lets get physical

When the Dollar finally goes down in history as another failed FIAT CURRENCY, wealth will come by how many ounces of silver you own… not paper. 
Since 2005, precious metals investors purchased a staggering 1.36 billion ounces of silver coins and bars. 
If we look at the AMAZING chart below, we can see how much greater physical silver demand is over paper:

US Silver Eagle Sales 1986-2014There are two charts every precious metals investor needs to see.  The U.S. Mint is celebrating its 30 year anniversary producing Gold and Silver Eagles and if we look at the sales data of these two Official precious metal legal tender coins going back to 1986, we find some very interesting trends.
The U.S. Mint sold an average of 34.9 million Silver Eagles from 2008-2014 compared to 7.2 million from 1986-2007.
Investors purchased nearly 5 times more Silver Eagles a year after the Great U.S. Economic Collapse in 2008, than they did from 1986-2007.
In contrast, the U.S. Mint only sold an average of 50% more Gold Eagles from 2008-2014 compared to the yearly average from 1986-2007.
 
Essentially, the sales increase in Silver Eagles outperformed Gold Eagle sales by 10 to 1 since 2008!

US Mint

Sales of U.S. Mint Silver Eagles started off strong this year with 3.6 million sold in the first two reporting days of 2015!
The U.S. Mint starting selling Gold Eagles last week with 51,500 ounces reported on the first day of sales.  The U.S. Mint released the official first day of Silver Eagle sales on January 12th.
As we can see from the chart below, the U.S. Mint sold 2,958,000 Silver Eagles on January 12th, then another 656,000 on Tuesday, January 13th.  So far this year, the U.S. Mint sold 3,614,000 Silver Eagles compared to 56,500 oz of Gold Eagles:

David Morgan

David Morgan joins the SGTReport to discuss the unprecedented demand for American Silver Eagles.
The question is, WHO is buying all of this PHYSICAL silver?
Because typically as the price of an asset falls, retail investors flee.  Has JP Morgan itself been snatching up tens of millions of ounces of the precious metal in the form of silver Eagles as the criminal bank drives the price down via the COMEX?   It’s what Ted Butler calls “The perfect crime”. Is he right?

Either way, those in the know win, because we understand that PHYSICAL silver is in very high demand – and its very, very precious.

When it comes to global silver demand growth over the past decade, the coin and bar investment category is the big winner.  Unfortunately, the media tends to focus on growth of industrial silver consumption, while investment demand continues to take a back seat.
2014 global silver coin and bar demand may actually be closer to 230-240 Moz, than the 192 Moz figure GFMS forecast in the preliminary report.

Regardless, the huge increase in silver coin and bar investment demand over the past decade took place by less than 5% of the population… probably more like 2%.
What would happen to global silver coin and bar investment demand if only say 10-15% of the population became interested??

silver rush

According to global market data from the top Official Mints, sales of Silver Eagles  originate overwhelmingly from public retail investment demand rather than by one large bank… such as JP Morgan.  
I say this in response to the allegation put forth by silver analyst, Ted Butler who believes JP Morgan purchased half of all Silver Eagles since April, 2011.

Ted Butler, who has made this claim over the past several months, does so again in his recent article, The Perfect Crime.
I wanted to provide a rebuttal to Butler’s allegation that JP Morgan was the large buyer of Silver Eagles because his opinion takes CREDIT AWAY FROM THE PUBLIC, and puts it in the hands of the BANKERS.
While Ted Butler provides excellent information on the silver market, I believe his opinion on this matter is incorrect:

silver bars

A couple of weeks ago, a long time subscriber correctly pointed out that I seemed to be speculating more than usual in my conclusion that JPMorgan was the big buyer of Silver Eagles and had accumulated as many as 300 million oz of silver, including Eagles and bullion. The subscriber noted that I usually relied on hard core facts that could be documented and not on speculation.
As it turns out, I believe there are sufficient number of hard facts behind my speculation, but I had failed to point them out.
So let me present the facts, as I see them, that point to JPMorgan having amassed the largest physical silver position in history.

