Wholesale Silver Shortage…CONFIRMED
SilverDoctors.com
August 16, 2015
In lieu of Metals & Markets this week, we bring readers CONFIRMATION that a WHOLESALE SILVER SHORTAGE is in fact developing…
With SDBullion’s contacts with the nation’s leading precious metals mints, wholesalers, authorized purchasers, and distributors, the latest evidence indicates that the wholesale silver shortage is WORSENING:
US Mint Authorized Purchasers advised SDBullion Thursday that Silver Eagle allocations have been substantially declining every week since sales resumed.
2 weeks ago the US Mint made 1.4 million Silver Eagle coins available to Authorized Purchasers, last week only 1 million were made available, and SDBullion was advised that this week the number declined an additional 20%.
Further, US Mint officials reportedly are advising Authorized Purchasers that they will begin making the switch to 2016 Silver Eagle production in September, drastically reducing output of 2015 coins.
As it takes less than a day to change out dyes (in addition to the fact that in previous years the US Mint has halted sales in the November/December time-frame for the annual “switchover”) the evidence in our opinion points to the US Mint having extreme difficulties in sourcing raw material for Silver Eagle coins.
The Rest…HERE
