One US Mint Authorized Purchaser has put up a website where, hopefully, the sets can be ordered online mid-January. The site is www.buyamericathebeautifulnow.com. It is not yet functioning, and the exact date of it becoming functional is not known at this time. I encourage potential buyers to bookmark the site and to check back frequently.
Despite next to no publicity, the US Mint’s America the Beautiful 5-oz coin series turned into highly sought after items when the Mint announced their release. Unfortunately, the situation quickly turned ugly.
Originally, plans were for the coins to be sold through the same distribution channels as the Mint’s Gold Eagles and Silver Eagles, and CMI Gold & Silver Inc. expected to handle the coins. However, demand was so great that the Authorized Purchasers doubled prices.
Eric King of KingWorldNews.com blogged that his sources say Asian buyers effectively have checkmated the silver shorts. No doubt about it, there is a major battle going on in the silver markets. Volumes are at record highs, and volatility is extreme.
In an unprecedented move, the US Mint this week raised premiums on its 1-oz Silver Eagles fifty cents per coin. It is not unprecedented that the Mint raised premiums on Silver Eagles. Since being introduced in 1986, Silver Eagle premiums have been increased many times. But, the size of the increase is unprecedented. Past increases
In the September 11 interview with Eric King of King World News, I mentioned that a number of credible analysts were saying that gold and silver looked like they were about the have a technical breakout to the upside. Gold’s and silver’s price action since have confirmed those predictions. In the interview, I warned long-term
Does a silver price explosion lie just ahead? Ben Davies, in an analysis prepared exclusively for kingworldnews.com, lays out a case for a silver price explosion. Davies is CEO of Hinde Capital, London. Although Davies sees trading opportunities, long-term buy and hold investors can take solace in Davies’ analysis. If silver does enjoy a move
The Silver Institute is an invaluable source of information about silver, from supply/demand statistics to recent, esoteric developments that may affect future demand. Serious silver investors can do themselves a favor by regularly visiting the site. Additionally, The Silver Institute publishes on its site a free quarterly publication aptly titled Silver News. To receive an
Silver usage in electronic devices to increase because of new technology. New, popular silver jewelry on market.
Gene Arensberg, precious metals analyst and author of the popular Got Gold Report, reiterates in his recent report his bullishness for silver. Although Arensberg is bullish on gold over the longer term, he sees the potential for more immediate upside action in silver. Arensberg notes that iShares Silver Trust (SLV), the largest silver ETF, lost
Future silver production to suffer