U.S. Mint out of Silver Eagles: Premiums going vertical tonight
Submitted by John C on Thu, 01/17/2013 - 23:15http://goldsilver.com/news/us-mint-sold-out-of-2013-silver-e...
I just looked at Apmex and the premiums on 2012 and the new 2013 Silver Eagles is up several dollars tonight. Keep stacking...the physical price is getting ready to come unglued from the garbage paper crap.
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You guys are scaring me
In days past, whenever the chatter about silver started up on DP, the price dropped like a rock.
Ĵīɣȩ Ɖåđşŏń
"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln
Silver Eagles
Gold dealers buy silver eagles from the U.S. Mint in bulk so they can take them to PCGS or NGC and get them slabbed MS70 or MS69 and charge 35% commission or more on them rather than the normal 5%. Look at the January sales each year. They stop minting in December to prepare for the huge influx of buying by dealers in January. More dealers come around and join the fun because profit is good. There is a reason why the gold dealers can afford to advertise on Glenn Beck, Sean Hannity and Mark Levin etc. shows. They can afford it!
Meanwhile, silver Canadian Maple Leaf's are 60 cents less per coin than the Eagles and are not sold out.
Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!
People must be scared
People must be scared shitless. I see a lot of "out of stocks" on all silver products across several online vendors.
Southern Agrarian
just like guns and ammo.
just like guns and ammo. Food may be next.
2013 Silver Shortage is here
About time. I posted about this coming last week here on DP, but everyone ignored me.
Rough Predictions are physical silver will run up to $150 an ounce before the next price crash. Then when the Super Shortage hits in 12-18 months (2014), it goes through the roof. COMEX, the phony paper silver market "official" spot price will probably go no higher than 40. Pay no attention to that scam. It's a dying market.
From what I've seen right now 90% silver coins are trading for a good premium (34-37 dollars) over the "official" price of 31.81 already on eBay. If the shortage continues, and it should, this spread will widen.
For God's sake, if you have to sell, don't sell your silver eagles or silver to APMEX or a coin dealer. They will only give you spot prices. Sell on eBay or privately to get the best premium.
Stack and hold physical. Avoid all paper claims to silver, they are scams. Wait until the physical silver price is so high your eyeballs will pop out of your head. That's the best advice.
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. - Ben Franklin
I don't buy eagles
because they are minted by our corrupt Gov't. I do buy everything else I can get my hands on though :-) Also, their premium is too high so I stick to $1 and less over spot silver rounds and bars.
New AWESOME Pro 2A PSA http://www.youtube.com/watch?feature=player_embedded&v=7F1nP...
and you get that premium back
and you get that premium back when you sell. I don't think they will be produced much longer. They are well recognized (easy to sell) and there are tax advantages on Eagles.
Maybe you do and maybe you don't
depending on what it is one thinks they are going to need silver for later on. I understand why folks would want them, and these are sometimes the reasons that I do not want them. I'd get them if they were a buck over spot instead of $3 for sure, but I am a miser like that.
Put it this way, I wouldn't give you any more (or less) for a silver eagle than I would a silver buffalo or a mexican libertad if the FRN went away and you needed some eggs from my chickens.
None the less, keep stacking now while silver is cheap.
Cheers
New AWESOME Pro 2A PSA http://www.youtube.com/watch?feature=player_embedded&v=7F1nP...
you may not...many others
you may not...many others would.
You might want to consider
You might want to consider some garbage silver (low quality silver for melting down; silver is the opposite of garbage). It is often worth it if your intention is retaining wealth and not just a coin collection.
I have a fair amount of
other various silver, but I wayyyyyyy ahead on the 99.99% stacks that I have at this point and it's easily able to be resold again at the price of spot. Or better than spot if I wanted to even sell it on Ebay or something. I will hold it until the dollar crashes and I need it though.
New AWESOME Pro 2A PSA http://www.youtube.com/watch?feature=player_embedded&v=7F1nP...
Apmex & other big online
Apmex & other big online metal stores are sold out, smaller coin shops have 2013 Eagles in stock
Oh, I Love Them Beautiful Silver Eagles
I'm so glad I listened to my dad and started buying them in 86'..I have so many, I need to buy another mosler safe...Ha
Don't worry, no one will ever find these babies..
ssssshhhhhhhhhhhhhhhh.......
ssssshhhhhhhhhhhhhhhh.......
Oh how I wonder, oh how I worry
And I would dearly like to know
How all this squander of earthly plunder
will leave us anything to show
SHHHHHHHHH
You still here.. (Whisper)
wait a minute.. according to
wait a minute.. according to some self proclaimed "experts" there is plenty of silver. The big "deflation" is coming.. according to the "experts" yea right.
Oh how I wonder, oh how I worry
And I would dearly like to know
How all this squander of earthly plunder
will leave us anything to show
I knew something was up when
I knew something was up when they quit selling the 2012's in mid December...
http://www.coinnews.net/2012/12/19/2012-american-eagle-silve...
This has happened many times
This has happened many times before, so who knows