Silver shortage part II
Three days ago I posted an article on shortage in the physical silvermarket and that I experienced it myself because the silver I bought could not be delivered in time.
Well, finally today my silver was received and secured in my vault.
As mentioned before, there is a real problem going on in this market with an extreme demand for physical Silver but the supply is running low.
Today I read an article by kitco.com, stating that the US mint has temporarily sold out of its 2018 American Eagle Silver Bullion Coins and is currently in the process of producing more.
Premiums on bullion silver is rapidly increasing and now sometimes over 25%.
And what did silver do this day?
The price went down to around $ 14.50 an ounce!
Funny world isn’t it!
Do what you think is best!
Enjoy!
It does not seem the US Mint has our best interests in mind. Their charter is to mint as much silver American Eagles as the public demands. Funny that now as the price is down to yearly lows, the demand is picking up, and wow, the mint stops selling silver. When will this sh**show come to an end?
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