This page has been archived and commenting is disabled.
Sales Of Silver American Eagles Rise To Record High For Second Consecutive Year
One month ago, shortly after we reported that "Silver Coin Sales At US Mint Soar To Highest In Two Years" we learned that the "US Mint Sells Out Of Silver Eagles Following "Tremendous" Demand." That, however, did not prevent the mint from selling just about 5 million ounces in the period since the announcement, and as Reuters reported last week, "Strong investor demand lifted American Eagle Silver Bullion coin sales to a record for the second straight year, the U.S. Mint said on Tuesday."
Silver Bullion coin sales have reached 42.9 million coins so far this year, up from the previous record 42.7 million coins last year, the U.S. Mint said in a release. The coin sales on Dec. 8 reached 495,500, lifting them above the 2013 record, the Mint said.
Reuters added that "silver coin sales fell 40.8 percent in November to 3.43 million ounces" which perhaps was to be expected considering the Mint had just sold out of Eagles and the delay associated with coining more and putting them into inventory.
In any event, since the Reuters announcement, another half a million American Eagles have sold direct from the mint, and the total now stands at an even record-er 43.3 million ounces.
For those confused, it is clear that another year of record demand for physical silver explains why the price of silver is down 12.5% in 2014 after being down 36% last year. Why? Because as we said a month ago, "when it comes to precious metals, thanks to the BIS and the central banks, Paper beats Rock every time."
- 14736 reads
- Printer-friendly version
- Send to friend
- advertisements -



Stupid idiots. Buy something usefull, not just scrap metal to burry in a vault.
I offer spelling lessons at a rate of one Silver Eagle an hour if you're interested in buying something "usefull".
Nice, spelling comments. Seems i hit a nerve. How much did you loose in value with your silvery obsession over the past two years?
stackers haven't lost anything, ya fuckin' idiot. Stackers stack phyzz not as investment but as insurance against the inevitable destruction of fiat currency and their accumulated wealth and buying power.
What do you care anyway, right? You're obvioulsy highly edumacated. We're obviously not worthy of your highly developed Krugmann-esc insite and intellect.
But thanks for caring.
dooooooosh bag
Yep, i know. You had 10 silver coins two years ago and you still have 10 silver coins today, nothing is lost. And probably some food stamps i presume?
Food storage. Not food stamps. You're on the wrong forum, ya fuckin' idiot. You think you're talking smart shit as if you're on some left-tard forum.
You're seriously out of your element here, troll. Are you one of those gov-scums or just a wanna-be gov-scum trying to infiltrate?
Believe me...nothing you could ever state on this forum is going to make a dent. EVER.
Trolls like you have come and gone on here and you won't make any headway. You won't discourage anyone from their path or mindset. And you won't succeed in distracting the narrative of ZH.
You just won't. Plain and simple.
I normally don't feed the trolls, but in your ridiculous case I made a slight exception. But this is it and it's over, doooooosh bag.
Continue to act like a total fucking idiot on here all you want. But you may as well bash your empty skull against a wall, because you will not succeed on this forum.
Soo, you buy lots of metal and food just to bury it in the ground? Just in case the sky falls on your head? I guess government and big business loves guys like you.
Guns and Ammo, don't forget GUNS and AMMO.
Edit: For 3 and a half years here, you sure don't seem to have read much.
#41
Hey troll..
This is how insurance works.. I have a 1964 Washington quarter dollar (actually, I have more than one), many of them I have collected over the years at much lower prices than today's.
After a stop at the coin store I can take the proceeds, buy a gallon of gasoline and have enough left over for some candy.
There will come a day when my local gas station guy will be happy to redeem it directly for more than a single gallon of gas.
Have a nice day and don’t blow too many bankers and politicians.. they aren’t safe.
Wolferi
I never down v ote. But you are really stupid.
Indeed, dumbass. "Just in case": moar QE5, moar democrats, moar government control, moar police state, moar trillion doallar 'budgets', moar obamacare, moar idiotic citizenry like you.
Why does a cocksucking piece of shit like you care if people want to buy silver with their own money? Get back to fucking your whore mother up the ass the way she likes it.
his whore mother fucks his fag ass with her strap on.
Silver is second only to oil in number of industrial applications.
It is the most versatile metal on the planet.
Wolferl, why don't you take that bag off your head so we can see who you really are. Are you afraid it will cost you votes in the next election?
let's pour molten silver on your brain .
Lost nothing this last year, in fact my silver pile is growing faster than it has in years and that makes me smile. It may be true that I did not receive the kind of "profits" that penny stock trading high school kid millionaires did but then my children and grand children will not be stuck with the bill for "my Obsession".
To speak of Silver as useless scrap metal only displays your deep lack of understanding of what is useful. Silver is basically a miracle metal ,very finite, quite rare and being consumed at an ever increasing rate. The only reason that there is not a shortage of physical metal is because the worlds monetary stockpiles, which took centuries to accumulate, have been disposed of to the industrial interests in a matter of decades. That tide is changing simply because those stockpiles are GONE !
We can argue about "value" all day and achieve no new perspective on the subject. I look at it as a simple matter of market share. It would take the available "investment" Silver production of the entire world for a century at current rates which are not sustainable to cover just the market cap for Apple. All the available non industrial Silver for a 100 years just to buy one company in one country in one market !!!
Silver is perhaps the most undervalued asset on the planet right now.
Amen! Couldn't have said it better myself.
Silver For The People
Well, if a pile of silver makes you smile, why not? Got other things that make me smile, but hey, this is up to you alone.
Sucking cocks makes you smile
There will be a point in time when one of the only ways to obtain silver is to 'suck cock' as you so eloquently put it. Wolfer may as well get a lot of practice in that now, so he will be able to obtain PMs in the future when the $US is toast.
I probably "loosed" a bit.
I don't usually do this but...it's lose, not loose.
So your advice was to run toward the dollar in 2012 was it? Where the Feds stated policy of 2% dollar devaluation in 20 years would take 150 (2032 dollars) to purchase the same basket of goods?
“The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve’s mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public’s ability to make accurate longer-term economic and financial decisions.
On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling–a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.”
I can assure you, in twenty years silver and gold will purchase the very same basket of goods they always have, your dollar won't.
Does silver TODAY purchase the same basket of goods than 2 years ago? The answer is no, probably just half of it.
People buying silver has hit a nerve with you chimpish cocksucking trolls lol
A nerve? Seems to me he called out your IQ level.
Uh, that would be "lose" not loose.
The spelling nazi. Plus one anyhow. A peeve of mine is the irresponsible use of "irregardless". Now it seems to be a word that might be recognized and I disagree. What is next? I do not know. You can't even look for jobs without some sort of HR dept spelling error.
S/He who hass nevver miisspellt anything dawnvote now.
Yeah, the "spelling Nazi" excuse has always been popular but where does one draw the line? If millions are so freaking stupid that they can't learn the difference between lose and loose, its and it's or you're and your, maybe we do need to start wondering why. You can forget what English you know reading comments on Youtube.
I can't help but make the connection between his spelling and his absolute comments. He's convinced himself that is how "usefull" is spelled and if it's good enough for him, it has to be good enough for all of us. The same holds true about his views on silver.
I recently applied for a position with a small electric utility. The HR department misspelled the location of the company headquarters and her reply email contained numerous grammatical errors.
Perhaps a sarc tag would be 'usefull'
@Wolf: I believe "Burry" Is spelled with one R.
All the best,
Stupid Idiot.
He's an angry retarded government chimp lol
Like bullets to protect my Eagles? Good idea...I like the way you think.
Yea of course I always like to buy a little of that unuseful shiney stuff every once in a while.
However, the way things are going my last investment was a Vietnam era USMC Marine corp issue fiughting knife and a case of vodka in fifths. Buying the knife was like a reunion with a long lost friend. for some strange reason I get the feeling they will be useful. And if Im wrong, with a case of Vodka, Ill still be way happy. lol
If you are going to get prepared you gotta cover all the bases. Its kinda hard to catch us old Jarheads offguard and unprepared.
totally right...
it's not like anyone on here has ever said to sell your house or take out massive loans to buy silver or gold when it was "higher". You stack in small amounts while the cartel slowly lowers the paper prices, therefore properly managing your dollar cost average while they destroy their own market and you stack more cheap phyzz!
At the same time, allocate the rest of your funds into other smart assets: land, guns, ammo, food storage, water filtration, hunging/fishing/camping gear, and yes, most definitely as you said, booze!
Buy cases of those small "airplane" bottles of booze and stash them away. They will most definitely be valuable as barter assets one day.
And even if we don't fall into a "road warrior" situation and somehow rebound before the SHTF, just having all these things stocked up will 100% become an inflation hedge as all things become more expensive.
We will have stockpiles that we bought cheap now to supplement the massively expensive "stuff" we'll have to pay for in the future.
And all the dooooooooosh bags who spout out crap like "you can't eat gold" can just eat shit then. Fuck 'em if they want to be so ignorant and worthless. :-)
Buy phyzz silver now. Keep stackin' it high and sleep well at night.
@welfurl
So whut wood yew rekumend we by thats usefull that we shoodent burry in a vault, smart guy?
And you're spelling is horrible. "Stupid" is actually spelled "stoooooopid". And I'm pritty shoor "scrap" is spelled with a "k". The "c" is silent. Shood be "sckrap".
I can't wait to here whut you think we shood by.
Doooooosh Bag
;-)
Well dickhead,if you buy a stock that you think will do good long term but it doesn't go up right away do you sell it or hold on ?
thanks cabal for the xmas present
Hard to believe so many people refer to gold and silver as being in "bear markets" right now.
Sad, pathetic and utterly ridiculous when you look at real physical worldwide demand for PM's.
Bear market pricing, bull market volume.
Absolutely shocking that a high value commodity sells more when the price is lower! Clearly they need to teach Krugman in gradeschool. /sarc
Oh BoP,when will you learn, it's paper demand that matters, nobody cares what the demand for the real stuff is -LOL.
Well, there's around 1 billion oz produced every year, and only about 600 million of those are needed for industrial demand, and that leaves a solid 400 million oz left for the investment community.
So if you figure that the investment/jewelry demand for silver in India, China and Europe and the rest of the world is around 0 (which it must be, otherwise why would price be so low?) that leaves a surplus of around 360 million oz. I would think this provides a pretty clear explanation why the price is below production cost - too much production. Best way to handle that is to lower the price, kind of like oil.
You forgot the /sarc.
I refuse to use /sarc.
Lots of silver jewelry being made, I believe, in Latin America, and southwest USA, and maybe in other places where silver is mined.
The real Al would
Do you recall seeing anything saying 'this is sarcasm by the way' in the writings of Huxley?
Well said. If you have to use it, either you have a communication problem or your faith in your reader's intelligence is pretty low...
400 million oz of available supply is about 2 grams of silver per world's capita. I think it's kind of safe to assume in the enviroment we're experiencing, that the rocket is about to detach from it's launching pad any day now.
And please don't tell me there's not existing enough of this most important monetary metal ever. It's just the central bank adjusted hologram that's fucked up at the moment. We are talking about remonetization, Bitchez!
"Well, there's around 1 billion oz produced every year, and only about 600 million of those are needed for industrial demand, and that leaves a solid 400 million oz left for the investment community. So if you figure that the investment/jewelry demand for silver in India, China and Europe and the rest of the world is around 0 (which it must be, otherwise why would price be so low?) that leaves a surplus of around 360 million oz. I would think this provides a pretty clear explanation why the price is below production cost - too much production. Best way to handle that is to lower the price, kind of like oil."
There's no way you can really be that stupid, so I'm just going to assume you are a liar. The Silver Institute states that for 2013 the figure is 800 million ounces mined, about 200 million recycled, and 1100 million in total demand. That leaves a supply DEFICIT of 100 million ounces. Investment demand is 250 million ounces and industrial use is 580 million ounces. Just those 2 together equal more silver than is mined in a year. 100 million ounces of silver costs 1.7 billion dollars at current prices. That amount of money is a ROUNDING ERROR of a ROUNDING ERROR! Who is paying you to lie about silver?
Silver For The People
You obviously missed the sarc. I thought it was quite clever. Maybe not MDB quality trolling, but not bad.
Actually, he made it clear that it wasn't sarcasm in the comment below it.
Huxley - wrong. your numbers suck. go back to your sources and recheck.
It seems that many are aware of the discontinuity between paper and physical and are stacking accordingly.
...and for the little people in the cheap seats, APMEX continues to send annual Holiday popcorn tins as a thank you to grateful stackers. :-)
Right now silver.com has Sunshine Mint Buffalo rounds for .79 over spot, whatever the quantity. Scoop it up!
SDBullion.com is another good low price/oz site. They deliver very fast, within 5 days right now. Shipping is 7.77 per order for your first 5 orders for now. But after you place your first 5 orders you will then be considered a "platinum" customer and all orders after that no matter what are just 6.95 flat rate. CC fee plus shipping charge is 3% of the total.
http://sdbullion.com/silver/generic-silver-rounds
And if you don't read and listen to SilverDoctors.com you're missing out. Excellent website for info and bullion.
Happy Holidays.
This was not a paid announcement. hahaha Just my usual phyzz stacking helpful hints.
Best deals though are to go out in your town and find a local coin shop and find out what they can provide for you in terms of phyzz. Get to know them and hopefully you'll end up with better deals so that you don't have to order off the 'ol interwebs with shipping and CC charges.
BUt for those who don't have a good LCS this is why I recommend SDBullion at this time. BUt there are certainly other sites on the interwebs as well.
The 777 should tell you enough to do business elsewhere
Silver Eagles are going for $50 a pop at the US mint.
http://catalog.usmint.gov/american-eagle-2014-one-ounce-silver-proof-coin-ES1.html?cgid=silver-coins#_ga=1.242485314.1703810693.1418586891&start=1
So whatever the fuck this $17 dollar shit is all about can go fuck itself.
And here's this stupid fucking thing for $3 less.
http://catalog.usmint.gov/civil-rights-act-of-1964-uncirculated-2014-silver-dollar-CR2.html?cgid=silver-coins#_ga=1.242485314.1703810693.1418586891&start=1
When you buy coinage there is an artistic/collectors premium attached to it. 1 oz silver bullion is available for a much smaller premium.
@One And Only - The first link is for PROOF Silver Eagles, thus the premium. Still a pretty high premium, but there always is a premium for proof coins, the ultimate in pristine unblemished collector coins.
The second coin, which you very aptly described as a "stupid fucking thing" is truly a stupid fucking thing and anyone plopping down $49 for one of them is also a pretty stupid fucking thing.
Those are "proof" certified ASE's. NOBODY should buy those. They have no numi value and they're just silver. Nothing special. Buy the cheapest silver you can find, plain and simple. Buffaloes are still the way to go, especially the Sunshine Mint Buffs because they're universally recognized, the most popular generic round, and Sunshine Mint is who supplies the U.S. Mint with the blanks for the ASE's, so everyone will know that the Sunshine Mint Buffs are for real.
Never get sucked into buying those proof certified ASE's. Just a scam. Silver IS Silver. You can think one coin or round is "prettier" or more special than another, and obviously for Morgan collectors that is certainly true.
But not matter what....hands down, silver is currently the most undervalued PM in history right now. Hands down...no disputing it. It's a fucking fact.
Buy it now for sure. Especially with the GSR still over 70:1
Could it go lower? YOU'RE FUCKING RIGHT IT COULD!!! It's a criminally manipulated paper market. Theoretically, they could drop it to ZERO with a computer keystroke.
But if they did it would become priceless. So, it's not going to go to zero.
The cartel is keeping it low around this range in order to slowly soak up their shorts in paper while quietly soaking up all the phyzz they can before the hedgies and sheep-tards figure out the real play.
After that, they will dump all their bullshit paper longs and drive the fiat price into the fucking stratrosphere to try and sucker all the prudent stackers into selling their phyzz for worthless fiat dollars.
THAT'S THE PLAY. DON'T FALL FOR IT. HOLD YOUR PHYZZ FOREVER AND NEVER SELL.
