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US Mint Out Of Silver Coins - Suspends Sales

Tyler Durden's picture




 

As we noted earlier this month, the demand for both gold and silver 'physical' coins has been record-breaking as 2013 began. So much so, that now after selling over 6 million silver coins in 2013 so far, the US Mint has run out of silver eagles and has suspended sales. Furthermore, the Mint is saying that it will not restart sales until January 28th! With all asunder proclaiming victory and crisis averted based on the nominal price of stocks at five-year highs, Swiss interest rates no longer negative, and Spanish bond yields at 5%, it seems there are still a few that demand the wealth-preserving safe-haven of hard assets as the escalation of the currency wars shows no sign of abating.

Authorized Purchasers,

 

The United States Mint has temporarily sold out of 2013 American Eagle Silver Bullion coins.  As a result, sales are suspended until we can build up an inventory of these coins.  Sales will resume on or about the week of January 28, 2013, via the allocation process.

 

Please feel free to call us if you have any questions.

 

Regards,

 

Jack A. Szczerban

Branch Chief, Precious Metals Group

Department of the Treasury

United States Mint

 

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Thu, 01/17/2013 - 19:45 | 3164425 MillionDollarBoner_
MillionDollarBoner_'s picture

Silver, Bitchezz!!!

(I've always wanted to do that :O)

Thu, 01/17/2013 - 20:08 | 3164497 SHEEPFUKKER
SHEEPFUKKER's picture

Where da eagles at Jack?(Szczerban)

Thu, 01/17/2013 - 19:47 | 3164433 VonManstein
VonManstein's picture

Incredible. only 10 days after they started selling again.

i Can see a huge gap up materialisning in the not too distant future. this is getting ridiculous. only question is will it be 1.. 2.. 5 or 10 dollars?

Thu, 01/17/2013 - 19:48 | 3164439 MillionDollarBoner_
MillionDollarBoner_'s picture

I guess you could call Blythe and ask her...

Thu, 01/17/2013 - 21:33 | 3164799 espirit
espirit's picture

Probably a wet dream on my part that spot would head back to $27 before the sheeples woke up.

Needed to replace what I lost in that last "boating accident".

Thu, 01/17/2013 - 19:47 | 3164435 Water Is Wet
Water Is Wet's picture

And yet the demand does not affect the price.

Thu, 01/17/2013 - 19:51 | 3164454 Xibalba
Xibalba's picture

Strong Dollar Policy.....ie.  short metals for CONfidence

Thu, 01/17/2013 - 19:52 | 3164462 Clint Liquor
Clint Liquor's picture

Supply and demand of Silver will be meaningless as long as the demand can be met with ink and tree pulp.

Thu, 01/17/2013 - 20:54 | 3164683 francis_sawyer
francis_sawyer's picture

Cotton...

Thu, 01/17/2013 - 21:34 | 3164804 espirit
espirit's picture

Booze, blades, and boolits.

Fri, 01/18/2013 - 00:12 | 3165215 willwork4food
willwork4food's picture

What about blonds?

Thu, 01/17/2013 - 22:17 | 3164941 ZeroAvatar
ZeroAvatar's picture

Sure it does.........the higher the demand, the lower it's manipulated.

Thu, 01/17/2013 - 19:48 | 3164441 knukles
knukles's picture

They could always use up any left over tungsten blanks they ordered back in the 60's...

Thu, 01/17/2013 - 19:49 | 3164444 caimen garou
caimen garou's picture

 they are getting a clue, would'nt you say benny?

Thu, 01/17/2013 - 19:52 | 3164461 MillionDollarBoner_
Thu, 01/17/2013 - 19:51 | 3164448 erg
erg's picture

Force majeure, force majeure.

Thu, 01/17/2013 - 22:20 | 3164954 Matt
Matt's picture

"The silver shortage is a direct result of Superstorm Sandy. As a result, the CME is declaring Force Majeure" - A public announcement you may hear soon.

Thu, 01/17/2013 - 19:51 | 3164453 nmewn
nmewn's picture

Ha haaa!!!

Fri, 01/18/2013 - 00:34 | 3165244 erg
erg's picture

Caught red-handed. That was my impression of your post. I'm not sure why it garnered so many down-votes.

Thu, 01/17/2013 - 19:51 | 3164458 DowTheorist
DowTheorist's picture

Furthermore, today a minor bullish accomplishment was made by the precious metal. Gold confirmed silver's breakout of the Jan 2 highs. While this does not turn the primary trend bullish, at least, provides a glimpse of hope for those trusting the precious metals. More details and chart here:

 

http://www.dowtheoryinvestment.com/2013/01/dow-theory-update-for-jan-17-...

 

Thu, 01/17/2013 - 19:54 | 3164474 jonjon831983
jonjon831983's picture

Can I haz some? :(

Thu, 01/17/2013 - 19:54 | 3164475 Divine Wind
Divine Wind's picture

 

 

Eric Sprott has been saying this was coming.

Thu, 01/17/2013 - 20:03 | 3164510 CompassionateFascist
CompassionateFascist's picture

I'm out for awhile. Shoertly before PonziCollapse, I think the Oligarchs will beat silver down into the low 20s. Then It'll go to 3 digits in a matter of days. Or hours. 

Thu, 01/17/2013 - 20:37 | 3164637 SmallerGovNow2
SmallerGovNow2's picture

If it goes that low, no dealers will sell physical at that price, and that is when you know physical and paper prices have decoupled...

Thu, 01/17/2013 - 20:56 | 3164686 francis_sawyer
francis_sawyer's picture

I couldn't find dealers to sell it when it hit $26 last year...

Thu, 01/17/2013 - 21:50 | 3164855 WmMcK
WmMcK's picture

Only the big LCS's had any and they wanted taxes or delivery charges and too much personal info.
I prefer cash and carry (and anonymity).
Got some that way at $28 -- in the long run that's better.

Thu, 01/17/2013 - 22:14 | 3164929 francis_sawyer
francis_sawyer's picture

Yup ~ The place I go, they just hand you a receipt, smile at you knowingly & say you can write any name on it you want... Then they rubber stamp it PAID & xerox a copy...

~~~

I always write 'Blythe Masters' on the receipt... [thinking about adding 'Cmdr.' to that]...

Thu, 01/17/2013 - 21:05 | 3164713 Papasmurf
Papasmurf's picture

If it goes that low, no dealers will sell physical at that price, and that is when you know physical and paper prices have decoupled...

That's why usmint.gov is out.  They will have more when the price rises.

Thu, 01/17/2013 - 21:48 | 3164850 new game
new game's picture

Papa

that sums it up

when paper bull shit price catches a bid to street cost/value of silver

ok, what is that? 34-35/0z with coins at 38 retail

maybe more; 40 ish spot.

soon coming the phys equilibrium of bid/ask phys.

plain and fucking simple;

so blythe-suck my dirty unshowered for 3 day cock...

Thu, 01/17/2013 - 20:44 | 3164660 americanspirit
americanspirit's picture

The oligarchs power only works when society is stable and the people are asleep. I think we are very much overestimating their power to keep the lid on in the near future. If none of us remember the French revolution, they all do. There isn't an oligarchical family that didn't lose a lot of heads in that one. Madame LaFarge - come on down!

Thu, 01/17/2013 - 21:48 | 3164820 AgAu_man
AgAu_man's picture

The Oli's (TPTB/TBTF/TBTJ) will think and scheme a bit like Sun Tsu: They will be Strategic and Tactical.  Let's play the OLI game...

1. Strategic Goal = Buy up max supply of Phyz AG -- just prior to major Currency Reset that 'we' control.

2. Beat down AG prices:  Use fiat (that costs us nothing) and apply to Options, to drive down AG price for private buy.

3. Buy move: Execute pre-placed Buy orders for Phyz, via 'friends' at Minting houses, which are also run by 'friends'.  People of similar worldview as 'us': A world By, For the Oli's.

4. Lock Out move:  Having bought up and pre-ordered Phyz for several weeks out, Joe Public is locked out.

5. Do Currency Reset:  While Joe Public is locked out, the real geometric price moves upward happen.  Moves that lead to a currency reset.

6. After 'Currency Reset':  Sell AG phyz for new currency, and buy stuff left, right and center.

Screwed you again, sheep!  Baaah.

7. Start new currency cyle over.  Sheep won't remember from 40-60 years ago.  If it's not a sports score, they won't remember from 4 years ago.

Thu, 01/17/2013 - 20:00 | 3164493 balz
balz's picture

It feels good.

Thu, 01/17/2013 - 21:08 | 3164723 Goldilocks
Goldilocks's picture

Jesus Jones - Right Here Right Now
http://www.youtube.com/watch?v=7z6dxQVhE8o (3:08)

Thu, 01/17/2013 - 19:59 | 3164496 joego1
joego1's picture

Its anything silver for me. Industrial silver as shot weighs out to whatever the bill is.

Thu, 01/17/2013 - 20:09 | 3164499 Banksters
Banksters's picture

There is a very good explanation why bankercocksuckers, oops, did I say a dirty word, don't want us to have precious metal money.

IT COSTS TOO MUCH!

 

Now take  your cladded zinc coins and go and buy some malt balls.

Thu, 01/17/2013 - 20:02 | 3164504 Dr. Sandi
Dr. Sandi's picture

Hold onto your silver bullion. It's the only way to stop werewolves.

And as any movie goer knows, once the zombies are unleashed, the werewolves are never far behind.

Thu, 01/17/2013 - 20:07 | 3164521 Serfs Up
Serfs Up's picture

What?

Does this news imply that price and demand have some sort of a relationship?

That is totally unacceptable to TPTB.

Please recind said relationship ASAP.

KBYTHX. 

Thu, 01/17/2013 - 20:10 | 3164524 q99x2
q99x2's picture

 

Looks like nearly $40 bucks a pop on EBAY WoooHoooo up 35% in less than 6 months.

Seller : 
apmex (11311 )      99.8% Positive feedback Save this seller 

| 
See other items  | Visit store:  APMEX Item condition: -- Quantity:  More than 10 available / 22 sold Price: US $39.94

 

Thu, 01/17/2013 - 21:46 | 3164843 WmMcK
WmMcK's picture

Thanks for the link. My boys love the Lunar Dragons.

Thu, 01/17/2013 - 21:01 | 3164526 Yen Cross
Yen Cross's picture

 I'm trading risk FX in small markets right now. It's looking pretty toppy.

I suspect some long covering is coming before ( 4:00 p.m.  Eastern Standard Time)< 

  BTFD. Thanks for the ~

Thu, 01/17/2013 - 20:09 | 3164532 Silvergood
Silvergood's picture

Start buying 90% silver and other coins while you can.  Silver will outperform gold, especially from the current levels around $31.00. 

Get them before its too late!!

Thu, 01/17/2013 - 20:33 | 3164614 Manipuflation
Manipuflation's picture

Good advice Sir.  I have been there and have done that and wish I would have done more.(don't we all)  It should be noted that one has to pick through a bag of junk to isolate any silver that gets the black spots(oxidation from sulfur) on it.  Silver with black spots goes in the sell box and is quarantined until the price rises enough to sell.  Dump that junk and buy new then rinse and repeat. 

I am seeing a floor here on silver prices and I have been at this shit since 1999.  The premiums on dimes is fucking absurd these days is it not?

Thu, 01/17/2013 - 21:58 | 3164885 new game
new game's picture

been reading/hearing/seeing the buy and to da moon shit for waaaaay da f too long.

but, for some odd reason, this time we may never see 30 again

like when gold blew thru 900

so there you have - i'm out on a limbo and wouldn't ya know it-

crack and down i gooooo...hehe haha

(i truely have no idea when it will go to wherever)

but it will be the best thing you did with your fiat in hind sight, where ever the fiat based price discovers b/4 it (the fiat)

becomes worthless...

Thu, 01/17/2013 - 21:55 | 3164867 samsara
samsara's picture

I fondly remember trading green paper for it when it was $7.

Tried to get everyone I knew to buy Au/Ag  (Au was $400)

EVERYBODY,  I mean EVERYBODY thought it was a crazy idea.

CASH IN THE 401K  said I,  Pay your pound of Flesh in the tax(to Caesar) , TAKE IT OFF THE TABLE  said I. 

So it don't exist anymore on electronic records...

Also sold my house in late 2004,  Timing I guess is everything as they say.

 

Thu, 01/17/2013 - 22:06 | 3164907 new game
new game's picture

sam, tell me it aint true- beam me back to then, as i did everything wrong

no gold, a macmansion and now 12k/yr vs 175k back then.

lifes leasons - priceles(well maybe).

value is in the future!

 

Fri, 01/18/2013 - 00:39 | 3165254 willwork4food
willwork4food's picture

Don't feel bad my friend, I'm right there with you...as many of us here on ZH are, looking for answers...ideas and eating humble pie. Which by the way, tastes like shit. But I hear it's good for you.

Fri, 01/18/2013 - 03:01 | 3165433 Intoxicologist
Intoxicologist's picture

I look at it this way.  The less I make, the less that goes to the taxman.  Humble abode with some land and I ditched my expensive rides for wrenchers that are paid for and easy to fix.  My W2's look shameful, but I want for nothing.  My property taxes are due at the end of the month, but I think I'll wait until October or November, like last year, to pay them.  Due date, schmue date.  They can wait. 

Thu, 01/17/2013 - 20:10 | 3164536 Manipuflation
Manipuflation's picture

This 2008 "we don't have any metal" shit again?  You can't seem to get these Gangnam Style cars either without a waiting period.

https://www.hyundaiusa.com/build-your-hyundai/?vehicle=genesis-coupe&year=2013&leadtype=5&k_clickid=59b5e585-8827-1209-0a2e-00001e5fec6b&cid=sem_google

I used to only buy American because I thought I was helping our economy.  On an economic whim, I bought a Hyundai to add to fleet last September and now it is pretty much all I drive. 

It would appear that the Hyundai Genesis R-Spec has enough room to throw a bunch of "assault rifles" with 30 round clips in the trunk along with some extra cases of ammo while still having four doors so as to facilitate hauling my family around when not in paramilitary mode.  I'm not an E-class kind of guy...the cops know about the E-class.

How many HP was that engine again?  I would love to test drive one of them to see how it hooks up when the pedal is to the medal.  Alas, none to be found anywhere near my location.

Thu, 01/17/2013 - 20:10 | 3164537 grekko
grekko's picture

then End Game is near!  buy now, before it gets really expensive to to protect your buying ower.

 

Thu, 01/17/2013 - 20:14 | 3164544 fuu
fuu's picture

Half a million oz shy of a new record January. I am sure those 10 days wouldn't have added to the total at all.

Any bets on how many get sold on 1/28/13?

Thu, 01/17/2013 - 20:21 | 3164572 Yen Cross
Yen Cross's picture

Well done fuu.

Thu, 01/17/2013 - 20:14 | 3164545 howenlink
howenlink's picture

I bet beans will be on backorder next week.

Thu, 01/17/2013 - 20:14 | 3164551 e_goldstein
e_goldstein's picture

"Close your eyes and think of England," Blythe.

You're about to get it good and hard.

 

Thu, 01/17/2013 - 20:15 | 3164553 lieto
lieto's picture

It should be interesting to see if the mint actually resumes sales or if we are further along into the shit storm than I thought. I am personally hoping TPTB can hold it together for a while longer so I can stack more before no phys is available to buy with fiat (toilet) paper.

Thu, 01/17/2013 - 21:37 | 3164802 francis_sawyer
francis_sawyer's picture

You just raised Crockett's blood pressure 10 clicks by calling it fiat (toilet) paper... He's about to have an aneurysm... He's gonna be like that dude on 'Scanners'... Watch it folks ~ He's about to blow!... LOL

Thu, 01/17/2013 - 23:03 | 3165069 AssFire
AssFire's picture

You know he's not coming back because you talk too much shit about his people... He hated me before he hated you; but you took it to a whole new level. Nice job!

Thu, 01/17/2013 - 23:48 | 3165165 francis_sawyer
francis_sawyer's picture

Just to be clear... I don't talk shit about 'his people'...

~~~

I talk shit about the PAPER DEBT MONEY SYSTEM that his [so called] 'people' seem to have a franchise on printing out of thin air [along with strategically & cleverly placed heirarchies which possess the capacity to organize PROPAGANDA to hide the theft]...

Fri, 01/18/2013 - 01:21 | 3165321 Yen Cross
Yen Cross's picture

 Respectfully/ Assfire is correct. You do talk a lot of shit. You talk some good shit though.

    Assfire is Correct

Thu, 01/17/2013 - 20:16 | 3164554 FreeMktFisherMN
FreeMktFisherMN's picture

Apmex is always slow and Provident Metals has a big message atop their page about having tons of orders/having to hire more people. I think the divergence between phyzz and paper is seriously gaining momentum. 

Thu, 01/17/2013 - 20:32 | 3164612 SmallerGovNow2
SmallerGovNow2's picture

BINGO!

Thu, 01/17/2013 - 21:01 | 3164705 akak
akak's picture

To be honest, I am surprised and more than a bit puzzled that the US government even still mints gold and silver bullion coins.  One would think that being both overtly and covertly hostile to precious metal ownership, they would be doing everything in their power to avoid minting such coins.  And the same for every other Western government, particularly as there are no huge profits for them in making these coins in the first place.

I am certainly not saying that the US Mint should NOT be minting precious metal coinage, just wondering why they continue doing so when it would seem to run contrary to their own (sociopathic) interests.

Thu, 01/17/2013 - 21:11 | 3164732 FreeMktFisherMN
FreeMktFisherMN's picture

It is a good question. I know they get seigniorage, which as far as I know is just a premium received for minting.

 

But back to the shortages, just went on Provident and they're out of practically all ASEs  except for ones going for a lot more than spot. In Apmex you type in a big # of quantity desired, and it will interrupt you and say there are only like 20 left of this coin in stock. Especially those more rare/desired Canadian wildlifes. This leaves coin shop (not avl. for everyone) and then ebay, with huge premiums, as only viable options, so this is really playing out the divergence. 

Thu, 01/17/2013 - 21:21 | 3164760 Almost Solvent
Almost Solvent's picture

Stay frosty on E-Bay!

 

Unless it's a power seller with 9x% approval, you might be buying something other than what you think . . . 

Thu, 01/17/2013 - 21:47 | 3164830 francis_sawyer
francis_sawyer's picture

@akak

Half of it is that the "the Government" really doesn't have a clue... Let me put that into context...

I hardly think that someone even THOUGHT about it until the big run-up in 2011 caught everyone off guard... [&, of course, they were totally busy with the Bin Laden killing, right? right?]... You know ~ Like May 1st, 2011 when Ag was hitting $50...

Since then ~ they probaly think they were 'Masters of the Universe' once again and successfully put a lid on it... Just keep shorting paper markets... Piece of pie comrades... Easy as cake...

You know ~ Subprime is contained...

Thu, 01/17/2013 - 22:11 | 3164917 FreeMktFisherMN
FreeMktFisherMN's picture

Yep. I only buy from LCS dealers who sell on ebay, aside from early on in my stacking days buying some Littleton Coin Co. ASEs which are safe as they're in the case.

 

Thu, 01/17/2013 - 22:23 | 3164962 Agstacker
Agstacker's picture

However you may want to write to the seller if you win the auction and request certified mail even if it cost more.  I won 5 ounces of 90% silver and was rewarded with an open, empty package in my mailbox.  

Thu, 01/17/2013 - 23:13 | 3165093 FreeMktFisherMN
FreeMktFisherMN's picture

Yeah I'm sticking with Provident now unless I saw some great deal on ebay. Would like to get some platinum or palladium, but might just buy SWC stock instead. 

Fri, 01/18/2013 - 12:24 | 3166375 IrritableBowels
IrritableBowels's picture

FYI-I ordered 50 random dated Libertads from Provident last Wednesday the ninth, check was cashed Friday the 11th, and the order is still on hold.

 

Out of stock on the Libertads in one week.

Fri, 01/18/2013 - 09:40 | 3165747 Calculated_Risk
Calculated_Risk's picture

In order to get sellers protection they must send it signature confirmation (if paid with paypal must be verified address) at a minimum. They should have also insured it.

And if they package it badly it's just an inventation to get robbed.  The harder you make it to steal the less likely.. kinda like carrying a gun! ;)

Anyways, I just sold some gold and silver on ebay no problem.

Thu, 01/17/2013 - 21:45 | 3164821 moonstears
moonstears's picture

akak, there is money for the mint, make no mistake, when is the last time you sold an 3/4 ozt silver for $49+$12 to ship(and these have $24 metal currently)? That's the starting point.

Thu, 01/17/2013 - 21:42 | 3164826 WmMcK
WmMcK's picture

If the USG stopped minting PM coins it would be an implicit confession that they are indeed sociopathic.  Confession may be good for the soul but it's awful for the reputation.

Fri, 01/18/2013 - 01:55 | 3165362 AL_SWEARENGEN
AL_SWEARENGEN's picture

akak, it's simple really. The USG, FED, and (perhaps most of the world) will revert back and re-incorporate precious metals to act as stable money and buttress currencies as they always have.  Not because they want to,, why would they give up this fantastic monopoly they have on money!?   These cocksuckers will be FORCED to recognize gold & silver again because the fraud of paper money will not cast the sheeple's wool over their own eyes any longer.  They cannot stop the population from freely choosing a better money unless a shiny new EO is dictated.

Knowing this they choose to mint small numbers of various metal coinage to meet rising demand.  This quells questioning minds and satisfies metal hungry appetites of the few who have their eyes and ears open - for a while.  Eventually (soon?  now??) demand overwhelms supply and the 'currency reset' or the like takes place while the Fed Dollar takes it's place besides the Continental Dollar.  America will shift the blame of a devalued currency to oversea's 'speculators' similar to what Nixon did.   While at the same time pose pretty and say 'hey we offered millions of ounces to the public at great prices at the time, don't blame us'  Someone must take the blame for what is approaching and you can bet the US will not volunteer a confession.  And for all their devious defrauding of metal investors with the managed 'strong dollar' policies they've carried on with for so long now, I do appreciate buying their metal cheap these past years.

Thu, 01/17/2013 - 20:16 | 3164555 devo
devo's picture

Translation: they finally realized they might need those Eagles.

Thu, 01/17/2013 - 20:16 | 3164560 Lost Wages
Lost Wages's picture

DOEP.

Thu, 01/17/2013 - 20:18 | 3164562 Freddie
Freddie's picture

Silver, lead and brass. 

Molon Labe.

It is ALL going full retard - Hope & Change.

 

Thu, 01/17/2013 - 20:23 | 3164579 jimmytorpedo
jimmytorpedo's picture

Don't forget the still and tobacco seeds.

Thu, 01/17/2013 - 20:26 | 3164589 ShrNfr
ShrNfr's picture

Well, there are some seeds that "Mary Jane's Garden" sells that might be a bit better.

