A heads up about the silent silver shortage
Within the last few days, there has been growing evidence of a silver shortage on the retail side of the industry. My conclusion is that there is "stealth" price fixing scheme going on in the futures and options markets, and other "paper silver" investments, causing the price of silver to fall; while, at the same time, few can find product (bars and coins) to buy. I have no idea if this shortage has reached the jewelry suppliers or not, but there is evidence that the shortage has reached some of the larger suppliers like the national mints of Canada, the United States, and Australia.
Below is a link to more evidence that the silver shortage is indeed real, and that those in the paper markets are doing all they can to keep a lid on it. Below the article are 3 or 4 other links giving more evidence for a silver shortage--pay particular attention to the emails. I also urge you to do your own research by calling local dealers before you consider buying or selling silver.
http://news.silverseek.com/GoldIsMoney/1206572052.php
UPDATE 3/28: The Mogombo Guru weighs in.
http://news.silverseek.com/SilverSeek/1206683880.php
INTUR
A couple years ago i found a bag of coins on a construction job with cuban inturs. I dont know what they are made out of but they are the same size as our quarter and sound exactly like pre 65 silver quarters. Anyone here know their composition....
Gavination, would those be
Never mind ---- Lisa beat me to the punch!
Try this.
http://en.wikipedia.org/wiki/Cuban_peso
"Between 1981 and 1989, the National Institute of Tourism (Instituto Nacional de Turismo, "INTUR") issued "Visitors Coinage" for use by tourists. In 1981, cupro-nickel 5, 10, 25 and 50 centavos and 1 peso were introduced, followed in 1988 by aluminium 1, 5, 10, 25 and 50 centavos. The INTUR coins were demonetized on 15 October 2001, and were replaced by fractional convertible pesos in 1, 5, 10, 25, 50 centavos and 1 peso, minted in Canada. In late 2004, a five convertible pesos coin, dated 1999, was placed into circulation."
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Lisa C.
http://www.women4ronpaul.com/
Ron Paul "Sign Wave Across the USA" -- November 5th!
thanks!
!
The Mogombo Guru
is the Dave Barry of silver world.
Very Old News
Ted Butler's been talking about this for years.
It was an old post
I answered someone's question today that I overlooked earlier. The thread kinda took off from there. Silver is a popular topic around these parts. Also, check out ChristopherX's thread entitled -Update- buying silver again with caution for more discussion of Ag bullion on the Daily Paul. Welcome and enjoy.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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He never said this wasn't "Very Old News"
just adding to the news and giving his opinion. If you had been here longer than 2 hours you would know that he often brings news of interest to metal investors.
For some, this might be new news. No harm in posting it, is there?
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Lisa C.
http://www.women4ronpaul.com/
Ron Paul "Sign Wave Across the USA" -- November 5th!
I agree with you Lisa
Some of this may be old news to those of us that have been watching the precious metals, but could be very new to those that are finally seeing what is going on in the market. You are awesome by the way Lisa. I really love reading your comments. I have been watching the Silver market very closely, and I am finding that the dollar is being tied to silver.
I think there are some strange things that are happening behind the scenes right now with silver and the dollar, and I am no conspiracy nut either.
Thanks Tessie.
You are right about silver. It's just one more thing being manipulated but it won't be that way forever.
I just got a delivery of Australian junk silver and the price was well above what you see on Kitco. With the dollar crashing, credit market drying up, houses being foreclosed, as well as, oil skyrocketing, there is no way metal should be where it's at. You are definitely not a conspiracy nut.
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Lisa C.
http://www.women4ronpaul.com/
Ron Paul "Sign Wave Across the USA" -- November 5th!
He never said
Everyone's entitled to post, Lisa C. Your baseless, prejudicial assertion that I've been here but two hours seems no different to me than the Fascist Missouri State GOP Credentials Committee, who's challenging my right to participate in the Branson Convention, after 36 years of Republican voting. So, back off or take more valium. You decide.
ag2012au2012
Do not give up please. I am sorry you are being challenged. We are on the same team here. I believe Lisa was just pointing out the obvious, which is we all have the right to voice our opinions here. I believe the original poster may be new to the precious metals market. I will say that Lisa C. is one of the most level headed individuals here on the daily paul.
It's not baseless.
