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Thread: Mints Scouring America for Raw Silver

  1. #1

    Default Mints Scouring America for Raw Silver

    Mints Scouring America for Raw Silver
    Clint Siegner | Monday, August 3rd
    SilverSeek.com

    The big spike in investment coins, rounds, and bars is almost certainly behind the unusual delivery activity at COMEX warehouses.

    Our sources indicate mint and refinery demand is largely responsible for this “jumping [of] the queue” and offtake of 1,000-ounce bars. The silver is needed for manufacturing into smaller retail products currently in very short supply.

    Some major precious metals depots around the country, such as those in Los Angeles, completely ran out of all forms of pure silver last week, and mint owners are scouring the country to lock up the silver they need to keep production running.
    ...
    However, if mints can’t readily get their hands on the raw silver needed for production to run at full tilt, orders could get backed up for weeks or even months.

    The retail and wholesale market for silver is tight as a drum and shows no signs of loosening. Another spike in demand may clean it out completely.
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some menís principle to pay interest, and seems against othersí interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

  2. #2
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    From Article: "The retail and wholesale market for silver is tight as a drum and shows no signs of loosening. Another spike in demand may clean it out completely. "

    Yes, and one more big push of cranking up those "Price Discovery" Digital Ounces should do it ......

    We'll go from Retail Shortages to Wholesale Shortages to Refinery Shortages to eventually Mining Shortages ......
    Come On "$5" Silver !!!!
    Better yet Zero .............

  3. #3

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    This is fantastic news. Premiums should be through the roof with the Mint "scouring" the country for silver. They should go to pawn shops and garage sales.

  4. #4

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    Quote Originally Posted by KILOFINAL7 View Post
    ...They should go to pawn shops and garage sales...
    That is very funny, imagine seeing Obama or Biden at pawn shops/garage sales looking for silver to bail the US out of debt

  5. #5

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    And

    They run out, none left for manufacturing, none for minting...none

    None "available", that is. JIT delivery systems fail so naturally the premiums are going to go up
    With news like this, premiums are going to stay up

    so...
    You're CIC, Chief In Charge, what are You going to do to keep your manufacturing alive?

    And no, don't go all prissy on my post "you didn't count on all the recycled silver..." blah blah blah

    We All Know the scope of the game being played on us, it's real

    So, what would You do?

    It would be real easy to change the price and ASK for some Redemption as it would be The American Way and when that doesn't work, prices are getting harder for "them" to keep down, perhaps it will all be recalled. Not ALL of it, just some "decreed" pieces would be requested to be "donated" to help the cause...because It Would Be The Right Thing To Do...(basturd)

    But, I said Perhaps!

    My suggestion would be a path of "least resistance"

    What Would You Do?

  6. #6

    Default Wrapping Up July Comex Silver Deliveries

    tfmetalsreport link from WhatsUpDoc1958 post above

    "Again, I can't overstate how unusual this is and how different it is from the norm. In a "normal" month where total deliveries came in at 85%, we would have seen about 2,300 total deliveries. Instead, we saw 3,637 (135%). Therefore, we're left to conclude that and additional 1,300 contracts were demanded for immediate delivery in July. This means that someone or something funded their account with 100% margin, jumped the "queue" and demanded immediate delivery of 6,500,000 ounces of silver. At prices ranging around $15/ounce, that's nearly $100,000,000."

    "On the bright side, only physical demand will/can break this fraudulent system. All of these anecdotal reports of extreme demand combine to chip away at the foundation of the scam. Let's hope it continues and that, one day, a true and fair price for silver will finally be realized...a "price" that actually reflects its true value."

    Seems We're not in Kansas anymore.....
    Last edited by Mytal; 08-03-2015 at 08:31 PM.

  7. #7
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    Quote Originally Posted by Mytal View Post
    tfmetalsreport link from WhatsUpDoc1958 post above

    Seems We're not in Kansas anymore.....
    Most particularly since 2008, very very little has been real in relation anything (formally free) Markets, Geopolitics or "opinion shaping".
    I liken it to a Nothing is Real Wonderland.
    Lies and Falsehoods are always eventually corrected though ...
    Via sh*t storms of Truths and Realities that is .........

  8. #8

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    If all this investment the silver is not really going anywhere, can't see the shortage myth in that. I think we should see silver heading back up again, and soon.

  9. #9

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    Another silver shortage...never heard that one before lol
    One in a million...GNR ...sums it up nicely

  10. #10

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    Quick question; if prices stabilize at this level and premiums go back to normal, are you guys going to rethink your assumptions or just rationalize it away? I mean every dollar price point since the mid $20's has been unsustainable and a sure point where the physical/paper markets will separate.

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