U.S. Mint Is Sold Out Of Silver Eagles

Silver Doctors broke the story:   Silver Doctors – Mint cleaned out of silver eagles in 2 hours. I have confirmed this report with A-mark, who is one of the mint’s authorized primary dealers.  My latest mining stock idea is getting more valuable by the day:   LINK

Just confirmed that in western Canada, dealers are sold out of maple leafs and customers are being put on a waiting list.

8 thoughts on “U.S. Mint Is Sold Out Of Silver Eagles

  1. Just checked around up here on the left coast or ‘wet’ coast and it looks like anyone wanting gold or silver maples will have to wait. Most outlets are taking names to be put on a wait list. Of course there are gold and silver products still available, providing you are willing to pay the premiums asked! Which are going higher.

    By the time “Joe Public” wakes up and smells the coffee (which I think is now) there will be no gold or silver to be had. Too late. The train has left the platform.

    1. JM Bullion gots a million of dem silver eagles. Free delivery.

      Greenspan gave the sell signal the other day.

      Shouldn’t you be selling also?

  2. UPDATE:
    New post- 2008 closing low hui today 147, which then 2008 was a hair over 150.

    only speed bump i see enroute to zero is the .786 retrace of the entire 35- 640 HUI from the 2000 low to 2011. that is 130.

  3. I didn’t wake up to PM investing until fairly recently, silver was $26 (and on its way to $49) when I bought my first roll of Eagles. Didn’t like the look of the newer satin finish ASE so I stacked 1992 and older ASEs… shiny. Then I saw the film ‘Looper’ ~ if you haven’t seen it yet, do it. I think that’s where we’re headed globally, sans the time travel. Been stacking 10 oz bars since. Damn, that film had a real impact on me. With all the incredible industrial properties of silver, and growing myriad of uses, combined with its monetary history and the fact the U.S. geological survey said it will be the first major industrial metal to be mined out of existence ~ I can see platinum level pricing on a long enough timeline.

  4. The Agony and the Ecstasy

    Fed Chairman Janet Yellen is concerned about “nonexistent” real wage growth following the decline in real median family incomes by one-eighth between 2004 and 2013. How does this fit with the pickup in GDP and job growth?

    The Bank of England’s Chief Economist, Andrew Haldane, recently unveiled two indexes, akin to the misery indexes of yore, that shed some light on this question. The “ecstasy index,” based on unemployment, inflation and GDP growth, shows the U.K. economy to be “firmly on the front foot,” if not quite ecstatic as yet. For the U.S., such an ecstasy index – perhaps adding equity prices to the mix – might arrive at a similar conclusion.

    But Haldane’s “agony index,” containing real wages, real interest rates and productivity growth, is “at painfully low levels” in the U.K., as it is also likely to be in the U.S. It supports the hypothesis of secular stagnation, whose possible causes “include rising levels of inequality, worsening levels of educational attainment, a rising debt overhang, lower prices for investment goods, rising levels of youth unemployment and lower levels of innovation.” Surveying the evidence, Haldane leans towards the gloomier view.

    ECRI’s analysis of different kinds of income over the past four decades (see chart) reveals that employee compensation less Social Security contributions (teal line) as a percentage of Gross Domestic Income (GDI) has been trending down since the 1970s. It is now near a record low, consistent with the decline in real median family income since 2004 – especially with GDI itself growing at only a 1½% annual rate over that time period. This inexorable decline lies at the heart of the agonizing structural malaise gutting middle class incomes.

    What have risen are transfer payments, which remain near a record high (red line), and the net operating surplus of private enterprises excluding fixed capital consumption (black line), which is near an ecstatic multi-decade high (black line).

    We have, then, a longstanding structural headwind in the employee compensation share of GDI, whose own growth rate has been struggling to stay above the Fed’s 2% “stall speed” since the Great Recession. Having dipped below 2% away from recession only once in the previous half-century, this GDI measure has done so four times in the last four years or so, recalling the fact that Japan – where trend growth is even lower – is now on the cusp of its fourth outright recession since 2008, validating our ”yo-yo years” thesis. Indeed, since Q3 2012, GDI growth has actually averaged under 2% a year in the U.S. – less than the “stall speed” itself.

    Ms. Yellen has said that the purpose of the Fed’s accommodative policy, including QE, is to get the economy back to “business as usual.” This requires the Fed to achieve “liftoff” for the Fed Funds Rate to rise above the zero lower bound before the next recession hits, allowing the Fed to then cut rates as it used to. This is the elephant in the room: what if they are unable to do so? Maybe, in the yo-yo years, one can never get back to “business as usual.”

    https://www.businesscycle.com/ecri-news-events/news-details/economic-cycle-research-ecri-the-agony-and-the-ecstasy

    Go for the Gold and Silver!!!

    In The Agony and the Ecstasy, news arrives one night that, “instead of getting better, Lorenzo [de’ Medici] was failing. A new doctor had been sent for, Lazzaro of Pavia, who had administered to Lorenzo a pulverized mixture of diamonds and pearls. This hitherto infallible medicine had failed to help.” Today, with the markets having started to suspect that “hitherto infallible” monetary medicine may no longer work, increasingly exotic prescriptions may have to be administered.

  5. ABN Calls Gold a Falling Knife With Prices at $800 Next Year

    The selloff in gold is set to deepen as the dollar will probably extend gains, according to ABN Amro NV, which forecast that the precious metal may end this year at $1,100 an ounce and finish 2015 at $800.

    “Don’t try to catch a falling knife,” analyst Georgette Boele wrote in an e-mailed report received today. “The U.S. dollar rally has further to run, especially if the Fed turns more hawkish this year.”

    http://www.bloomberg.com/news/2014-11-06/don-t-catch-a-falling-knife-abn-says-gold-s-rout-set-to-deepen.html

    You mean this abn amro?

    The canary in the mine was ABN AMRO, a major Euro bullion dealer, defaulting on its
    contracts earlier in April. ABN AMRO sent a circular to its customers in
    early April that gold contracts with the bank could only be settled in
    future in cash. Don’t ask for gold-we don’t have it. But rather than
    default why wouldn’t the Dutch bank simply borrow bullion from other
    major players like JP Morgan? Well, it turns out JP Morgan et al were
    running out of gold as well (see link to JPM). So ABN AMRO was forced to
    default because gold was simply unavailable in the system (it also
    suggests that major CBs like the Fed may lack eligible deliverable
    gold).

    So far so good. Let’s orchestrate a smash of gold so we don’t all have
    to default like ABN AMRO.

    By Pacific Group’s kind permission, Kaye’s letter is posted at GATA’s Internet site here:

    http://www.gata.org/files/PacificGroupLetter-05-10-2013.pdf

  6. For what it’s worth, just got off the phone with the manager of a fairly large coin shop in the St. Louis area. His comments below:

    As of 11:00 am yesterday, the US Mint and the Royal Canadian Mint have suspended ALL bullion sales. This includes coins AND bars. They are no longer taking orders nor have they said when they will lift the suspension

    He has no ASEs or Maple Leafs in stock and he doesn’t know when they’ll be available. He guessed that the mints may just wait until they re-tool for 2015 which could mean 6 weeks before they’re selling product again. (that was just his guess)

    He said this year has been different in that no one is willing to sell their bullion. In years past, he said he had a constant stream of over the counter sales (customers selling to him) but that hasn’t been the case this year. He guessed that for every 100 ounces he buys, only 1 oz comes from customers selling back to him

    Premiums are definitely going up (he emphasized this point)

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