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Silver Stackers Keep Stacking - Eagle Coin Sales Record High For Second Consecutive Year
Silver Eagle Coin Sales Very Robust - Record High For Second Consecutive Year
Silver bullion demand remains very robust as silver stackers continue to stack. 2014 has been another record-breaking year at the U.S. Mint which has sold 43.3 million silver eagle coins – up from 42.7 million coins last year.
Record demand in 2014 was seen despite the U.S. Mint running out of Silver Eagles early last month due to very high demand throughout October. As a consequence of this lack of supply, November sales of the coins were down 40.8% according to Reuters.
Silver prices fell 36% last year and, despite obvious shortages in the supply of physical silver, they have declined a further 12.5% this year. This demonstrates the degree to which naked shorting of the market - the selling of paper contracts for gold which the seller is not actually in possession of - is determining price of the physical metal.
Silver in USD - 5 Years (Thomson Reuters)
Why is it that demand is so high for an investment whose price is falling? For one, silver is a poor man’s gold. Working people with little disposable cash who are nervous about the condition of the global economy can hedge against instability, systemic risk and currency debasement by acquiring a small allocation of silver.
One ounce of silver is currently valued at $16.87. Whereas smaller gold bullion coins such as sovereigns are currently valued at around $283. This makes silver a more attractive and realistic option for a section of people in the western world who have seen their standards of living decimated in recent years.
Clearly, record demand for silver eagles shows a high level of anxiety and indeed fear regarding their financial well-being and that of their families.
Guide to Silver Eagles here
MARKET UPDATE
Today’s AM fix was USD 1,210.75, EUR 974.53 and GBP 772.41 per ounce.
Friday’s AM fix was USD 1,223.50, EUR 984.31 and GBP 779.15 per ounce.
Spot gold fell $3.00 or 0.25% to $1,222.10 per ounce Friday and silver slipped $0.04 or 0.24% to $17.01 per ounce. Gold climbed and silver soared last week - up 2.6% and 4.4% respectively.
Silver in USD - 1 Year (Thomson Reuters)
Gold fell 0.8% today on further speculation the U.S. Federal Reserve is moving closer to raising U.S. interest rates despite a mixed economic outlook. The Fed’s meeting starts tomorrow and is from December 16-17th.
Silver for immediate delivery declined 1% to $16.8605 an ounce in London, after rising in the past two weeks. Platinum slipped 0.8% to $1,220.44 an ounce. Palladium retreated 0.4% to $812.25 an ounce.
Gold futures and options for net long positions rose for a fourth week in the period to December 9, the longest stretch of increases since July, data showed.
Gold’s 2.5% gains last week were the most in two months and came as the dollar declined and global stocks tumbled amid a drop in energy prices.
Holdings in gold-backed exchange-traded products fell 1.5 metric tons to 1,611.3 tons as of Dec. 12, data from Bloomberg shows. They reached the lowest since 2009 on December 8th.
Asian shares were lower except for shares in China which bucked the trend. The Stoxx Europe 600 Index gained 0.5% this morning, for its first gain in six days. It slumped 5.8% last week on concerns about economic growth.
Greece’s ASE Index (ASE) climbed 2% and a rally in energy shares sent European stocks higher after their biggest weekly slump in three years. Standard & Poor’s 500 Index index futures climbed 0.8% before data that may highlight U.S. industrial production rose in November. The benchmark S&P lost 3.5% last week for biggest slump since May 2012.
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silver 15.77$ -4.79% on my screen
the stackers keep stacking. don't be smart, be dumb and sell. buy back silver @7$/oz
the trend is your friend.
I'd much rather trust a stash of silver than trust the Wall Street/Ivy League hyenas. These people have been assaulting us and looting the entire apparatus with HF Trading math bots, while ad agencies try to sell you the idea that your "retirement portfolio" should rest in their capable hands. Fucking fuck those ego-fueled motherfuckers.
What do you think is in their safes?
Who trusts the market with any type of honesty? I'm not smart enough to beat the liars. I understand silver in my hand. I'm too basic? Not risky enough? Should be chasing yield? Fuck that, I'll buy all the way down.
you think they faking any yet... when suppl to run out... maybe chips in them for later recollection ;-)
what you guys are you hoping for ?
cant you see there is a trend in PM prices, and the trend is down ????
silver performance, inflation adjusted over 35 years. -66%
thats what awaiting for you in the next 35 years, or rather in the next few years going at current pace
Maybe you can t understand what insurance means.
Gold and silver are insurance. You loose money if everything just go fine.
But if SHTF then you are protected. Do you have a car or a house? I m sure you can understand what insurance means little boy.
yes i have a car and a house, and no mortgage. i dont see what i need gold for.
as an insurance against everything going down, i have money in a bank overseas. what do i need gold for ??
if you're happy to spend premium for insurance buying gold, fine. but like all premiums, the return is more often than not -100% you lose everything
Silver performance = - 66% in 35 years inflation adj... gonna have me some of that.. coz it means 34% still there.. and when $ resets.. its going to zero so in a relative sense I'll have shot the moon...
- 66% in 35 years inflation adj... gonna have me some of that.. coz it means 34% still there.. and when $ resets.. its going to zero so in a relative sense I'll have shot the moon...
Since I'm a sucker
I bought the handle
All the way down.
Should've waited until now.
Stack On
stop playing with money you cant afford to lose and start to take care of your family
tradition is a good thing
glassblower took a box of work to local Oxford store
walked out with empty box and pocket full of silver
we have been doing this for many years now..
Silver in 1980 went for $50.00.
Due to inflation that same $50.00 then is $144.07 today.
That does not include the new uses to date and going forward.
Their are 195 countries + Taiwan currently of which 155 countries are signatories to the BRICS, all of which are stacking to the best of their financial ability.
Stackers are as safe as a baby in its Mothers arms.
http://www.usinflationcalculator.com/
conclusion: inflation adjusted, silver loses 2/3 of its value every 35 years.
you're being warned.
One might deduce the higher the ASE sales the worse the paper price... pretty nice correlation for 2 years now lol...
I made a spreadsheet a while back tallying all the silver dollars and gold currency minted pre 1933 and pre 1964 for comparison to population at those times and for comparison to total mintage of the legal tender Eagle series since 1986. I'm of the opinion that you are looking right at what will be the currency system post financial collapse/reset. The numbers now exceed what was available to the populations of those times.
Ergo, the ability is there to price and transact goods and services on a specie metric, along with having a growth of monetary base in the ~1.5% annual range.
What will probably happen is that the FRN "dollar" will end, with a revaluation of a large number of old FRNs being exchangeable for the gold or silver specie along with its paper equivalents (so you don't have to lug all that metal around... lather, rinse, repeat) along with the specie being able to discharge old FRN debts at that exchange rate. Somewhere in there will probably be a hefty tax or arbitrage for the Government to get some skim to keep the some sort of handout scheme going.
Note (food for thought) that between 2007 and 2008 (the latter being the year financial squirrely shit really took off) they changed the U in United States of America on the reverse of silver eagles to a lower case u, which, as I've always heard it commented on, was the identifying difference between the incorporated United States and the [several] united states of America.
I advocate silver….
“silver is a poor man’s gold.”
Has it dawned on anyone else poor people, well, stay poor??
'Silver poor mans gold', poor stay poor..
Not when you dam near get 75 ounces of the poor man stuff for every ounce of the 'big ego rollers' yellow stuff
.
This doesn't even look like bankster manipulation, it's a stacker conspiracy to help them stack faster. You can't sell something for 25% less than its cost of production forever.
basically silver is something nobody needs.
It would cost probably more to produce a FORD T today than a brand new Ford Mustang.
because you would have to invest in the machines to make the parts, use the original material, etc... to sell only a few of them, cause theyre just no demand for it.
So you have a situation where something is dumped, yet no production, or at high cost.
Same with silver, or gold. except on that case, theres a huge stack of silver or gold existing, which can be sold anytime, at the right price.
seems some people now feel they need hard $$ to buy stuff they need instead of stacking some piece of useless shining metal
"basically silver is something nobody needs"
Unless of course you manufacture solar panels, water purifiers, dental amalgams, mirrors, windows, electronics (97 oz per ton of IPhones), medical equipment, nuclear power plants, clothing and a host of other common items. I try not to feed the trolls, but exposing a few to sunlight from time to time is satisfying.
You're a fucking moron that can't even manage to hit the shift key at the start of a sentence and doesn't know the basics of punctuation. Study up son, get your GED and maybe McDonalds will hire you to take out the trash.
you're a fucking moron. if there was so much demand for silver, the price on your screen would be 140$, not 15$... youve bought on the way down,
and YOU are the FUCKING moron. The market is telling you something, but if you want to ignore what its saying to you, it will say it to you even louder, and its going to cost you even more money that it did so far.
Libor and forex were proven to be manipulated. That's a hint, understand? You point out a logical in an illogical, MANIPULATED market. We understand your confusion but choose to starve our kids to buy relics. Were the Cypriots, Greeks, Venezuelans and Argentina sorry to buy precious metals?
You own physical Silver right now and you don't even know it. The computer you are using would not function properly without silver. If you take your keyboard apart you'll find a silver plated plastic sheet that the keys press. If your mouse has buttons the contacts in those buttons are made of silver. The tiny conductors that connect silicon traces to the input and output pins of electronic chips are made of silver. No other material currently in the universe can replace silver in electronics. Without Silver electronic devices will not work. Currently more silver is ending up as e-waste in landfills than is being mined. This situation can't continue forever. Eventually the price of physical Silver must rise to the point that makes mining it from e-waste makes it profitable. That price is going to be thousands of times more than it is today.
wow, im so happy to own Silver. so thats why its so cheap. everybody already owns it and dont need those useless coins. theres silver everywhere
you're a total idiot, and your PL shows it.
if you had invested even a small portion of what you did invest in silver into stocks, you wouldnt be crying on this forum with your co-losers.
maybe it feels better to lose in herd ?
forget pm... invest in prarie land cowgirls
http://truenewsusa.blogspot.com/2014/10/banned-carls-jr-superbowl-commer...
Invest in Carls. It's brilliant and I'm sure they never intended to get it aired. It will go viral.
I need a napkin after watching that.
This year U.S. Mint which has sold 43.3 million silver eagle coins . at 17$ a piece ? thats 736,000,000 $ worth of metal.
how is exactly this going to influence the price of the metal market which is several 100x bigger ?
736,000,000$ is what is transacted on EURUSD in a few SECONDS if not LESS.
US MINT sales is a micro market, as relevant as BITCOIN, or some obscure NASDAQ penny stock
Silver down -4.70% today. The Mint wants to sell more but doesnt have enough mint machines !!!
Does the writer of this article, GoldCore, earn a commission on the sales of the product being written about?
yes theyre a broker pushing all naive readers to pile into Gold at 1900$, 1800$, 1700$, 1600$, 1500$, 1400$, 1300$, now 1200$
when it will be trading at 700$, it will still say
"smart investors are accumulating gold to prepare for the mega rally to 1050$; a 50% meteoric rise."...
be dumb, dont buy gold earning a good 0% while FED is raising interest rates, and you can earn soon 1% or 2% on a short-term UST...
its pissing against the wind. when the FED is done rising, and the price of gold much lower, reassess
the Dumb money is selling and the Dumb money is saying thanks to Goldchore "smart money"
Yes.
"The smart money is accumulating silver and gold when prices go down". now we have the reason why smart money is scarce... and scarcer... its vanishing as gold price goes down.
Ive told everybody here to NOT listen to Goldchore, hes a malevolent CROOK trying to fool greedy and naive investors
dont try to be smart, be DUMB sell your gold and buy it back at 700$. you'll be dumb but rich
jingle bells, jingle bells, jingle.......well you get the idea
The paperbugs will show up stomping their feet and shitting their pants that people are buying silver instead of putting their hard earned money into the ponzi stock market or buying 10 year bonds for 2% returns
It is because the administration is hostile to silver;
and thus it is surrendering this country to the Shylocks
of the Old World who have made war upon it.
- Richard Parks Bland
Can't beat zeros and ones on someone elses hard drives as a store of value!!!!
Unless you get hungry and need to eat some of your stores. Those electrons are filling, I hear.
Just wait until all the geniuses get educated, it will be interesting to see where dogma and fear will take us next.
"Genius without education is like silver in the mine."
-Benjamin Franklin
Well, at least anybody buying now is more likely to have the stamina to hold until people discover that 'fuck me, did you know we still NEED silver? And all the guys who produced it are out of business!?!' Of course, I'm betting a good chunk of the turnover right now is guys dumping the stuff they bought at 50 so they can pay their phone bill.
A simple question for the good people here- and sorry for slightly hijacking thread -
I've been buying silver lately in 100 oz. ingots..and I know I've been paying for 100 oz., and yet what I keep receiving is 100 troy oz. ingots (OPM and Canadian mint) , which is roughly - correct me if I'm wrong - 110 oz. What's the deal?! What am I not getting? I'm quite certain it's not a mistake on their part, so...any ideas?
Thanks for any reply!
No kidding, and they will get fucked in the end.
"It's just a flesh wound."
Personally, I would cancel my phone....
LOL. yeah, me too. The market got a little beat up today, but Silver never came anywhere near it's recent daily low of around $15.50/oz. Which I think, until I'm proved wrong, is the low for 2014-2015; accordingly I bought one Dec. '15 Contract today during the close of the globex, (the rest period), for $16.330. The near term contract recovered well, showed good buying, after the floor closed today. It just doesn't seem like good news / free lollypops for everyone kind of a week-month; season. There will probably be plenty of scary and unsettling developments.
the hedger who sold 1 dec'15 @16.33$ contract thanks you