Friday, March 22, 2013

Silver Shortage Coming

 Silver Coins Sell Out

By Swagato Chakravorty
Monday, March 18th, 2013

As of March 11, 2012-W Uncirculated American Silver Eagle coins were not available for purchase anymore from the U.S. Mint.

Since August 2 of last year, when they had gone on sale, SilverCoinsToday reports that 202,504 were purchased. However, that figure is for individual purchases; the coins also form part of the 2012 Annual Uncirculated Dollar Coin Set, which is still available from the Mint.

That means there will likely be more sales for the Silver Eagle coins. Altogether, we’re looking at 220,559 and growing. Nevertheless, back in 2006, sales amounted to 466,573. As recently as 2011, 409,927 coins were sold. Clearly, there is a significant shortfall in sales of the one troy ounce silver coin.

Aside from this news from the Mint, consider that over the past month, silver prices have crashed by 10 percent. Sales of Silver Eagles had first been suspended around New Year’s, then resumed briefly, and now there’s another shortage. All this and Q1 isn’t even over.

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MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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