I had a look at your username and there it was.
Are you saying that you're comment wasn't just the least bit snotty? Give me a break. I'm not challenging your right to do anything. Seems to me you're the one getting excited. If you've got troubles in Missouri, don't take them out on me, take them out on the GOP.
You decide.
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Lisa C.
http://www.women4ronpaul.com/
Ron Paul "Sign Wave Across the USA" -- November 5th!
Baseless
Are you saying if an individual audits daily paul for several months, then registers and makes an innocuous comment about a topic as being very old news, then that individual will be subject to Lisa C's myopic remonstrance?
I am finally getting mine
I ordered a monster box almost 2 months ago from NWT Mint. Today is shipped and I will be getting it into my hot little hands soon.
Thank goodness. I was starting to get nervous.
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22
NWT Mint LOL!
"first by inflation, then by deflation, the banks...will deprive the people of all property" -Thomas Jefferson
government of the people, by the people, for the people
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Why LOL
Because it was the one rumored to be bankrupt? It doesn't sound like any of them are doing too well. When I get my silver I was just rest easy.
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22
"Attorney General sues NW Territorial Mint"
Well, perhaps, LOL wasn't a good expression, but read this article below.
"Attorney General sues NW Territorial Mint"
http://seattle.bizjournals.com/seattle/stories/2008/02/04/da...
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"first by inflation, then by deflation, the banks...will deprive the people of all property" -Thomas Jefferson
government of the people, by the people, for the people
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YIKES!
I ordered from them in March and when I called about it, they said it wouldn't be here until June!
If they don't deliver, I'll expect a full refund!
Oh my goodness
Well, I haven't been too happy but I did order my silver right before the major silver crunch so I didn't expect much. I also have not had great service from two other dealers so I thought it was pretty much standard fare. I did email them, though, right now and let them know I was aware of the suit so I am looking forward to my order being fulfilled.
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22
What silver crunch?
"first by inflation, then by deflation, the banks...will deprive the people of all property" -Thomas Jefferson
government of the people, by the people, for the people
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PM Dealer Feedback
There are a few threads on NWT mint here. Look at the poll.
http://goldismoney.info/forums/forumdisplay.php?f=150&order=...
"first by inflation, then by deflation, the banks...will deprive the people of all property" -Thomas Jefferson
government of the people, by the people, for the people
---
Well...
You are making me feel better all of the time. I went there because someone on this site recommended them as the cheapest. I surfed around the other sites and they were. When the wait time stared to get long was when everyone was screaming there was no silver so I didn't freak out. I waited. But now I will be just happy to get my silver.
We dealt with two other companies. One was delayed for over a month and they had no real excuses. The other "lost" our check so if we wanted to order from them we would have to pay the much higher price (by this time) so I had to pay to cancel the check and told them to get lost.
So, I don't believe the customer service is too great with any of the companies. Do you have one that you trust?
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22
If you can,
buy locally, with cash. If you don't live in a city with a coin dealer, then it may be a good idea to make the trip. Be sure to call the coin dealer and ask him if he has silver in stock before you go.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Why do you want to buy silver in the first place?
"first by inflation, then by deflation, the banks...will deprive the people of all property" -Thomas Jefferson
government of the people, by the people, for the people
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First off
There is no coin dealer anywhere near where I live so that's not an option. Second, it is important to diversify at this time or haven't you heard, ;0) Silver is one of the ways.
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22
Why Buy Silver?
Why, so we can hoard it and admire it and hold it and watch the light gleam off it and run it through our hands ..... so beautiful ..... the preciousssss!
akak
you make me laugh, now that was funny. You must like the Lord of the Rings too aye? I will say if any of you are serious about buying silver, make sure you buy it, and take physical possession of it. It is being manipulated right now through exchange market with some of the major silver companies like Kitco, and Monex. All I can say is be cautious, and have your silver in hand, and not on paper.
Glad I could give you a
Glad I could give you a little laugh, Tessie! I wasn't slamming silver at all by all that, though, I hope you knew. I have my share of it as well, and yes, I DO like to look at it now and then .... but it is not my precioussss, that would be my GOLD!
Why do you ask that question?
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Lisa C.
http://www.women4ronpaul.com/
Ron Paul "Sign Wave Across the USA" -- November 5th!