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Old 8/22/08, 5:23 PM
Ralph Brady's Avatar
Ralph Brady Ralph Brady is offline
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Location: Eureka, CA
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Default Silver supply and demand disconnect

The US mint is rationing and/or not making any silver eagles due to a "lack of blanks". They have also recently announced that they are not selling/making 1 oz gold eagles due to a lack of blanks.

I ordered some silver from a mint on July 25 - the expected delivery is late October. I am trying to order more today and I can't even get through to them.

Silver bullion is going for about $18 - $20 per ounce on ebay (including shipping).

Yet the official spot price of silver is $13.35. Doesn't make much sense to me.


Edit: I FINALLY got through to a sales person at the mint. I asked about an accounting issue and she told me "poor so and so has been so busy, she got 400 checks in just one day"



"An expert is a person who has made all the mistakes that can be made in a very narrow field"
Niels Bohr

"Learn all you can from the mistakes of others. You won't have time to make them all yourself"
Alfred Sheinwold


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Last edited by rbrady; 8/22/08 at 7:40 PM..
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Old 8/28/08, 9:48 PM
Ralph Brady's Avatar
Ralph Brady Ralph Brady is offline
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Location: Eureka, CA
Posts: 613
Default Re: Silver supply and demand disconnect

Worlds largest gold refiner runs out of Krugerrands

http://www.bloomberg.com/apps/news?p...er=commodities



"An expert is a person who has made all the mistakes that can be made in a very narrow field"
Niels Bohr

"Learn all you can from the mistakes of others. You won't have time to make them all yourself"
Alfred Sheinwold


Eureka, Fortuna & Arcata, CA
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