Comments on: U.S. Mint Offers Point of Clarification Regarding Shortage of Silver https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/ CoinNews delivers the latest World and US coin news Tue, 13 Jul 2021 05:57:27 +0000 hourly 1 https://wordpress.org/?v=7.0.1 By: Justin https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-494070 Tue, 13 Jul 2021 05:57:27 +0000 https://www.coinnews.net/?p=79342#comment-494070 In reply to Lajoie.

I’m not sure what your motive is, but there’s absolutely no basis for $2,000 per ounce silver. There are industrial applications for gold within electronics etc. You seem to claim that there is no industrial demand., That’s not true.

Study the history of the ratio between cost per ounce of silver vs cost per ounce of gold, then adjust for supply annualized and demand annualized. For a while silver was down around 75:1 (silver vs gold). More recently it increases to 60:1. There is an argument, with history supporting silver increasing to 50:1 putting silver at around $36 an ounce. IF gold sees the spike that many believe is coming, we could see silver at 45 to $50 per ounce.

]]> By: Mark D. https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493482 Tue, 08 Jun 2021 17:43:56 +0000 https://www.coinnews.net/?p=79342#comment-493482 In reply to Silverman.

You’ve just described “Basel 3.”

Check it out:
https://www.numismaticnews.net/coin-market/why-basel-3-accords-may-not-boost-gold-silver-prices

]]> By: Silverman https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493404 Sat, 05 Jun 2021 20:46:43 +0000 https://www.coinnews.net/?p=79342#comment-493404 So it’s not a global silver shortage after all, just can’t get the silver rounds. I believe it 100%.

]]> By: Lajoie https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493363 Fri, 04 Jun 2021 21:52:03 +0000 https://www.coinnews.net/?p=79342#comment-493363 Yeah I’ll just keep the value waiting the silver, And you will find out that silver will be worth more than gold, This manipulation of silver has got to stop silver should be closer to gold’s prices being that silver’s worth more to the industry then gold is, Real Americans will buy silver because silver goes into solar panels rings Cell phones, And even food as far as I know medication, comma so don’t let these idiots fool you it’s for you in saying that silver’s not worth at least 2000 and ounce, That’s right folks, that’s $2000 an ounce or more, you keep putting your money into bitcoin, And see what happens to your nest egg, invest in silver and in gold surely you will be rich!!

]]> By: Jimbro https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493343 Fri, 04 Jun 2021 15:43:03 +0000 https://www.coinnews.net/?p=79342#comment-493343 In reply to c_q.

The inefficiency of the online ordering system is the main reason I stopped buying the brand new releases from the Mint. It was an easy to unsubscribe from their emails and I get my news right here. I’m a casual coin collector and being shut out repeatedly over the years was taking a lot of fun out of it. Most of my purchases are from my local coin shop where I have been a long time customer and am treated favorably.

]]> By: Mark D. https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493328 Fri, 04 Jun 2021 06:13:11 +0000 https://www.coinnews.net/?p=79342#comment-493328 In reply to Jake.

When I was quite young, I wrote a letter to National Geographic about that woodcut. I even got a response from Mr. Grosvenor himself. Very groovy.

]]> By: Jay Miller https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493322 Fri, 04 Jun 2021 01:46:52 +0000 https://www.coinnews.net/?p=79342#comment-493322 It’s a shame that the Mint has abandoned their loyal collectors to sell these Morgan’s to investors to sell on EBay now for $300!. The Mint forgets that these investors won’t be interested in buying the routine products which I suspect makes up the lions share of their profits. If I were the Mint I would focus on selling to collectors who had accounts for decades first and then opening up any remaining unsold coins (doubt there would have been any Unsold CC) to investors. I suspect, like me many collectors were cheated of buying these coins (dropped out of the website just as my credit card was being validated for purchase due to investors using bots.

]]> By: Albert https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493321 Fri, 04 Jun 2021 01:32:55 +0000 https://www.coinnews.net/?p=79342#comment-493321 I had my wife, 2 sons, and myself all trying to order to ensure that at least one of us would be able to obtain the 3 coins we were looking to purchase. None of us were successful. System totally failed. What a big let down not only to myself but to my kids which I started in coin collecting when they were 10 and 12 yrs. old.

]]> By: Theodore W Fries https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493320 Fri, 04 Jun 2021 01:31:47 +0000 https://www.coinnews.net/?p=79342#comment-493320 Sounds like a crock of sh#t to me! They knew that 177, 000 issues each of the privy mints for New Orleans and Carson City would create a modern day rarity. This was planned ahead of time!

]]> By: Willie B https://www.coinnews.net/2021/06/02/u-s-mint-offers-point-of-clarification-regarding-shortage-of-silver/#comment-493319 Thu, 03 Jun 2021 23:20:58 +0000 https://www.coinnews.net/?p=79342#comment-493319 In reply to Mike.

At least you got them, I wasted an hour of my life trying to pay for an empty cart.

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