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US Mint Announces 33% Price Increase on Silver American Eagle Premiums!

 
NO MORE CHEAP SILVER!
User ID: 1115663
Argentina
10/01/2010 01:22 AM
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US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
BREAKING NEWS: The United States Mint has officially raised their wholesale pricing above spot on American Silver Eagles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%. This news comes on the heels of a significant silver spot price rally over the last month to a new thirty year record over $22 per ounce. The impact of this news is significant and has already affected dealer pricing across the country within hours, as prices on Silver American Eagles have jumped over $0.50/oz industry wide.

MORE HERE

[link to www.trustedbullion.com]
Anonymous Coward
User ID: 1115327
United States
10/01/2010 01:27 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
.50 cents more a oz...

$100 a oz silver he we come. LOL.
Punk-A$$ets

User ID: 1107017
United States
10/01/2010 08:02 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
this is a fee ON TOP of the coins silver price.

But alas, there is no inflation. (rolls eyes)
Anonymous Coward
User ID: 1111300
United States
10/01/2010 08:20 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
this is a fee ON TOP of the coins silver price.

But alas, there is no inflation. (rolls eyes)
 Quoting: Punk-A$$ets



I wonder if that rumor about an automatic 10% dollar devaluation might really be the truth?


Non-linear inflation, here we come!


Living in America!! I don't feel so good!
Anonymous Coward
User ID: 69144
United States
10/01/2010 09:07 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Greed, Greed and more Greed.
osbogosley

User ID: 1116195
United States
10/01/2010 09:25 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Still getting silver items at garage sales. Small town GS's are the best.
osbogosley; All words I type are illegal advice, really tired of disclaimers!
Anonymous Coward
User ID: 905800
Mexico
10/01/2010 10:10 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Please let me be the first :

You can't eat silver anyway !!

chuckle
Punk-A$$ets

User ID: 1107017
United States
10/01/2010 10:23 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
this is a fee ON TOP of the coins silver price.

But alas, there is no inflation. (rolls eyes)



I wonder if that rumor about an automatic 10% dollar devaluation might really be the truth?


Non-linear inflation, here we come!


Living in America!! I don't feel so good!
 Quoting: Anonymous Coward 1111300

The dollar devaulation happends everyday. Maryland tax rose 20% a few years back. Food portions being made smaller while the price remains the same. All of this is inflation or dollar devaluation. When you dont get as much for your dollar its dollar devaluation no matter what.
Anonymous Coward
User ID: 794649
United States
10/01/2010 10:30 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Greed, Greed and more Greed.
 Quoting: Anonymous Coward 69144

you got THAT right!
Anonymous Coward
User ID: 672491
United States
10/01/2010 10:37 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Just out of curiousity , I went to ebay to see what a normal silver eagle was selling for. It looks like the average sale price { including shipping } is around $30 per coin. This is for a regular year 2008 ASE. Unreal.
Anonymous Coward
User ID: 53618
Canada
10/01/2010 11:05 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
this is a fee ON TOP of the coins silver price.

But alas, there is no inflation. (rolls eyes)
 Quoting: Punk-A$$ets


It's called "supply and demand". People are buying silver based on emotion so of course the premium is going up. Their faces sure will be red when the hype is over and silver is back down to $15 or less this time next year.
Anonymous Coward
User ID: 1102940
United States
10/01/2010 11:17 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
you can't eat chickenshit, which is all you'll have w/o PMs.
Anonymous Coward
User ID: 1115973
United States
10/01/2010 11:26 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
I wonder if that rumor about an automatic 10% dollar devaluation might really be the truth?

 Quoting: Anonymous Coward 1111300


Is that per year or per month?
Anonymous Coward
User ID: 1115973
United States
10/01/2010 11:28 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
People are buying silver based on emotion so of course the premium is going up. Their faces sure will be red when the hype is over and silver is back down to $15 or less this time next year.
 Quoting: Anonymous Coward 53618


Well YOUR emotions just may take a jolt when you go to buy a loaf of bread and find you only have 30 bucks and thus cannot.
Anonymous Coward
User ID: 1000114
United States
10/01/2010 11:42 AM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Please let me be the first :

You can't eat silver anyway !!

chuckle
 Quoting: Anonymous Coward 905800



Sure you can! Ever heard of Coloidial Silver?
Anonymous Coward
User ID: 961432
United States
10/01/2010 12:17 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
this is a fee ON TOP of the coins silver price.

But alas, there is no inflation. (rolls eyes)


It's called "supply and demand". People are buying silver based on emotion so of course the premium is going up. Their faces sure will be red when the hype is over and silver is back down to $15 or less this time next year.
 Quoting: Anonymous Coward 53618


Again, there are 2 types of people.

1) Those who believe/trust that the government and it's partner the banking cartel can be trusted to manufacture the currency everyone uses which establishes the value of your labor in relation to trade

or

2) Those who believe/trust that gold and silver better act as a medium of exchange between your labor in relation to trade.

I think you are in the first group.
BoomBoomPow

User ID: 1106263
United States
10/01/2010 12:20 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
so what does this mean?
loolol
Anonymous Coward
User ID: 672491
United States
10/01/2010 12:23 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
so what does this mean?
 Quoting: BoomBoomPow



It means that oz of silver that only costs $ 4 a oz to mine , may now cost $24.50 a oz for you to buy.

Nice markup, ehh ?
Anonymous Coward
User ID: 750445
United States
10/01/2010 12:33 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
It's called "supply and demand". People are buying silver based on emotion so of course the premium is going up. Their faces sure will be red when the hype is over and silver is back down to $15 or less this time next year.
 Quoting: Anonymous Coward 53618

wanna know what BRAINDEAD is? read the comment above.

there is now circulating in the world somewhere between 50 - 100 oz of paper and/or electronic silver for every ounce of real, PHYSICAL, precious metal.

$15 per is in the real of the dreamer.
wing-ed

User ID: 1047131
United States
10/01/2010 12:38 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Is this a .999 coin or a 90% mix or other ?
Holy, holy,holy, Lord God Almighty, which was, and is, and is to come.Praise the one who gives you peace beyond all understanding Yes that scripture still sounds good !
Anonymous Coward
User ID: 1028419
United States
10/01/2010 12:41 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Is this a .999 coin or a 90% mix or other ?
 Quoting: wing-ed

Silver American Eagles are 99.999% purity
Anonymous Coward
User ID: 1028419
United States
10/01/2010 12:42 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Is this a .999 coin or a 90% mix or other ?

Silver American Eagles are 99.999% purity
 Quoting: Anonymous Coward 1028419


Only the Canadian Maple Leaf is purer at 99.9999%
Anonymous Coward
User ID: 672491
United States
10/01/2010 12:45 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Is this a .999 coin or a 90% mix or other ?

Silver American Eagles are 99.999% purity


Only the Canadian Maple Leaf is purer at 99.9999%
 Quoting: Anonymous Coward 1028419



and the chinese Chairman Mao coin is even pure :

99.99993 % lead , with a very convincing silver plated surface.
Anonymous Coward
User ID: 574254
United States
10/01/2010 01:04 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
These are some strange postings. There are only a few silver producing mines in North America. There production has been very low for years. Paper money is losing value throught the inflation that they officially stopped talking about in 1976. Older people will remember the yearly spin told to them, 3% inflation, 6% inflation all through the 1950's, 1960's, to 1976, then no more media words on that subject.

What is the US dollar really worth then, any good guess as to it's real value in 2010?
Punk-A$$ets

User ID: 1107017
United States
10/01/2010 01:13 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
These are some strange postings. There are only a few silver producing mines in North America. There production has been very low for years. Paper money is losing value throught the inflation that they officially stopped talking about in 1976. Older people will remember the yearly spin told to them, 3% inflation, 6% inflation all through the 1950's, 1960's, to 1976, then no more media words on that subject.

What is the US dollar really worth then, any good guess as to it's real value in 2010?
 Quoting: Anonymous Coward 574254


[link to www.dollartimes.com]

put 1914 in the bottom spot, 2010 in the top.

Last Edited by Chucklebutt on 10/01/2010 01:14 PM
Anonymous Coward
User ID: 1105092
United States
10/01/2010 01:17 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Please let me be the first :

You can't eat silver anyway !!

chuckle
 Quoting: Anonymous Coward 905800




No, but you can drink it. I do!!
goober
User ID: 1116422
United States
10/01/2010 01:22 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
so silver eagle cost 25$ today?
Anonymous Coward
User ID: 1095701
United States
10/01/2010 01:23 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
Just another hidden tax
Anonymous Coward
User ID: 1018718
United States
10/01/2010 01:56 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
still no buyers.
SnapCase22

User ID: 1003849
United States
10/01/2010 02:02 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
[link to www.dollartimes.com]

put 1914 in the bottom spot, 2010 in the top.
 Quoting: Punk-A$$ets


For all those to lazy to plug it in...our dollar today is worth 1914's nickel. For shame!
GOOD DAY SIR...I SAID GOOD DAY!
Anonymous Coward
User ID: 672491
United States
10/01/2010 02:12 PM
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Re: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
[link to www.dollartimes.com]

put 1914 in the bottom spot, 2010 in the top.


For all those to lazy to plug it in...our dollar today is worth 1914's nickel. For shame!
 Quoting: SnapCase22



and to keep it in perspective, average salary in 1914 was a whopping $21 per week GROSS....about 50 cents an hr.

its all relative.





GLP