Gold & Silver Coins & Bars Global Shortage

By: GoldCore

Premiums for gold and silver bars have jumped higher all over the world. They have surged to multi-year highs in Asia. Reuters reports overnight that premiums are surging due to "strong demand from the physical market, which has led to a shortage in gold bars, coins, nuggets and other products."

Shortages of gold and particular silver coins and bars is not confined to the small coin and bar market and there are also supply issues in the larger bar market with kilo bars being increasingly difficult to secure.

Swiss refineries are struggling to meet global demand for refined gold bars. They have been cleared out of their stock of kilo gold bars – the preferred form of gold bullion amongst many store of wealth, affluent buyers in Europe and Asia. Buyers have been told that they will have to wait until late May prior to receiving delivery on paid for product.

Shortages are most prevalent in the silver coin and bar market where premiums have surged.

Silver coins and bars can now not be bought from the largest bullion dealers in the U.S. who have been cleared out of stock in recent days. Unlike after Lehman Brothers where there were shortages and delays of 3 to 4 weeks, there is no guidance being given as to when certain gold and silver coins and bars will be available again.

more at  : http://www.marketoracle.co.uk/Article40189.html

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

Worldwide Silver Shortage Pushes Premiums On Silver Eagle Coins to 40%

By: Jason_Hamlin

COMEX silver prices once again dipped below $23 today. My previous article entitled Ignore COMEX Pricing – Silver Eagles Sold Out at Dealers, $33 on Ebay detailed just how divorced from reality the COMEX price has become. So with another dip today, I decided to try to get my hands on some more silver coins. I realized before I picked up the phone that it would be difficult, but I have a few dealers in Colorado and California that have consistently been able to find supply at reasonable premiums.

Not anymore. The first phone call that I made was to one of the largest bullion dealers in Southern California, where I have bought a good deal of my physical gold and silver over the past decade. In fact, I had just bought several rolls of silver eagle coins from them last month at around $2.65 over spot price per ounce. I also purchased some for a family member back in January and paid the same premium.

In the past when some analysts were talking about a supply shortage and rising premiums, I was always able to find supply from this particular shop with a reasonable premium that was never more than 10% over the spot price. But today I was told that I could only order for future delivery at some point in late May or June and that the premium was $5 over the spot price.

http://www.marketoracle.co.uk/Article40116.html


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

Silver Update 20-4-13 Silver Shortage BrotherJohnF

An update from BrotherjohnF regarding the recent drop in metals pricing and shortages. He is very experienced with the markets and delivers his points clearly without much hyperbole.
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

An Unprecedented Rush to Gold & Silver Bullion causes Shortages Worldwide

The shake out of ETFs and futures has left the Australian mint short of deliverables and Japanese and Chinese gold retailers seeing a “frenzied” surge in demand. The customers are not just the ‘rich’ or ‘elderly’; in China “they tend to wear water shoes and come directly from the market…;” in Australia, “the volume of business… is way in excess of double what we did last week,… there’s been people running through the gate,” and Japanese individual investors doubled gold purchases yesterday at Tokuriki Honten, the country’s second-largest retailer of the precious metal.
 
For bullion-buyers, this also introduces an additional variable to consider in looking for a source for your bullion: availability.


I certainly see the current situation as a "buying opportunity" for investors. Indeed, had I not used-up the remainder of my bullion-buying dollars (for the time being) at the beginning of September I would definitely be a buyer myself at the present time.

Higher premiums appear to be the "necessary evil" which those of us who want REAL bullion have to live with - unless you happen to live in a "bullion supermarket" like India. As people grudgingly pay these higher premiums, I remind people to consider how those "high premiums" will look a couple of years from now, when silver is likely MULTIPLES of the current price.

Given the choice between paying silver's (real) "fair market price" today (and getting low premiums on those purchases), or buying silver at a fraction of its real value, but getting "squeezed" for an extra dollar or two an ounce, it is obvious what is better for investors.
   

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

Many Online retailers Are reporting significant Shortages in Silver Bullion

Many other online retailers, however, are reporting significant shortages. So much so that some are being forced to cancel customer orders because there is simply no inventory, especially as it pertains to silver.
A subscriber alert from Future Money Trends indicated that the shortage is quickly becoming more widespread:

Several bullion dealers are reporting low or no inventory, others are just outright overcharging their customers. Wholesale dealers are also reporting they are out of several products including the American Eagle.
…
“…there is basically a silver shortage right now. Dealers are starting to run out of products and delay the shipping times.” David Smoler, DBS Coins
Here is a message from my good friend who works in the bullion industry when I asked him if there were real shortages happening.
“Across the board, sold out. Delivery delays up to 4-6 weeks, premium rising. Friday was our busiest day ever; until today. Which was much busier.” Andy Hoffman, Miles Franklin

- in etfdailynews  : http://etfdailynews.com/2013/04/17/precious-metals-retailer-says-they-have-been-experiencing-astounding-volume/

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

People running through the gate to buy Gold Bullion

There are reports of very strong demand for coins and bars from buyers internationally who believe that the sell off that saw gold fall to a two-year low is overdone.

Very significant demand is being seen throughout the world for physical bullion – in Japan, India, Australia, the U.S., Europe and elsewhere.  The speculative raid by one or two banks which led to the price crash is being seen as a gift by eager buyers internationally.
Gold sales from Australia’s Perth Mint, which refines nearly all of the nation’s bullion, surged after prices plunged, adding to signs that gold’s slump to a two-year low is spurring increased demand.
“The volume of business that we’re putting through is way in excess of double what we did last week,” Treasurer Nigel Moffatt said by phone, without giving precise figures. “There’s been people running through the gate.”
The Perth Mint’s sales of gold coins climbed 49% to 97,541 ounces in the three months ended March 31 from a year earlier, according to data from the facility in Western Australia that was founded in 1899.

- in http://www.resourceinvestor.com/2013/04/17/people-running-through-the-gate-to-buy-gold-bullio?ref=hp&t=precious-metals&page=2





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

Silver Market Coming Under Orchestrated Attack

By: Clive_Maund
Much of what is written in the parallel Gold Market update applies equally to silver, and it will not be repeated here. So we will proceed to look immediately at the latest silver charts.
Silver was a sideshow on Friday, as it was gold that came under an orchestrated attack, being driven down first in the Far East before waves of selling in New York took it lower and lower towards critical support, before it was dealt the knockout blow by the London physical market suddenly freezing up in the afternoon, sending holders of bullion into a blind panic and mad scramble to protect themselves in the futures market.
Silver was sideswiped of course and the collateral damage it suffered resulted in it breaking below a remarkably clearly defined and strong support level by the close, as we can see on its 3-year chart, a development which has set it up for a potentially brutal selloff and vertical plunge next week, as this has and will trigger stops clustered in this area, and we can expect hapless traders to be driven towards the exits by margin calls sent out over the weekend.
http://www.marketoracle.co.uk/Article39951.html
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

Silver Market: China Silver Demand Increases as the Euro Continues its Downfall

Silver will be in high demand in the future. The future of silver looks promising. Many industry insiders understand that silver has the highest electrical and thermal conductivity of any metal that currently exists. As we already know, silver has the potential to store more power in a small amount of space that any other metal that is in existence. Electrical connections that involve silver have the capacity to ignite power needed at a rapid speed. Industries that produce cell phones, computers and other devices for the average consumer use silver. With the popularity of iPhones, iPads and other devices produced by such corporations as Apple Computers will only increase in demand. Solar energy is another industry that silver can accommodate. The list is endless, especially in countries where manufacturing plants produce electronics that use silver such as China. In the web based daily news site chinadaily.com explained why silver is an important commodity in article from 2012 titled ‘China claims biggest global silver market’ by Wu Yiyao. China is the biggest economy in the world in terms of manufacturing. Yiyao reported that “The Washington-based Silver Institute said total silver demand in China increased by more than 100 million ounces, or Moz, in the past 10 years, to a record of 170.7 Moz in 2011.” One of the main reasons China will be an economic powerhouse for the next 100 years is because of its manufacturing base. Yiyao writes:
http://www.globalresearch.ca/buoyant-silver-market-chinas-silver-demand-increases-as-the-euro-continues-its-downfall/5329357

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

Demand for Silver products is soaring, but prices are dropping

Demand for Silver products is soaring, but prices are dropping, some buyers say they're having a tough time buying silver coins and bullion of late - as if there's a real shortage unfolding. This has ignited all sorts of conspiracy theories, and a lot of worry, too. For several weeks now, it has been difficult to purchase physical silver at any of the nation's coin shows, and most dealers have a very small supply - if they have any inventory at all. What little silver they can purchase, they tell me, goes out the door quickly as buyers snap it up. Yet the market price of silver remains below $29 to $30 an ounce. Recent reports note that Russia has made a hefty purchase in excess of 25 tons of silver.



