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GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars

 
Anonymous Coward
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05/31/2021 12:41 AM
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GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
[link to www.numismaticnews.net (secure)]
In the interest of properly rectifying the situation, the Mint is postponing the pre-order windows for the remaining 2021 Morgan and Peace silver dollars that were originally scheduled for June 1 (Morgan Dollars struck at Denver (21XG) and San Francisco (21XF)) and June 7 (Morgan Dollar struck at Philadelphia (21XE) and the Peace Dollar (21XH)).


US Mint Delays Silver Shipments Due to “Global Silver Shortage”
[link to securebooks.in (secure)]

US Mint admits there’s a “global silver shortage”
[link to arcadiaeconomics.com (secure)]

The US Mint Admits There’s a “Global Silver Shortage”
[link to silverseek.com (secure)]

US Mint Delays Silver Shipments Due To "Global Silver Shortage"
[link to www.zerohedge.com (secure)]
Anonymous Coward
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05/31/2021 12:45 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
banana2
SpeakerOfDarkSentence​s

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05/31/2021 01:04 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
And the price is still just above $28.
Anonymous Coward
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05/31/2021 01:08 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
And the price is still just above $28.
 Quoting: SpeakerOfDarkSentences


Can't have the unwashed masses panicking, can they?
Anonymous Coward
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05/31/2021 01:10 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
And the price is still just above $28.
 Quoting: SpeakerOfDarkSentences


IKR, the 1980's high of $50, is $160.05 adjusted for inflation: [link to www.minneapolisfed.org (secure)]

It's like everything else in the economy has inflated in price except precious metals. Although rhodium and palladium both did well.

It makes no sense, seems like the central banks are fighting 2 wars now, their past mistakes and new alternatives popping up (cryptos and smart contracts).
Anonymous Coward
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05/31/2021 01:24 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Everyone involved with this blatant price manipulation should catch some lead between their fucking eyes.. Everyone of the pieces of shit then kick em in hole
Anonymous Coward
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05/31/2021 01:53 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Someone in Hong Kong bought a big block a little while ago.. Shot the price up real quick
Governor Cuomo NY
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05/31/2021 02:01 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
You can not eat or see of feel cryptos...
Anonymous Coward
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05/31/2021 02:04 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
You can not eat or see of feel cryptos...
 Quoting: Governor Cuomo NY 45447762


You cant eat iron, potassium, calcium , zinc etc either
SpeakerOfDarkSentence​s

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05/31/2021 02:44 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
The silver market has been like the bread- and meat market in the former Soviet Union for years, and has now reached its end stage, where the price suppression has caused shortages and queues of buyers waiting to buy silver for the suppressed price (+ a premium). From here, the actors could either return to a free market and price discovery, or go full communism and impose rationing of silver and/or confiscation of silver in private hands for investment purposes.
aningeniousname

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05/31/2021 03:23 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
You can not eat or see of feel cryptos...
 Quoting: Governor Cuomo NY 45447762


You cant eat iron, potassium, calcium , zinc etc either
 Quoting: Anonymous Coward 80429993


Yes you can and they are essential to life.
Nrg

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05/31/2021 06:36 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
I don't know, there seems to be plenty of silver at JM Bullion.

They are selling on presale the new Silver Eagle type 2 design released in June for July 8th delivery.

[link to www.jmbullion.com (secure)]

What I understand is happening, they are melting down 100 oz and 1000 oz bars to satisfy the huuge demand for coin/rounds.
Anonymous Coward
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05/31/2021 11:01 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Everyone involved with this blatant price manipulation should catch some lead between their fucking eyes.. Everyone of the pieces of shit then kick em in hole
 Quoting: Anonymous Coward 80180978


Better yet...keep buying at these artificially low prices banana2

Hurt them and get rich while doing so!
Anonymous Coward
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05/31/2021 11:02 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
I don't know, there seems to be plenty of silver at JM Bullion.

They are selling on presale the new Silver Eagle type 2 design released in June for July 8th delivery.

[link to www.jmbullion.com (secure)]

What I understand is happening, they are melting down 100 oz and 1000 oz bars to satisfy the huuge demand for coin/rounds.
 Quoting: Nrg




Bro, JM is owned by A-Mark.
A-Mark has HUGE pull and owns most of the retail industry in the US.
Anonymous Coward
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05/31/2021 11:02 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Everyone involved with this blatant price manipulation should catch some lead between their fucking eyes.. Everyone of the pieces of shit then kick em in hole
 Quoting: Anonymous Coward 80180978


Better yet...keep buying at these artificially low prices banana2

Hurt them and get rich while doing so!
 Quoting: Anonymous Coward 77645087


hesright
Hard Eight

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05/31/2021 01:26 PM

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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
If metals are manipulated artificially low, that's the BUY signal. Screw their fiat paper games that can't last forever.
PM's will really shine as the smoldering mountains of paper take light.
Texas has yet to learn submission to any oppression, come from what source it may.
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Anonymous Coward
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05/31/2021 01:36 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
There is a difference between the mint saying there is a shortage and the mint not being able to deliver. Seems like the latter is significantly worse. Time to load the boat.
Anonymous Coward
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05/31/2021 01:41 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
the youtuber who warned about the bitcoin high 1 month in advance is bullish
on silver

codessatexas

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05/31/2021 02:02 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Cool. Maybe silver will go up 5 cents.
Cw
Anonymous Coward
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05/31/2021 04:27 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Cool. Maybe silver will go up 5 cents.
 Quoting: codessatexas


LOL.
1. You dont own any silver
Or
2. You have not bought in the last few months
Anonymous Coward
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05/31/2021 05:37 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Cool. Maybe silver will go up 5 cents.
 Quoting: codessatexas


LOL.
1. You dont own any silver
Or
2. You have not bought in the last few months
 Quoting: Anonymous Coward 80429993


Im not the poster you are replying to but,

I bought a shit ton of silver back in 2016, I havent bought any more for nearly 18 months.


I laughed my tits off when I read the 5 cents post!!!


Personally I cant see it gaining any more than 2 cents myself.
Anonymous Coward
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05/31/2021 05:47 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Cool. Maybe silver will go up 5 cents.
 Quoting: codessatexas


LOL.
1. You dont own any silver
Or
2. You have not bought in the last few months
 Quoting: Anonymous Coward 80429993


Im not the poster you are replying to but,

I bought a shit ton of silver back in 2016, I havent bought any more for nearly 18 months.


I laughed my tits off when I read the 5 cents post!!!


Personally I cant see it gaining any more than 2 cents myself.
 Quoting: Anonymous Coward 15371391


Go look at the spot and try to buy some for near that now, and post up a redactes receipt.
Get back to us.
Anonymous Coward
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05/31/2021 05:54 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Cool. Maybe silver will go up 5 cents.
 Quoting: codessatexas


LOL.
1. You dont own any silver
Or
2. You have not bought in the last few months
 Quoting: Anonymous Coward 80429993


Im not the poster you are replying to but,

I bought a shit ton of silver back in 2016, I havent bought any more for nearly 18 months.


I laughed my tits off when I read the 5 cents post!!!


Personally I cant see it gaining any more than 2 cents myself.
 Quoting: Anonymous Coward 15371391


Go look at the spot and try to buy some for near that now, and post up a redactes receipt.
Get back to us.
 Quoting: Anonymous Coward 80429993


My local coin shop is buying generic rounds at $33, so $5 over spot, selling at $36, so $8 over spot
and that's the most honest shop I've found in my life

Paper market goes byekitty
Agent 88

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05/31/2021 05:58 PM

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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Everyone can speculate. But I think its safe to say, its not going down any time soon...Same with the Yella stuff!
"Were living in a time where facts have become conspiracy theories"

A larper,eh...
[link to imgur.com (secure)]

4-20-1889
Anonymous Coward
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05/31/2021 06:01 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
just the fact that much of the dealer inventory is
getting pretty empty should make any big government
lover nervous. people are running away from that promissory note. they don't believe in that ponzi scheme anymore.
Anonymous Coward
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05/31/2021 06:10 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
...


LOL.
1. You dont own any silver
Or
2. You have not bought in the last few months
 Quoting: Anonymous Coward 80429993


Im not the poster you are replying to but,

I bought a shit ton of silver back in 2016, I havent bought any more for nearly 18 months.


I laughed my tits off when I read the 5 cents post!!!


Personally I cant see it gaining any more than 2 cents myself.
 Quoting: Anonymous Coward 15371391


Go look at the spot and try to buy some for near that now, and post up a redactes receipt.
Get back to us.
 Quoting: Anonymous Coward 80429993


My local coin shop is buying generic rounds at $33, so $5 over spot, selling at $36, so $8 over spot
and that's the most honest shop I've found in my life

Paper market goes byekitty
 Quoting: Anonymous Coward 79144269



Dealers buying above spot = shortage.
Anonymous Coward
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Australia
05/31/2021 06:44 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Go look at the spot and try to buy some for near that now, and post up a redactes receipt.
Get back to us.
 Quoting: Anonymous Coward 80429993


Nobody but NOBODY will ever ever ever be able to buy at spot price.



spot price is set by the banks and its what they charge each other.

miners, traders, dealers, hoarders.... never ever pay or get paid spot price.


If they did NOBODY would make any money from it. That defeats the purpose.
Anonymous Coward
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United States
05/31/2021 06:47 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Go look at the spot and try to buy some for near that now, and post up a redactes receipt.
Get back to us.
 Quoting: Anonymous Coward 80429993


Nobody but NOBODY will ever ever ever be able to buy at spot price.



spot price is set by the banks and its what they charge each other.

miners, traders, dealers, hoarders.... never ever pay or get paid spot price.


If they did NOBODY would make any money from it. That defeats the purpose.
 Quoting: Anonymous Coward 76049159




We all know that brainiac, premiums used to be what, $0.08-$0.15/oz at one point.
Anonymous Coward
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05/31/2021 11:48 PM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Silver just jumped 1.5%
Anonymous Coward
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06/01/2021 02:04 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
How high's this gonna squeeze? I'm gonna get calls in the morning. With my luck it'll be up 20% by then.
Anonymous Coward
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06/01/2021 02:13 AM
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Re: GLOBAL SILVER SHORTAGE: (Buy while you can!) US Mint Postpones Pre-Orders for Remaining Morgan, Peace Dollars
Someone in Hong Kong bought a big block a little while ago.. Shot the price up real quick
 Quoting: Anonymous Coward 80395175


And they're buying more again. Can't wait for NY to open in the morning.





GLP