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Message: the price of silver is down in new york...

the price of silver is down in new york...

posted on Mar 18, 2009 08:03AM

but the us mint has no silver (or gold) for sale. not the special collector coins, or even the plain vanilla gold and silver eagles. patrick heller explains in an article appropriately titled, "gold manipulation more blatant"





In the meantime, demand for physical gold has taken off again. The U.S. Mint is so far behind at meeting demand for bullion gold and silver American Eagle issues that it last week announced an indefinite suspension of plans to strike 2009-dated proof and uncirculated versions for collectors. Even further, the U.S. Mint also announced that it would not even accept orders from primary distributors for any gold or silver Eagles this week.

On the wholesale market, supplies of gold and silver American Eagles quickly disappeared. The premiums of these coins shot upward. Some retailers now have to decline orders as they don't know when they might be able to fill them or what premiums they will have to pay to acquire merchandise. My earlier prediction that by the end of April it would become almost impossible to find any physical gold or silver bullion-priced items for reasonable delivery is starting to come true.

http://www.numismaster.com/ta/numis/...

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