I recently saw an article (SRSRocco I believe) who had some impressive stats on the importation of silver into North America to cover coin and bar demand. Does anyone have info on silver demand based on actually population?
ASE surplus is currently at near record high...sales have fallen dramatically possibly due to the spot silver price jumping up. This could mean very low premiums on 2016 ASE's in the near future? . .
Where did you read this? I believe you and think there's probably a surplus of a few million in stock.
I read it several days ago in a daily coin journal. I believe (if my memory serves me well) the surplus is about 3 million ASE's. .
June was down noticeably. January 5,954,500 February 4,782,000 March 4,106,000 April 4,072,000 May 4,498,500 June 2,837,500 July 545,000 you can get the figures here. http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=bullion edit having had a look at 2015 sales, this year is running pretty strong. I'd be suspicious that they are struggling to produce enough causing the dip in June.
Hello everyone. I'm relatively new here but have been lurking for some time. I felt inclined to comment on the ASE sales figures. I don't believe it. I'm very sceptical about the American mainstream media and the liberal left administration, not to mention the market manipulators around the world. I am guilty of following silverdoctors.com, but they make a good point about actual figures that may not be reported due to possible shipments to the east. Maybe interest payments are being paid with bullion under the table, wink, wink!
That's roughly one coin for every 10 people, bugger all. Assuming that a "stacker" would have say 100 minimum, that's only 262,500 stackers in the US at best, or less than 0.1% of the population.
because most people besides permabulls realise this is a small bump u[ and will go down again just as quickly as it went up thus completing the circle of <sideways>
Welcome to the SS forum! I hope you stick around for a while and engage in more discussions. The figures regarding the ASE surplus are sourced from the US Mint itself....a private corporation that just happens to contract with the US gov't to produce its coinage. Are you suggesting that a private corporation is intentionally giving false sales reports just to satisfy the whims of the "liberal left administration'? Interesting theory but I just doubt it. The truth may be that the summer just happens to be a slow time for precious metals sales. Couple that with a rapid spot price rise as we just saw over the past couple of weeks and investor sentiment that this is just a temporary spike and maybe this is a recipe for slow sales. Personally, I believe 2016 will be a good year for the metals. The year is only half finished. By the close of 2016, every investor will know that 2016 is the beginning of a bull market in PM's....or as I like to put it, the resurrection of the Silver Phoenix who will rise from the ashes of a crippling or fortunate (depends on who you ask) bear market. .
I guess a good metric would be the silver imports of the various countries in the West. I have a friend who is a cabbie out in Perth. He said a guy who works for "S32" road with him. He told my friend that out of 1 mine they get 20 million oz of silver a year. So I guess Australia doesn't import any silver...... or do they?
Cannington mine used to produce 30moz few years back? Nonetheless we still import a lot of silver, though it would be in manufactured good.
"The U.S. Mint set this week's allocation of American Silver Eagle at 2,839,500 coins. Bullion distributors ordered 8.8% of them." I've read that the U.S. Mint sells bullion only to what is named "Authorized Dealers". Since here it is stated that 8.8% of the ASE's are ordered by bullion distributors, and non dealers are excluded, who / what ordered the 91.2% ASE's?
I once tried to work out how much it would cost to buy all the round fifties and corner the market, but it was too much even for a big powerball win
I originally thought 25 million, but now think probably 5 to 8 million after asking in this thread: http://forums.silverstackers.com/to...uy-all-the-remaining-1966-round-fifities.html
