Will it finally happen?

[vertical1]

time to....]CRANK IT BABY..!!!!!.....ya think?? maybe...?? perhaps...??

Ag guy

Did you say "TO DA MOON?"

[Ag guy]

Did you say "TO DA MOON?"

We hope for the Moon but, it usually ends up somewhere around Uranus

[SilverPalm]

https://www.zerohedge.com/news/2023-...onored-analyst

This is just the first few paragraphs -

Summary

1. The American Silver Eagle (ASE) 1 troy oz silver coin produced by the US Mint is the primary bullion investment for many small investors in America. ASE investment is substantial. Over 619 million coins have been bought valued over $15 billion. The silver invested in ASEs contain 17 times more silver than the registered silver backing the entirety of comex silver trading.

2. The US Mint is bound by the Liberty Coin Act (statute 99-61) to meet market demand of ASE coins.

3. Until recently the US Mint dutifully complied with the law regarding production volumes. Over nearly 4 decades, the Mint overcame significant challenges such as increasing production by 450% between 2007 and 2016 and substantially increasing production during the covid induced supply chain disruption in 2020.

4. In February 2021 a grass roots movement called “Silver Squeeze” commenced on social media with the group investing in a multitude of silver products including ASE coins. The increased coin demand drove market premiums as high as 30%, far above typical coin premiums.

5. Over the following 8 months through September of 2021 there was minimal production increase from the Mint despite the continued elevated coin premiums.

6. The Director of the Mint, David J. Ryder, resigned Sept 24, 2021. His replacement was Ventris Gibson.

7. Immediately after the change in Director, the Mint’s coin production was cut by 50% from an average of 2.6 million coins per month to 1.3 million. Coin premiums soared as high as 75% which is more than 6 times the typical market rate.

[ynot2k]

^^^ thank you SilverPalm for finding an answer to the question of why premiums have run so far upwards.

[DaveH]

He was trying to get his article picked up by zerohedge, good for him. He posts interesting Silver data and commentary, not hype, on his Twitter feed at @DtDS_WSS and at his Reddit community- www.reddit.com/r/SilverDegenClub where he posts as Ditch_the_Deepstate. His posts are worth a look.

[Ag guy]

We hope for the Moon but, it usually ends up somewhere around Uranus

YUP...just when you get a bit excited...Down 84 cents -3.38%

[Atlas Shrugged]

Ventris Gibson sounds like a Bond villain.

EDIT: Sorry, just a diversity hire.

[Atlas Shrugged]

How is this already sold out?

https://catalog.usmint.gov/peace-sil...oduct-schedule

We need a new US Mint director.

[sam740]

How is this already sold out?

https://catalog.usmint.gov/peace-sil...oduct-schedule

We need a new US Mint director.

At that price ($76.00), who would buy one?

[LongDonSilver]

YUP...just when you get a bit excited...Down 84 cents -3.38%

When it does take off for the moon most people will have sold their Ag at a loss and will be whining that PM sucks. They'll repurchase when Ag hits it's new top and start the process all over again.