The Doc and Eric Dubin from SilverDoctors & SD Bullion joined the SGTReport this weekend to talk about all things silver.
We discuss the new record in silver eagle sales and the fact that in ancient Rome, payment for a hard day’s labor was 1/10th of once ounce of physical silver.
Today, due to the massive manipulation, a person earning $50,000/year is compensated with the equivalent of 10-11 ounces of physical silver per day.
More than 100 times the historic norm — and it’s only possible because silver is the most manipulated, most undervalued tangible asset on earth.
The Doc points out that with the current silver gold ratio over 70 to 1, while the earth’s mining output in 2013 was a mere 8.3 to 1, a move to fundamental valuations could see silver place a 10 bagger vs gold!
The Doc & Eric Dubin’s full interview with the SGTReport is below:
SDBullion is excited to announce the release of the 3rd coin in the HEROES SD War Collection:
Commemorating the Civil War, the third coin in the Heroes Collection, Secession depicts the epic struggle fought by brother against brother from the Confederate perspective.
Extremely LIMITED MINTAGE:
- 10,000 Brilliant Uncirculated 1 oz Coins
- 1,864 1 oz Proof Silver and Proof Copper Coins
Each 1 oz Proof Silver coin comes encased in an air-tight case for protection and display, a HEROES Collector’s Box, and also includes an individually numbered Certificate of Authenticity numbered to 1864, with each COA honoring one of the Confederate Generals.
Proof Numbers 1 and 2 will be unique, One-of-a-Kind, honoring Robert E. Lee and Stonewall Jackson.
Copper Proof Collector’s Release of DDay, Revolution, & Secession!
Physical silver bullion sales exploded at SDBullion Wednesday, hours before the London Fix price setting mechanism was set to end on August 14th.
The London fix, which has been in place for 117 years dating back to 1897, announced in April that the daily silver fix would end on August 14th, when Deutsche Bank, under investigation by Germany’s BaFin for market manipulation vacated its seat and was unable to find a buyer.
SDBullion trader Jennifer Linhart stated that physical silver sales were five times normal volume Wednesday, as investors scooped up bullion ahead of any market disruption the end of the fix might cause:
“The phones were ringing off the hook all day, and silver sales were about 5 times normal for the day. We didn’t see much of any change in gold, everyone was buying silver.”
Click or call 800-294-8732 to place your order!
HEROES SDWC D-Day- Launches NOW at SDBullion!
10,000 Brilliant Uncirculated 1 oz Coins- in honor of the 10,000 Allied casualties suffered on D-Day
1,557 Proof 1 oz Coins- in honor of the 1,557 MIA Americans whose names are inscribed on the memorial
wall in the Normandy American Cemetery Garden of the Missing.
Each of the individually numbered COA’s will specifically honor one of the 1,557 American Heroes MIA on D-Day, including their Rank, Name, Unit, Home State, & Decorations.
Doc discusses the HEROES SDWC project with T. Ferguson of TFMetalsReport on the 70th Anniversary of D-Day:
Download Podcast (Right Click + ‘Save As’)
The U.S. Mint just updated their Silver Eagle sales figures for May, and it was a whopper. Since the beginning of last week, the U.S. Mint sold 1.939,500 million Silver Eagles. This is a big number. Total for the month of May is already at 3,262,000 oz.
It took one week for the U.S. Mint to sell more Silver Eagles (1,939,500 oz) than all the Gold Eagles sold in 2012, 2013 and 2014 (1,808,000 oz).
Just think about that for a minute. The market purchased more Silver Eagles in one week than all the Gold Eagles since January 2012.