Silver Shortage of April, 2013

Jason Hommel

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Sunday, April 28th

(In Rounds and Eagles!)

Silver Stock Report

We at www.jhmint.com have investor silver available, 10 oz. bars, and 100 oz. bars, and we can order more.
Rounds and Silver Eagles are sold out, and occasionally it has been difficult to source them, on and off, so far this year.
Prices over spot are changing up to 5% per day, and silver eagles are selling for up to 30-40% over spot on ebay.com.
Investor buying probably remains about where it has been for the past 4 years, at about 100 million oz. of silver per year, but maybe a tiny bit more in recent weeks of course.
Silver Eagles are about half of the silver sold to investors, nationwide.
There is nothing extraordinary about sales figures from the US Mint. They are pace to make about 40 million oz. of Silver Eagles this year, which is a bit more than last year, and about the same as the year before that.
http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2013



MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold & Silver Market Morning

Gold Today – Gold closed in New York at $1,467.30 in New York on Friday. In Asia it continued to rise back to $1,472level despite the closure of the Chinese markets. The Fix was set at $1,472.50 in London up $10 on Friday and in the euro at €1,125.506 up €2 while the euro was at €1: $1.3083. Ahead of New York’s opening it slipped slightly at $1,471.90 and in the euro at €1,125.35. Silver Today – Silver closed at $23.90 down 40 cents, in New York on Friday. Ahead of New York’s opening silver stood at $24.33.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold & Silver Coins & Bars Global Shortage

By: GoldCore

Premiums for gold and silver bars have jumped higher all over the world. They have surged to multi-year highs in Asia. Reuters reports overnight that premiums are surging due to "strong demand from the physical market, which has led to a shortage in gold bars, coins, nuggets and other products."

Shortages of gold and particular silver coins and bars is not confined to the small coin and bar market and there are also supply issues in the larger bar market with kilo bars being increasingly difficult to secure.

Swiss refineries are struggling to meet global demand for refined gold bars. They have been cleared out of their stock of kilo gold bars – the preferred form of gold bullion amongst many store of wealth, affluent buyers in Europe and Asia. Buyers have been told that they will have to wait until late May prior to receiving delivery on paid for product.

Shortages are most prevalent in the silver coin and bar market where premiums have surged.

Silver coins and bars can now not be bought from the largest bullion dealers in the U.S. who have been cleared out of stock in recent days. Unlike after Lehman Brothers where there were shortages and delays of 3 to 4 weeks, there is no guidance being given as to when certain gold and silver coins and bars will be available again.

more at  : http://www.marketoracle.co.uk/Article40189.html

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Worldwide Silver Shortage Pushes Premiums On Silver Eagle Coins to 40%

By: Jason_Hamlin

COMEX silver prices once again dipped below $23 today. My previous article entitled Ignore COMEX Pricing – Silver Eagles Sold Out at Dealers, $33 on Ebay detailed just how divorced from reality the COMEX price has become. So with another dip today, I decided to try to get my hands on some more silver coins. I realized before I picked up the phone that it would be difficult, but I have a few dealers in Colorado and California that have consistently been able to find supply at reasonable premiums.

Not anymore. The first phone call that I made was to one of the largest bullion dealers in Southern California, where I have bought a good deal of my physical gold and silver over the past decade. In fact, I had just bought several rolls of silver eagle coins from them last month at around $2.65 over spot price per ounce. I also purchased some for a family member back in January and paid the same premium.

In the past when some analysts were talking about a supply shortage and rising premiums, I was always able to find supply from this particular shop with a reasonable premium that was never more than 10% over the spot price. But today I was told that I could only order for future delivery at some point in late May or June and that the premium was $5 over the spot price.

http://www.marketoracle.co.uk/Article40116.html


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver Update 20-4-13 Silver Shortage BrotherJohnF

An update from BrotherjohnF regarding the recent drop in metals pricing and shortages. He is very experienced with the markets and delivers his points clearly without much hyperbole.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

An Unprecedented Rush to Gold & Silver Bullion causes Shortages Worldwide

The shake out of ETFs and futures has left the Australian mint short of deliverables and Japanese and Chinese gold retailers seeing a “frenzied” surge in demand. The customers are not just the ‘rich’ or ‘elderly’; in China “they tend to wear water shoes and come directly from the market…;” in Australia, “the volume of business… is way in excess of double what we did last week,… there’s been people running through the gate,” and Japanese individual investors doubled gold purchases yesterday at Tokuriki Honten, the country’s second-largest retailer of the precious metal.
 
For bullion-buyers, this also introduces an additional variable to consider in looking for a source for your bullion: availability.


I certainly see the current situation as a "buying opportunity" for investors. Indeed, had I not used-up the remainder of my bullion-buying dollars (for the time being) at the beginning of September I would definitely be a buyer myself at the present time.

Higher premiums appear to be the "necessary evil" which those of us who want REAL bullion have to live with - unless you happen to live in a "bullion supermarket" like India. As people grudgingly pay these higher premiums, I remind people to consider how those "high premiums" will look a couple of years from now, when silver is likely MULTIPLES of the current price.

Given the choice between paying silver's (real) "fair market price" today (and getting low premiums on those purchases), or buying silver at a fraction of its real value, but getting "squeezed" for an extra dollar or two an ounce, it is obvious what is better for investors.
   

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Many Online retailers Are reporting significant Shortages in Silver Bullion

Many other online retailers, however, are reporting significant shortages. So much so that some are being forced to cancel customer orders because there is simply no inventory, especially as it pertains to silver.
A subscriber alert from Future Money Trends indicated that the shortage is quickly becoming more widespread:

Several bullion dealers are reporting low or no inventory, others are just outright overcharging their customers. Wholesale dealers are also reporting they are out of several products including the American Eagle.
…
“…there is basically a silver shortage right now. Dealers are starting to run out of products and delay the shipping times.” David Smoler, DBS Coins
Here is a message from my good friend who works in the bullion industry when I asked him if there were real shortages happening.
“Across the board, sold out. Delivery delays up to 4-6 weeks, premium rising. Friday was our busiest day ever; until today. Which was much busier.” Andy Hoffman, Miles Franklin

- in etfdailynews  : http://etfdailynews.com/2013/04/17/precious-metals-retailer-says-they-have-been-experiencing-astounding-volume/

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet