Surge In Silver Demand Leaves U.S. Mint With No Eagle Silver Bullion Coins
OPA
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Per Kitco's News Bites
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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Underestimated projected sales. But they do have the silver to make more. Note the "bid premiums have also gone higher," another sign of strong demand at these prices.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That hasn't happened for awhile. I wonder if there's anything to it?
I knew it would happen.
Maybe JPM cleaned them out.
JP Morgan May Be Sitting On Almost 700 Million Ounces of Physical Silver
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
This years Ag chart.......
^
Yeeouuchh
It's all about what the people want...
Bought a monster box from a walk in the other day. $14 each.
Got the monster box of 2018s for $19.50 each, at the beginning of the year.
from weak hands to strong hands. good job.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I find that hard to believe !!!
Lots of bs.....spot down significantly thus year. ...no demand there!
Grasping at straws...
Here's a warning parable for coin collectors...
I see bid premiums are rising.
Knowledge is the enemy of fear
appears seller didn't seek bids, he was obviously in a hurry to cut his losses. Silver eagle premiums are the highest they have ever been, unless of course a desperate seller is involved.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I see there are ASEs on this very forum for $1.75 over. Have they not sold for $2.50 or even $3 over?
Knowledge is the enemy of fear
The desperate buyers far outnumber someone looking for a quick exit
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If the spot of silver goes down, but the premium goes up, then it still isn't a great deal. Gotta find the places where the premium stays reasonable and low.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
supply and demand determine premium. What are premiums for ASEs telling us right now?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Rising premiums in a declining market tells me that the sellers would rather not be selling.
I knew it would happen.
I think we had this discussion in 2011, 012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020....
Knowledge is the enemy of fear
And as always, you still don't get it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Agree. Yet the buyers are paying them.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
To some extend, but obviously not enough buyers are willing to do so. The continued downward spiral of silver is the proof.
Oversupply and not enough demand is still the norm.
downward spiral is a result of futures contracts, not physical sales. Spot price on the futures market (where one can short) determines the base price of physical silver. Over (unlimited) supply of paper silver (and shorts), is still the norm.
The fact that physical buyers are paying higher premiums and that the US Mint underestimated how many ASEs to have on the shelf indicates that physical demand has not suffered.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I think we had this discussion already in 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018......
Always looking for a scapegoat.
Knowledge is the enemy of fear
The lower prices go, the greater the chances COMEX will not be able to meet it's customers' growing demand for physical delivery. For this reason COMEX will develop an interest in higher prices.
Metal prices are currently affected by China's choice to weaken its currency. This tells us that metal prices are no longer fully dependent on dollar movement. This is the first step in physical metal breaking free from the influence of paper metal. Just maybe China wants to bankrupt COMEX.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Why are the bullion versions the only coin not available?
The other coins can't really be that much harder to produce when compared to bullion. Plus, the bullion prices are still very high when compared to spot silver. The U.S. mint sure loves promoting inflation. There must be some serious Keynesian's in their management department. The U.S. mint must be connected to the Fed, because they love pushing inflation. I can buy a silver bar for almost spot, so who cares if the mint doesn't want to sell bullion eagles. I would never buy anything from the mint. They are the coin equivalent of a new car dealership. The mint is a joke. Everybody on this forum should boycott buying straight from the mint, IMO. Plus, the $5 mandatory shipping fee. What a joke.
everything else is still on the shelf
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey