If the U.S. Mint went back to only producing 5M ASE's/yr
piecesofme
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would that make Spot go up?
If so, to what value?
If not, why not?
Would it only affect the value (premium) of that years ASE and not the overall value of Spot?
Questions up for debate, what say you?
If so, to what value?
If not, why not?
Would it only affect the value (premium) of that years ASE and not the overall value of Spot?
Questions up for debate, what say you?
To forgive is to free a prisoner, and to discover that prisoner was you.
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What is nobody collected or stacked silver?
Also, I had no idea, that in past years the Mint limited productions to 5M, I was under the impression...minted to demand.
What I am saying/asking is what would happen to Spot if they scaled back to 5M/yr.. Sorry for the misunderstanding.
<< <i>I wasn't implying they were limited to 5M OPA, just going off of what they were produced at until about '98.
What I am saying/asking is what would happen to Spot if they scaled back to 5M/yr.. Sorry for the misunderstanding. >>
Spot would likely stay around the same, but the premium might go up.
"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 get that, but you're saying the 25M or so less oz's that would not be in the market (physically) would have no impact on Spot? I fully ( mostly would be more accurate) understand the difference in the paper/physical markets, but there being 25M less oz's year over year would have zero impact on Spot? That's hard for me to see how it wouldn't be.
I feel there's a direct connection in the ramping up in production of ASE's and the decline and now stagnation of the value of a physical oz of Silver.
<< <i>ASE demand has nothing to do with spot. Neither does physical demand for any silver product. The price you pay for physical silver is determined by paper speculators and a couple of paper price manipulators
I get that, but you're saying the 25M or so less oz's that would not be in the market (physically) would have no impact on Spot? I fully ( mostly would be more accurate) understand the difference in the paper/physical markets, but there being 25M less oz's year over year would have zero impact on Spot? That's hard for me to see how it wouldn't be.
I feel there's a direct connection in the ramping up in production of ASE's and the decline and now stagnation of the value of a physical oz of Silver. >>
It's an interesting question. Since the US Mint is not the only issuer of minted bullion, I think that the supply would find another way into the market to meet the demand. You wouldn't be restricting the silver from the market, you'd just be shutting off one conduit through which it flows. At least that is how I think it would shake out.
What would happen, or what would it cause to happen if from now on only 5M ASE's were minted each year, in effect, there would be 25M less oz's of physical silver in the marketplace and available for consumption by consumers?
Would this have any effect on the value of Spot?
<< <i>I guess I'm not asking the question clearly enough, so I'll try this way.
What would happen, or what would it cause to happen if from now on only 5M ASE's were minted each year, in effect, there would be 25M less oz's of physical silver in the marketplace and available for consumption by consumers?
Would this have any effect on the value of Spot? >>
<< <i>I guess I'm not asking the question clearly enough, so I'll try this way.
What would happen, or what would it cause to happen if from now on only 5M ASE's were minted each year, in effect, there would be 25M less oz's of physical silver in the marketplace and available for consumption by consumers?
Would this have any effect on the value of Spot? >>
We don't know for a fact that if the mint chose to limit ASEs to 5 million per year that the other 25 million ounces would not be put into the market. Either the the mint or some other entity would would just put that 25 million onces into the market as rounds, bars or special mint coins.
As an aside, is the silver market currently oversupplied, undersupplied or just about right in balance of supply with demand?
The abundance of the metal for collectible use has taken off and the Mint is certainly doing the right thing, for them. Just because the metal is available doesn't mean they have to make 25M more ASE's than what the market could get along without. There's always at least 2 ways to look at something.
That's all personal feeling stuff though, so getting back to the questions about what would happen if suddenly 25M less oz's of Metal were produced a year. The Mint doesn't produce them, other Mints dont make up the difference, nothing like that...there is suddenly 25M less oz's of Silver available to the market, for whatever reason...what happens to Spot, if anything?
please stop being so realistic and analytical about another Mint would make up the difference and so forth...it's a question asking as if, hypothetically, there are suddenly 25M less oz's of Silver to be produced over a period of years.
Ag is a Billion Oz a year metal across all verticals.
Loves me some shiny!
they'd be hyped, labelled, slabbed and marketed. Lots o profit for the whole food chain (except maybe the poor end user who dies with the stuff)
lather, rinse, repeat!
(fresh)
Liberty: Parent of Science & Industry
<< <i>I guess I'm not asking the question clearly enough, so I'll try this way.
What would happen, or what would it cause to happen if from now on only 5M ASE's were minted each year, in effect, there would be 25M less oz's of physical silver in the marketplace and available for consumption by consumers?
Would this have any effect on the value of Spot? >>
Guess I'm not answering the question clearly enough, so I'll try this way. No, demand that could not be met with ASEs would be met with other products. A reduced supply of ASEs does not mean there is a reduced supply of silver. Physical demand has little affect on spot price. That was proven with record sales of silver eagles and a falling spot price.
"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>please stop being so realistic and analytical about another Mint would make up the difference and so forth...it's a question asking as if, hypothetically, there are suddenly 25M less oz's of Silver to be produced over a period of years. >>
The spot price should rise. How much? I don't know. That's as basic an answer as you can get for the question you asked.
Loves me some shiny!
<< <i>let me google that for you >>
I was thinking along the lines of bullion coins [i.e. ASEs, leafs] common bars [1,5,10,100 ouncers] rounds. Of the mix that APMEX, etc. sells to common investors/stackers I would guess the percentage of ASEs is small.
So we are looking at silver coins of all type issued by official mints, ASE, Leafs, Philharmonics, etc. and so on and so forth. Also, bars and rounds struck/cast at private mints that are commonly stacked/flipped by the ordinary citizen. Not interested in shot, wire or other industrial forms.
But hypothetically, I agree with most everyone else. Sunshine Minting would just turn those 25-30 million blanks into some other form of Ag, or folks would buy more Maples, Phils etc.
Stackers are going to stack ! ! !
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!