Jeff Nielson of Bullion Bulls Canada joins me to discuss the 7.4 MILLION ounces of silver eagles sold in January alone, a record. The US Mint can’t keep up with demand for PHYSICAL and neither can the Royal Canadian Mint which produces the .9999 Silver Maple Leaf. Whereas the outright fraudulent SLV etf seems to have no problem magically adding 572 TONS of physical metal to its supposed hoard, literally overnight. Like the US government’s GDP number fraud, it’s all an illusion – built on outrageous lies.
yes the premiums for the maple leafs have jumped from 1.99 over spot to 1.99 over spot
ever think maybe the us mint was just doing some additional fleecing by pretending to have a shortage so that premiums could jump and sales would increase with silver bulls thinking there was a shortage? no? LOL!
Thanks for the brilliant insight. 7.4 million ounces of physical sold in January is a record, period. The US Mint shut down for a couple weeks to catch up, period. The SLV ETF mysteriously added 19 MILLION ounces, overnight, period. But you should never let the facts get in the way. LOL.
It is not the 7.4 million ounces sold that is significant, that really is a drop in the bucket, however I believe the mint underestimated the demand because I know one of the main bullion suppliers to the US mint has silver to supply them, I think there is a bigger issue going on behind the scenes. Could be maybe these miners are taking heed to Sprott’s call to action? I don’t know, nobody does. But when the Mint reports record sales and a delay in production, this doesn’t surprise me or excite me. Just another move being made in this game of chess!
Sean,
Check this out!
Judge Jeanine Pirro
http://www.foxnews.com/on-air/justice-jeanine/index.html#/v/2138468100001/judge-jeanine-banning-weapons-to-prevent-crime-doesnt-work/?playlist_id=163706
Couldn’t believe this was on MSM
Uh yeah,don’t forget who is buying all that Silver from the Mint to RE-SELL
PM DEALERS!!!!! who are also sitting on the inventory to gradually sell it over time.
the point is…there is PLENTY of Silver out there to buy!
Interesting that the Rothschilds were mentioned, and also at 17mins the term ‘house of cards’ was used to.
Made me remember a painting a once saw………
This painting is hung at one of the Rothschilds homes in the UK (part of which which is open for public view as UK taxpayers fund the maintainence of this historic ‘stately home’). It is a powerful message for those who understand………
http://collection.waddesdon.org.uk/search.do;jsessionid=147FDED99555B769D65259DC8A249CFE?id=39375&db=object&page=1&view=detail
LOL. Tax Payer funded! Talk about adding insult to injury.
Interesting painting. The curtain drawn to the side is a nice added touch. House of cards – behind the curtain.
Regardless what is happening in the silver world…I’m still stackin, and will continue to this whole year…and beyond. I plan on buying around 300-400 ounces of the Chris Duane coins this year alone. I have 70 Slave Queens coming in the mail tomorrow…tomorrow is going to be a good day!
I assure you Jeff, 7.4 million ounces of silver is NOT some drop in the bucket. And this sold in 30 days….6 million ounces actually sold in two weeks before the mint shut down. And that came as a result of pent up demand from the shut down in December. Make no mistake, there is a phsycial stampede into Silver that is accelerating.
I appreciate the comment John. I have spoken with numerous dealers in my area who seem to share the same sediment as I that the 7.4 million in sales is not the significance behind the story. 3 dealers that I know on a more personal basis state that they have no difficulty buying bullion but are experiencing the same delays for silver eagles as many folks are. This leaves me to speculate other factors such as the example I gave in my previous comment. Let’s speculate for a moment the possibility that miners/producers are trying to play a trump card. Is that a far fetched idea? Most certainly not considering there is high demand along with massive manipulation? I don’t know but it is another line of thinking and thought provoking. There are stories popping up all over about the “massive 7.4 million ounces” but little to no talk about what I’m suggesting. Not saying my train of thought is right, hell my wife tells me everyday all the things I do or say that are wrong, ha! There is just more than enough evidence to suggest a missing page to this book. take a look at who the major suppliers are to the US and Canadian mints. I would like to see an examination/investigation into those findings! In short, I believe there is a group, or groups, who are holding back from selling their bullion to government entities…..Any thought on this?
here’s a thought…having seen what you have seen since 2008 and now it is 2013. You have a massive stack of silver bars that you have been sitting on for years. You have seen the bs of our elections, our banks, our politicians, our weak people who suck the life out of productive people, inflation, our dismal gdp…would you sell them for about $34 oz?
Silver has been shit on and without it, none of us would be talking here right now.
It is the keystone of the technological boom…it has been defiled simply because those that must have it in vast quantities manipulate the price to their advantage.
It will take its rightful value.
That value will be 1:1 with gold…or better.
Yes, I have a comment. Isn’t it about time that all of the BIG silver producers called BS on all this manipulation and formed a silver cartel to do some reverse manipulation of their own? It worked for oil and it should work for silver as well.
my guess is they would either be strong-armed into compliance or nationalized under the auspices of national security if that occurred.
Could be. But don’t make it easy for them. Incorporate off-shore so as to not be subject to US law. There are any number of places that would be friendly to this: Cayman Islands, Isle of Man, Singapore, etc. Perhaps even some of the countries in South American that produce lots of silver would be open to becoming the world silver capital. Yes, there are ways to push back against an over-bearing / over-reaching government.
114 Billion in Bank Deposits were withdrawn in December due to the FDIC reduction starting 01/01/2013. It’s not difficult to see where some of this Gold and Silver High Volume came from.
my dealer indicated that all dealers are going to a quata system shortly.
The US Mint runs out of Silver Eagles because it’s a government run bureaucratic operation, not because there is a conspiracy to keep Eagles in short supply. The Mint ran out of Eagles only because they failed to requisition enough blanks to meet demand. If ASE production was licensed out to several commercial private mints in competition with each other, the premiums would be lower and shortages would be virtually non existent. It’s sort of comparable to Soviet era State run grocery stores where the lines are long and the shelves are empty.
The silver that went into SLV was already sitting in the vaults of one of the AP’s. It wasn’t magically acquired on the open market or purchased from some coin shop. Read about the tracking of 1000 oz bars done by about.AG and screwtapefiles.blogspot.com. Of note is what screwtapefiles calls “dark bullion” — the ~59 million ounces of bars that used to reside in SLV vaults that has yet to resurface in any public bar list. One day it all might reappear and then the silver conspiracy camp will insist that it must just be fake because they can’t conceive that a bullion bank might actually have large amounts of silver bullion stored away.
Obviously demand for silver is up, but we won’t know the result of the paper vs physical battle until the system breaks — at which time it will probably be too late for the unprepared to position themselves appropriately.
Agreed, Fred. Add to this that world silver production IS about 60 million ounces PER MONTH and it seems more than possible that some bullion bank could acquire 30% of that if their inventory was low and they wanted to pump it back up.
A couple of weeks ago there was a story on the web about LARGE amounts of silver from the US and gold from Switzerland being shipped to the UK. The theory then was that Asian buying on the LBMA was sucking their vaults dry and that more physical metal was needed to refill those vaults. While this all seems quite possible, I don’t know if it is true or not. I suspect that very few people actually KNOW WTH is going on with all this.
I think that silver below 35 usd/oz is an bargain,only time will tell,but i believe it is a heck of an opportunity to buy at prices of today.
I buy silver instead of lottery tickets,silver is my lottery..
Where does the US Government get the silver and gold for their minting activities?
Sunshine Mint is one bullion supplier of the US mint….
So TPTB are feeling the heat over Sandy Hook now. Seems the ‘conspiracy nuts’ were right all along. The Connecticut DA in charge of the killing says he needs to keep records sealed to protect the safety of witness while the ‘OTHER’ shooting suspects are investigated.
Sandy Hook DA cites ‘potential suspects,’ fears witness safety
Read more: http://www.digitaljournal.com/article/342829#ixzz2K6Cg4F8S
The real issue is…when the big ones will stop to print SLV when silver goes up?
For the last 2 days, whenever I access ‘sgtreport.com’ my Symantec AV S/W throws up error: [SID:25616] Web Attack: Malicious Website Accessed 2 detected’. I checked and made sure all the latest signature updates are downloaded..just thought of letting you know about this.
Hi Sean,
I don’t know if you know this but every time I access your website I get a Website Hacked message. Are you aware of this?
Hope this can be fixed soon.
Thanks,
EB
2/6/13