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US Mint declaring world Silver Shortage:

To me this is truly funny or weird because there are so many silver coins, silver rounds and bars no matter where you look.
Did silver mines shut down? Did everyone burry there coins?
Oh I didn’t mention old silver jewelry, silver plate or silverware.....
I will keep reading articles about it but I for one think it’s a weird story.
Tony
 
Missouri -- Ma Betty said:
They aren't accepting orders for most Silver Coins; therefore, ya might want to hold on to your silver found &/or collected! Read oncerning it several times before posting! Ma
Click to expand...
From an article I read about 20 years ago... from what I can remember.
1. The 'Hunt Brothers' cornering of silver futures in the early 80s drove up silver prices so high that much of the family heirloom, jewelry, etc. was sold off. (read as not as much available now)
2. All the smaller mines opened during that time closed after US Government managed to end Hunt Brothers manipulation of silver market. Most of those mines and even some larger operations remain closed for 30 years or more.
3. Silver prices are driven by different factors than Gold or other precious metals. Silver is used in so many manufacturing processes. So, the economy being in the dumper for how many decades now???
4. Now that in the last year or so a rebound in industrial demand for silver is up... Small mines and even some larger operations are still closed. (the cost is too much to reopen, while market remains volatile). Secondary supplies of heirloom, jewelry and other family silver was dried up by the silver price surge in early 80s. (no longer as available)

The supply and demand is rather lopsided and I am too poor myself, or I would have bought up as many American Liberty (sic) .999 dollars as possible about 2.5 to 3 years ago when silver was bottomed out.

"from what I can remember"

IMHO
 
nwdetectorist said:
From an article I read about 20 years ago... from what I can remember.
1. The 'Hunt Brothers' cornering of silver futures in the early 80s drove up silver prices so high that much of the family heirloom, jewelry, etc. was sold off. (read as not as much available now)
2. All the smaller mines opened during that time closed after US Government managed to end Hunt Brothers manipulation of silver market. Most of those mines and even some larger operations remain closed for 30 years or more.
3. Silver prices are driven by different factors than Gold or other precious metals. Silver is used in so many manufacturing processes. So, the economy being in the dumper for how many decades now???
4. Now that in the last year or so a rebound in industrial demand for silver is up... Small mines and even some larger operations are still closed. (the cost is too much to reopen, while market remains volatile). Secondary supplies of heirloom, jewelry and other family silver was dried up by the silver price surge in early 80s. (no longer as available)

The supply and demand is rather lopsided and I am too poor myself, or I would have bought up as many American Liberty (sic) .999 dollars as possible about 2.5 to 3 years ago when silver was bottomed out.

"from what I can remember"

IMHO
Click to expand...

Yes, I remember & people had to put their Silver & Gold Silverwear & jewlery in safe deposit boxes or sell it while price was high $50.00 an oz---The Hunt Brother's made a haul! But the U.S. Mint has been selling Silver Coin Collections since that time & started selling gold coin collections, too! So what is different now--have the DEMS stolen all the precious metals or trading with Chinese for cash for the DEM & RINO GOV Leaders?? Something is going on & it don't smell good--Is the Federal Reserve & Bankers up to no good for we the people?? Ma
 
I don’t believe the mint at all. They probably are not good at taking individual orders from us. If you call them you can’t get through to speak to someone.
Also these are a limited edition around 150,000 each type, not difficult amounts at all.
Maybe, I am wrong but I bet the prices will go up to the consumers. Good luck to all of you who want to add these to your collection. They are a nice looking coin.
Tony
 
BigTony said:
I don’t believe the mint at all. They probably are not good at taking individual orders from us. If you call them you can’t get through to speak to someone.
Also these are a limited edition around 150,000 each type, not difficult amounts at all.
Maybe, I am wrong but I bet the prices will go up to the consumers. Good luck to all of you who want to add these to your collection. They are a nice looking coin.
Tony
Click to expand...

Big Tony: Yes--By the U.S. Mint saying scarcity on silver--more collectors will buy & pay at higher prices! I don't collect any longer & haven't for years--joblessness & illnesses took their toll & I pay by check, credit cards or use my bank account to pay on line; so no change received to look through nor keep for collecting & adding to my collections! Lost interest after I quit detecting & two brothers died (2007 & 2009!) Now just to try & keep myself feeling like living longer is all I can do & serve Jesus, as God has called me forth to do & I am slowly failing at that--mind & body too weak & forgetful! God Bless & Please let us ev eryone continue in PRAYER for fighting the good fight of faith as God's fervant praying saints for ourselves, our families, our nation, THE USA & the world--SINS ABOUND BUT God's Morals & Righteosness Abound More! Amen! Ma
 
Missouri -- Ma Betty said:
Big Tony: Yes--By the U.S. Mint saying scarcity on silver--more collectors will buy & pay at higher prices! I don't collect any longer & haven't for years--joblessness & illnesses took their toll & I pay by check, credit cards or use my bank account to pay on line; so no change received to look through nor keep for collecting & adding to my collections! Lost interest after I quit detecting & two brothers died (2007 & 2009!) Now just to try & keep myself feeling like living longer is all I can do & serve Jesus, as God has called me forth to do & I am slowly failing at that--mind & body too weak & forgetful! God Bless & Please let us ev eryone continue in PRAYER for fighting the good fight of faith as God's fervant praying saints for ourselves, our families, our nation, THE USA & the world--SINS ABOUND BUT God's Morals & Righteosness Abound More! Amen! Ma
Click to expand...
Missouri, you must get a day off from preaching, so go detecting on your day off.
Tony
 
Im afraid if I cash in on all the 925 religious pendants I’ve dug up then Ma Betty is gonna throw a big blue lightening bolt at me....... 😂❤️
 
BigTony said:
Missouri, you must get a day off from preaching, so go detecting on your day off.
Tony
Click to expand...
I agree that most Silver is still underground, lost or not mined!!

BIG TONY: To stop preaching is not in my vocabulary in my calling from God as His faithful saint & servant! I WISH I could still go detecting is my desire but CANNOT due to sicknesses, diseases & other inabilties to do so! I would like to just be able to live like I did when I owned my Home in St. Louis, MO, owned my Duplex in Cuba, MO & then rented my APT in Ste, Genevieve, MO-- where I now live with my yougest daughter in her home & under her care! Life throws curves, some crooked & worse than others, as aging advances in Body & Mind--I am 85 - 86 in July --but others still going stronger in their 90's! Just depends on lifestyles, taking better care of our physical & mental capabilities while young & also our Gene Pool & DNA makeup! Grew up on farm & worked hard as a child not strong nor big in size! Hope you can keep going past 100 & able to serve & live for Jesus while doing so! God Bless! Ma Betty
 
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