Wednesday, 24 April 2013

#METALS Silver Price Manipulation - The Proof #GOLD

Silver update, from our reguar, Brother JohnF:



Yet mor mor mor evidence of the TOTAL MANIPULATION of the PAPER price of silver below!

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"Tuesday, April 23, 2013

US Mint Unable to Find Silver Eagle Planchet Suppliers
Posted by Charleston Voice

Silver American Eagle planchet suppliers elusive

By Paul Gilkes | 04-22-13

Article first published in May 06, 2013, U.S. Collectibles section of Coin World

Demand for American Eagle silver bullion coins remains feverish as the U.S. Mint strikes coins as fast as it can secure planchets. Secondary market premiums have doubled.

Coins for images courtesy of SilverTowne.com.

The United States Mint has the production capacity to strike between 50 million and 60 million American Eagle silver bullion coins annually to meet demand, but ongoing inability to secure sufficient planchets stifles full use of that capacity.

Deputy U.S. Mint Director Richard A. Peterson told Coin World April 18 that the bureau is struggling with a lack of success in its efforts to find additional planchet suppliers. Currently, the Mint secures finished planchets from Sunshine Mint in Couer d’Alene, Idaho; Vennerbeck Stern-Leach in Lincoln, R.I.; and GSM Metals in Cranston, R.I.

The Mint increased production of the silver bullion coins by 20 percent in January 2013 to meet projected demand, but the increase over January 2012 levels, when 6,107,000 coins were sold, was insufficient, Peterson said.



Quick depletion of its 2013 American Eagle silver bullion coin inventory within the first two weeks of sales forced suspension of sales to the Mint’s 13 authorized purchasers for a week while inventory was slowly replenished, Peterson said. Initial sales began Jan. 7.

When sales resumed in late January, the authorized purchasers were placed on an allocation system that restricts the number of coins any one purchaser may secure. Total orders are limited to the number of coins available in any given week.

Demand reached a record high in January with 7,498,000 American Eagle silver bullion coins sold to authorized purchasers.

The flourishing secondary market for American Eagle silver bullion coins further rose in lockstep with a drop in the spot price of silver April 12 to its lowest level in two years. That slide continued into the week beginning April 15. The London PM spot price closed at $27.40 April 12, and fell to $23.54 on April 15. The London PM fix was $23.51 on April 18.

Shifting production

Peterson said the West Point and San Francisco Mints combined are striking an average of 800,000 American Eagle silver bullion coins weekly. The San Francisco Mint is executing roughly 15 to 20 percent of the overall production.

Peterson said the distribution of production fluctuates depending on other demands at the West Point Mint. More production can be diverted to the San Francisco facility on weeks that the West Point Mint is producing coins for other programs, Peterson said.

Peterson said shipments of some American Eagle silver bullion coins struck at the San Francisco Mint are loaded onto trucks containing numismatic products from the same facility that are bound for the U.S. Mint’s contracted order fulfillment center, Pitney-Bowes Government Solutions, in Plainfield, Ind.

After unloading the numismatic product in Indiana, a truck with the silver American Eagles still on board continues to the West Point Mint for final unloading. The Mint takes this step at no additional shipping cost or premium to the authorized purchaser, Peterson said.

Authorized purchasers pay the spot price of the metal per ounce on a given day plus a $2 premium per coin. An authorized purchaser must pick up the coins at either the West Point or San Francisco Mint and deliver them to its own facilities at its own expense. By delivering some of the San Francisco Mint coins to the West Point Mint, the U.S. Mint helps authorized purchasers east of the Mississippi River to keep their shipping costs down.

Rising premiums

Jim Hausman, owner of The Gold Center, an authorized purchaser in Springfield, Ill., said April 17 that two weeks before, the wholesale premium for silver American Eagles was around $2.25, but that premium had nearly doubled in the weeks since.

Whatever coins he is able to secure sell out quickly, regardless of the premium, Hausman said.

“There’s no cheap silver out there,” he said."

Continues.

Source:

http://chasvoice.blogspot.co.uk/2013/04/us-mint-unable-to-find-silver-eagle.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+CharlestonVoice+(Charleston+Voice)



Fools that equate the PAPER price of silver, with the price of PHYSICAL silver, IN YOUR HAND, will ALWAYS get ROBBED!  Just DON'T DO IT! <g>  We have been DOXING IT!


Sunday, 17 March 2013



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Nikola Tesla Secret

And so yeah, of course, there's a collapse in the price of SILVER on, yeah, right! ;) #Lulz  That's why premiums are DOUBLING on the secondary market, and even the MINT cannot locate enough rounds to SUPPLY DEMAND.

Anyone learn ANYTHING about FREE MARKETS around here ... When DEMAND outstrips supply, PRICE RISES, forget CRIME COMEX PRICES, PURE MANIPULATED FICTION!

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Humanity Arising #Ascension2013 #TRUTH
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