Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

US Mint Warns It Can’t Meet “Surging Demand” For Silver & Gold
Nation & State ^ | 2-2-2021

Posted on 02/02/2021 8:24:23 PM PST by blam

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-52 last
To: DoughtyOne

Current National Debt at $28 Trillion, soon to be $40 Trillion. I am not seeing this bubble in precious metals you are referring to. I am seeing inflation.


41 posted on 02/03/2021 5:03:50 AM PST by Freedom_Is_Not_Free (America -- July 4, 1776 to November 3, 2020 -- R.I.P.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Dubh_Ghlase
APMEX is 26% above spot for their generic silver rounds. They are delivering on Feb 18 which has improved slightly. They have mints that can guarantee delivery and their physical shortage is only temporary.

OTOH the 2021 silver eagles are 56% above spot.

42 posted on 02/03/2021 5:05:22 AM PST by palmer (Democracy Dies Six Ways from Sunday)
[ Post Reply | Private Reply | To 40 | View Replies]

To: COBOL2Java

I think you are correct re: new design.

Just can’t get myself to like the new design. Wish I could.


43 posted on 02/03/2021 5:08:18 AM PST by Fury
[ Post Reply | Private Reply | To 34 | View Replies]

To: Fury
Just can’t get myself to like the new design. Wish I could.

I'm with you. I've got about 100 of the current American Eagle bullion coins. The Mercanti design is beautiful.

44 posted on 02/03/2021 5:21:50 AM PST by COBOL2Java (Republicans are the court jesters in the kingdom of liberalism)
[ Post Reply | Private Reply | To 43 | View Replies]

To: palmer
US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
45 posted on 02/03/2021 5:31:31 AM PST by Dubh_Ghlase (Oh boy!)
[ Post Reply | Private Reply | To 42 | View Replies]

To: Dubh_Ghlase

Sorry, that link was to have gone to another forum...


46 posted on 02/03/2021 5:32:15 AM PST by Dubh_Ghlase (Oh boy!)
[ Post Reply | Private Reply | To 45 | View Replies]

To: Fai Mao

“9x19 Parabellum might be more useful as currency than gold or silver”

There’s no denying that under extreme circumstance the former can get you the latter.


47 posted on 02/03/2021 5:47:40 AM PST by Tallguy
[ Post Reply | Private Reply | To 4 | View Replies]

To: blam

The US needs to return to the gold standard.
It was once $32/oz now gold is worth about $60 per gram.
Just fix it to $60/gram and go forward. Nothing is better or more stable than a hard metal backed currency.
Of course governments can’t just run their printing presses for fiat currency then, they have to actually have it backed by something tangible.


48 posted on 02/03/2021 7:37:19 AM PST by BuffaloJack (Neither safety nor security exists in nature. Everything is dangerous and has risk.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: riverrunner

I wouldn’t argue with that.

Still, silver didn’t take this move on it’s own. There was
an outside force causing folks to jump in. When that
subsides, I see a softening of the price.

Look, it’s all a crap shoot. It could go to $400 an ounce
for some reason too.


49 posted on 02/03/2021 11:18:26 AM PST by DoughtyOne (The Republican Party is dead. Long live the Founders Party.)
[ Post Reply | Private Reply | To 39 | View Replies]

To: Freedom_Is_Not_Free

I agree in time that is going to kick in.

In the last week the price of silver jumped $10 an ounce.

If silver were doing this on its own, I wouldn’t be saying
this, but it did it because some guys were gaming the
market.

When that subsides, I think we’ll see some softening of
the price.

Buying on a new high is not one of my favorite choices.


50 posted on 02/03/2021 11:20:24 AM PST by DoughtyOne (The Republican Party is dead. Long live the Founders Party.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: DoughtyOne

Sounds like you know more than I do.


51 posted on 02/06/2021 11:44:19 PM PST by Freedom_Is_Not_Free (America -- July 4, 1776 to November 3, 2020 -- R.I.P.)
[ Post Reply | Private Reply | To 50 | View Replies]

To: Freedom_Is_Not_Free

Not necessarily. You and others may be right.

We’ll see.

I do agree there is a shortage right now, but I think that’s
due in part to the clamor to get “IN” over the last few
weeks.

I don’t watch the market every day, but I try to keep tabs
on it. It may not have gone up for the reasons I have
stated, but it did appear that way to me.


52 posted on 02/06/2021 11:48:53 PM PST by DoughtyOne (The Republican Party is dead. Long live the Founders Party.)
[ Post Reply | Private Reply | To 51 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-52 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson