One Ounce Silver Eagles outsell One Ounce Gold Eagles 176.56 to 1 at the U.S. Mint in April
U.S. Mint sells 4,590,500 one ounce Silver Eagles and 26,000 one ounce Gold Eagles
The Gold/Silver Ratio was 67.32 in April up from 64.42 in March
Strong Sales of Physical Silver Bullion are on Record Pace at the U.S. Mint*
April Gold sales jump from March levels
Total April 2014 Gold Bullion Sales at the U.S. Mint: 56,000 ounces, including 75,000 fractional ounce gold Eagles (totaling 12,500 ounces) and 17,500 24K one ounce Buffalo coins**
Total April 2014 Silver Bullion Sales at the U.S. Mint: 4,644,500 ounces***
And yet premiums couldn't be lower ($2.49 at Goldmart, any size order), thus seemingly no shortage. And price continues to fall. Make of it all what you will, but it's incongruent data if nothing else. Sprott and Jeff Nielsen are both asking "where's the supply coming from?" And I'm wondering too.
The recent spate of recovered silver from sunken ships?
rl999 wrote: The recent spate of recovered silver from sunken ships?
Is there any evidence of melting and re-forming? I'd imagine that sunken ship silver would have higher than spot value on 'relic' status alone, no? Saying this with zero knowledge (or research). Does anybody know or have some good online reading?
that the US mint is receiving silver at a loss from NWO-controlled miners like Barrick, who in turn is receiving the spot price plus a taxpayer-funded kickback of freshly printed dollars to make up for the loss and stay solvent?
I probably didn't say that right, but talk about bribing the taxpayer with their own money!
I'm not paying attention.