Thu, 01/17/2013 - 20:30 | 3164602 jimmytorpedo
jimmytorpedo's picture

That stuff is too easy to grow. Look at California.

Good tobacco and whiskey? 

That is craftsmanship at its finest.

Thu, 01/17/2013 - 20:23 | 3164581 Yen Cross
Yen Cross's picture

 Are we good? I agree with your post.

Thu, 01/17/2013 - 20:29 | 3164594 Ignorance is bliss
Ignorance is bliss's picture

Can't find guns, bullets or silver...what's next? Food? Looks like we are starting the "SHTF" moment. I blame bankers, oligarchs, Liberals, Piers Morgan, JPM, HSBC, Obamanomics, enemies of Joe and Jane six pack and sun activity. I even blame the 50% of the population that suck the Governmint TIT...ergo my financial cock. When ISON gets here then I'll really have something to blame.

Thu, 01/17/2013 - 20:33 | 3164615 Clowns on Acid
Clowns on Acid's picture

Germans want their gold back before US Treasury / Fed starts minting gold coins .....

Thu, 01/17/2013 - 20:40 | 3164629 IridiumRebel
IridiumRebel's picture

world to us on PMs.....

 

"Gimme back my fuckin' shit!"

 

Thu, 01/17/2013 - 20:37 | 3164639 FubarNation
FubarNation's picture

One word:

 

Maples

 

BTW I got plenty of '12's just before the EOY.

Thu, 01/17/2013 - 21:24 | 3164769 The Gooch
The Gooch's picture

no. two.

"junk".

Thu, 01/17/2013 - 21:45 | 3164839 e_goldstein
e_goldstein's picture

I love Maples. Before the boat accident I would fill the tub with my pm stash and take a bullion bath. Nothing quite like rubbing the queen's face over my scrotum and hairy ass-crack.

Now that's happiness.

Fri, 01/18/2013 - 00:15 | 3165218 New World Chaos
New World Chaos's picture

Enjoy it even more with SD's Slave Queen rounds

http://sdbullion.com/shop/silver/1-oz-silver-bullet-silver-shield-slave-...

Fri, 01/18/2013 - 01:06 | 3165300 willwork4food
willwork4food's picture

You guys are sick. But curiously, I'm jealous.

Thu, 01/17/2013 - 20:41 | 3164645 TrulyStupid
TrulyStupid's picture

When are any of the states going to start their own minting... Utah? Virginia?

Thu, 01/17/2013 - 20:46 | 3164664 sitenine
sitenine's picture

This is encouraging, but we really shouldn't get too excited over this yet. Who the fuck buys straight from the Treasury anyway? Dealers still have millions of these things on hand, and the mint will likely start handing them out again well before dealers run out. Sure, the price is going up, but seriously, that's going to happen anyway. Remember that patience is a PM investors best friend, but do make sure that you have yours before it's too late.

Thu, 01/17/2013 - 21:47 | 3164849 TN Jed
TN Jed's picture

Provident is now charging a $4 premium on monster boxes.  Tulving sold out.  Yeah, "millions" available for a rising premium.  Market be damned.  The game is changing as we type.

Thu, 01/17/2013 - 21:58 | 3164884 sitenine
sitenine's picture

Doug said it below, and he is correct. http://www.zerohedge.com/news/2013-01-17/us-mint-out-silver-coins-suspen... Don't go to two sites and then come out your mouth here with your "knowledge". It makes you look stupid.

Thu, 01/17/2013 - 22:13 | 3164924 TN Jed
TN Jed's picture

What the fuck are you yammering about and who is Doug?  Name one thing incorrect in my comment.  Premiums are going up because the source is off and the pipeline is being drained.  You disagree with this fact??  Find me a monster box for a normal $2.49 premium smartass.

Thu, 01/17/2013 - 23:53 | 3165046 sitenine
sitenine's picture

Yeah, they're getting more expensive. Both I and Doug Eberhardt said it (scroll down since you are too challenged to follow the link). It will likely not stay that way though. HOWEVER, and I already said this, eventually all physical will start pricing with a higher and higher premium. I'm just saying you should be patient, but whatever - you panic all you want - I don't give much of a shit either way.

[edit] and here's a link for a monster box at $2.99 over spot http://bullion.nwtmint.com/silver_americaneagle.php Is like 50 cent going to break you when the price is up or down that much on a daily basis anyway? Yeah, people with no patience piss me off. Frankly, I'd rather be talking to Yen Cross than continue this conversation.

Fri, 01/18/2013 - 10:01 | 3165806 Moe Howard
Moe Howard's picture

The famous for not shipping for months NWTM? Nobody but noobs purchase there, and only stupid noobs.

Fri, 01/18/2013 - 11:56 | 3166302 sitenine
sitenine's picture

Moe, how many times did I say patience above? I don't know why I bother to post on PM threads anyway - the bugs are just fucking irrational.

Thu, 01/17/2013 - 20:46 | 3164665 WhiteNight123129
WhiteNight123129's picture

Short treasuries and buy Gold, why the two feed on each other in a reflexive loop.  

You short treasuries  ==> that bring flow to push up the yield.

The Fed fights by buying bonds ==> that brings flow to push down the yield and Pushes GOld up

However at the same time the inflation expectation rise ==> the market reacts negatively to bond buying while inflation expectation rises at the same time. 

That brings more pressure on bonds. 

The fed has to buy more treasuries ==> that brings Gold higher.

However the additional printing while inflation expectation rises brings more people wary about the policy which is not view as fighting deflation but monetizing because inflation expectation rise at the same time.

the Fed has to buy more treasuries ==> that brings gold higher.

THIS IS A BOXED TRADE. CHECK MATE!!! 

Fri, 01/18/2013 - 00:12 | 3165213 scatterbrains
scatterbrains's picture

what happens to that theory when they double gasoline prices ?

