Wednesday, January 23, 2013

Why Did the US Mint Run Out of Silver Coins?

Activist Post

Last week the US Mint ran out of silver coins and suspended sales, citing record-breaking sales of physical silver in the first month of 2013.
The United States Mint has temporarily sold out of 2013 American Eagle Silver Bullion coins. As a result, sales are suspended until we can build up an inventory of these coins. Sales will resume on or about the week of January 28, 2013, via the allocation process. -- Treasury Department statement, Jan 17th, 2013. (Source)
The video below explains why the physical silver market is exploding:


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8 comments:

Anonymous said...

How is silver any different in it's method than fiat currency?

People who have silver are still going to be able to dominate other people through their control of the money supply.

Because of this fact, silver isn't any more sustainable than fiat currency.

The only truly sustainable paradigm is a resource-based economy; where the scientific method is applied for social concern. No one is in control; and we work with the knowledge that all of us are equally valuable, as it takes people building on the knowledge of others in order to progress.

Brendan R

Anonymous said...

http://youtu.be/kdPkaCTdxBU

Awesome video

Anonymous said...

Once the dollar is no longer active and there is longer use of it, then you will see how is all going to work with those coins. ps hope for the best and be prepared for the wost.

Doomsday Prepping said...

You'd be surprised how quickly silver/gold become viable currency after the collapse.

While I agree it will take some time, it will gain momentum.

Victor said...

Buying silver/gold is a smart thing to do after you have invested in a lot of food, water and medical supplies, etc. My family feels that this is the best investment at this time since you're not earning any interest anyway and the stock market is to uncertain. Got our food from srmarketplace.com. It tastes very good and has a very long shelf life. My wife has been trying many of their recipes lately and even our 5 year old grandson likes the food.

Anonymous said...

Precious metals is a form of barter. A dollar based on precious metals and redeemble in precious metals is a stable monetary system as long as you don't print more dollars than you have precious metals backing it up. And as long as government has a balanced budget. Fractunal Reserve Money and fiat currency always ends up in hyper-inflation.

Anonymous said...

First comment so funny. No understanding of economic history. Silly enviable, jealous lizard brain emotions of a socialist.

PMT said...

Why is it you people come out when silver goes up a dollar and yell it's "exploding" BS. I get so tired of hearing these silver bulls when silver makes a slight move up saying "omg, its exploding, silvers on a tear". That gets so old really.

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