A.S.E. SALE OUT
Well, this comes as no big surprise, with the price so low on silver, it is attracting more and more investors. Currently sitting at $14.13 an ounce, makes silver the best investment currently.
Through August this year's sales of Silver eagles totaled 10.275 million ounces.
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The last time the us mint sold out of ASE was back in the 2007-2009 financial crisis. So what does this mean to us today. Well one thing is forsure, we are still in a financial crisis that is being covered up. Now i do believe the price is attracting some new investors but I also think that people are getting smarter. They are starting to feel and see the cover ups.
Now I am not a huge fan of ASE, but this does mean something. Unfortunately the msm will blame it on the price. Even though we saw sub 14 prices back in 2016 and the mint Didn't sell out then.
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The crisis is still real and very much still happening. The debt continues to climb and the deficit is almost doubled in the past year. I think there are very hard times ahead for most of us. I also believe that more and more people are realizing this and this is why ASE are sold out!
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You may be asking yourself this question right now. No one can give you the right answer but what I can tell you is this, get you some tangible assets, have less money tied up in a paper currency and last buy you some silver. I mean just look at the top 4 precious metals, silver is the cheapest by far of the 4, infact it is so much cheaper than the other 3 it is obvious that something is wrong.
It is called Price Manipualtion!
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To read the whole article on the US mint selling out of ASE click here
Keep stacking my Friends!
Yeah, I bought 'em all!
Bwah hah hah hah hah hah hah!!!!
I believe it’s against the American constitution not to supply demand of ASE even if they have to get the silver from other countries unlike the gold coins. Cheers mike
During "The Crisis", like in 2008, the PMs do have the Potential to drop lower, but there is a PM shortage of physical, as the premiums are creeping up. So the Paper Price could be $12, but the Acquisition Cost could be $16 at the LCS.
@raybrockman YES the Price of Silver is WONDERFUL at these Levels, I just need to get more PAPER TICKETS (FIAT) to Buy more...................
Right on the mark Ray! Silver is a rare and miraculous precious metal that is blatantly undervalued.
Good, solid points Ray. The corruption and manipulation is rampant. Now is the time to buy for sure.
I agree and it don't have to be just silver if you are ready for the worst you are ready for everything its just smart if you are able to do it
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That's crazy! Time to hit up the coin store this weekend and load up on whatever they have left. Not that I'm panicking, I just have Stakitus flaring up.
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I have just arrived from a Flea Market here in Brazil, where I bought some Brazilian junk silver, with wonderful price. In tomorrow's article I will show them. Now is the time to buy more.
And on the COMEX the Commercials are net long for the first time in my memory. In fact, Friday I did something that I have not done in some time, I added to the stack!