Re: 5 oz. Hockey Puck delays.............what are the odds that a silver shortage is responsible?

jmski52

The last we knew, the silver shortage had been resolved and the Mint felt comfortable enough to produce the 2010-W Proof ASEs.

Then we were told that the 5 oz. coin production started in October, albeit at a fairly slow and deliberate clip.

In the meantime, we keep hearing about how the CFTC is going to address the blatant manipulation of the paper silver market, but then they don't.

Now, I'm reading Jim Willie's recent comments on silver and as always, he's freaking me out.

I'm not the sharpest tack in the box, but I'm really beginning to wonder if we have a problem with physical silver supply here.

gsa1fan

I'm thinking we will see a lot better buy prices if there is a true shortage. Say for example ~ AMPEX paying + .10 cents over spot a oz..

JMO, but I'm thinking my example would be a true indicator of a shortage of physical silver.

1jester

Lack of supply is also a reliable indicator of a shortage, not only increased buy prices. That makes perfect sense. Anyone visit a communist country 25 years ago? Low prices everywhere, but nothing good to buy on the shelves.

gsa1fan

I just looked at AMPEX buy prices are spot up on most all silver~jmski52 looks like you may be onto something

renman95

THE PUCKS WILL BE RED HOT....if we ever see 'em.

carew4me

The authorization bill states that the initial 5 issues MUST be released THIS YEAR.
Mint is cutting it CLOSE.

jmski52

THE PUCKS WILL BE RED HOT....if we ever see 'em.

That will not be good news out on the hockey rink. They will melt the ice!

derryb

In about two weeks the mint will have an over abundance of silver with all of the ASE proof returns.

Buffalode

I think it was CoinWorld that reported a few months ago the Mint had ordered 500,000 blanks. Supposedly the Mint purchases the silver and then has it turned into blanks (at least for the silver Eagles). If they follow the same procedure with these they should have already had the silver months ago. A question on the legislation for these- I think it says they have to be sold this year, but I don't think it specifically says they have to be minted or distributed this year. Is there anything to prevent the Mint from taking orders but not actually shipping until after the beginning of 2011?

CaptHenway

The Mint orders the blanks pre-fabricated.

BigE

<< <i>In about two weeks the mint will have an over abundance of silver with all of the ASE proof returns. >>






How do you know they wont just fill later orders with them?-------------BigE

TrustNo1

There was a link on Drudge yesterday claiming a shortage if I remember correctly. edited to add: it hints at higher demand actually and increase in industrial use CNBC link

derryb

There is no shortage of silver. There is a shortage of good planning (silver blank procurement) at the mint.

HalfStrike

I think if the mint ordered only 500,000 blanks for 5 designs and that is it then there is the chance many of them are struck badly and discarded. That may be the holdup on these puckies, they don't have enough yet.