Comments on: US Mint to Resume Bullion Silver Eagle Sales on Nov. 17

By: paul

paul — Sat, 18 Apr 2015 14:41:04 +0000

Government needs price of silver to go up a shortage would do that think about it if raw silver is 16.00 oz its hardly worth mining or is it???

By: RonnieBGood

RonnieBGood — Thu, 13 Nov 2014 05:25:43 +0000

Kevin- No real use for Gold?
There are many industrial uses. For example the terminals for all of the connectors for sensors made in all cars since 1994. OBD2 requires Gold plated terminals for all connectors on car sensors!

By: John Pate

John Pate — Wed, 12 Nov 2014 18:38:39 +0000

If production cannot keep up with demand, that’s a shortage. 🙂

In times of shortage the price rises, doesn’t it? err maybe not,

I just can’t see how anyone can suggest the price of precious metals is not being manipulated.

By: Goldbug

Goldbug — Wed, 12 Nov 2014 17:03:09 +0000

To TJ34231111:

“WHAT?! I thought there was a SHORTAGE! That was pumped on so many PERMABULL SITES, HOW CAN THEY RESUME SELLING!!! OMG! lol. Shortage my a$$”

Well let’s see . . . when you can’t accept new orders because you lack the inventory to fill such orders, you have a shortage. It’s not rocket science you ding a ling.

By: Mikki2071

Mikki2071 — Wed, 12 Nov 2014 16:07:51 +0000

The shortage is in the capacity to make the blanks, not physical silver. The suppliers of the blanks aren’t going to kick in new investment unless the higher sales can be anticipated to go on forever. They max their return by running at 100% of capacity with a backlog. They don’t give a damn whether you get your coins this month or next. No competitors per guaranteed government contract. So, you get allocation on peaks, filled later. I’m not seeing any shortage of Eagles from retail dealers. Dealer mark-ups vary but are running $0.85-$1.00/ coin which is normal. They’re not offering any incentive to sellers.

Mining companies are dumping silver on the down slide. Writing a futures contract today at $16/oz is better than next week at $15. Until they band together and price fix, nothing changes. The other aspect is silver is a minor component of most mining companies total revenue. It’s the gravy not the turkey. If you’re primary is copper, the silver has to be removed anyway so it can be viewed as a waste product. Sit and hold costs you.

By: John Pate

John Pate — Wed, 12 Nov 2014 16:00:47 +0000

Physical silver price should be much higher. Many mining companies are refusing to sell at this price because it’s below mining cost. Derivatives using the price of a commodity as a level is OK until the paper market starts dictating the price of the commodity.

By: TJ34231111

TJ34231111 — Wed, 12 Nov 2014 14:07:42 +0000

WHAT?! I thought there was a SHORTAGE! That was pumped on so many PERMABULL SITES, HOW CAN THEY RESUME SELLING!!! OMG! lol. Shortage my a$$

By: kevin

kevin — Wed, 12 Nov 2014 05:02:09 +0000

just a thought, i wonder if they really are running out of silver after all, there is no real use for gold,and they say they have plenty of gold bullion,silver could be totally undervalued and rare might be time to buy some silver.

By: K S

K S — Wed, 12 Nov 2014 00:10:15 +0000

@John, why would you suggest that the Mint increases its premium to spot price when pricing the bullion coins? You are looking at the wrong end of the stick. It’s the spot price that has to reflect supply vs demand. Would miners be able to continue supplying silver at these spot prices? Can other mints supply the blanks for the ASE at these spot prices?

By: James

James — Tue, 11 Nov 2014 23:05:16 +0000

Well said John,

Soon after I buy all I can get at these cheap prices!