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

Silver Demand, Is the world really running out of Silver ?

An interesting look into silver's history as money along with the current supply vs demand numbers. Topics in this video include: The four attributes that made silver so valuable to early civilizations: 1) Malleability 2) Aesthetics 3) Antibacterial 4) Rarity

Supply and Demand - Traditional Silver Uses:
1) Jewelry 2) Coins, medals 3) Silverware

Industrial Silver Uses:
1) Photography 2) Electrical 3) Soldering 4) Ethylene Oxide 5) Photovoltaic Cells

Silver Demand by Country:
These five countries make up over 60% of global silver demand
1) United States 2) Germany 3) India 4) China 5) Japan

Silver is Supplied from 3 Main Sources
1) Recycling 2) Net Gov't Sales 3) Mine Production

Silver Thursday
It all started in the late 1970s when the Hunt Brothers attempted to corner the silver market. The COMEX implemented new rules that heavily restricted the purchase of commodities on margin and the price plummeted. To avoid the crash of several Wall Street banks, a number of banks bailed out the Hunts with a $1.1 billion loan.

Majority of Global Silver Production has been consumed
Some estimates say up to 95% of total supply has been consumed and thrown into a landfill.
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

Why are Silver Prices Falling?

Especially with the white-hot demand for coins

It's one of the biggest mysteries in finance right now.

I mean, it's a real head-scratcher

...
On one hand, demand for silver coins has been off the charts. With so many investors wanting to swap currency for silver, neither the U.S. Mint nor the Royal Canadian Mint has been able to keep up with purchase requests.

In fact, the U.S. Mint actually had to suspend sales of the "Silver Eagles" just a couple of weeks into the New Year - and it still smashed the all-time monthly sales record in January by selling 7.5 million of the hugely popular coins.

And that insane demand carried over into February and March.

After the first two months of 2013, the U.S. Mint had sold nearly 10.9 million American Silver Eagles (ASEs) - a third of its sales total for all of 2012. And on March 18 - the Monday that followed the weekend news about the Cyprus bank-deposit-confiscation plan - the Mint reported a stunning sales total of 638,500 of the silver coins ... for just one day.

But here's the kicker. Despite this frenetic buying, spot silver prices have actually fallen since the start of the year - a conundrum that's ignited fears of a silver shortage and investor allegations of market manipulation by Wall Street.

With this scorching demand for silver coins - and reported shortages of silver-based investments - how is it possible for the metal price to be falling?

One reader, after experiencing this frustration firsthand, recently sent us this query:

For several weeks now, it has been difficult to purchase physical silver at any of the nation's coin shows, and most dealers have a very small supply - if they have any inventory at all. What little silver they can purchase, they tell me, goes out the door quickly as buyers snap it up. Yet the market price of silver remains below $29 to $30 an ounce.


Recent reports note that Russia has made a hefty purchase in excess of 25 tons of silver. Has that affected U.S. supplies? What's the overall outlook? We'd be grateful to hear your take on this. Most of the folks we ask seem baffled, too. - C.C.

Read more at http://www.stockhouse.com/columnists/2013/april/3/why-are-silver-prices-falling-.aspx#jZBDbkAxG91K66J3.99




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

Expect Higher Silver Prices From Soaring Investment Demand

http://etfdailynews.com/2013/04/01/expect-higher-silver-prices-from-soaring-investment-demand/

April 1st, 2013
Diane Alter: For the past few weeks, silver prices have been trading sideways. Kitco notes this tight trading range “could be “basing’ action that can put in market lows and occurs just before an uptrend begins.”
For those investing in silver, that’s great news.
And if you don’t think silver prices will go higher this year, here are three charts showing otherwise.
Higher Silver Prices and Soaring Investment Demand
Recent and ongoing events like sequestration, central bank easing, devalued currencies, and the Cyprus bailout have increased investor de
mand for metals, especially silver.
While 2012 sales weren’t as high as 2011, buying picked up in earnest in the final months of the year as investors raced to protect their nest eggs amid fears of a U.S. recession. As the pace picked up, the Mint ran out of silver eagles in December 2012, forcing it to announce there would no more coins until 2013.
In fact, in 2012 the U.S. Mint’s silver coins sales sold 33.7 million ounces of silver – more than the 33.5 million ounces produced from U.S. mining operations, according to the U.S. Geological Society.
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