Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-69 next last
To: TruthConquers

Well if the candy and toys have lead in them silver could have toys and candy in it


21 posted on 03/02/2011 7:55:43 PM PST by al baby (Hi Mom!!! <sarc>)
[ Post Reply | Private Reply | To 20 | View Replies]

To: al baby

LOL!!!!


22 posted on 03/02/2011 7:58:25 PM PST by TruthConquers ( Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Morpheus2009

If the US Mint was going to do that, they would import Mexican silver.

Chinese silver? Prolly silver plated pewter or lead.


23 posted on 03/02/2011 8:05:50 PM PST by Attention Surplus Disorder (Which has more wrinkles? Helen Thomas' face or Lawrence O'Donnells' panties?)
[ Post Reply | Private Reply | To 16 | View Replies]

To: AK_47_7.62x39; All
BNN talks to one of the world's leading investor's and investment strategists Eric Sprott, CEO of Sprott Asset Management and finds out just how precious the metals are.
24 posted on 03/02/2011 8:08:26 PM PST by FromLori (FromLori">)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AK_47_7.62x39

I got in at roughly $14/oz for about my weight in the stuff, plus a large chunk of one 401K invested in SLV.

The dealer I go to a few miles away (old, established and reputable) has lots of bag silver and bars of various denominations in every time I stop by, and lots more back in the vaults: LOTS!

I say this as preface to my point: I find the claim that they can’t get the silver hard to swallow. Just how much of this stuff do they need to fulfill their obligation? Can they simply not afford it? Is something else going on that we don’t know about? Did they not plan ahead to lock in prices on the amounts they needed when so many were catching on about the trends? Just doesn’t make sense to me on the surface.


25 posted on 03/02/2011 8:10:07 PM PST by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TruthConquers

Yeah, it’s why I only do junk silver.


26 posted on 03/02/2011 8:18:42 PM PST by RobRoy (The US Today: Revelation 18:4)
[ Post Reply | Private Reply | To 20 | View Replies]

To: nkycincinnatikid

Well FR has plenty of idiots saying The Federal Reserve is like mom and apple pie. They live fiat currency.

Sadly a lot of naive people have no clue what is going on but they know that Fox News Al Waleed will save them.


27 posted on 03/02/2011 8:19:13 PM PST by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
[ Post Reply | Private Reply | To 12 | View Replies]

To: HereInTheHeartland

>>Only if you know when to get out. Everything runs it’s cycle.<<

Sometimes you know it’s time to get out when the war is over and the boys start coming home.


28 posted on 03/02/2011 8:19:40 PM PST by RobRoy (The US Today: Revelation 18:4)
[ Post Reply | Private Reply | To 18 | View Replies]

To: AK_47_7.62x39

Since WHEN do they use SILVER in US coins???


29 posted on 03/02/2011 8:40:23 PM PST by 2harddrive
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2harddrive

Oh, wait a minute! The US mint is NOT a mint of the United States! It makes fake and commerative “coins”. All is OK, then!


30 posted on 03/02/2011 8:42:48 PM PST by 2harddrive
[ Post Reply | Private Reply | To 29 | View Replies]

To: al baby

wonderful. I do believe we are going to be up sh!t creek soon.


31 posted on 03/02/2011 8:43:14 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
[ Post Reply | Private Reply | To 17 | View Replies]

To: 2harddrive

The silver eagle coin is pure silver. It’s also a beautiful coin.


32 posted on 03/02/2011 8:44:11 PM PST by Publius
[ Post Reply | Private Reply | To 29 | View Replies]

To: RobRoy

Yes, junk silver is the best, and easier to trade.


33 posted on 03/02/2011 8:48:50 PM PST by TruthConquers ( Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 26 | View Replies]

To: TruthConquers

People that are oblivious to silver’s existence know a silver dollar when they see one.


34 posted on 03/02/2011 9:18:12 PM PST by RobRoy (The US Today: Revelation 18:4)
[ Post Reply | Private Reply | To 33 | View Replies]

To: AK_47_7.62x39
because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.

Someone tell Helicopter Ben to go print more money so the Mint can buy some silver.....

35 posted on 03/02/2011 9:24:39 PM PST by mlocher (USA is a sovereign nation)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TruthConquers

Where does one buy junk silver?


36 posted on 03/02/2011 9:45:23 PM PST by RoseyT
[ Post Reply | Private Reply | To 33 | View Replies]

To: RoseyT

There are lots of places.

Most recommend going to a local dealer. I haven’t done that yet. I should though.

This is where we have bought silver and gold:
http://www.buysilvernow.com/index.php
They are in Arizona. You call and place your order. They will wait for your check to arrive and clear. Then they will mail you your order. I haven’t used the others. Maybe you will get other posts.

But here are some others that I see often recommended:
http://www.gainesvillecoins.com/

http://www.tulving.com/

http://www.apmex.com/


37 posted on 03/02/2011 10:23:41 PM PST by TruthConquers ( Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 36 | View Replies]

To: RoseyT
"Where does one buy junk silver?"

You can buy old silver coins on Ebay for close to the Spot price -- sometimes below spot. The silver value of old coins can be calculated here:
http://www.coinflation.com/coins/silver_coin_calculator.html

You can buy privately minted bullion silver at $1 over spot from this private mint, with free shipping and no other fees:
http://bullion.nwtmint.com/silver.php

You can buy mint-sealed American Silver Eagles (bullion) for $2.70 over spot here, with free shipping and no other fees:
http://www.golddealer.com/

38 posted on 03/02/2011 11:58:23 PM PST by UnwashedPeasant (Don't nuke me, bro)
[ Post Reply | Private Reply | To 36 | View Replies]

To: AK_47_7.62x39

This article is misleading. The mint is still making “BULLION” coins. They stopped making only the numismatic “Uncirculated” coins, and this happened last year, I think. That is why it references 2010 coins.

Here is the original notice from the mint:
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13738&langId=-1&parent_category_rn=10191&top_category=10191


39 posted on 03/03/2011 12:03:57 AM PST by UnwashedPeasant (Don't nuke me, bro)
[ Post Reply | Private Reply | To 1 | View Replies]

To: UnwashedPeasant

They have “run out of blanks.” They are unable to acquire the silver they need to mint the coins. There is a silver squeeze going on and the “most reliable” supplier of silver numismatics can’t find enough silver to mint them.

THAT is the import of the article. Don’t be a silly quibbler..... or do, for all I care. Unctuous morons are all over the place babbling about silver being in a “bubble” since it was 17 dollars an ounce, fixated on the returns of the S & P and oblivious to the fact the stock market is denominated in a DYING CURRENCY. I am tempted to respond to them “you deserve what you are going to get” when bread costs 200 dollar a loaf or more, but that would be cruel and hateful. Instead, I will just ask them to please turn down FOX/CNBC so I can place another order with bullion direct without distractions.


40 posted on 03/03/2011 2:30:20 AM PST by AK_47_7.62x39 (There are many moderate Muslims, but there is no such thing as a moderate Islam. -- Geert Wilders)
[ Post Reply | Private Reply | To 39 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-69 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson