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Gold and Silver Eagle sales way down YOY
- Thread starter 2014
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I just recently passed 2000oz (a MAJOR personal milestone for me), and have now readjusted my ultimate goal to be my own weight in silver oz (around 2500 oz). So overall, around 23.50$/oz (premiums in). :36_11_6: My goal for next year is to reach 3000oz from the current 2625oz. 
epsi:I would be very happy to add another 500oz over the next 12 months,:cheers: but I don't think that's likely as I think it quite unlikely that the POS will still be down at 20$ for all of next year.:haha:
epsi:I would be very happy to add another 500oz over the next 12 months,:cheers: but I don't think that's likely as I think it quite unlikely that the POS will still be down at 20$ for all of next year.:haha:- Joined
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DYODD, stands for due your own due diligence. Same goes for any Kitco posters. Do you think they would be sending some_math_guy part of their profits had silver of doubled? I don't think so, so why are you trying to make him feel bad about their losses? No one knows what the price is going to do with a 100% certainty.
Basically what I've seen of your posts so far is that you are a crap stirrer, you got banned from Kitco so you came here to get your rocks off. (as well as bullionstacker)
Basically what I've seen of your posts so far is that you are a crap stirrer, you got banned from Kitco so you came here to get your rocks off. (as well as bullionstacker)
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Not usually, although I think you were overly harsh to HistoryStudent. He should be able to post what he thinks the price is going to do without getting bashed, just like you should be able to post that you think the price of silver is going down. I would agree that he was over the top with some of his predictions, but does it really matter? If someone bases their investment decisions based on what someone on the internet posted then that's on them, not anyone else. Price predictions are just an opinion, no one is going to be right a 100% of the time.
And yes Gcubed you were right about the price taking a downturn. Myself, history student, and probably a bunch of others on this forum were wrong. I really did not think we would see the teens (or even $25), but here we are :hmpf:
And yes Gcubed you were right about the price taking a downturn. Myself, history student, and probably a bunch of others on this forum were wrong. I really did not think we would see the teens (or even $25), but here we are :hmpf:
The moonies feed off of each other & absolutely refuse to even consider an opposing viewpoint. New people think,hey the sky is falling, & all of these people agree.. Let me buy ASAP
You guys know what you are doing... Don' even pretend that you aren't trying to create artificial demand..
Look at WhatsupDoc & his 587 ASE threads..Bruce 7
You guys know what you are doing... Don' even pretend that you aren't trying to create artificial demand..
Look at WhatsupDoc & his 587 ASE threads..Bruce 7
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They sold out of 2012 coins on 12/17/12 and suspended sales until the 2013's were available 1/7/13: http://news.coinupdate.com/us-mint-sold-out-of-silver-eagle-bullion-coins-1766/
It's amazing to see the number of these coins sold the last four or five years. To match last year will be a tall order. There are mainstream reports that indicate that the US Mint could not get the blanks and therefore could not take orders. ASE sales alone will not determine the direction of price. ETF's will play an even bigger role. Right know the lowest premium I've seen is $3.49 over spot at GEC and which is more than most people are willing to shell out. I still think 30 million get sold this year assuming the Mint has the ability to produce them.
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I guess that in the end, my mistake was underestimating the level of depravity that financiers and the US government would go to in order to preserve the monopoly on their ability to ‘print’ wealth, by stealing it from producing citizens (you and me) through inflation. Someday, perhaps the HFT algorithms will be set to ‘price’ gold and silver at $0.01, completely destroying paper longs and PM ETF fund holders, while real physical gold and silver go completely underground with none to be had whatsoever, anywhere. Gold and silver will always, always have intrinsic value – something that can’t be said about dollars, euros, US Treasuries, stock certificates, or mortgages – which are all promises to pay. When the counterparty can’t pay, the promise is worthless. And mathematically, we all know that nearly all governments, pension funds, and corporations simply ‘cannot pay’ their counterparties going forward. The math simply doesn’t work. :signs14:
This steamrolling of gold and silver is nothing more than a highly coordinated, pre-planned attack on holders of real money, to wipe out paper silver traders and frighten you into selling, and sour you on the merits of precious metals as the most viable alternative to the fiat debt slave system. The fact that such an egregious attack has been committed in plain sight (selling 500 tons of gold into the market in 30 minutes), with no regulatory questions asked whatsoever, should tell you everything that you need to know about how important it is to hold real physical gold and silver during the coming Special Period, during which promises by essentially all governments will be broken (Pensions, Social Security, free healthcare and entitlements for all retirees) due to massive deficits and bankruptcy, inflation will be a cruel 20-30% annually, and the government will become increasingly draconian in it’s attempts to take everything from you in order to continue feeding the Government beast. Somewhere at the end of all of this is a total collapse of the paper monetary system, just as has happened every one of the thousands of times this has happened to other countries throughout history when TPTB tried to use unbacked paper money to ‘print’ prosperity. Within Japan now openly planning 3% inflation (which means 10%+ inflation in the real world) and $2 trillion of freshly-created fiat currency planned over the next 12 months by just the US and Japan alone (with no end in sight) and the US, the printer of the world’s reserve currency increasing the FRN money supply by a factor of 700% in just 7 years (800 Billion to 6 trillion from 2008 to 2015), the writing is on the wall for the largest devaluation of paper currency in the history of mankind. That, my friends, is a mathematical certainty. Once those trillions upon trillion of Excess Reserves start getting lent out, once the Fed Carry Trade ends sometime in the next decade, monetary aggregates and prices are going to increase so fast, you won’t believe it.
Perhaps the takeaway lesson from all of this carnage is
‘Don’t try to understand the workings of the psychopathic Banking Cartel. Just buy as much physical silver as you can reasonably afford every month, regardless of price - until the mathematically-inevitable collapse of the dollar and consequently all fiat currencies commences’.
I do feel that I should apologize if people feel let down or that I misled them. :signs14:As I’ve said before, I’m no guru, but I do say what I think and act on what I say. Everybody is of course free to make their own decisions, but hopefully my posts help with your understanding and to put things in perspective. The feud between precious metals and the financial establishment has had many battles throughout the centuries, and will have many, many more…but history shows that gold and silver ALWAYS WIN OUT in the end. Regardless of individual battles lost or won, gold and silver have always won the war eventually when the society acknowledges collectively that asset-backed money with intrinsic value must be re-instituted, otherwise wealth will always eventually be appropriated by psychopaths in government and finance. This time will be no different…just on a much grander scale as the fiat currency experiment is global this time around.
Personally, I measure my wealth in ounces, and by that timeless metric I’m getting wealthier every single month. Are you?:36_1_11:
Keep stacking,
some_math_guy
This steamrolling of gold and silver is nothing more than a highly coordinated, pre-planned attack on holders of real money, to wipe out paper silver traders and frighten you into selling, and sour you on the merits of precious metals as the most viable alternative to the fiat debt slave system. The fact that such an egregious attack has been committed in plain sight (selling 500 tons of gold into the market in 30 minutes), with no regulatory questions asked whatsoever, should tell you everything that you need to know about how important it is to hold real physical gold and silver during the coming Special Period, during which promises by essentially all governments will be broken (Pensions, Social Security, free healthcare and entitlements for all retirees) due to massive deficits and bankruptcy, inflation will be a cruel 20-30% annually, and the government will become increasingly draconian in it’s attempts to take everything from you in order to continue feeding the Government beast. Somewhere at the end of all of this is a total collapse of the paper monetary system, just as has happened every one of the thousands of times this has happened to other countries throughout history when TPTB tried to use unbacked paper money to ‘print’ prosperity. Within Japan now openly planning 3% inflation (which means 10%+ inflation in the real world) and $2 trillion of freshly-created fiat currency planned over the next 12 months by just the US and Japan alone (with no end in sight) and the US, the printer of the world’s reserve currency increasing the FRN money supply by a factor of 700% in just 7 years (800 Billion to 6 trillion from 2008 to 2015), the writing is on the wall for the largest devaluation of paper currency in the history of mankind. That, my friends, is a mathematical certainty. Once those trillions upon trillion of Excess Reserves start getting lent out, once the Fed Carry Trade ends sometime in the next decade, monetary aggregates and prices are going to increase so fast, you won’t believe it.
Perhaps the takeaway lesson from all of this carnage is
‘Don’t try to understand the workings of the psychopathic Banking Cartel. Just buy as much physical silver as you can reasonably afford every month, regardless of price - until the mathematically-inevitable collapse of the dollar and consequently all fiat currencies commences’.
I do feel that I should apologize if people feel let down or that I misled them. :signs14:As I’ve said before, I’m no guru, but I do say what I think and act on what I say. Everybody is of course free to make their own decisions, but hopefully my posts help with your understanding and to put things in perspective. The feud between precious metals and the financial establishment has had many battles throughout the centuries, and will have many, many more…but history shows that gold and silver ALWAYS WIN OUT in the end. Regardless of individual battles lost or won, gold and silver have always won the war eventually when the society acknowledges collectively that asset-backed money with intrinsic value must be re-instituted, otherwise wealth will always eventually be appropriated by psychopaths in government and finance. This time will be no different…just on a much grander scale as the fiat currency experiment is global this time around.
Personally, I measure my wealth in ounces, and by that timeless metric I’m getting wealthier every single month. Are you?:36_1_11:
Keep stacking,
some_math_guy
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As Jason Hommel says,
'I strongly advise you to take possession of real gold and silver, at anywhere near today's prices, while you still can. The fundamentals indicate rising prices for decades to come, and a major price spike can happen at any time.
:cool1: He said in an interview once that he stores his silver hoard in freezers. He said he keeps in shape by hefting all of that silver around...I believe he said he has several million ounces of .999 silver.
Now that's a storage 'problem' I would like to have!:15_1_70v:
'I strongly advise you to take possession of real gold and silver, at anywhere near today's prices, while you still can. The fundamentals indicate rising prices for decades to come, and a major price spike can happen at any time.
:cool1: He said in an interview once that he stores his silver hoard in freezers. He said he keeps in shape by hefting all of that silver around...I believe he said he has several million ounces of .999 silver.
Now that's a storage 'problem' I would like to have!:15_1_70v:
JH is now pimping miners... Seems he's went "paper" wooooooo
Or maybe,he's just a pumper
http://silverstockreport.com/2014/mm.html
Or maybe,he's just a pumper
http://silverstockreport.com/2014/mm.html
It was posted in sales and deals thread.
http://www.goldismoney2.com/showthread.php?26458-HEADS-UP-NEW-OFFERS-SALES-or-DEALS/page43
http://www.goldismoney2.com/showthread.php?26458-HEADS-UP-NEW-OFFERS-SALES-or-DEALS/page43
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Yeah I read that earlier today. Most likely 4 million won't be sold as only 900,000 a week are made available.
Premiums are still steady at $3.49 over spot unless you buy in large quantities. People still seem to be buying them up. I usually buy 5 rolls at a time but this year I only bought 2 rolls. I will wait to buy more when the premium comes down.
Premiums are still steady at $3.49 over spot unless you buy in large quantities. People still seem to be buying them up. I usually buy 5 rolls at a time but this year I only bought 2 rolls. I will wait to buy more when the premium comes down.
I guess there is no demand for ASEs, part of the reason the mint needs an allocation program. :vollkommenauf:
Market Continues To Purchase “All” Allocated Silver Eagles From U.S. Mint
Filed in Precious Metals by SRSrocco on February 24, 2014 • 7 Comments
As sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint. Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
This means its authorized dealers are limited to the amount of Silver Eagles they can purchase each week. Michael White, the Public Affairs person for the U.S. Mint, told me that in order for the Mint to build up inventory of Silver Eagles, it has to ration sales to its authorized dealers.
For the second week in February (10th – 14th), the U.S. Mint allocated 900,000 Silver Eagles. At the beginning of that week, total sales were 850,000. By Friday, the 14th, total sales reached 1,750,000.
Here we can see that the authorized dealers bought every available Silver Eagle for the week.
The U.S. Mint just updated its sales figures today (Feb 24th), with an astonishing 744,500 Silver Eagles sold in one day:
I noticed in the past several weeks, 80-90% of the total allocated weekly Silver Eagle amount was sold on the first day of the week. Just when I was getting ready to include my next chart in this article, I checked the U.S. Mint website to see if they updated their Gold Eagle sales.
I wanted to make sure that I had the most current Gold Eagle sales figures for my Silver/Gold Eagle ratio chart. When I updated the U.S. Mint’s Bullion figures, they sold an extra 81,000 Silver Eagles — within the hour.
Including the second update, the U.S. Mint sold 825,000 Silver Eagles today. I emailed Mr. White to see what the weekly allocation of Silver Eagles will be this week. He replied stating the total allocation figure for the week to be 1,250,000. I will provide an update on Friday to see if the authorized dealers consumed the total amount.
Furthermore, the current 3,325,500 February Silver Eagle sales figure, is only 43,000 less than last year’s February total of 3,368,500.
I have to say, this is the largest amount of Silver Eagles sold in one day if we exclude the first day sales in the beginning of 2014.
SILVER EAGLE MARKET: Red Hot
Even though the huge amount of Eastern gold buying continues to steal the show, retail investors are purchasing more Silver Eagles to Gold Eagles than ever. If we take a look at the chart below, we can see a definite trend:
In 2010, the U.S. Mint sold 34.6 million Silver Eagles and 1.22 million Gold Eagles for a ratio of 28 to 1. Each year, the ratio has increased. Last year, the U.S. Mint sold a record 42.6 million Silver Eagles compared to 856,500 oz of Gold Eagles.
Thus, the Silver to Gold Eagle ratio increased to 50 to 1 in 2013. So far this year, the U.S. Mint sold 8.1 Silver Eagles and 116,000 oz of Gold Eagles. Investors are currently buying 70 Silver Eagles to every Gold Eagle.
It will be interesting to see how 2014 unfolds. As the Chinese continue to consume nearly 100% of the annual world gold mine supply, the paper precious metal trading exchanges will come under severe stress.
Supplies of physical gold and silver will become tighter as the global financial system weakens. In the future, as one metal suffers a shortage, I would bet my bottom silver dollar, investors will soak up supply of the other.
Time is running out for investors to protect their wealth in gold and silver.
http://srsroccoreport.com/market-co...se-all-allocated-silver-eagles-from-u-s-mint/
Market Continues To Purchase “All” Allocated Silver Eagles From U.S. Mint
Filed in Precious Metals by SRSrocco on February 24, 2014 • 7 Comments
As sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint. Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
This means its authorized dealers are limited to the amount of Silver Eagles they can purchase each week. Michael White, the Public Affairs person for the U.S. Mint, told me that in order for the Mint to build up inventory of Silver Eagles, it has to ration sales to its authorized dealers.
For the second week in February (10th – 14th), the U.S. Mint allocated 900,000 Silver Eagles. At the beginning of that week, total sales were 850,000. By Friday, the 14th, total sales reached 1,750,000.
Here we can see that the authorized dealers bought every available Silver Eagle for the week.
The U.S. Mint just updated its sales figures today (Feb 24th), with an astonishing 744,500 Silver Eagles sold in one day:
I noticed in the past several weeks, 80-90% of the total allocated weekly Silver Eagle amount was sold on the first day of the week. Just when I was getting ready to include my next chart in this article, I checked the U.S. Mint website to see if they updated their Gold Eagle sales.
I wanted to make sure that I had the most current Gold Eagle sales figures for my Silver/Gold Eagle ratio chart. When I updated the U.S. Mint’s Bullion figures, they sold an extra 81,000 Silver Eagles — within the hour.
Including the second update, the U.S. Mint sold 825,000 Silver Eagles today. I emailed Mr. White to see what the weekly allocation of Silver Eagles will be this week. He replied stating the total allocation figure for the week to be 1,250,000. I will provide an update on Friday to see if the authorized dealers consumed the total amount.
Furthermore, the current 3,325,500 February Silver Eagle sales figure, is only 43,000 less than last year’s February total of 3,368,500.
I have to say, this is the largest amount of Silver Eagles sold in one day if we exclude the first day sales in the beginning of 2014.
SILVER EAGLE MARKET: Red Hot
Even though the huge amount of Eastern gold buying continues to steal the show, retail investors are purchasing more Silver Eagles to Gold Eagles than ever. If we take a look at the chart below, we can see a definite trend:
In 2010, the U.S. Mint sold 34.6 million Silver Eagles and 1.22 million Gold Eagles for a ratio of 28 to 1. Each year, the ratio has increased. Last year, the U.S. Mint sold a record 42.6 million Silver Eagles compared to 856,500 oz of Gold Eagles.
Thus, the Silver to Gold Eagle ratio increased to 50 to 1 in 2013. So far this year, the U.S. Mint sold 8.1 Silver Eagles and 116,000 oz of Gold Eagles. Investors are currently buying 70 Silver Eagles to every Gold Eagle.
It will be interesting to see how 2014 unfolds. As the Chinese continue to consume nearly 100% of the annual world gold mine supply, the paper precious metal trading exchanges will come under severe stress.
Supplies of physical gold and silver will become tighter as the global financial system weakens. In the future, as one metal suffers a shortage, I would bet my bottom silver dollar, investors will soak up supply of the other.
Time is running out for investors to protect their wealth in gold and silver.
http://srsroccoreport.com/market-co...se-all-allocated-silver-eagles-from-u-s-mint/