pace even as, or thanks to the trillion dollar platinum coin mercifully ending its 15 minutes of page-clicking, ad revenue infamy. In the secondary market, inventories (via APMEX) of Silver coins remain negligible, if any: American Eagles are available as follows: 2013s may be available 1/18, maybe not; 2012 - 0; 2011 - 0; 2010 - 0; 2009 - 0; 2008 - 0; 2007 - 0; 2006 - 0; 2005 - 0; 2004 - 0; 2003 - 0; 2002 - 0. They do have some 2000, 2001 and 2007, all about $5-6 over spot! It seems ever more people are getting nervous about the impact of currency wars on their "money"... or perhaps just want to make Silver shirts to attract the females?




(h/t Alex Gloy)


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Tue, 01/08/2013 - 16:42 | 3134011 catacl1sm
catacl1sm's picture

Silver Eagles are going for about $36/each on Ebay.

Tue, 01/08/2013 - 16:43 | 3134012 YouThePeople
YouThePeople's picture

Silver shorts then silver shirts.

Tue, 01/08/2013 - 16:43 | 3134014 insanelysane
insanelysane's picture

Can we use our EBT cards to buy physical?

Tue, 01/08/2013 - 16:47 | 3134033 knukles
knukles's picture

No but you can get cash for 'em at most tattoo parlors, strip joints and liquor stores.

Tue, 01/08/2013 - 17:46 | 3134212 The Navigator
The Navigator's picture

and THEN go next door to the coin shop and buy physical.

Tue, 01/08/2013 - 16:57 | 3134017 FubarNation
FubarNation's picture

2012's Silver Eagles were available just before the EOY.  I sure as shit didn't pay $6 over spot.  Lots of Maples on the shelves.

Tue, 01/08/2013 - 16:46 | 3134026 AccreditedEYE
AccreditedEYE's picture

End of day lift-a-thon about to blast off.... Stocks, silver, gold, whatever. BTFD

Tue, 01/08/2013 - 16:46 | 3134029 RacerX
RacerX's picture

Fools buying all these puny silver coins when they could own "The One Coin to Rule Them All".

Tue, 01/08/2013 - 16:52 | 3134043 Bluntly Put
Bluntly Put's picture

Better yet, they could put their faith in the $1012 Big Kahuna Tuna, the fish to rule them all. You can't eat silver/gold but you can eat Tuna.

Tue, 01/08/2013 - 17:11 | 3134109 bigkahuna
bigkahuna's picture


Tue, 01/08/2013 - 17:16 | 3134123 Liquid Courage
Liquid Courage's picture

That Tuna weighed in at 222 kg and sold for 1.8 M$. Since, 1.8 million up to 1 trillion is a factor of 555,555.5555, your trillion dollar Big Kahuna Tuna will have to weigh in at a whopping 123,333,333.3333 kg or a nice round 271,950,000 lbs.

I think you're gonna need a bigger boat.

Tue, 01/08/2013 - 16:49 | 3134039 Freddie
Freddie's picture

Tyler - please ask Geithner or Dr. Paul Krugman if I can get one of those Obama Platinum coins.  The smaller denominations please.  I am sure you have some pull with the Treasury.  I heard the Treasury and NY Fed love reading ZH when they are not watching p*rn.

Haysus Christo!  We joked about Gerald Ford's WIN buttons aka Whip Inflation Now.  It was comical but this Platinum Coin shit is insanity.

Tue, 01/08/2013 - 16:56 | 3134062 Silverhog
Silverhog's picture

Hopefully my 1/4 oz  Platinum Eagle will then be worth at least 50 Million.

Tue, 01/08/2013 - 17:52 | 3134225 The Navigator
The Navigator's picture

Isn't 1/4 of $1tril more like $250Bilion? You be RICH man!

Tue, 01/08/2013 - 19:46 | 3134503 thisandthat
thisandthat's picture

Could you spare a man a couple atoms of that, my kind sir?

Tue, 01/08/2013 - 21:01 | 3134655 SAT 800
SAT 800's picture

That really was funny. I was alive and around at the time; and I thought oh noes; we really do have a government by the idiots for the idiots and of the idiots. Then I saw a young exec., probably from the BofA tower, walking down the sidewalk in S.F. Calif. with his WIN button on the lapel of his grey flannel suit, and I started laughing. I guess it was insensitive of me; these people just do what they're told, of course, it was management policy that week; but still. "If we all wear these magic buttons inflation will go away"---Yeah, thanks Gerald. That's when I started seriously researching the subject and discovered Brown's book "how to profit from the coming financial crisis"; this was in 1979; in case you're confused; but yeah; same, same. The answer is Silver, and boy was it ever. Worked a lot better than a WIN button.

Tue, 01/08/2013 - 16:55 | 3134058 Herdee
Herdee's picture

Real demand right now is coming from China stockpiling silver.Stop buying U.S. Government debt and stockpile precious metals to infinity,YA BABY,YA!!!

Tue, 01/08/2013 - 17:05 | 3134091 RockyRacoon
RockyRacoon's picture
Japanese Pension Funds & ETPs to Buy $550M in Gold | Resource Investor

Japanese pension funds and gold-backed exchange traded products are going to more than double their gold holdings over the next two years to $1.1 billion, buying some 27 tons of gold at current prices, according to veteran World Gold Council representative Itsuo Toshima who is quoted today on Bloomberg.

His warning comes as new prime minister Shinzo Abe has pledged to push inflation to two per cent leaving Japan’s pension funds no option but to hedge against a weakening yen. Japanese investors have long ignored gold as irrelevant in their depressed, inflation-free economy. That is set to change.

Gold’s Return

“Bullion’s role as an inflation hedge, long ignored by Japanese fund operators, has come under the spotlight thanks to Abe’s economic policy,” said Mr. Toshima. “Gold may be a standard asset-class in the portfolio of Japanese pension funds as Abe’s target is realized.”

The Government Pension Investment Fund of Japan, the operator of the world’s largest pension fund has avoided bullion and commodities and has 67 per cent of their assets allocated to Japanese bonds.

“Pension money invested in bullion is ‘peanuts’ at the moment,’ Mr. Toshima added. “If 1% of their total assets shift to the metal, the gold market would explode.’

Joe Public?

ArabianMoney concurs and we also wonder what will happen as the Japanese public catches on. They are among the greatest savers in the world and also huge holders of domestic bonds.

Is this not the transfer from bonds to the very tight gold and silver markets that we have been talking about for some time now? The price upside for precious metals in this transfer is going to be huge because there is a collossal value stored in paper and to absorb that money bullion will have to soar in value.

We think the Japanese market is the one to watch at the moment for the next step in the global financial crisis. This is it, a bond crisis in the making and a massive transfer of wealth into gold and silver.

Tue, 01/08/2013 - 17:42 | 3134193 dark pools of soros
dark pools of soros's picture

when i can pay off my mortgage with 1oz of gold I will trade for the deed

Tue, 01/08/2013 - 20:09 | 3134547 Tall Tom
Tall Tom's picture

I am not knocking your plan but just get ready to pay some hefty Capital Gains Tax. Heads up. It is not all going to be gravy when the SHTF.


Gold will be a good thing to have...Physical Gold and Physical Silver.

Tue, 01/08/2013 - 21:58 | 3134816 samsara
samsara's picture

"I am not knocking your plan but just get ready to pay some hefty Capital Gains Tax"

Think of it as paying the devil your Pound of Flesh to get out of the game.

Exit Tax.

Freedom Tax.

After you pay the tax, it's "off to table" It doesn't exist any more (to the authorities).

Tue, 01/08/2013 - 21:31 | 3134739 SAT 800
SAT 800's picture

If the gold; or silver; were deposited with in england; then you could have the money to pay your mortgage; let's say it represented, 10oz. of gold, or whatever directly back toyour non-interest bearing checking account with Bank A; and immediately withdraw it in the form of a bankers check to Bank C; your mortage holder; and presto; you don't anybody any taxes. at all. zip. nada. Understand?

Tue, 01/08/2013 - 17:54 | 3134232 Poor Grogman
Poor Grogman's picture

If that is the case the policy will probably be dropped, the PTB simply cannot allow pension funds to rotate into gold, or for that matter transfer real spending power to the future.

The whole purpose of pension funds (as seen by the PTB ) seems to be to mobilize peoples retirement savings for use by the finance industry now.

It also is a useful pool of funds to hit with the trusty old inflation tax...

Tue, 01/08/2013 - 21:53 | 3134798 samsara
samsara's picture

All pension funds will be converted to Tbills. National Security reasons.

Tue, 01/08/2013 - 19:25 | 3134454 fiftybagger
fiftybagger's picture


Let's do the math.  Government Pension Investment Fund of Japan assets are 1 trillion dollars(100 trillion yen) give or take.  Money flowing into physical gold and silver is 1 to 1.  1% of of that money is 10 billion so half is 5 billion towards silver.  5 billion in silver is 166 million ounces, 20% of yearly WORLD supply and over 50% of silver not used by industry every year.  And that is JUST ONE pension fund at 1% of their assets toward silver and gold.  Houston, we have a problem.  Physical silver is the eye of the needle and the investment dollars of the world are the camel.


Silver For The People

Tue, 01/08/2013 - 16:55 | 3134059 Wakanda
Wakanda's picture

Yeee haaa!  Dem's my peeps.  PMs and guns done be sold out.

I bet we look back in 5 years and say "The Mayans were right about 12/2012."

Tue, 01/08/2013 - 17:45 | 3134204 edifice
edifice's picture

You darn tootin'! Can't wait til Friday, going to pick me up another shiny Gold Eagle.

Tue, 01/08/2013 - 16:57 | 3134063 otto skorzeny
otto skorzeny's picture

silver eagles? hell it's harder to get 7.62x39 FMJ

Tue, 01/08/2013 - 16:58 | 3134068 FubarNation
FubarNation's picture


Tue, 01/08/2013 - 17:03 | 3134086 DosZap
DosZap's picture

silver eagles? hell it's harder to get 7.62x39 FMJ

Think 762x39 is tough? Try ,308, and 556x45/223......................Good RUCK!!!!!!!

Tue, 01/08/2013 - 21:36 | 3134751 SAT 800
SAT 800's picture

7.92X56R is available in 880rd. tin cans. they finally ran out of Mosin-Nagants at Bud's but they say they have a connection and they're going to get some more.

Tue, 01/08/2013 - 21:55 | 3134806 Jendrzejczyk
Jendrzejczyk's picture


Tue, 01/08/2013 - 17:00 | 3134070 Kaiser Sousa
Kaiser Sousa's picture

They can't stop this train soon to tear a tunnel right up their sociopath assholes...... FUCK YOU BERNANKE AND YOU COCKSUCKER BANKER BRETHREN......

Tue, 01/08/2013 - 17:16 | 3134121 youngman
youngman's picture

You know Bernanke sees these numbers and it scares the crap out of him.......he knows he has lost if PM´s take he will defend his the end..and by means we never think they wiould EVER do....its the rest of the world that will end his power....just think if you were in the Chinese leadership and was watching our politicians ask demand our debt limit to go to 25 trillion......and you are holding 1.5 trillion in our dollars....what would you buy and why????????

To me this is the end game....I still do not know why the Chinese government has a Primary Dealer me that is very strange....and its smells

Tue, 01/08/2013 - 17:55 | 3134233 The Navigator
The Navigator's picture

Agree with the end game

Do Primary Dealers have to report their purchases/sales? if not, Maybe that was the main reason they became a PD.

Tue, 01/08/2013 - 18:08 | 3134270 Poor Grogman
Poor Grogman's picture

One way they could defend their paper ponzi is to go the Japanese route, with a more aggressive but controlled deflation.

That way they could remain in the drivers seat, while the whole debt soaked world lines up at the door of the Fed clamouring for more money.

This would be a hard act to keep going as the pain for debt holders would be acute, (think Greece on a global scale) but the FED options at this stage are somewhat limited.

Should be another interesting 12 months...

Tue, 01/08/2013 - 23:12 | 3134994 lakecity55
lakecity55's picture

Being patient, cunning and devious, and also readers of Sun Tzu, they are waiting until just the right moment to strike, and you won't ever see it coming.

But! If you have fizz, you have a better chance.

Fizz and Lead.

The wonder metals of the 21st century.

Tue, 01/08/2013 - 16:59 | 3134072 ziggy59
ziggy59's picture

1 oz Silver American Eagle (Random Year)

As low as $3.19 per coin over spot!
Each Silver Eagle contains .999 fine Silver and comes in Brilliant Uncirculated con... view more
Average Rating

Availability: Now
APMEX Buy Price - $32.01

Tue, 01/08/2013 - 17:06 | 3134096 ziggy59
ziggy59's picture

Which more-on junked me for posting Apmexs only available SE?

Tue, 01/08/2013 - 17:45 | 3134205 negative rates
negative rates's picture

Not me, but if they are ripped, stripped, dipped, or chipped, I won't be back for a second one. 

Tue, 01/08/2013 - 16:59 | 3134073 youngman
youngman's picture

Again another story of people buying more..and more...up from last years number.....but..but..but...they slam the price down.....someday that is going to hurt someone really bad...when the cubboard is bare...Mother Hubbered is going to be really pissed.....and BROKE

Tue, 01/08/2013 - 17:19 | 3134132 bigkahuna
bigkahuna's picture

OK, these guys are buying up the silver because they believe that it will retain more value than any currency unit and may be barterable in a transition between one currency to another in the event of a currency collapse.

If you consider a collapse scenario, you will see that an ounce of silver has a better chance of getting you needed food/water than a slip of paper known as a dollar or a euro or you name it.

People are also concerned that the slip of paper will be easily devalued where as it is more difficult to devalue silver/gold in the long run and real terms (not COMEX terms).

Tue, 01/08/2013 - 21:44 | 3134764 samsara
samsara's picture

dup (damn touch screens)

Tue, 01/08/2013 - 21:47 | 3134765 samsara
samsara's picture

"If you consider a collapse scenario, you will see that an ounce of silver has a better chance of getting you needed food/water than a slip of paper known as a dollar or a euro or you name it."

That's why I don't understand all the emotion on the day to day ups and downs of the price or that it is suppressed. Thank God that it is suppressed. Would you rather try to accumulate if it were $60 an Oz?

I was in Argentina a few months after they devalued by 50%. People could only withdraw only 1000 pesos a month whether or not they had 500,000 in the bank.

BUT The people who had traded out their pesos to silver BEFORE the devaluation did MUCH better when buying things after than those who kept it in pesos.

Heavy metal is a hedge against your Government.


It's the 'Ground Floor'. Elevators/escalators (paper money) go up and down, BUT the Ground Floor doesn't move. The Non-Real moves up and down in RELATION to IT, not the other way around.

Tue, 01/08/2013 - 17:02 | 3134074 TrumpXVI
TrumpXVI's picture

It wasn't all me, but I did just buy yesterday another 1/2oz. gold Eagle and another 20 1oz. silver Eagles:-)

I keep BTFD, and TFDs have just kept on coming for over 14 months.  Everytime PMs goes on sale and I buy, they go more on sale-er.

There's gotta' be a bottom around here somewhere.

Tue, 01/08/2013 - 19:10 | 3134428 shutdown
shutdown's picture

I can make the price of gold drop. All I gotta do is buy some. 

Tue, 01/08/2013 - 20:16 | 3134560 Tall Tom
Tall Tom's picture

You think that is good? I can make the price of Gold rise. All I have to do is sell some. Touche!!!

Tue, 01/08/2013 - 17:01 | 3134080 Sheeple Shepard
Sheeple Shepard's picture

This is interesting. The supplier of physical that i use, and as far as i am aware its the largest supplier in my country has been constantly running out or completly consistently out of silver coins and bars since the huge fall in price just before Christmas. It also seems to be having difficulty aquiring more because some say 3-4 weeks for new stock and the 1oz Philharmonics which are the cheapest 1oz coin have said "New stock expected 1 week" for nearly 3 weeks. This i have never seen before. 

Tue, 01/08/2013 - 17:15 | 3134117 JLee2027
JLee2027's picture

I've been hearing about tight physical supplies since August and "tight as a drum" from Ted Butler in November. Then in December, Comex had 20 million ounces delivered (apparently most was paper and not real silver because no actual Excel inventory numbers changed). Online supplies are low. 1000 ounce bars - 8 to 10 weeks for delivery and some places don't even offer them. 100 ounce bars supplies appear to be down about 60% from 2 years ago. Silver Eagles are very low at APMEX.

Yup, this could be the big one.

Tue, 01/08/2013 - 17:21 | 3134135 bigkahuna
bigkahuna's picture

Copper is also getting tight.

Tue, 01/08/2013 - 17:32 | 3134165 SubjectivObject
SubjectivObject's picture

JPM might know something about that too.

Tue, 01/08/2013 - 18:43 | 3134367 Roosting Chicken
Roosting Chicken's picture

As is brass.  Went to buy some 30-30 rounds today.  Nothing in stock.

Tue, 01/08/2013 - 23:11 | 3134990 e_goldstein
e_goldstein's picture

last time I bought (at the end of Dec) the dealer had more gold--and suprisingly enough rhodium--inventory than they did silver. 

Tue, 01/08/2013 - 17:02 | 3134083 hairball48
hairball48's picture

I'm a tiny investor compared to 99% of the ZHers. I just keep on buying my "junk silver" and some gold when I can. The banksters can't keep the lid on the price of physical forever.

Tue, 01/08/2013 - 17:04 | 3134089 Miss Expectations
Miss Expectations's picture

If Just 1% of Strippers Accepted Only Silver Dollars, The Silver Market Would Explode

Tue, 01/08/2013 - 17:21 | 3134136 W74
W74's picture

Hopefully the hot 1%.  Last time I was in a strip club (trucker bar off of I-95 in North Carolina?) the quality of the "ladies" was set very low.

Tue, 01/08/2013 - 17:25 | 3134145 IridiumRebel
IridiumRebel's picture

Try the Dixie Snail Trail!

Tue, 01/08/2013 - 18:40 | 3134357 Roosting Chicken
Roosting Chicken's picture


Wed, 01/09/2013 - 02:33 | 3135442 r3phl0x
r3phl0x's picture

Hedonically adjusted strippers - some of them even take out their dentures.

Tue, 01/08/2013 - 19:25 | 3134458 Poor Grogman
Poor Grogman's picture

The quality of the "money" is also very low nowadays.

Tue, 01/08/2013 - 18:13 | 3134283 Papasmurf
Papasmurf's picture

Don't confuse silver eagle with spread eagle.

Tue, 01/08/2013 - 20:23 | 3134574 thisandthat
thisandthat's picture

silver spread eagles ftw!

Tue, 01/08/2013 - 17:07 | 3134098 RockyRacoon
RockyRacoon's picture

Dealers Report 'Very Strong' Gold Demand from China
By Ben Traynor | January 8, 2013
Wholesale gold bullion prices ended Tuesday morning in London at $1,655 per ounce, regaining ground lost yesterday to climb back to where it started the week, with dealers reporting signs of strong demand from India and China, the world's two biggest gold buying nations.

Tue, 01/08/2013 - 17:10 | 3134105 Silver Garbage Man
Silver Garbage Man's picture

You just know that lots of people who thought us silver bugs were crazy are someday going to be standing in line waiting to pay north of $100 for their first ounce! I can't wait!

Tue, 01/08/2013 - 17:16 | 3134124 XtraBullish
XtraBullish's picture

Best short sale of 2103: CASH and Cash Equivalents

To short cash, buying silver is a very effective means.

Just BTFD and STFU...

Tue, 01/08/2013 - 17:18 | 3134129 SumSUN
SumSUN's picture

Must, buy, more...

Tue, 01/08/2013 - 17:25 | 3134143 plata pura
plata pura's picture

it be that it be

Tue, 01/08/2013 - 17:30 | 3134156 SubjectivObject
SubjectivObject's picture

Silver bullets bytechez.

Tue, 01/08/2013 - 17:31 | 3134161 Mad Mohel
Mad Mohel's picture

Someone is bullshitting. This article directly contradicts the one from a couple days ago which said gold and silver coin sales were on the wane. Which is it, it can't be both.

Tue, 01/08/2013 - 17:35 | 3134167 GrinandBearit
GrinandBearit's picture

I've been buying junk bags of 90% since the 80's.  Absolutely nobody wanted them and there was hardly any premiums.  I was a skinny teen back then and Dad used to laugh at me because I could barely lift those $1000 face value bags.  He told me they only thing they were good for was door stops.  Respectfully, you were wrong Dad - RIP. 

Tue, 01/08/2013 - 17:49 | 3134219 sessinpo
sessinpo's picture

And it is AMAZING that despite such selling and demand, the price remains depressed. Yes, I would love higher prices as I have PMs. But, like I have in the past, I am suggesting to other ZHs that the market is telling us something that most on here are not listening too.  We get these amazing threads, that I don't dispute. But I look at reality and the cash price of PMs and I think to myself, why aren't PM's much higher?


Yes, we can get in to market manipulation but this thread disputes that. We are talking physical PMs here. I wonder if my message is going to waste. The market knows better then all of us including me. And the current price when compared to such threads as this tells me a different story that gold and silver bugs want to hear.

Tue, 01/08/2013 - 18:03 | 3134253 tenpanhandle
tenpanhandle's picture

Silver demand has been diverted into a myriad of paper silver products at a ratio way north of one hundred paper to one physical.

Tue, 01/08/2013 - 18:10 | 3134276 fuu
fuu's picture

"Yes, we can get in to market manipulation but this thread disputes that."

How so?

Tue, 01/08/2013 - 20:39 | 3134604 Tall Tom
Tall Tom's picture

I just do not understand your logic. People that want higher prices are seeking to sell. That is when I want the highest price possible. On the contrary people whom are seeking to buy want the lowest price possible.


Are you seeking to exit the Precious Metals market? I cannot figure out any good reason to do so at this time no matter what happens to the price. With Interest Rates depressed there is no returns on Bonds or Note. If Interest Rates were to rise one Full Percentage Point then that would Double the Size of the Financing Costs of America's Gargantuan National Debt. It will BANKRUPT the country so you can be pretty sure that is not happening in the near future.


Now we can look at the Stock Market...With Prices near all time highs the potential for a downside move is much greater than that of the potential for upside gains. It is just much too risky. Worse it is valued in Dollars which the Central Bankers are Inflating to Infiniity with QE Forever. They have to as any hawkish move will bankrupt the Federal Government.


With no safe havens offering substantial returns then why not leave your Money parked in PMs? The prices are fictitious anyway as they are set by a Paper Market backed by rehypothecated Gold.


Personally I want to see prices drop so I can buy more less expensively. I just do not understand your logic.

Wed, 01/09/2013 - 00:11 | 3135100 Big Slick
Big Slick's picture

I dont think sessinpo is seeking to exit the PM mkt.

He's posing good questions about a perceived discontinuity between the seeming tremendous demand, and relative invariant PM prices.

At the local gun show last week, pre-ban Colt AR-15's were going for $3-4,000, about twice their price a month ago.  Prices rose with demand.

I echo sessinpo in asking why Ag prices are not rising with this seeming tremendous demand.

Is the rest of the world all out of whack, or do we ZH'ers have faulty radar and engage in inbred self-supporting discussions with erroneous conclusions?

Tue, 01/08/2013 - 18:04 | 3134254 JLee2027
JLee2027's picture

Update for the Tylers: Us Mint now reports 4,287,000 Silver ounces sold.

Tue, 01/08/2013 - 18:09 | 3134272 fuu
fuu's picture


Tue, 01/08/2013 - 18:05 | 3134258 plata pura
plata pura's picture

carlo slim had meet with the persianites to some how make currency by coin of the precious and it's lessor cousin gold void of making quarrel with the jekyll isle cartel. the mestizo has been the master in coin strikings; first to strike the 1 ozt round in 1949ce .925; by far the grandest of all. a proper coin must tell of it's weight and purity. these states united did favor for those forward looking by striking coinage void of it's metal make up.

Tue, 01/08/2013 - 18:14 | 3134286 ParkAveFlasher
ParkAveFlasher's picture


Wed, 01/09/2013 - 00:20 | 3135123 Big Slick
Big Slick's picture

"a proper coin must tell of it's weight and purity. these states united did favor for those forward looking by striking coinage void of it's metal make up."

On the back of my Eagles the US government tells me its made of 'Fine Silver'.  What else do I need to know??  /sarc/

You raise a REALLY interesting point.  Its a reason I prefer the '9999 pure' on th Maple Leaf.  The little man in me has a real problem with the lack of 'labelling' on US. 

But I dont get your saying "a favor to those forward looking".


Tue, 01/08/2013 - 18:05 | 3134259 OldNewfy
OldNewfy's picture

No issues of silver supply (SML's) noted on Albern Coin (no affiliation) Canada website; unchanged for many weeks, AFAIK. The outlet near me gets busier when BTFD arises, though.

Tue, 01/08/2013 - 18:10 | 3134278 zerotohero
zerotohero's picture

I get silver maples $1.70 over spot in Canada and thankfully no shortage - keep stackin.

Tue, 01/08/2013 - 19:33 | 3134475 GrinandBearit
GrinandBearit's picture

$1.70 over spot is very good.

Tue, 01/08/2013 - 19:49 | 3134512 dogbreath
dogbreath's picture

especially in canada

Tue, 01/08/2013 - 18:12 | 3134282 Freddie
Freddie's picture

I want me one of those Japanese commemorative Fukashima platinum coins with the MOX plating.  They will glow in the dark for 250,000 years but they need a stronger lexan case to shhield you from gamma rays.  

One side of the coin has TEPCO (Tokyo Electric Power Company) and the other side has Godzilla. 

Tue, 01/08/2013 - 22:31 | 3134910 JohnGaltsChild
JohnGaltsChild's picture

Just be careful. There are knock-offs with tungston inside.

Tue, 01/08/2013 - 18:16 | 3134289 VonManstein
VonManstein's picture

January silver sales 4,287,000 oz

Tue, 01/08/2013 - 18:17 | 3134292 pasttense
pasttense's picture

Some of you don't seem to remember that silver reached $49 in April, 2011. The comments on the gold and silver forums then was that while there might be some short-term retreats, the sky was the limit.

Tue, 01/08/2013 - 18:38 | 3134350 JLee2027
JLee2027's picture

The sky is the limit. They can't grow or mine enough silver to meet demand. Thats why we have paper silver, to fool people until they figure out the truth.

Tue, 01/08/2013 - 19:05 | 3134417 GrinandBearit
GrinandBearit's picture

Anyone who bought Ag @ $49 is probably frustrated as hell... extreme patience is necessary.  Hopefully a few lessons were learned April and May of 2011.  You never buy something when making, or close to making new highs.

The recent consolidation is a very good thing.  I hope we see $26 Ag again soon.  I'm sure a few trucks will be backed up if/when that happens.


Tue, 01/08/2013 - 20:55 | 3134637 Tall Tom
Tall Tom's picture

That is why you stay away from Stocks at this point. There may be upside potential but the potential for downside losses far outweigh the potential for upside gains.

Tue, 01/08/2013 - 21:22 | 3134708 samsara
samsara's picture

You are absolutely right. I would recommend to YOU is to put all your money in the stock market and 30 yr Tbills. FULL faith in the government and all that.

Have the last laugh at the silly heavy metal crowd.

Tue, 01/08/2013 - 18:29 | 3134312 bullnutz
bullnutz's picture

I'm done supporting APMEX as there is much better establishments being run by stackers with much lower prices.  My preference is ran by the Doc of 

Tue, 01/08/2013 - 18:41 | 3134361 JLee2027
JLee2027's picture

Nice place, but they need to fix the software. I just ordered 99 million 2012 silver eagles and they let me do it. Since they only minted 34 million, I think thats a problem.

Tue, 01/08/2013 - 19:14 | 3134438 GrinandBearit
GrinandBearit's picture

Hi Doc -lol 

I've never had a problem with Apmex.  Their customer service is the best I've ever dealt with.  About a year ago I ordered $500 fv bag of 90% JFK halves.  There were about ten 40%'ers in the bag.  I told them about it and immediately sent me ten 90%'ers... they arrived in the mail in 2 days.  The best thing is they told me to keep the ten 40%'ers as an apology for their error.

Would SD Bullion do that?... I doubt it.





Tue, 01/08/2013 - 20:32 | 3134586 ziggy59
ziggy59's picture

Agreed..since opening an office in NYC, they charge tax... Plus, their bank is none other than JPM. I wonder who is custodian of their vault?

Wed, 01/09/2013 - 00:38 | 3135169 just-a-girl
just-a-girl's picture

What are you talking about that APMEX "bank is none other than JPM"??? 

APMEX bank is Bank of Oklahoma, N.A.

Tulsa, OK



Tue, 01/08/2013 - 18:43 | 3134362 yogibear
yogibear's picture

Print Benny Bernanke and Inkjets. People are realizing your fiat your fiat will be worthless.

Eventually a run from the US dollar. The man pulling the levers (Bernanke ) behind the Federal Reserve curtain has no clothes.

Tue, 01/08/2013 - 18:47 | 3134377 Argentbilly
Argentbilly's picture

Has anyone noticed The Debt Clock's webpage added 2,000,000,000 oz's os silver to The World Reserve? 

Tue, 01/08/2013 - 20:47 | 3134616 JLee2027
JLee2027's picture

Must count silver yet to be mined for the next 500 years. According to them the silver reserve is decreasing at a rate of 1200 per minute or 630 million ounces per year. So it's all screwed up.

Tue, 01/08/2013 - 21:17 | 3134699 samsara
samsara's picture

You mean the reserves that are in "DEEP" Storage. As the Fed says.

Tue, 01/08/2013 - 18:50 | 3134384 Henry Hub
Henry Hub's picture

For everyones information: the 1oz American Eagle gold coin contains 91.67% pure gold. While the 1oz Canadian Maple Leaf gold coin contains 99.99% pure gold. Just saying.

Tue, 01/08/2013 - 18:51 | 3134388 secret_sam
secret_sam's picture

Do you understand the implications?  Just asking.

Tue, 01/08/2013 - 19:33 | 3134476 Henry Hub
Henry Hub's picture

Yes. You are paying more for less gold with the Eagle. I wonder if the 8.33% non gold is Tungsten?

Tue, 01/08/2013 - 19:50 | 3134515 secret_sam
secret_sam's picture

You do not understand the implications.

When you buy a 1 oz gold coin, you receive 1 troy oz of Au PLUS the added alloying metal for strength.  Go ahead and weigh one of your coins some time.

Tue, 01/08/2013 - 21:04 | 3134660 Tall Tom
Tall Tom's picture

You needed to tell him that the weight will be roughly 34 Grams on the American Eagle instead of the 31.1 Grams of a Troy Ounce which is what a Maple Leaf weighs.


I am happy that you challenged him. I hope that he learns.

Tue, 01/08/2013 - 23:03 | 3134973 secret_sam
secret_sam's picture

Thanks, you're butterin' me all up, but I never wanted to be too pedantic on the individual level.  I just hope *anyone* can learn something from my shit.

Tue, 01/08/2013 - 19:53 | 3134522 dogbreath
dogbreath's picture

The eagle contains one ounce of gold and some silver/copper? to make it durable.  Maples are very soft and easy to scratch

Tue, 01/08/2013 - 19:01 | 3134401 devo
devo's picture

Gold investors don't care about purity as long as it's 90% or higher. It's why coins like the Mexican Pesos and French Roosters are popular. The 90% gold means you get to buy close to spot (and potentially sell at a high premium if there's a panic).With the 99.99 coins, you have to pamper them so they don't scratch, and if you do recoup the premium it probably won't be as high a % as in a coin bought at spot. This is just make take.



Tue, 01/08/2013 - 19:03 | 3134413 Argentbilly
Argentbilly's picture

Right, it is fun to clean Morgans. Sorry collector's. 

Tue, 01/08/2013 - 19:09 | 3134420 devo
devo's picture


But I think another good buy are war nickels, because they sell under spot, and if there's a silver shortage and panic, people will be buying them at premiums. Might be the best bang for the buck if there's a mania. They're overlooked and undesirable to most people. I loaded up on a few hundred. Forget the "no refinery will take them" theory--who the hell is going to be taking their silver to refineries that buy below spot in a mania or panic? To get full market value, people will be selling them to other people or trading them for goods.


Tue, 01/08/2013 - 19:20 | 3134450 GrinandBearit
GrinandBearit's picture

Great points.  Also they are much more affordable for people with shallow pockets. 

Tue, 01/08/2013 - 21:13 | 3134691 samsara
samsara's picture

To get full market value, people will be selling them to other people or trading them for goods

I agree. To me my heavy metal will be a person to person transaction.... AFTER things go to hell. Not to Sell to make paper profits.

Tue, 01/08/2013 - 19:34 | 3134479 AgAu_man
AgAu_man's picture

Devo, "Are we not men?".  ;-)

I respectfully take the opposite tack for the following reason:  In a PM world that will be increasingly desperate for Phys-AU, "salting" will increase accordingly.  To mitigate this risk, I prefer to raise that bar for these scumbags, to the point where it's too costly.  Hence my preference for 99.99 or -- better still -- 99.999 Maples with only one source:  the Royal Canadian Mint.  Straight from Canada to US, w/o global/asian detour.

Plus, as a Legal Tender, it canot be 'taxed' or 'confiscated' in the US.  You will have to sort out your own tax implications, if any.

Tue, 01/08/2013 - 19:36 | 3134484 ruffian
ruffian's picture

Importing anthing less than .995 fine gold into canada or australia (for example) carries a 6% tax. "Four nines" carry no tax...........

Tue, 01/08/2013 - 20:17 | 3134559 devo
devo's picture

^ +1 to both of you above.

A side of it I hadn't thought of.

Tue, 01/08/2013 - 20:17 | 3134564 ziggy59
ziggy59's picture

Actually they contain a troy oz of gold.... They are not .999 but weigh more than an oz to allow for the % difference due to metal mixture

Tue, 01/08/2013 - 18:51 | 3134385 Lord Of Finance
Lord Of Finance's picture

My local coin dealer said things are getting real hot. The same goes true with all dealers he knows. The heat has hit the street. Fewer sellers, many more buyers. Has not seen this level of buying since late 08 into 09. When the silver snow stops evaporating in the upper atmosphere and starts reaching groundlevel, then you know not only is the dip over but a stronger surge is underway.

Tue, 01/08/2013 - 19:04 | 3134416 devo
devo's picture

PMs got ahead of themselves in '11. After a year and a half of consolidation (and absorbing three QE programs), the next leg up is justified. I think gold $1800 and silver $37-40 by year end. I think what has everyone worried is a possible deflationary event where PMs get taken down with everything else. Besides that, there isn't much risk.

Tue, 01/08/2013 - 19:50 | 3134510 forwardho
forwardho's picture

I have not done calculations yet, but it looks like almost $3 of silver was bought to $1  of gold. How can ratio remain 55/1 when people are buying 3x (in actual dollars spent) silver to gold.

So much for supply and demand economics working.

Silly me, I forgot we are no longer teathered to that pesky reality thingy

Tue, 01/08/2013 - 20:02 | 3134536 Dr. Engali
Dr. Engali's picture

The precious metals will be like .223 ammo or full capacity magazines . They are easy to get now , but there will be a moment when .. Poof .. all supply will be gone. If you're not stocked before then you will be screwed.

Wed, 01/09/2013 - 00:12 | 3135116 Overfed
Overfed's picture

That's why it pays to accumulate that stuff before there is a panic!

Tue, 01/08/2013 - 20:17 | 3134565 AgAu_man
AgAu_man's picture

DOOR #1:  If you bought paper-AU at, say, $1600 or less, then this might be a really good time to convert to Phys.  And I suspect that many/most are doing this, to mitigate counter-party risk.

DOOR #2:  If, on the other hand, you bought paper-AU at $1700 or more, then you're probably frustrated at the current price -- as it's preventing you from converting to Phys, if you don't want to take a cash-loss.  If the price goes back up to >$1700 levels, you can probably do it then, but you worry about the risk of not getting any Phys by then.  For you the quandry/dilemma is:  Take a USD loss now and have AU in hand, or preserve USD on books but risk getting locked out of AU supply.

DOOR #3:  Of course, in the lucky event that paper-AU goes to $1800, then you can convert and, depending on quantity sold, might even get some extra bullion/coins for free.  Odds?  Not that good, I suspect.

LET'S MAKE A DEAL GUY:  Decisions, decisions.  Your Jim-Rickards-brain says what?  Door, 1,2 or 3?

Tue, 01/08/2013 - 20:21 | 3134572 yogibear
yogibear's picture

Watch for the Wall Street boys with Washington's help and the Fed pull some shenanigans.

When it comes to money, nobody beats Wall Street.


Tue, 01/08/2013 - 20:23 | 3134575 Son of Loki
Son of Loki's picture
Man, 70, and 15-year-old married in Saudi Arabia


(CNN) — A 70-year-old man married a 15-year-old girl in Saudi Arabia, human rights workers confirmed on Tuesday. The 15-year-old was sold to her husband for $20,000, according to the report.

CNN interviewed the man, who said the girl’s parents sold her to him for the equivalent of $20,000. The marriage came to light when the man complained to a local official, saying the girl’s family had taken her back and he’d been ripped off. He refused to provide his name to CNN.

Tue, 01/08/2013 - 20:31 | 3134585 akak
akak's picture

He should have paid for her with his credit card --- you can always challenge bad deals that way.

Tue, 01/08/2013 - 20:59 | 3134621 AgAu_man
AgAu_man's picture

The 'fucking' (pun intended) French Nobility did not have this 'fucking problem'.  They had the "Droit de Signeur" laws in the Middle Ages:  "First dibs" on the virgin on her wedding night.

If, perchance, an offspring was sired, then the 'bastard' (word used correctly) would enhance the woman's odds of receiving material benefits from the Signeur -- compared to the women hit with the Ugly Stick.  That's why many women hated beautiful women:  Primal, day-glow green envy.

It just occurs to me... What if a Nobleman (French, English, German or Italian) got a Jewish servant girl pregnant?  Given that the Jewish lineage is traced through the maternal line, would the Jewish child now not have 'noble' roots?  Roots/connections which could be 'leveraged'?.

In Charles Dickens' Victorian England, where Nobility and Bankers would 'shag' their female staff, and the pregnant girl had to give up the infant to orphanages for adoption, a lot of 'orphans' were assumed to have 'noble' roots.  Hence Dickens' idea for Oliver Twist, where it appealed to nobility that 'well-bred' children would naturally rise to the top -- having their father's superior genes.  He made a fortune with his "We are naturally more noble" themes in his books.  Offspring from more "favored" mistresses usually ended up as Civil Servants -- which ended up being a symbiotic relationship for both parties, i.e. the nobility/Lords and the Civil Servants who could sometimes rise to great heights.

I even recall some program on the History Channel, about A. Hitler's family... where one of his female ancestors got pregnant by her Jewish master in Vienna, who then threw her out when he found out.  As he could not afford to have his reputation tarnished (had she stayed), or his costs increase.  Maybe it was AH himself.  Would explain why AH had such a primal and burning hatred for them:  "Urtrauma" (Primal Trauma) that he never overcame.  Different kind of PTS (Post-Traumatic Stress).


Tue, 01/08/2013 - 21:08 | 3134676 secret_sam
secret_sam's picture

I don't see the relevance.  Did he pay in silver?

Tue, 01/08/2013 - 22:43 | 3134938 lakecity55
lakecity55's picture


Tue, 01/08/2013 - 21:10 | 3134680 Lmo Mutton
Lmo Mutton's picture

And he can have sex with her for up to 6 hours after she is dead.

Tue, 01/08/2013 - 20:37 | 3134596 Stormtower
Stormtower's picture

And this just in.......

Corzine won't be deposed.............of course no one could see this coming.

Tue, 01/08/2013 - 21:15 | 3134696 toomanyfakecons...
toomanyfakeconservatives's picture

Gee... absolute records on gun purchases and Silver Eagle purchases.


The AR15/AK47 sold-out craze won't last long. There ain't gonna be no ban and prices will come down drastically. Silver... I'm not so sure about.

Tue, 01/08/2013 - 22:27 | 3134902 GubbermintWorker
GubbermintWorker's picture

Respectfully disagree about no bans comin down the road.  We no longer live in a constitutional republic, remember? Haven't for some time.

Tue, 01/08/2013 - 22:24 | 3134893 JohnGaltsChild
JohnGaltsChild's picture

So, why is paper silver trading at 30+ and physical selling for 40 on eBay?

Tue, 01/08/2013 - 23:01 | 3134970 CitizenPete
CitizenPete's picture

one is spot price and the other is physical priced at spot plus premium and fees and if your stupid enough to pay it - commission - as well

Tue, 01/08/2013 - 22:24 | 3134896 dunce
dunce's picture

There is a line in one of the Omar Khayyam poems about what does the wine seller do with the money he gets for his juice. It makes me wonder what do the peple buy with the money they get from PM. i think back in Omars day there was no fiat currency in the wine trade.

Tue, 01/08/2013 - 22:25 | 3134899 GubbermintWorker
GubbermintWorker's picture

I am thankful for my dumbfound stubborness to keep all my silver.

Tue, 01/08/2013 - 22:39 | 3134920 Doug Eberhardt
Doug Eberhardt's picture


Sales of Precious Metals are always high at the beginning of the year. The reason is all of the gold dealers buy them and turn them into "First Strike" or "Early Release" coins they get slabbed by PGCS allowing them to mark them up and get more commissions from investors.

No one will care about your shiny coins should we get to the point in time where precious metals are considered money again. The gold and silver content value will trump such numismatic value (or potential value). Sure, the rich may hold onto their very rare coins, but for the average investor in metals, they are better off with buying coins that are as close to spot as possible.

There's a reason why these gold dealers advertise so much on mostly right wing television and radio shows like Hannity, Levin, etc. and on the internet with Beck; they can afford to! Most of the listeners don't have a clue what they are buying but trust the person on the phone because Glenn Beck tells them he does business with them! He doesn't tell his listeners that the gold company he recommends has a shrine built to him at their headquarters.


Tue, 01/08/2013 - 22:42 | 3134931 GubbermintWorker
GubbermintWorker's picture

Gee, I could have gotten my gold and silver from the same place Glenn Beck does!?!?!

Guess I was too cheap and went the ebay route a few years ago....using Bing cash back and ebay, talk about buying below spot.

Tue, 01/08/2013 - 22:52 | 3134955 lakecity55
lakecity55's picture

Hot Damn. This is gonna be good for my miners!

Keep Stackin!

Tue, 01/08/2013 - 22:56 | 3134958 deerhunter
deerhunter's picture

Junk silver dimes melt value for the day was 2.24,  I bought some at LCS for 2.29 is that a decent price?  New to the game.  Thanks

Tue, 01/08/2013 - 23:43 | 3135055 secret_sam
secret_sam's picture

You were totally chumped and lost almost everything in that deal, but I'll give ya $1.07 each to ease the pain.

Tue, 01/08/2013 - 23:52 | 3135075 Monedas
Monedas's picture

What about Monedas' suspicion that the US Mint looses money on it's PM coins .... by normal accounting standards and all things considered ?  Anyone got a fix on that possibility ?  Will they have a bottleneck if sales really get brisk ?  If they were really making money, and not being subsidized by the tax payer, they would gear up rapidly to cash in on higher sales ? Time will tell !

Wed, 01/09/2013 - 01:22 | 3135317 resurger
resurger's picture


Wed, 01/09/2013 - 04:23 | 3135570 lmile61
lmile61's picture

This is Amazing!!!! magento development

Fri, 01/18/2013 - 08:10 | 3165614 Cheek
Cheek's picture

There really isn’t any reason to wait to buy 1 oz silver bullion, silver bars, Gold Buffalo coins, American Silver Eagle coins, or any other gold and silver investments.  These precious metals are increasing in value.  So protect your wealth by converting your cash into silver and gold by going to

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