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US MINT HAS RUN OUT OF SILVER
Zero Hedge ^ | 03/02/11 | Tyler Durden

Posted on 03/02/2011 7:23:42 PM PST by AK_47_7.62x39

From today's press release from the US Mint:

"because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced. The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products."

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy
KEYWORDS: silver; silverinflation
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Silver at anything under 60 dollars an ounce is a screaming bargain. I have been buying from the idiots who were calling a top since silver was at 16 dollars an ounce.

Adjusted for inflation,the lifetime high of gold would be over 2,000 dollars per ounce and for silver would be over 150 dollars per once.

Silver is the trade of the century, if not the millennium.

1 posted on 03/02/2011 7:23:47 PM PST by AK_47_7.62x39
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To: AK_47_7.62x39
Are you sure they said "2010-dated?"
2 posted on 03/02/2011 7:25:39 PM PST by hinckley buzzard
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To: AK_47_7.62x39

“ifetime high of silver would be over 150 dollars per once”

but that’s the insane Barclays corner of $50. That doesn’t count as a real price.


3 posted on 03/02/2011 7:26:11 PM PST by Christian Engineer Mass (25ish Cambridge MA grad student. Many younger conservative Christians out there? __ Click my name)
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To: Christian Engineer Mass
"but that’s the insane Barclays corner of $50"

I thought that the Hunt brothers were behind that action.

4 posted on 03/02/2011 7:28:57 PM PST by matthew fuller (My list: Bachman, Barbour, Bolton, Cain, Liz Cheney, Daniels, DeMint, Inhofe, Palin, and Pawlenty .)
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To: Christian Engineer Mass
"but that’s the insane Barclays corner of $50"

I thought that the Hunt brothers were behind that action.

5 posted on 03/02/2011 7:28:57 PM PST by matthew fuller (My list: Bachman, Barbour, Bolton, Cain, Liz Cheney, Daniels, DeMint, Inhofe, Palin, and Pawlenty .)
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To: matthew fuller

I swear that I only hit “post” once.


6 posted on 03/02/2011 7:30:03 PM PST by matthew fuller (My list: Bachman, Barbour, Bolton, Cain, Liz Cheney, Daniels, DeMint, Inhofe, Palin, and Pawlenty .)
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To: AK_47_7.62x39

They ran out of silver BLANKS. Remember my dog is an animal and my cat is an animal. Therefore my dog is a cat.


7 posted on 03/02/2011 7:30:36 PM PST by Domangart
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To: AK_47_7.62x39

They should just substitute gold for the silver, and chrome plate it. No one will know the difference.


8 posted on 03/02/2011 7:31:39 PM PST by UCANSEE2 (Lame and ill-informed post.)
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To: Mears

bfl


9 posted on 03/02/2011 7:33:15 PM PST by Mears
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To: AK_47_7.62x39

But, but, the US Mint is REQUIRED to provide silver coin, by law.

The short squeeze of the century is coming soon!


10 posted on 03/02/2011 7:33:30 PM PST by TruthConquers ( Delendae sunt publicae scholae)
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To: matthew fuller

I believe you.

I think one day last month, I had a repeater post that was so many, people were asking if it was a record.

LOL


11 posted on 03/02/2011 7:34:50 PM PST by TruthConquers ( Delendae sunt publicae scholae)
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To: matthew fuller

Okey Dokey
Two Hunts two posts.
But that was a bizarre episode.
There AINT no F@#k#n Hunts this time,
give it up.


12 posted on 03/02/2011 7:36:46 PM PST by nkycincinnatikid
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To: AK_47_7.62x39

I have BU gold but the shipping and handling charges will be a bit steep.


13 posted on 03/02/2011 7:37:18 PM PST by eyedigress ((Old storm chaser from the west)?)
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To: AK_47_7.62x39

Even money this is not temporary.

I think this is the end of US silver coins forever.


14 posted on 03/02/2011 7:37:57 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: AK_47_7.62x39

This is a little bit snarky, because by law, SE’s are supposed to be coined only from silver mined from US mines.

Now, I realize that the entire concept of actually enforcing laws is about as obsolete as a Smith Corona typewriter...but still.

I started buying silver at $7 and have been buying it since. It’s getting harder and harder to pay this much, $34+ for it. But this is why I believe one must sell some occasionally and buy some occasionally.


15 posted on 03/02/2011 7:40:35 PM PST by Attention Surplus Disorder (Which has more wrinkles? Helen Thomas' face or Lawrence O'Donnells' panties?)
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To: TruthConquers

But, but, the US Mint is REQUIRED to provide silver coin, by law.

The short squeeze of the century is coming soon!

They will try and slow it down by importing Chinese or African silver, it is doable, and has been done with everything else why not buy the Chinese silver? That’s my rant anyways.


16 posted on 03/02/2011 7:42:16 PM PST by Morpheus2009 (I pity the fool - Mr. T)
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To: mamelukesabre

Home depot was out of silver solder i went to 6 stores today all gone


17 posted on 03/02/2011 7:43:35 PM PST by al baby (Hi Mom!!! <sarc>)
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To: AK_47_7.62x39
“Silver is the trade of the century, if not the millennium. “

Only if you know when to get out. Everything runs it's cycle.

18 posted on 03/02/2011 7:44:37 PM PST by HereInTheHeartland (Vote like Obama is on the ballot)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


19 posted on 03/02/2011 7:47:29 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Morpheus2009

Who knows what’s in the Chinese silver.

I mean, don’t they have a company on the web that advertises gold plated tungsten?

In fact, I just remember seeing an article recently, probably last month, of fake Chinese Silver Morgans in the Seattle area. The sound of the coin was the tip off, and they were in mint, uncirculated, condition.

Lord only knows what Chinese silver would be made of.
I would not trust Chinese silver, ever!


20 posted on 03/02/2011 7:50:25 PM PST by TruthConquers ( Delendae sunt publicae scholae)
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