Fri, 01/18/2013 - 01:32 | 3165339 willwork4food
willwork4food's picture

Precisely. I've only bought a pauper's stash and I'm the few that can afford it and still be able to (hope) to pay the bills. I'm wondering if their logic is when they raise bond rates, inflation goes bonkers then those with PMs will be selling to eat. Until they can't.

Fri, 01/18/2013 - 08:09 | 3165612 WhiteNight123129
WhiteNight123129's picture

You have two things, the short end and the long end.

The short end of the curve is to reward people with liquidity into no spending their cash with rates above inflation (Volcker).

The long end is actually a lot harder to control for the Fed. The long end it telling if we are into a deflationary cycle or inflationary cycle.

LOwer long term debt rates brings easy capital (Japanese companies paying nothing for a new plant). This brings excess capacity and lower prices... (FULLARTON 1844)

However when long interest rate rises, two things happen, if the liquidity on the short end is at very negative rate and long bond rate rise, this is kicking the corporation in teh balls telling them to spend their cash and borrow before it gets more expensive to do so. The higher cost of interest make costs higher for corporations, and kick idle cash out of bed.

Now if the inflationary expansion cycle brings more tax revenues than the increase in long bond rate costs, you have an inflate away deleveraging.

If the additional tax revenues are lower than the incremental cost of the sovereign debt, you have hyperinflation.

Either way, long Gold short treasuries you win.

 

Fri, 01/18/2013 - 08:02 | 3165600 WhiteNight123129
WhiteNight123129's picture

That is what I am aiming at, doubling price of gasoline is good for me.

Thu, 01/17/2013 - 20:46 | 3164668 Cult of Criminality
Cult of Criminality's picture

LOL on the sell out

Thu, 01/17/2013 - 20:47 | 3164670 Temporalist
Temporalist's picture

I'm sure that this will be another reason the "anal-ists" like Gartman will say that gold is a sell (look at the size of that thing!):

Australian amateur prospector finds massive gold nugget

"There's nothing like digging up money, it's good fun."

http://www.bbc.co.uk/news/world-asia-21055206#sa-ns_mchannel=rss&ns_sour...

Thu, 01/17/2013 - 20:52 | 3164680 blindman
blindman's picture

John Trudell, Crazy Horse - The Original Video
http://www.youtube.com/watch?v=Ku8ga-krBe4

Thu, 01/17/2013 - 20:53 | 3164682 Yen Cross
Yen Cross's picture

 Long {Al}... Long {Pt}...

Fri, 01/18/2013 - 01:52 | 3165360 DoChenRollingBearing
DoChenRollingBearing's picture

I'm with you Yen Cross, Pt is my second largest holding of PMs (by $ value).

Fri, 01/18/2013 - 04:29 | 3165486 Yen Cross
Yen Cross's picture

Thank You.

Thu, 01/17/2013 - 20:54 | 3164685 Manipuflation
Manipuflation's picture

I love my bullion but I also love my numismatics.  I try to collect Russia but it is impossible.  Yale seems to have a quite a few rare specimens and is worth the look.  Some of you will catch the meaning of the reverse of this coin.  Daytraders/gamblers/mouthpieces will likely miss the obvious.  Enjoy this silver coin et al.

 

http://www.library.yale.edu/slavic/coins/html/peter1/2001.87.305.html

Thu, 01/17/2013 - 20:58 | 3164696 Yen Cross
Yen Cross's picture

numismatics? That's rich...  You're implying "Day Traders" don't diversify?

Thu, 01/17/2013 - 21:26 | 3164778 Manipuflation
Manipuflation's picture

No offense meant to you Yen.  I know you trade FX and seem to be good at it.  All I am saying is that is that I like monetary antiquities.  The monetary history of the world has been preserved through coinage.  While you study bond markets and place your bets, I search for very small and valuable things that are easily transportable and unrecognizable to thieves.  I love the fact that you guys can kick the asses of the HFT algo's and that's why I read ZH.  I just have my own way of approaching things and sometimes it does not go off well here.  You must understand that FX is not the only to accumulate value or reach a conclusion on how monetary systems work.  I am not your enemy. 

 

And as far as FX goes, did you note what the reverse of the coin actually says?    

Thu, 01/17/2013 - 21:55 | 3164815 Yen Cross
Yen Cross's picture

No offence taken. "In God We Trust" ? Reversed. (latin isn't a dead language)?

 

 It's all price action. It's not about charts. Trading requires endless hours of dedication and discipline... I use moving averages for cross overs (weighted) I also use an oscillator called ( Fisher Yurik) that paints real time volume. I cross that with a (ZERO Lag macd).

   Rsi Isn't good at defining trends L/T. It's great at showing oversold/overbought on H-1-H-4. I need at least 3 signals before I trade. I know when to /CUT/ a losing trade!

    Discipline!

Thu, 01/17/2013 - 22:19 | 3164947 Manipuflation
Manipuflation's picture

Come Yen, you are better than that.  In 1725 the Russians switched to the "new ruble".  At the time, this ruble coin would have been the first machine made coin in Russia.  Previous to that, all Russian coins were stamped by hand vis-a-vis Roman style.  I see Russia as quite a powerful emerging market and they have penchant for their history.  Many Russians also have shitpiles of cash laying around that they do not know what to do with and I happen to know a few of them.  Are you connecting the dots young man or do you need me to give you a pencil?

I'm sorry, I should not have said that.  Hell, I could even go back and delete that but I won't.  Do you want to know why young man?  ZH is not about bragging about every trade that you have ever made that went north.  ZH needs intelligent young minds who are spot on accurate.  You are a smart kid but you pop off a little too much.  Me?  Most of the shit I say flies higher than the predator drones over people's heads and that is my fault.  Then again, I really don't care about green and red arrows.

You have some talent Yen.  I think that I can speak for a lot of us "elderly" ZH people here when I ask "Why don't you use it?".  But then again, no one is perfect after all and that includes myself.  Please consider. 

Thu, 01/17/2013 - 23:01 | 3165009 Yen Cross
Yen Cross's picture

 My P/L says I am. Have fun with your "quasi" new "proletariat"/"proletariat( Ad hoc) Self serving Dialect.

   I disected your post and wound up with a perplexing question. You are (ground zero), and divisive or  You're testing me?

  Doesn't matter. Man/Ibefore E/except after C/pull/crap!

   You Write trash/ and I trade. ... Ex; How would you position yourself 5 hours from now? Oh wait , you're looking for trading tips , whilst sipping (Arribica) on the Bull! 

 Yes you pissed me off. Happy Now?

Thu, 01/17/2013 - 23:24 | 3165107 Manipuflation
Manipuflation's picture

No, in 12 hours I get to "position" myself in front of the Russian Consulate from Seattle which is something you have never done.  I am establishing double citizenship for my children and I really don't have any time for this bullshit to be honest I have to provide my children with an option.

No Sir, I do not need any of your trading tips.  What are you trying to do?  Start a financial blog of your own?  Well, fuck sakes, go get a domain on godaddy.  I would go with you.  I have a blog page of my own where I post shit when I think I know it all.  It's a humbling experience when you think you know it all, post it online, and it blows up in your face.

I'm glad your P/L is positive.  So is mine.  And I really don't care if I pissed you off FYI.  You do not intimidate me one bit Yen Cross. 

Dialect?LOL  No, I think you meant dialectic.

http://en.wikipedia.org/wiki/Dialectic

Thu, 01/17/2013 - 23:03 | 3165067 Manipuflation
Manipuflation's picture

I see that you have modified your post Yen.

"Trading requires endless hours of dedication and discipline."

Are you assuming that I do not look at charts?  Do you think that I do not understand because I do not post semi-clever 140 characters or less, twitteresque, trite replies every five minutes on ZH all day long? 

I'm not saying you can't trade.  I hope you kick ass and take names.  I was an alpha male once a upon a time.  American pussy was not good enough for me.  I thought I could conquer the world.  Well, in some ways I did and in some ways I did not.  Pussy "over there" is as much as a problem as domestic pussy is at home.

I didn't make the rules.

Thu, 01/17/2013 - 23:24 | 3165095 Yen Cross
Yen Cross's picture

 Golf Clap. I can dissect your life. You are troubled with your Mother, and she expects moar from you? Am I wrong?

  Youy father is "Non Existent", and has some (Significant other in his life?)Am I wrong? 

 Focus on building, not understanding! Use your noodle to build "New Ideas"

Thu, 01/17/2013 - 23:28 | 3165117 Manipuflation
Manipuflation's picture

Really?  My Mother died last year and I set her headstone myself.  Dad died when I was six months old.  Grandparents all dead.  Who do you think I rely on?  Who do you think my children rely on?  Huh?  Come on smart boy.

Thu, 01/17/2013 - 23:59 | 3165189 Yen Cross
Yen Cross's picture

  I asked you 3 posts ago. Apparently you can't add?  (one decade ago) ZERO HEDGE is about trading.\

  Your MBA thesus  Is boring.

Fri, 01/18/2013 - 00:11 | 3165209 Manipuflation
Manipuflation's picture

You appear to like making enemies.  I wonder how that will work out for you long term?  Best of luck on that business philosophy.

Fri, 01/18/2013 - 00:56 | 3165286 Yen Cross
Yen Cross's picture

I like enimies/ Enemys ( They target me, and I like that)  I'll take getting junked over being a pussy {MBA} any day.

Fri, 01/18/2013 - 05:52 | 3165443 Yen Cross
Yen Cross's picture

 I like you. I appreciate your gentile approach to denial. You have ZERO understanding of Equity markets, and run from questions and answers pertaining to the subject.

 What I find even more puzzling, is your lack of participation when being questioned? Certainly a child of your stature is able to opine. You manufacture ideas, when yet you have no understanding of trading , in a marketable way. You are a charlatan, punk, and nothing more.

  I challange you to show me your trding prowess. The quorum knows I can read a chart. They might not agree with me, but they know I can read a chart. I'm sequestering you to do the same. 

  You pick the chart and I'll read it with you.  Manipuflation I'm not being punctual.  

    Give me a chart  (toilet flushes) and I'll debate you.

Fri, 01/18/2013 - 00:03 | 3164798 Yen Cross
Yen Cross's picture

Perhaps you should study ( tradingf jargon)?  Numismatics> defined. In Theory you are correct, and you are investing in an appropriate way. (sort of)

  I think you are biased, because you have a part/time job? I purposely mispell/ To wake people up!

  Get up Bitchez     You all junk me,Tall Hats no Cattle!

Thu, 01/17/2013 - 21:36 | 3164810 WmMcK
WmMcK's picture

The Russian Pt coins are especially nice.

Thu, 01/17/2013 - 22:42 | 3165008 Manipuflation
Manipuflation's picture

Agreed.  And scarce.  On .ru bullion I hold a large supply of the fugly Russian ballerina coins.  Paid $14 an ounce for them back in the day.  20K on that mintage.  Then you have the ever more scarce 1980 Moscow Olympics set and I have the other half it in MS-60+.  I would buy or sell on that group of coins depending on condition.  I also might trade for some 1920's soviet copper.:-)LOL

Thu, 01/17/2013 - 23:28 | 3165116 Yen Cross
Yen Cross's picture

Highly unlikely.  Are you kidding me? Moscow Olympics? 1920's Soviet Copper? J.R. yer messing with me/

Fri, 01/18/2013 - 00:02 | 3165194 Manipuflation
Manipuflation's picture

Go ahead and create your own blog Yen.  I will post on it.  I can bring you some Austrian web traffic and we can see how good you really are.  Fight Club is good.

Until you step up, you are dead to me.  Consider this debate concluded.

Fri, 01/18/2013 - 01:01 | 3165295 Yen Cross
Yen Cross's picture

 I'm perplexed. I'm amazed. I actually like you. 

   Manipuflation   I actually like you. The more you hate me, the more I like you.

Fri, 01/18/2013 - 01:04 | 3165299 akak
akak's picture

On a hunch, I suspect you are an aficionado of spanking and light bondage.

Am I right Y/C?

Fri, 01/18/2013 - 01:30 | 3165332 Yen Cross
Yen Cross's picture

 Yes/ I'm a glutton for punishment. Know your enemy. That participle will be dealt with soon.

Fri, 01/18/2013 - 01:51 | 3165358 willwork4food
willwork4food's picture

Umm, am I the only one that wishes he knew what the fuck you guys were fighting about?

Somehow I feel....irrelevant

Fri, 01/18/2013 - 02:16 | 3165387 Yen Cross
Yen Cross's picture

     I don't like { narcissistic head shrinkers}

Fri, 01/18/2013 - 04:31 | 3165487 Manipuflation
Manipuflation's picture

An astute obsevation akak.  YC?  Not sure about you boys yet.

Fri, 01/18/2013 - 04:27 | 3165484 Manipuflation
Manipuflation's picture

OK Yen Cross.  I like you too for some reason.  I have found that wasting time hating is pointless.  Hate is just a knee-jerk reaction.  You would have to work hard to earn my hatred.(central bankers)  Pretty much what I am is a complicated asshole and a no good son of a bitch.  Much like yourself I suppose.  I just don't buy and sell the same things you do is all.  Otherwise, please proceed. 

Oh yeah, I have just one request...could you possibly stop being such a fucking prick with your IQ?  We get it.  I mean that kindly of course. 

Fri, 01/18/2013 - 05:36 | 3165525 Yen Cross
Yen Cross's picture

 You still can't give me a chart!   A chart, any chart. Let's discuss ( VWAP) Let's discuss Earnings ( bell Weather trades)

 Give me something to work with.

Fri, 01/18/2013 - 04:18 | 3165480 MeelionDollerBogus
MeelionDollerBogus's picture

What's that say? Ruble coin - new price? I can only half uze teh internetz on this one.

 

Thu, 01/17/2013 - 20:56 | 3164687 machinegear
machinegear's picture

The US Mint could slow down sales by putting Obama's mug on the coin.

Thu, 01/17/2013 - 21:55 | 3164869 machineh
machineh's picture

... or stop them in their tracks by adding Michelle's billowing ass on the reverse.

Thu, 01/17/2013 - 20:55 | 3164688 Doug Eberhardt
Doug Eberhardt's picture

Gold dealers love to buy as many Silver Eagles as they can in January, take them over to PCGS NGC and get them slabbed MS 70 or MS 69 and sell them as "First Strike" or "Early Release" and sell them at a 35% or more markup compared to non-slabbed eagles. One needs to buy silver as close to spot as possible, but there is a reason why gold dealers advertise on Glenn Beck, Hannity, Levin, etc.,THEY CAN AFFORD TO by selling these highly marked up coins to those who call in because Glenn Beck or Sean Hannity told them to.   

Thu, 01/17/2013 - 22:15 | 3164934 Sean7k
Sean7k's picture

Then you can explain how they sold more coins in January 2012 and yet, never ran out?

 

Thu, 01/17/2013 - 22:28 | 3164980 Richard Head
Richard Head's picture

US Mint is over 6 million and it's still the middle of January.  Jan 2012 was 6.1 million if I recall.

Thu, 01/17/2013 - 22:19 | 3164942 TN Jed
TN Jed's picture

6 million slabs in 10 days?  Collector speculators bought out the Mint 10 days after the Mint suspended sales for 3 weeks huh. hahahahaha  You're suspect. 

Fri, 01/18/2013 - 13:02 | 3166544 Doug Eberhardt
Doug Eberhardt's picture

TN Jed, evidently you don't know how gold dealers do business. I happen to be a gold dealer, and do. Gold dealers are in the business to make as much profit as possible. So why not take a "early release" coin and buy as many as a dealer can and then turn it into a 35% profit rather than a 5% profit? Why is this so hard for you to understand?

Thu, 01/17/2013 - 20:56 | 3164693 SilverDoctors
SilverDoctors's picture

The SLV can get 18 million ounces overnight, but the US Mint can't obtain a million blanks to continue ASE sales for the next week apparently. 

This appears to be the start of 2008 style silver shortages.  Our suppliers for SDBullion are all sold out of 90% (even with premiums quadrupled over recent premiums, and our main supplier just doubled premiums on generic 1oz rounds as well.  Apparently the Bundesbank isn't the only one that wants their phyzz!

Thu, 01/17/2013 - 20:58 | 3164695 blindman
blindman's picture

america is the international banker's
greater reservation, see? there is the
meaning of your money.

Thu, 01/17/2013 - 20:58 | 3164698 phoolish
phoolish's picture

Recall in 2010 (or '09?) they didn't even produce proofs because they ran out of silver.

 

Of course, I suspect Hanky Paulson and the like got some specially made just for them.

 

 

Thu, 01/17/2013 - 21:00 | 3164703 joego1
joego1's picture

I can't wait till I can buy a house with a tube of eagles.

Thu, 01/17/2013 - 21:01 | 3164704 ljag
ljag's picture

Gotta monster box coming this weekend...2days prior to the promised ship date....go figger

Thu, 01/17/2013 - 21:07 | 3164720 Papasmurf
Papasmurf's picture

What is promised ship date?  And where do you live? Did you remember to turn in your rifles?

Fri, 01/18/2013 - 01:54 | 3165364 willwork4food
willwork4food's picture

Are you buying the beer?

Fri, 01/18/2013 - 08:23 | 3165624 francis_sawyer
francis_sawyer's picture

What's your favorite fishing hole?... Where do you like to water ski?...

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