US Mint About To Trigger A Temporary Silver Supply Shortage?

The staff at just sent out an alert, based on an announcement of the US Mint. The Mint just announced the following:

“The United States Mint will issue its last weekly allocation of 2013 dated American Eagle Silver Bullion coins on Monday, December 9, 2013.  We will begin accepting orders for 2014 dated American Eagle Silver Bullion coins on Monday, January 13, 2014.”

The interpretation of this message could be related to a tightening silver supply and rising silver premiums. This is one way to look at it:

Throughout 2013, the U.S. Mint has been narrowly meeting the public’s silver eagle coin demand.

As a matter of fact, the U.S. Mint is about to break its 2011 all time record of 39,868,500 American Eagle Silver Bullion coins sold.

Being that today is November 1, 2013… we are only 83% of the way through 2013’s calendar year.

Officially 39,175,000 silver eagle coins have sold thus far in 2013.

The 2011 sales record will officially fall some time next week.

Silver Eagle Coin cupboards appear to be low currently. It appears as well that high volume silver dealers have limited inventory of 2013 U.S. Mint Silver Eagle coins.

The expectations from are that “the upcoming 35 day silver eagle coin hiatus will most likely produce a shortage of the world’s most popular silver bullion investment vehicle and thus… produce a growing shortage of other silver bullion products as a consequence.”



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