Ok guys, Bix Weir has a point and I am posting it right now.
Strongman out:
Strongman out:
Most of you have heard that the US Mint has once again stopped selling Silver Eagles because they have "sold out". A few years back it was 100% against the law for them to stop production as they were legally obligated to buy silver at any price. Now Silver Eagle program
can only be stopped with the authorization of the US Treasury
Secretary....which was no doubt done this time. They have also said that
they will be rationing in the future. They are also raising the
premiums on all silver coins. Those of you who already have Eagles hang
on to them for dear life!! Those who don't should buy pre-1965 silver
coins by the BOAT FULL before they are gone too.
On top of all this shortage
stuff SLV, the big Silver ETF run by JPM and friends, added 20M ounces
to their inventory. How come the banks can get 20M ounces in a matter of
days and yet the US Mint can't seem to find any? Boy, that Blythe
Masters must have more silver hidden in her bra!
And while we're on the
topic...why don't we all send an email to Bart Chilton and his crack
staff asking how the US Mint can sell out of silver and 20M ounces of
silver can be bought for the silver ETF and yet THE PRICE OF SILVER
HASN'T RISEN TO REFLECT THE SHORTAGE OR MASSIVE BUYING?!
Ah, one of those many mysteries for the CFTC to tuck away in their "Active Investigation" drawer!
Source:
Bix Weir
www.RoadtoRoota.com
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