The silver (and gold) shortage

Not necessarily, gold/silver can also be based on projected production. For example a mining company discovers a deposit of silver and estimates the load, but doesn't necessarily extract the product. They can use this to sell on the market. For many years silver was down which did not stimulate production, but companies still did exploration. Now with silver high, but the dollar low on the world market the cost to remove silver is higher than it would have been years ago. For example the minimum wage in Brazil was less than a hundred dollars a month 6 years ago at around $75 dollars, now it is around $250 dollars a month, so labor in dollars has more than doubled, but the price of gold/silver in Brazilian currency has not risen much, but the price of labor in Brazilian currency has risen by more than 400%.
grant

my local coin shop was closed today at 1 o clock ... i thought to myself wow why so early? it was odd ... i normally get my metals from www.monex.com and i haven't had any problems yet

Buying real money, gold and silver, and just sitting on it does not push out the bad money. If you spend and circulate good money in your local communities on local goods and services you create local jobs with your money. If you convince others to accept gold and silver and they spend in on local goods and services they too will create local jobs. Eventually who would accept "bad money" FRNs?
As a matter of fact we don't have to accept FRNs for goods and services as long as we aren't owed debt. If someone wants to buy from me with FRNs I don't have to accept, I can sell to someone who has gold or silver. But gold and silver only have real generating value as money if it is used and accepted in the market. People need to start using it! You can always barter with it. If your silver is worth 13 dollars FRN today, then use it to purchase $13 FRN on the market, probably even ask for a discount of 20-30% by purchasing will real money. Put a sign up in your store or business saying 10-20% discount if you pay in gold or silver. You will have removed goods and services from the market when you pay with gold and silver and will make FRNs less valuable.
We just have to reverse Gresham's law and drive bad money out with good money.
Gresham's law is commonly stated: "Bad money drives out good."
http://en.wikipedia.org/wiki/Gresham's_Law

Buy silver and trade in coins. Don't use or accept FRNs whenever possible and cut up those credit cards.
grant

This article has been edited due to its length. It was emailed to me and I have no link, sorry.

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The Eagle Has Been Grounded

Mint Halts Gold-Coin Sales After Supply Depleted Amid Price Drop

By Ianthe Jeanne Dugan
The Wall Street Journal
Thursday, August 21, 2008

As gold prices tumbled from their highest level ever, investors and collectors loaded up on one-ounce "American eagle" gold-bullion coins. The buying spree came to an abrupt halt this week after the U.S. Mint stopped selling the coins for the first time since production began 20 years ago.

"Due to the unprecedented demand ... our inventories have been depleted," the Mint -- part of the U.S. Treasury Department -- told its dealers Friday. "We are therefore temporarily suspending all sales of these coins..."

The Gold Anti-Trust Action Committee [GATA], an advocacy group, said the Mint's move proved financial institutions are colluding to set prices.

"The suspension is overwhelming evidence ... that the commodities exchanges are being used ... as part of a massive scheme of manipulation of the precious metals, currency, and bond markets," the group wrote on its Web site.

___________

Lisa C.

www.dvds4delegates.com=Ron Paul, the 44th U.S. President

Join us at: www.campaignforliberty.com

Brought to you by: www.women4ronpaul.com

I'm wrong, the newly issued $1 presidential coins weight 8.10 g and are 77% copper. Whereas a copper penny weighs 3.11 g and is 95% copper, so the $1 presidential coin has less than 3 cents worth of copper and is probably worth about 3 cents. Spend them on local goods and services.
grant

You see the U.S. government wants to play us for fools, they issue some coins with presidents on them wanting us to collect them. If we throw them in a jar or mount them on the wall they lose all generating value to fuel the economy. So far, close to $1 billion dollars of presidential $1 coins have been issued. This means that if we don't use them that 1 billion dollars has been removed from the economy with a coin that probably costs at most 20cents for the U.S. mint to mint. Each time we circulate each and every coin just once it generates 1 billion dollars in the economy. And this is just by using newly issued $1 coins. The more you circulate the coins the more the economy runs without the use of FRNs.
grant

Not if you use converted values. A truely silver dollar can trade on the market for more than 12 dollars. I have used them to do lots of trading. But we don't even have to use the gold and silver coins, since their are plenty of coins to trade with as it is. We have gone from the gold standard in the minting of coins to the copper standard. On an average year their are around 6,800,000 tons of copper mined in the world, where as there is about 1,400 tons of gold mined in the world every year. That means for every ounce of gold there is close to 5,000 ounces of copper. Regardless if the copper is use industrially, it is still brought above ground. I imagine if less homes are being built that there will be less demand for copper wiring in new homes as an example of possible future over supply. Since the new presidential dollars are made mostly of copper and not even an ounce they are far less valuable than a silver dollar.
grant

I just received an email saying that my order was shipped today.
I was watching it drop a little while back and decided to get more silver oz.s to offset what I had spent earlier this year at a bit higher price. No sooner than I ordered it, it came down a little more and within a couple of hours, you couldn't find a one ounce silver round anywhere and that's about the way it's been since. I feel like I got lucky and they are even sending it about five days sooner then promised. I'm glad I hit it when I did.

I love my country
I am appalled by my government

(and all others interested in physical metal). The following article describes why the shortage affects the investment market, while not making its way into the jewelry or industrial markets (yet).

http://news.silverseek.co...

A good read if you are interested in preserving your financial wealth and freedom. Of course, if you are one of the ignorant statist pukes that are unwilling to crawl out of jon nadler's ass long enough to smell reality, you may one to skip this one.

The big boys are dumping their reserves on the open market to keep the prices down, whereas this raises the possibility of the dealers taking a loss if they sell it to consumers after what they paid for it (a lot more then current prices). This, in effect forces the dealers to cry "shortage" to buy themselves time, thus discouraging would-be precious metal consumers from engaging in owning and trading honest money.

There is a silver and gold coin shortage, but look at the markets, an actual silver or gold metal shortage would be reflected in the futures markets, its not happening. Just be in a position to profit from the movement, either way.

There are shortages here in Germany as well (silver and gold coins).
A bank told me today that the gold krueger rands we`re sold out "europe wide" and that they never had that before. That sounds exgerated too me (I think you can still by krueger rands), but it is very odd indeed.

Why don`t you US-Paulites organize a couple of "Silver Bombs"? Everybody purchases one ounce of silver on specific days?

It`d be really interesting to see whether this scares the Big Banks or not.
I`d love to know who is right on the so called "conspiracy theories" on naked shorts etc.

--------------------------------------
europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)

Soon the price will be set lower so they can buy metals back from us...or like during WWII, order us to give up metals.

God. Quit being morons.

A couple years ago, metals suddently started to be pushed on all medias...do you know how much money it takes to pay for such a massive advertising blitz?! It's a government-level pump-n-dump scam.

And are they selling 100% gold or silver? Nope. Most of it is crap. And later, when you try to sell it, they will tell you that it is crap.

Do you want to invest in something? Try land, education, health.

This is the best article on the economy I've seen yet !!

http://www.planetaryascen...

However, I called another dealer outside of my city and I asked about availability. He said I cannot get you anything at this price level.

Even though I had no intentions of doing so, I asked him what if I was willing to pay $20.00. He said, well that's a different story, I can get all you want at that price. I bet the hell he can. What a friggin scam.

Is out........but I am having no problem with buying from Bullion Direct. Good prices in my opinion.

And look at the Ebay price....still $18 to $20 per oz. This is the real price in my opinion.....What is it woth in Federal Reserve Notes...??

Bump for AKAK

where do you guys think all this silver and gold is?? who has it? who has been buying when the price was low? the dealers don't have it so where is it? why would they be getting as much as they can? think its the people who rig elections? the ones who rig the stock market? what do they know that most of you don't?

as for me and my home, we shall worship the LORD

This is not an attack on silver, I am just looking for some answers, silver and precious metals in general a supposed to be a hedge against inflation (not a money maker like the stock market) but I was looking at the price of silver over the last 20 years (see link) and it seems that it has not gone up except in the last 5 years - why is this with the dollar losing 2 to 4% , shouldn't silver gain atleast that much a year (because of its real value)? And why has the price jumped up so much since 2003 since it was level or a loser from 1993 till then?
http://www.maoxian.com/im...