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AZFacts
Member since March 2014
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Silver coin shortages, again - Bron Suchecki - Perth Mint

I wonder if the massive surge in silver demand in India is also due to a shortage of blanks? Does it take months to air-ship silver blanks to the US mint... especially as they are so readily available??? The huge disconnect between Comex OI and available inventory is also a non-issue? After already backtracking after calling the derivative blow-out of Citi and JPM a non-issue... one might take this guys commentary with a grain (or a kilo) of salt.

Commented 3204 days ago

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Beginning of the headline :The announcement on Tuesday by the US Mint that it had sold out of silver Eagle bullion coins due to a “significant” increase in demand with no orders being taken until August and possible rationing thereafter has resulted in a surge in coin premiums. Kitco reported that premiums “have already posted a 50% increase and pressure for further premium adjustments is expected” as “physical demand for all silver products has soared over the past two days.” USAGOLD had already been experiencing strong... Read More

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