@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices.
Increase from 45% to 86% premium from May 4, 2021 to October 11, 2022? Insanity.
>
Good thing ASEs are only a small portion of the overall gutter market. Nobody wants to provide the mint polished planchets at spot when they can stamp their own coin and sell at a slight premium. Not representative of current conditions at all. THKS!
You can be a denier of Silver Eagle premiums. But you would be wrong. Silver Eagle premiums are at or near historically high levels, whether you like it or not.
Perhaps the high premiums really are evidence of someone buying up millions of them.
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
And not only are people buying up the new production, there are not many older ones being offered for sale.
If a single entity is buying up millions of Silver Eagles, that is in no way a "conspiracy" because it would be perfectly legal.
You are interpreting things as conspiracy theories when they are actually conjecture. There is a difference between the two that you don't seem to understand (or don't want to understand).
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
To me, it sounds like someone has been playing exclusively in the paper market and now he has sour grapes because he doesn't want to pay the premium for a premium product.
Therefore, everything he doesn't agree with is a conspiracy.
Yes, let's talk about reality.
Q: Are You Printing Money? Bernanke: Not Literally
Honestly, if you think laying tens of thousands of dollars out for a product that's seeing a 4 and a half month wait for delivery is reasonable, I'm afraid it's hopeless. This was never like that in my life .... not with silver and gold.
@derryb said:
and why are they stamping out 850k a month? you just don't get it and you never will. LOL
850K a month is chump change, especially when you got whales supposedly lining up to buy 17M a pop. The single youtube conspiracy whale is looking for 20 months of current mint production. lol The APs are paying the mint the same premium they always have. As for the reddit kids paying $10-$14 over spot well as the saying goes "There's a sucker born every minute". I will be buying their $10-$14 premium gutter back at spot - spot +$2 just like always.
Does anybody know the current premium on 1000 oz bars? There used to be a report of premiums on various forms posted in messages here, but I think the source for that is not public anymore.
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
@dcarr said:
Silver Eagle premiums are at or near historically high levels, whether you like it or not.
Perhaps the high premiums really are evidence of someone buying up millions of them.
sounds like a demand issue.
Do you believe demand for ASE is abnormally or marginally higher than usual.
@derryb said:
and why are they stamping out 850k a month? you just don't get it and you never will. LOL
Because last year they stamped out 1.2 million per month?
Do you get it?
it is a demand issue, supply is there, check the dealers for avialability. Mint is now stamping less because of blank availability. This will eventually create a supply issue as dealer supply gets sold off.
Are they really this stupid, or are they destroying the dollar on purpose?
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Open eyes see a reduction in mint ASEs due to planched availability. Open eyes see a shift for the current premium increase caused by demand to a greater premium increase when it becomes a supply issue and the retailer can't get them like they could.
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
currently a demand issue soon to be a supply issue. As long as retailers are offering them it is simply a demand issue.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
The excitement is in the rising premiums of ASEs. How are the premiums on that Taylor Swift album doing on a product that has unlimited supply just as silver futures contracts do? LOL
Are they really this stupid, or are they destroying the dollar on purpose?
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
Ask yourself why the US Mint can't get enough silver blanks. The production capacity for silver blanks is the same as it was last year. If the US Mint can't get enough silver blanks, then what is the cause of that ? According to your supply-side argument, that would mean that the supply of raw silver has diminished since last year. The real question is why isn't Sunshine Mint providing more silver blanks to the US Mint ? Maybe because they have other (more profitable) outlets for their product.
Since most album sales are in digital download form, creating more copies of a Taylor Swift album to sell is about as easy as typing a bigger number on a computer (just like issuing digital credits). Manufacturing a physical silver round requires a supply chain.
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
Ask yourself why the US Mint can't get enough silver blanks. The production capacity for silver blanks is the same as it was last year.
Don't need to ask as you just answered. AsE premiums are high because the US Mint doesn't have enough blanks to meet demand. The mint can only produce about 850k ASE when last year it could produce 1.2 mm. No ome has shown that demand is higher than last year, only that supply is constrained.
"Just attended the annual LBMA (Gold) conference in Lisbon. Polling takeaways from delegates: they are mildly bearish Gold for the year ahead ($1830 by 2023s conference) but super bullish Silver ($28.30!) as the focus was on physical tightness driven by unprecedented demand"
Hmmmmmm........unprecedented demand.
the spot market for silver remains in backwardation - meaning that the spot price of silver is above the futures price, which indicates an extremely strong demand for physical metal right now. ..
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
Ask yourself why the US Mint can't get enough silver blanks. The production capacity for silver blanks is the same as it was last year.
Don't need to ask as you just answered. ASE premiums are high because the US Mint doesn't have enough blanks to meet demand. The mint can only produce about 850k ASE when last year it could produce 1.2 mm. No one has shown that demand is higher than last year, only that supply is constrained.
Why is the US Mint obtaining fewer blanks this year than last year ?
Production capacity for fabricating blanks has not diminished since last year.
So, either the supply of raw silver has diminished significantly, or the fabricator of said blanks has increased demand for them beyond the US Mint.
Mint offers spot for blank polished planchets. Even a generic company like silvertowne can stamp out some stupid design on those blank planchets and sell them to the reddit kids with a premium. Some would say "common cents". It's certainly not rocket science. THKS!
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
Ask yourself why the US Mint can't get enough silver blanks. The production capacity for silver blanks is the same as it was last year.
Don't need to ask as you just answered. AsE premiums are high because the US Mint doesn't have enough blanks to meet demand. The mint can only produce about 850k ASE when last year it could produce 1.2 mm. No ome has shown that demand is higher than last year, only that supply is constrained.
ASE premiums are high because of ASE demand. All of the retailers have them available, there is no supply issue.
Are they really this stupid, or are they destroying the dollar on purpose?
Vermillion Enterprises is a bullion dealer. On their Youtube channel they routinely give their buy/sell on all types of silver. For ASE recently it was spot+ $11.50 / spot + $13.50. Just another data point
"The vaccines work,” Trump said, adding that the people who “get very sick and go to the hospital” are unvaccinated.
“Look, the results of the vaccine are very good, and if you do get it, it’s a very minor form,” Trump continued. “People aren’t dying when they take the vaccine.”
Do your part, America 💉😷
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
Ask yourself why the US Mint can't get enough silver blanks. The production capacity for silver blanks is the same as it was last year.
Don't need to ask as you just answered. AsE premiums are high because the US Mint doesn't have enough blanks to meet demand. The mint can only produce about 850k ASE when last year it could produce 1.2 mm. No ome has shown that demand is higher than last year, only that supply is constrained.
ASE premiums are high because of ASE demand. All of the retailers have them available, there is no supply issue.
Yes...there is demand for ASE...has been since 1986. However this year the mint is producing less than previous years. So even with flat demand premiums would most likely be higher.
@blitzdude said:
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
Ask yourself why the US Mint can't get enough silver blanks. The production capacity for silver blanks is the same as it was last year.
Don't need to ask as you just answered. ASE premiums are high because the US Mint doesn't have enough blanks to meet demand. The mint can only produce about 850k ASE when last year it could produce 1.2 mm. No one has shown that demand is higher than last year, only that supply is constrained.
Why is the US Mint obtaining fewer blanks this year than last year ?
Production capacity for fabricating blanks has not diminished since last year.
So, either the supply of raw silver has diminished significantly, or the fabricator of said blanks has increased demand for them beyond the US Mint.
@cohodk said:
Yes...there is demand for ASE...has been since 1986. However this year the mint is producing less than previous years. So even with flat demand premiums would most likely be higher.
Current high demand for ASEs is not based on current supply/a availability. It is speculative anticipation of projected future supply issues due to news of current mint production reduction. Current buyers are betting on even higher premiums and future availability problems. This is supported by the fact that other silver products are not seeing such a surge in premiums.
Are they really this stupid, or are they destroying the dollar on purpose?
LOL there is demand but far from HIGH demand. The short supply is what's driving premiums not HIGH demand. 850K a month when a time not too long ago the mint was cranking out 4-5 Million ounces of gutter a month. Take off them sunglasses. They've made you go blind. THKS!
@blitzdude said:
LOL there is demand but far from HIGH demand. The short supply is what's driving premiums not HIGH demand. 850K a month when a time not too long ago the mint was cranking out 4-5 Million ounces of gutter a month. Take off them sunglasses. They've made you go blind. THKS!
Wrong as usual. If there is a short supply why is one able to buy all the ASEs one wants? There is only an anticipated and expected future shortage driving current premiums. You’re taking the opposite side of an opinion just for the sake of arguing with someone you despise, knowing you are wrong, simply shows your desperation to discredit. You embarrass yourself. If you want to argue or pick a fight bring a valid argument.
Are they really this stupid, or are they destroying the dollar on purpose?
Only a piker could buy as many as they want. According to Qanon Bulgarian youtube reports there are whales lining up to buy tens of millions of gutter ounces lol. I don't despise you at all bro, I feel extremely sorry for you. Exit the bunker, forget about gutter metal for a mere 2 minutes. take a deep breath and for cripes sakes try to enjoy this precious thing we all call life. RGDS!
@blitzdude said:
Only a piker could buy as many as they want. According to Qanon Bulgarian youtube reports there are whales lining up to buy tens of millions of gutter ounces lol. I don't despise you at all bro, I feel extremely sorry for you. Exit the bunker, forget about gutter metal for a mere 2 minutes. take a deep breath and for cripes sakes try to enjoy this precious thing we all call life. RGDS!
Have you gone a single day without crawling in the "gutter" ?
@cohodk said:
Yes...there is demand for ASE...has been since 1986. However this year the mint is producing less than previous years. So even with flat demand premiums would most likely be higher.
Current high demand for ASEs is not based on current supply/a availability. It is speculative anticipation of projected future supply issues due to news of current mint production reduction. Current buyers are betting on even higher premiums and future availability problems. This is supported by the fact that other silver products are not seeing such a surge in premiums.
There isn't "current high demand" for ASEs. It's the same as it was last year and the year before that.
And other silver products do have large premiums.
They are asking 23x while spot is at 14x. That's a 65% premium.
"Just attended the annual LBMA (Gold) conference in Lisbon. Polling takeaways from delegates: they are mildly bearish Gold for the year ahead ($1830 by 2023s conference) but super bullish Silver ($28.30!) as the focus was on physical tightness driven by unprecedented demand"
Hmmmmmm........unprecedented demand.
the spot market for silver remains in backwardation - meaning that the spot price of silver is above the futures price, which indicates an extremely strong demand for physical metal right now. ..
The ASE premium at APMEX just broke 100%, now at 103%. (What demand?)
Also APMEX no longer has ASEs in stock, pre-selling for future delivery. Look for supply issues now to join the farcas and push premiums at a higher rate:
Are they really this stupid, or are they destroying the dollar on purpose?
@derryb said:
Also APMEX no longer has ASEs in stock, pre-selling for future delivery. Look for supply issues now to join the farcas and push premiums at a higher rate:
>
>
The people have said they are tired of the "fake news". They have them for sale and they are on sale.
@jmski52 said: Spot silver is not in backwardation.
Before posting, I verified it. It's back in contango now.
Jmski, please prove demand for ASE is higher this year than last.
cohodk, please prove that it's not. I'm citing industry sources.
If dealer buybacks at $10 over spot aren't an indicator of higher demand, I'd like to know what is.
It never was in backwardation.
You made the claim, so you prove it.
And citi g industry sources? Lol. Whenever someone else cites an industry source that you don't agree with you claim they are part of a cartel, or peddling fake news or misinformation. But not your sources. They are always correct...even when proven wrong?
@derryb said:
Also APMEX no longer has ASEs in stock, pre-selling for future delivery. Look for supply issues now to join the farcas and push premiums at a higher rate:
The people have said they are tired of the "fake news". They have them for sale and they are on sale.
They do now, they did not at the time of the post. Did you purposely wait for them to re-stock before calling me a liar?
Are they really this stupid, or are they destroying the dollar on purpose?
@cohodk said:
Jmski, please prove demand for ASE is higher this year than last.
premiums prove it. And guess what? Next month demand (premiums) will be higher.
I got em available for $50. Ain't getting no demand. Maybe I should offer at $3 premium. Maybe I'd get demand then.
Obviously high premium does not prove high demand.
another demand denier. lol
I got multiple green boxes to sell you, just say the word. Oh wait I forgot you are a seller too, same rolls on the BST for months. Keep pumping the demand conspiracy, some sheep definitely believe it. LOL
I got multiple green boxes to sell you, just say the word. Oh wait I forgot you are a seller too, same rolls on the BST for months. Keep pumping the demand conspiracy, some sheep definitely believe it. LOL
To a normal poster the BST is customarily off limits when it comes to trolling but since you insist taking your guttermouth there know this - you don't know how many tubes of ASEs I have to offer and you have no idea how fast they are selling. Like your buddy is learning making assumptions sometimes makes you an a... You are an exception, yuo often do so.
Are they really this stupid, or are they destroying the dollar on purpose?
I got multiple green boxes to sell you, just say the word. Oh wait I forgot you are a seller too, same rolls on the BST for months. Keep pumping the demand conspiracy, some sheep definitely believe it. LOL
To a normal poster the BST is customarily off limits when it comes to trolling but since you insist taking your guttermouth there know this - you don't know how many tubes of ASEs I have to offer and you have no idea how fast they are selling. Like your buddy is learning making assumptions sometimes makes you an a... You are an exception, yuo often do so.
Well then, like your massive perfectly timed crypto and stock trades. CNGRTS! Perhaps one day soon you will be rich, and you will be joining/posting to us from the shores of Abu Dabi. LULZQ!
Comments
How much were the rounds?
Knowledge is the enemy of fear
Spot + $3.
Live : spot +$4.50. ( regional dealer)
Sounds reasonable. Thanks.
Knowledge is the enemy of fear
You can be a denier of Silver Eagle premiums. But you would be wrong. Silver Eagle premiums are at or near historically high levels, whether you like it or not.
Perhaps the high premiums really are evidence of someone buying up millions of them.
All one needs to do is look at the published US mint sales figures. No fictional billionaire whale is buying up millions of them. They've only been stamping out 850K a month due to not having the blank planchets available to make more.
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
The whole worlds off its rocker, buy Gold™.
and why are they stamping out 850k a month? you just don't get it and you never will. LOL
Are they really this stupid, or are they destroying the dollar on purpose?
Yes, open the eyes to what you just wrote.
People are buying up 850,000 Silver Eagles per month from the US Mint, and they are doing it at historically high premiums.
If people weren't buying up that many, the premiums and the net price would go down.
And not only are people buying up the new production, there are not many older ones being offered for sale.
If a single entity is buying up millions of Silver Eagles, that is in no way a "conspiracy" because it would be perfectly legal.
You are interpreting things as conspiracy theories when they are actually conjecture. There is a difference between the two that you don't seem to understand (or don't want to understand).
I mean your conspiracies are entertaining and all but some of us prefer this thing caller reality. Perhaps one only needs to open their eyes?
To me, it sounds like someone has been playing exclusively in the paper market and now he has sour grapes because he doesn't want to pay the premium for a premium product.
Therefore, everything he doesn't agree with is a conspiracy.
Yes, let's talk about reality.
I knew it would happen.
Honestly, if you think laying tens of thousands of dollars out for a product that's seeing a 4 and a half month wait for delivery is reasonable, I'm afraid it's hopeless. This was never like that in my life .... not with silver and gold.
Alot can happen in 4 1/2 months.
I knew it would happen.
Stole this picture of an AMPEX email from a /r/silverbugs user and thread from a few days ago, see link below. Some other good info in there as well.
https://www.reddit.com/r/Silverbugs/comments/y96cw7/got_this_email_today_from_apmex_they_are_buying/
850K a month is chump change, especially when you got whales supposedly lining up to buy 17M a pop. The single youtube conspiracy whale is looking for 20 months of current mint production. lol The APs are paying the mint the same premium they always have. As for the reddit kids paying $10-$14 over spot well as the saying goes "There's a sucker born every minute". I will be buying their $10-$14 premium gutter back at spot - spot +$2 just like always.
The whole worlds off its rocker, buy Gold™.
Does anybody know the current premium on 1000 oz bars? There used to be a report of premiums on various forms posted in messages here, but I think the source for that is not public anymore.
Do you believe demand for ASE is abnormally or marginally higher than usual.
Because last year they stamped out 1.2 million per month?
Do you get it?
Knowledge is the enemy of fear
If the mint was producing the same quantity as last year, about 1.2 million, the premium would be a lot lower. Premiums are elevated due to lack of supply, not excessive demand.
Taylor swift sold 1 million copies of her new album in 1 week. And we're supposed to get excited about 1 million ASEs sold in a month?
Knowledge is the enemy of fear
sounds like a demand issue.
it is a demand issue, supply is there, check the dealers for avialability. Mint is now stamping less because of blank availability. This will eventually create a supply issue as dealer supply gets sold off.
Are they really this stupid, or are they destroying the dollar on purpose?
Open eyes see a reduction in mint ASEs due to planched availability. Open eyes see a shift for the current premium increase caused by demand to a greater premium increase when it becomes a supply issue and the retailer can't get them like they could.
currently a demand issue soon to be a supply issue. As long as retailers are offering them it is simply a demand issue.
The excitement is in the rising premiums of ASEs. How are the premiums on that Taylor Swift album doing on a product that has unlimited supply just as silver futures contracts do? LOL
Are they really this stupid, or are they destroying the dollar on purpose?
Ask yourself why the US Mint can't get enough silver blanks. The production capacity for silver blanks is the same as it was last year. If the US Mint can't get enough silver blanks, then what is the cause of that ? According to your supply-side argument, that would mean that the supply of raw silver has diminished since last year. The real question is why isn't Sunshine Mint providing more silver blanks to the US Mint ? Maybe because they have other (more profitable) outlets for their product.
Since most album sales are in digital download form, creating more copies of a Taylor Swift album to sell is about as easy as typing a bigger number on a computer (just like issuing digital credits). Manufacturing a physical silver round requires a supply chain.
COMEX admits 50% haircut on "deliverable" silver held in its vaults. Half of the inventory belongs to others.
COMEX registered silver before the haircut:
What a 50% haircut does to COMEX vault deliverable inventory:
Are they really this stupid, or are they destroying the dollar on purpose?
It appears that Taylor is at least 5 times more popular than Gutter metal. THKS!
The whole worlds off its rocker, buy Gold™.
.> @dcarr said:
Don't need to ask as you just answered. AsE premiums are high because the US Mint doesn't have enough blanks to meet demand. The mint can only produce about 850k ASE when last year it could produce 1.2 mm. No ome has shown that demand is higher than last year, only that supply is constrained.
Knowledge is the enemy of fear
Well, looky there
https://www.zerohedge.com/commodities/physical-silver-demand-soars-bullion-dealers-offering-huge-buy-back-premiums
"Just attended the annual LBMA (Gold) conference in Lisbon. Polling takeaways from delegates: they are mildly bearish Gold for the year ahead ($1830 by 2023s conference) but super bullish Silver ($28.30!) as the focus was on physical tightness driven by unprecedented demand"
Hmmmmmm........unprecedented demand.
the spot market for silver remains in backwardation - meaning that the spot price of silver is above the futures price, which indicates an extremely strong demand for physical metal right now. ..
Extremely strong demand........................sounds pretty straightforward.
Believe it or don't. Doesn't matter.
I knew it would happen.
Why is the US Mint obtaining fewer blanks this year than last year ?
Production capacity for fabricating blanks has not diminished since last year.
So, either the supply of raw silver has diminished significantly, or the fabricator of said blanks has increased demand for them beyond the US Mint.
Mint offers spot for blank polished planchets. Even a generic company like silvertowne can stamp out some stupid design on those blank planchets and sell them to the reddit kids with a premium. Some would say "common cents". It's certainly not rocket science. THKS!
The whole worlds off its rocker, buy Gold™.
ASE premiums are high because of ASE demand. All of the retailers have them available, there is no supply issue.
Are they really this stupid, or are they destroying the dollar on purpose?
Vermillion Enterprises is a bullion dealer. On their Youtube channel they routinely give their buy/sell on all types of silver. For ASE recently it was spot+ $11.50 / spot + $13.50. Just another data point
"The vaccines work,” Trump said, adding that the people who “get very sick and go to the hospital” are unvaccinated.
“Look, the results of the vaccine are very good, and if you do get it, it’s a very minor form,” Trump continued. “People aren’t dying when they take the vaccine.”
Do your part, America 💉😷
Yes...there is demand for ASE...has been since 1986. However this year the mint is producing less than previous years. So even with flat demand premiums would most likely be higher.
Knowledge is the enemy of fear
Kinda smells of manipulation then.
Knowledge is the enemy of fear
Current high demand for ASEs is not based on current supply/a availability. It is speculative anticipation of projected future supply issues due to news of current mint production reduction. Current buyers are betting on even higher premiums and future availability problems. This is supported by the fact that other silver products are not seeing such a surge in premiums.
Are they really this stupid, or are they destroying the dollar on purpose?
LOL there is demand but far from HIGH demand. The short supply is what's driving premiums not HIGH demand. 850K a month when a time not too long ago the mint was cranking out 4-5 Million ounces of gutter a month. Take off them sunglasses. They've made you go blind. THKS!
The whole worlds off its rocker, buy Gold™.
Wrong as usual. If there is a short supply why is one able to buy all the ASEs one wants? There is only an anticipated and expected future shortage driving current premiums. You’re taking the opposite side of an opinion just for the sake of arguing with someone you despise, knowing you are wrong, simply shows your desperation to discredit. You embarrass yourself. If you want to argue or pick a fight bring a valid argument.
Are they really this stupid, or are they destroying the dollar on purpose?
Only a piker could buy as many as they want. According to Qanon Bulgarian youtube reports there are whales lining up to buy tens of millions of gutter ounces lol. I don't despise you at all bro, I feel extremely sorry for you. Exit the bunker, forget about gutter metal for a mere 2 minutes. take a deep breath and for cripes sakes try to enjoy this precious thing we all call life. RGDS!
The whole worlds off its rocker, buy Gold™.
Have you gone a single day without crawling in the "gutter" ?
There isn't "current high demand" for ASEs. It's the same as it was last year and the year before that.
And other silver products do have large premiums.
They are asking 23x while spot is at 14x. That's a 65% premium.
Knowledge is the enemy of fear
There isn't "current high demand" for ASEs. It's the same as it was last year and the year before that.
Says who?
Where are you getting your opinions?
There's enough documentation of high demand by people in the industry:
https://www.zerohedge.com/commodities/physical-silver-demand-soars-bullion-dealers-offering-huge-buy-back-premiums
"Just attended the annual LBMA (Gold) conference in Lisbon. Polling takeaways from delegates: they are mildly bearish Gold for the year ahead ($1830 by 2023s conference) but super bullish Silver ($28.30!) as the focus was on physical tightness driven by unprecedented demand"
Hmmmmmm........unprecedented demand.
the spot market for silver remains in backwardation - meaning that the spot price of silver is above the futures price, which indicates an extremely strong demand for physical metal right now. ..
Extremely strong demand........................sounds pretty straightforward.
I've cited a fairly authoritative source documenting high demand. Where is your documentation that there isn't high demand?
Oh, now I remember. You don't have one.
I knew it would happen.
Jmski, please prove demand for ASE is higher this year than last.
Your fairly authoritative source has taken control of you. Spot silver is not in backwardation. Why do you choose to believe such misinformation?
Knowledge is the enemy of fear
premiums prove it. And guess what? Next month demand (premiums) will be higher.
Are they really this stupid, or are they destroying the dollar on purpose?
Spot silver is not in backwardation.
Before posting, I verified it. It's back in contango now.
Jmski, please prove demand for ASE is higher this year than last.
cohodk, please prove that it's not. I'm citing industry sources.
If dealer buybacks at $10 over spot aren't an indicator of higher demand, I'd like to know what is.
I knew it would happen.
The ASE premium at APMEX just broke 100%, now at 103%. (What demand?)
Also APMEX no longer has ASEs in stock, pre-selling for future delivery. Look for supply issues now to join the farcas and push premiums at a higher rate:
Are they really this stupid, or are they destroying the dollar on purpose?
I got em available for $50. Ain't getting no demand. Maybe I should offer at $3 premium. Maybe I'd get demand then.
Obviously high premium does not prove high demand.
Knowledge is the enemy of fear
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The people have said they are tired of the "fake news". They have them for sale and they are on sale.
Knowledge is the enemy of fear
It never was in backwardation.
You made the claim, so you prove it.
And citi g industry sources? Lol. Whenever someone else cites an industry source that you don't agree with you claim they are part of a cartel, or peddling fake news or misinformation. But not your sources. They are always correct...even when proven wrong?
Lol
Love this place.
Knowledge is the enemy of fear
another demand denier. lol
Are they really this stupid, or are they destroying the dollar on purpose?
They do now, they did not at the time of the post. Did you purposely wait for them to re-stock before calling me a liar?
Are they really this stupid, or are they destroying the dollar on purpose?
I got multiple green boxes to sell you, just say the word. Oh wait I forgot you are a seller too, same rolls on the BST for months. Keep pumping the demand conspiracy, some sheep definitely believe it. LOL
The whole worlds off its rocker, buy Gold™.
To a normal poster the BST is customarily off limits when it comes to trolling but since you insist taking your guttermouth there know this - you don't know how many tubes of ASEs I have to offer and you have no idea how fast they are selling. Like your buddy is learning making assumptions sometimes makes you an a... You are an exception, yuo often do so.
Are they really this stupid, or are they destroying the dollar on purpose?
Well then, like your massive perfectly timed crypto and stock trades. CNGRTS! Perhaps one day soon you will be rich, and you will be joining/posting to us from the shores of Abu Dabi. LULZQ!
The whole worlds off its rocker, buy Gold™.
I think we're nearing the need for a forum restraining order. LOL
Are they really this stupid, or are they destroying the dollar on purpose?
Ok, I agree to the offer. I will take them all. $2 over spot. You said so in the thread "What are ASE and Maple Leafs really selling for?":
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@dcarr Are we missing the cost of energy to produce coins?