Run On Silver: No Wonder The Silver Chart Price Is Down, Nobody Wants Any: Oh Wait! US Mint Sells 1 Million Silver Eagles On Monday Alone ~ U.S. Mint Runs Short!

Silver 5Xs More Rae Than Gold

Silver 5Xs More Rare Than Gold

The US Mint has updated April sales statistics for the first time since last week, and to no surprise, the Mint again reported more massive sales, with another 833,000 silver eagles reported sold Monday!   The April total through 6 business days is now 1.645 million ounces, bringing the 2013 total to a massive 15.868 million ounces. 

Silver-bullet-standing

In response to the continued massive demand for silver eagles, the mint also has begun rationing sales of silver eagles to primary dealers resulting in supply delays!
Just as was seen in January, tight physical supplies have seen premiums on ASE’s skyrocketing over the weekend and throughout the day, as ASE’s are rapidly becoming as scarce as 90%!

*Update:  wholesale suppliers have increased premiums nearly $1 since yesterday, while the shortage has tightened, and wholesalers now on 4-6 week delays for shipments of ASE’s!

2013 Silver Eagles As Low As $3.25 Over Spot at SDBullion!

April ASE sales as of Friday:

And Monday’s report via the US Mint:

So much for the US Mint producing ASE’s in sufficient quantity to meet public demand! 
Look for supply constraints to continue to tighten and premiums to continue to skyrocket as long as silver stays under $28 and the US Mint continues rationing supplies.

*Update:  wholesale suppliers have increased premiums nearly $1 since yesterday, while the shortage has tightened, and wholesalers now on 4-6 week delays for shipments of ASE’s!

Silver Doctors

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Source Article from http://politicalvelcraft.org/2013/04/09/run-on-silver-no-wonder-the-silver-chart-price-is-down-nobody-wants-any-oh-wait-us-mint-sells-1-million-silver-eagles-on-monday-alone-u-s-mint-runs-short/

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