gold & silver sold out*Breaking:
The US Mint has just notified Authorized Dealers that it is ENTIRELY SOLD OUT of Silver Eagles, and WILL NOT TAKE FURTHER ORDERS UNTIL AUGUST 2015!
This morning we warned that a massive jump in silver premiums was imminent as premiums on 90% silver had tripled in the past 48 hours.

Less than 3 hours later, that has been confirmed as the US Mint has just SOLD OUT ENTIRELY of all Silver Eagles and suspended sales for at least 3 weeks.  

The Mint also advised when sales resume Silver Eagles will once again be on allocation. 

Wholesale premiums instantly jumped 50% on the news…for the few authorized dealers who had any coins remaining in inventory. 

We will keep you updated as the silver shortage progresses. 

  1. Gird your loins boys, I suspect we’re in the middle of the final capitulation.

    The good news is when silver finds its bottom, we should be off to the races. Batten down the hatches, and if you have capital to put to work, now’s the time.

     

     

    • 30 Silver Eagles and 57 Canadian Silver at close of business today…wiped them out…wanted all silver eagles but they were busy today…in Cali and had to go $1500 plus or taxed…we didnt think we had it at first…thought we had to mix in some gold…but recounted…I was pleased because on their site they said only rounds eagles on allocation but they sold out of rounds and had the 30 eagles…the maple leafs are new to my collection….but i think it goes to say there is demand…not sure about the selling

  2. @silverpunisher – this is it brother… i feel it too.. i spent the morning sprinkling hundreds of make-believe, made-in-china twenty dollar bills all around the city. wakey wakey sheepy weepies. ahahahahahaha

    time to tell your friends and family about silver again.

    time to attack the dollar.

    time to strategically default on mega-bank loans.

    time to sabotage the government with your mind / thoughts.

    time to denigrate the government.

     

    rise up! the beast is dying! let us finally strike a mortal wound!

  3. This is an interesting development and one we’ve seen before a few times including the April 2013 smack down.   If there was a reason for this, I’d assume that TPTB really want us to capitulate, not buy silver and go so far as to ration or shut down ASE supplies.   Bullion Direct’s problems are likely symptomatic of this syndrome. Hopefully it would not spread to other dealers and become a self fulfilling prophecy,  a shortage problem that feeds on itself

    • If you don’t already have it and you are waiting for the price to go down then you may never get it. In 2008 my friend in the coin biz said the premiums were 100% and you still couldn’t get delivery.

       

    • after a while you get good at picking up who is serious about metals and who (maybe?) just spreads a few random thoughts or misinformation.

      you never know… maybe a $14 or $13 handle IS coming up, albeit for the opposite reasons some people suggest. it may well be the deliberate action that the banksters know will break the market and dry up the remaining supply of silver left out there. the more they push it down the more all the stackers out there will increase their buying. from that point it would rocket up.

  4. Hey let’s hear from butthole the troll talking about how ebay has lots of stock and talking about tightness of supply here is a lie to peddle a myth of “high demand.”

     

    Gird your loins is right. Haul in the jib, we’re sailing head long into a shiit storm. Does this mean higher prices? Obviously not until the market breaks but we’re on the course for it.

     

    p.s. unlike the most interesting men in the world, I buy whenever I have spare money, because if and when it hits 13 any idea that the premium increase won’t make up alot of the spread is, in my mind, stupidity. It’s pretty simple, the down side risk is next to nothing, especially physical. If we’re talking paper, then to be clear I hope anyone playing in paper silver gets wiped out.

  5. There is not a single means to protect wealth in this world. Not one certain thing, even for those who own entire countries.  But when you look at those things that help to protect you and your wealth, something along the lines of a Heirarchy  of Needs, wealth protection starts with those items that have the least counterparty risk. Precous metals are at the top of the list.
     The chances that the DOJ or some other person or entity mandating that silver sellers shut down would not surprise me. There are plenty of Federal laws on the books that mandate strict accounting for purchases of items that could be part of money laundering, including precious metals, loans, cash purchases, guns and ammo and related commodities. Fortunately hard cash is very difficult to track in small amounts via the banks and nearly impossible to track in large amounts spent and invested amongst the private citizenry.

    If TPTB tried to shut down bullion exchanges in the near term it would be the biggest tell since FRD stole the people’s gold in 1933.  The chances of this happening are slim, about the same as forcing the cessation of ammo and gun sales and with as likely a blowback from We, the Constitutionalist People. It could happen and nothing surprises me any more given we live in the Daily Outrage Paradigm.

    There are only 2 shopping months until the predicted Big Event, logging in on September 7.  If you can’t access silver right now, maybe it would be prudent to spend dry powder on intermediate term storage food, meds, preps, guns and ammo and other things that have not been suggested as items on the hit list of the 3 letter federal agencies.

     Silver is an uber bargain right now but I am not buying at this time because there is a 3 week delay with SDB, premiums jumped. ASE sales curtailed for a month (and maybe longer) and there is a potential for further price declines in the next few weeks.  If it took  1 billion ounces of shorted silver to knock the price by 5%, there in a nearly infinite supply of PPT and ESF FIAT to redouble the smack downs. JPM wants silver, and given their exposure to systemic risk and contagion from the Greek FUBAR and the Eurozone, I expect Dimon and his crew are just as anxious to stock the lifeboats as we, stacking community.
    If the price corruption is this bad and Central and TBTF banks and others are stacking like crazy, I would not be supprised at more hits to the price. When you control a thing you can set the price of the thing anywhere you want it to be.

    • I was at a coin store yesterday and a guy had just SOLD a 100 J&M bar, an old one to the store. I stepped up and bought that sucker for $1705 out the door. Thats a good buy in my world.

       

  6. There is not a sign means to protect wealth in this world. Not one certain thing, even for those who own entire countries.  But when you look at those things that help to protect you and your wealth, something along the lines of a Heirarchy  of needs, wealth protection starts with those items that have the least counterparty risk.  The chances of the DOJ or some other person or entity mandating that silver sellers shut down would not surprise me. There are plenty of Federal laws on the books that mandate strict accounting for purchases of items that could be part of money laundering including precious metals, loans, cash purchases, guns and ammo and related commodities.

    If TPTB tried to shut down bullion exchanges in the near term it would be the biggest tell since FRD stole the people’s gold in 1933.  The chances of this happening are slim, about the same as forcing the cessation of ammo and gun sales and with as likely a blowback from We, the Constitutionalist People.

    There are only 2 shopping months until the predicted Big Event, logging in on September 7.  If you can’t access silver right now, maybe it would be prudent to spend dry powder on intermediate term storage food, meds, preps, guns and ammo and other things that have not been suggested as items on the hit list of the 3 letter federal agencies.  Silver is an unber bargain right now but I am not buying at this time because there is a 3 week delay with SDB, premiums jumped and there is a potential for further price declines in the next few weeks.  If it took  1 billion ounces of shorted silver to hit the price by 5%, there in a nearly infinite supply of PPT and ESF FIAT to redouble the smack downs. If the price corruption is this bad and JPM and others are stacking like crazy, I would not be supprized at more hits to the price.

  7. Makes no difference what you pay for precious metals per ounce. A few bucks will not make a Hel of a lot of difference when Silver goes ballistic with sister Gold. If you have enough sit back and wait. Hell I am tired of patience too!  But the SHTF very soon!

  8. @Lionkid  take a nap  You’re yawning a lot.

    @ranger  reviewing the futures today, Palladium and Platinum took large hits, larger than silver the industrial metal or gold. Copper got wacked and crude continues its decline.  DX up a bit and UST 10 and 30 year down.  I am guessing the market today  was PPT’s by the Fed.  Industrial metals including copper getting hammered mean more to me that the price hits on gold and silver.

    Your take on the industrial metals hammered would be appreciated.

  9. anyone else found that sometimes you’re shown as logged in, and sometimes not, depending on the article you’re viewing? this has been going on for quite a while.

    is this an error, or are some of us not wanted to comment on certain articles? after all, some of us do extensive research and can identify the BS easily. and we’re not afraid to comment about it!

    🙂

  10. holter,bo, and harv should be on the rocket ship to the poor house.  What idiots.  You can find silver all over the place.  Stop the bull and make sense. Silver is on a 52 week low.  Are stocks?  Sell sky!!  It is falling.  LOL  Should we stack up losses.

    • Holter’s comments are almost always spot on and much appreciated by many of us.  I would never ever put him in the same toilet with Bo and Harv.

       

      My local coin shop has a piddly amount of bullion silver available.  One lousy ASE, a tube of silver Maples, and a couple of 10 oz. bars.  That was IT.  A year ago, that same shop had thousands of ounces of silver in stock… coins, rounds, and bars.  I dunno.  Maybe they are moving into higher premium products and leaving bullion to eBay and Craig’s List?  Could be.  But it sure is annoying not to be able to buy some local bullion now and then.

       

      I need to check with the local pawn shops.  Those guys are always aware of what’s happening in terms of individuals buying and selling.  I used to do a fair amount of business with one of them until he went bust.  I miss his shop.  :-/

       

  11. Hey US Mint !

    So you are all out of silver and don’t expect to have any additional until sometime in August.  1) that’s pretty funny, don’t you think, given that the official pricing (by special cartel above-the-law friends) indicates that we’re all awash in cheap pure silver that no one can figure out how to get rid of ?? !!

    2) Who says you can’t have it both ways?  That there’s too much Ag available and not enough of it to scrape together a few more 1 oz coins?

    3) My friends (fellow crazy goldbugs) have some bars we’d be willing to sell you!  How about at a real price like around $45.00 and actually deliverable to you immediately?

    4) Yes, I’m agreeing with you that there is really plenty of silver around, just not at the cartel-fixed imaginary price.  Let’s talk some real pricing for physical now!   Of course, I might just publicize the fact that the US Mint is buying silver at $45, and I’ll only sell a few bars at that price.

     

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