Simple.
well....never sell doesn't make any sense. (always jam tomorrow, never jam today, etc.)
as a stacker, i hold pms as i would very long term CDs. on the other hand, sometimes volatility can work the other way. a few years ago, silver rose very quickly to ~45, which was unwarranted for the market at the time, and w.r.t. the gold/silver ratio....not a good time to buy. nothing wrong with holding at such times, but as a speculation i sold about half my physical holdings. worked out well, have re-accumulated them all back at under 25 and then some. may do the same again at some point.
dollars....gold...silver...platinum....oil....uranium....wheat....corn..... they are all the stuff of civilization, and have relative worth that bounces around. best to buy the ones that are relatively cheap, sell any you are holding that are relatively expensive, and ignore the noise. oh yeah....avoid leverage.
(edit.... oh yeah #2..... premiums are lowest on 100 oz or 1000 oz bars, not on 1oz coins or rounds)
"never sell"....I'll clarify. Never sell your phyzz for fiat. It just goes to simple logic that the more "valuable" phyzz becomes in terms of fiat means the less valuable fiat is, right?
So I'll still hold to not "selling" phyzz for fiat. What I'm holding phyzz for is to either trade it for other highly valuable assets such as land, real estate, etc., or just don't trade it and hand it down to the next generation.
But selling your phyzz for fiat when they run fiat into the dirt and thinking you are "becoming rich" by selling your phyzz for billions, trillions, etc. of any fiat currency is just a huge ripoff.
All you have to do is look at what happened in Germany during the Weimar inflation.
Everyone owned gold back then because that was the real money. But once they started printing fiat like crazy people started selling their PM's thinking they were going to be "rich".
An ounce of gold that sold for 200 Marks one day then became "worth" 500 Marks the next day.
Then it was worth 1000 Marks, then 10,000 Marks, then 1,000,000 Marks, etc. It went parabolic as they continued to print more and more paper.
Those who sold their gold thinking they would become "rich" at one point quickly found out they were dirt poor and that all that paper was only worth a loaf of bread or had to be burned in their stoves for warmth.
At least all that paper served a very basic purpose for a little while as everyone was plunged into starvation and poverty.
How do you think it's going to go this time around when nearly everyone is locked into a digital monetary system?
Game over for those "folks".
Owning big stacks of phyzz along with all other essential survival supplies is going to be the only way for any of us to survive the great monetary reset so that we can make it to the other side relatively "safe".
Guns, ammo, food storage, water filtration, medical supplies, silver, gold, hunting/fishing/camping gear, etc. Is going to be the key to making it.
Edit: And another way not to sell by adding to your stack is to use these big swings in the GSR (gold silver ratio). With the current GSR over 70:1, obviously silver is the best straight up buy. And if you have cheap gold in your stack from years ago, then trading some gold in right now for fat stack of silver and only paying the small premium is the way to go.
Conversely, once silver skyrockets and the GSR plummets to 40, 30, 20, or even lower then trade your cheap silver in for gold (if anyone is willing at that point).
3 years ago I traded 70 ounces of silver for 2 ounce of gold. About a month ago I traded those same 2 ounces of gold in for over 142 ounces of silver. Just based on this insanely wide GSR spread when it hit 75:1.
That's how you add ounces to your stack by playing the GSR. Takes patience. But this is the time now to seriously buy as much phyzz silver as you can fit into your budget. Yes...back up the fucking truck.
When this shit swings around and the GSR starts to plummet, you will be able to trade your massivly cheap silver in for extremely valuable gold based in fiat curreny terms.
This does not mean you should sell your phyzz for fiat currency. It's just a measuring stick. Hell...by that point there's also a good chance that the ciminal paper market system will have gone into default and only the true phyzz market systems will be valuing our phyzz....at that point silver and gold might just be valued very so low...5:1, 2:1, or even 1:1 at some point.
In the years ahead silver is going to be valued higher than gold as it continues to be destroyed and more rare and harder to mine out of the ground. Silver could become the most valuable PM compared to gold or even Platinum, or on par with Platinum.
Never sell your silver for fiat. Never.
That's the next stage of the fiat Ponzi scheme. They will deflate their paper bullshit by so much that PM's will falsely look so "valuable" in terms of fiat that they hope to trick you into trading your phyzz for their paper.
10,000 dollars for an ounce of gold!!! YEEEEEAAAAAAAAAHHHHHHYYYYYYY. But not really. By then, that paper bullshit won't buy enough to live on for a month.
So back to my original preface: Don't just stack phyzz. Stack food, water, guns, ammo, buy some land or trade your phyzz for land, etc. etc. etc.
Work it smart and you just might make to the other side after they collapse the system.
As chance would have it, there's a coin dealer directly around the corner from the studio in which I'm currently working. I spied it the other day, never even knew it existed here in Santa Monica.
Tomorrow I'm going to do a little recon, and see if they're open to doing a GSR trade. I bought phyz Gold during the Obama psyop push in 2007 for $740.00 or so. I'd be interested to see what my silver haul would be. Hopefully they'll be interested in 1935 Swiss Gold Francs.
Selling Your Silver Explained - Office Series 4
I like maples, they are not that much more and easily recognizable and super pure.
Sales of Silver American Eagles rise to record high for 6th time over the last 7 years.
I started stacking when ag was $6 oz. I hit pawn shops and coin shops and for several years I was actually able to get 10oz bars for UNDER spot (the guy had only so much in them and was willing to "get rid of them". Ah! The good old days!
Drainage! Drainage, Eli, you boy. Drained dry. I'm so sorry.
I do the bookkeeping for a grocery store. We do a weekly money exchange at Chase bank where we get rolls of coins and other misc. amounts of bills. After going through the rolls, we received 14 rolls of silver quarters. Needless to say i swapped those out in a heartbeat.
People have no fucking clue how valuable silver is. Or, some 12 year old broke into Grandpa's stash and cashed them out.
Or a thirty year old with a 12 year old's brain.
just to clarify, if you don't mind...did you actually mean 14 full rolls of silver quarters? Or did you mean that you found 14 silver quarters within all the rolls you received?
I've done some half dollar mining at some of my local banks and only found 6 so far after probably trading for a few hundred dollars worth of halves.
I haven't tried for silver quarters yet, but if you actually got 14 full rolls worth of silver quarters I would not only be amazingly surprised but also seriously motivated to start hitting up all my local banks for quarters right now.
$140 worth, 14 full rolls. For as often as I have been exchanging money between my job and the bank, I've never seen this happen as I'm sure the banks catch it beforehand 99% of the time and steal it. Finding a single silver quarter in a roll is obviously more probable, but, like any other mining, it takes a lot of time and work to find the good stuff. Currently sitting at around $150 in silver coins due to stupid people. Found some mercury dimes and liberty quarters also, but they're too worn to be of significant value.
I'm currently on the lookout for mismatched serials on bills.
I occasionally did as a kid in the 1970's. Learned it from my grandpa who supposedly was a deacon in his church and went through the change from the collection plates at a back room in his church.
Friends of ours in the US take their kid to the bank and get various rolls of different denominations and have them go through them. They tell them what to look for from wheat pennies to silver nickels etc. They teach them them the value of what is real money. Apparently the kids have fun and call it treasure hunting
The banksters spys that have SA (suspicious activity) report quotas to fill for your new gestapo often ask questions. Cute how they call them SA (as in the German SA w/ leader fat slob pedo Ernst Rohm - you have your equivalent you just think he's a woman) periodically ask them why they are gettting so much change. They lie and say it is to support the homeland aka fatherland by teaching the kids to take small loans out from them and repay them. They told us the stupid banksters frequently reply what a wonderful idea it is
I'm quite amazed how much PM they find still in circulation after all these years including a AU silver half dollar. That must have come into circulation from someone who didn't know what they were doing
Most of the silver coinage you will find in circulation around these parts is actually the result of dumb teens spending the spoils of their latest b&e caper. A good friend of mine recovered a few of his stolen coins right down the street at the local convenience store. Silver dollars that were accepted at face value by the brain-dead counter person.
Nothing to see here. Werewolves are increasing in N. America thats all.
You know, once the elect few finish with their destruction of society, then the new order will be established, and there won't be room for any of us who tried to protect our meager share of the pie with real assets. That's the implication of the events of the last 7 years - not that silver and gold are worthless, but that we are all fucked anyway.
The only ultimate asset protection is semi-automatic high-velocity kinetic. FAR better than shiny lead.
They'll just drone you.
It seems that many are being awakened from the Matrix...choosing the Blue Pill.
Budget passed
Congress locked up our unwaivering devotion to the Lloyd
Abe's got a quorum to outprint the competition
What's stopping us from bouncing right back to new highs?
Gold for weddings, silver for bread.
Huge increase/More decrease in precious metal prices.
It is up to you fed.
Let's see if you fuckers can control your monster.
Don't you fools understand basic math? The US has a strong dollar over all other currencies Our currency has never been better. Our economy is on sound footing and is growing. The recession is over. Jobs have come back. Our deficits have never been lower. Obamacare has been an overwhelming success. I won't cum in your mouth.
You do realize I'm laughing my ass off while I'm typing this don't you?
Now I need a B&B after being reminded how fucked we are.
The Metal Militia rises.
best sarcasm ever HA HA HA :-)
Thats what they say on the TV
Beer and Bonghit?
The Metal Militia Rises - I like the way you think, and I like old Metallica too.
The saddest part of all of this is when trying in a straight forward honest way discuss these things with family and friends and it's just, "uh huh, that's very interesting. Oh look the movie I've seen 30 times is on again on teevee. Let's watch it again. Oh this is my favorite commercial."
Bet if you told them they had a crack in their foundation or a leak in the roof they'd listen to you.
Depressing.
That's around 800 million $. In other words, it's more or less nothing.
There seem to exist long range cyclical factors that influence silver prices. Based on such a model, silver prices may reach $21 in first quarter 2015, but there does not seem to be any indication of a major "lift-off" over the next year.
Investing by wishful thinking seems to characterize some, but not all, PM investors.
When my father started buying PM's gold was around $35.00 an onuce and silver was around $2.00. When I first started buying, I bought mostly silver at between $4.00 and $7.00. We both bought for the same reason... Insurance. Paper money comes and goes,has since it begining, it time it all reverts to zero. I will keep right on buying ins.
Could not care less what some buffoons think to the contrary.
Extremely high demand for gold, silver and other precious metals equals lower prices -- it's a new law of fiat economics in an upside down world!
(And yes, I'm buying physical anyway and will continue to do so. Fuck fiat.)
The Federal Reserve and ECB will keep print and buying their own debt.
keep stacking.
China and others are.
When the dollar is no longer the reserve currency and the petro dollar is gone is when it gets interesting.
Gold and Silver have some upside for the next several months...
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...
When government manipulates all markets and has changed the way they calculate inflation since the 1970's approx. twenty times, I'll keep buying silver,gold and platinum.Whenever I buy in fiat I just remind myself that before the Kenyan President Obuma leaves office the deficit will be 20 trillion.Anyone who badmouthes precious metals doesn't understand risk and is unaware of financial repression.Tell them to take a low life job at the richest corporation on earth(WalMart) and find out what modern day slavery in America is all about.
"when it comes to precious metals, thanks to the BIS and the central banks, Paper beats Rock every time."
Until it doesn't.
In the long game, rock always beats paper.
Yep, much better off in IRAs and 401ks than PMs. I hear they all have really taken off the last week or so. To the moon, Alice!
Is there a true benefit for paying a $4 or $5 premium in purchasing ASEs today insteand of paying say a $1.40 premium in buying generic silver ounces? Silver is silver right? By my reckoning, they both will have value, even if most all of it is sitting at the bottom of vast bodies of water thanks to all the boating incidents ZH'ers seem to have happen on a regular basis.
Went to my first estate sale this weekend.
Someone done fucked up pricing. Picked up 30oz silver dimes...for $50.
unfortunately the guy in front of me got the box of early us coins for $25. Like probabmy 100+ 19th century coins.
Still a good trip
Goven the reduction in price, this means silver sales are down. i. e. stackers are giving up or their income is down