2012 Amercian Silver Eagle

Amazingly, retail investors purchased 84 Silver Eagles in 2014 for every ounce of Gold Eagles.
It will be interesting to see how 2015 unfolds.
With all the geopolitical, financial and economic uncertainty… next year just may be GANG BUSTERS for the U.S. Mint.

silver eagle sales

In the wake of a MONSTROUS sales spike with silver’s dip to $14, Silver American Eagles sales have soared above 43 million oz in 2014, a new all-time annual sales record for the second consecutive year. 
In addition, I believe sales of the 2015 Silver Eagles will be very strong in the beginning of the year.  Today, the price of gold and silver are skyrocketing as the broader stock indices plummet.  This may be the sign precious metal investors have been waiting for… A REAL BOTTOM.
If we truly seeing the MOTHER OF ALL REVERSALS, 2015 may turn out to be quite the pivotal year.

Another Conspiracy Theory Becomes Conspiracy Fact. 
Well, well!  Once again, all the “tin-foil” hat-wearing folks are looking like the smartest guys in the room, as an intriguing secret this week is revealed about a certain precious metal!
This is the biggest news of the week, yet nearly no one has mentioned it!
Now that we know this secret, it behooves us to use this knowledge to ask some very tough questions of the mainstream gatekeepers, like the World Gold Council, or the Silver Institute.
Investors should be furious, and hopefully, lawsuits will be forthcoming, now that this information is officially acknowledged!

indian silver demand

In 2013 when the paper price of silver dropped off the proverbial cliff from $32 in February to under $20 by June, Indian silver demand increased dramatically.
Not only was 2013 a robust year for Indian silver imports…. at a staggering 5,819 mt, it blew away its previous record set in 2008 at 5,049 mt.

gold & silver sold out

The U.S. Mint had to suspend sales on November 5th due to its inventory being totally wiped out. 
The Royal Canadian Mint also put the sales of its Silver Maples on limited basis due to high demand as well.

If the Royal Canadian & U.S. Mint have difficulty now trying to meet demand for the 2-5% of public demand… what happens when the GREAT RUSH INTO GOLD & SILVER BEGINS??

silver gold fire

Central bankers may never buy silver, but hundreds of millions of Indians soon will, and that is all it will take to launch silver’s value to a price which is many multiples higher than it is now.

silver demand
Play

T. Ferguson joins The Doc & Eric Dubin for a Special Market Alert edition for this week’s Metals & Markets, discussing: 

  • US Mint caught completely off guard by EPIC physical demand, SOLD OUT of Silver Eagles after burning through over 2 million oz in less than 2 hours Wednesday morning!
  • Primary Dealer of Silver Eagles CAUGHT OVERSOLD- reportedly cancels previously placed contracts for Silver Eagles- a completely unprecedented development!
  • Silver tests $15- are we staring at a 2008 Deja Vu collapse to support at $9? 
  • Not just the US Mint- Canadian Mint may be sold out of Maples as soon as Thursday, and one of the US’ largest  private mint HALTS SILVER ROUND SALES!

You won’t want to miss a minute of this MUST LISTEN Special Market Alert Edition of the SD Weekly Metals & Markets below: 

petro dollar sunset Willie

When the Shanghai exchange runs dry out of silver, they will use the event as a legitimate checkmate excuse to revalue both silver and gold.  This ties in with Dr. Jim Willies “GRAND GOLD SHOCK EVENT” prediction.  China’s physical gold holdings will go up in value all while they rake in their paper shorts on the other side.  This will cause shockwaves to the gold, silver and the FOREX derivative markets!
Without the Shanghai physical drain on silver supplying the mints, the COMEX and LBMA would have defaulted by now.  This is no accident.  China created the loophole like a Trojan horse targeting the Achilles’ heel of the financial system.  Silver is the sacrificial pawn.
Wall Street took the arbitraged silver bait and it’s almost time to back up the truck and go ALL-IN!  Gold and silver are about to slingshot out of the station!  The game ends when Shanghai runs out of real silver!
A PLANNED CHECKMATE IS NOW IN FULL VIEW