Silver Investor: Silver Eagles-Where I purchased mine...

Published: Tue, 01/29/13

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Hello ,

My latest purchase of Silver Eagles may work for you as well--

January 25th, 2013 - Gold and silver continue to work higher but tentatively. Our sources of market wholesalers and large retailers confirm growing inflows of currency of all types (USD, EUROS, YEN, etc) into precious metals.

We also see tightness in supply, particularly surrounding silver, one of the best indicators is the constitutional silver coinage known by some as "junk"
silver. This product usually sells at a discount to melt value and usually represents one of the best

On January 17, 2013 the U.S. Mint stopped taking orders for the silver American Eagle - the world's most popular bullion coin. That is correct, the U.S. Mint unexpectedly stopped accepting new orders for silver American Eagle bullion coins on 1/17/2013, throwing the physical silver markets into a bit of turmoil. Roughly 33 million of those coins were minted and sold into the market last year. A disruption in the supply of such a popular product worldwide has immediate and wide ranging impacts.

The Mint began taking orders for the 2013 coins on Jan. 7th, and promptly got buried by demand. Almost 4 million ounces got sold on the first day - an all-time single-day record. After just 9 days, the Mint's supply ran dry.
Although the Mint expects to resume production next week, government bureaucrats will limit the amount that can be purchased.

Interesting to say the least, this does not confirm a shortage of silver, but does confirm that the silver investing public is moving into silver in a big way. Each year for the past several years I have personally bought Silver Eagles and have stated that having a "type set" one of each year - that is 1986 to 2013 inclusive MAY have the potential to gain a premium over bullion value.

Regardless, Liberty coin and Precious Metals https://libertycpm.com/ is where I made my January purchase. Certainly I have purchased from many of the retailers and I know many of them. Currently these coins are extremely difficult to obtain, and if you want to secure some please check out the prices at https://libertycpm.com/. Are there other sources, of course but comparing prices often works to your advantage.

Remember, the current tightness has likely rippled through markets and drove some of the extra demand for Eagles and therefore the premium. Premiums for silver Canadian Maple Leafs jumped immediately, and order volume surged for that 1-oz coin, as well as for bars and 1-oz rounds.

Rest assured the U.S. Mint is dealing with a shortage in the blanks they need to produce the coins. Time will tell whether or not this shortage will persist. Only a small handful of producers, such as Idaho's Sunshine Mint, are accredited to provide the blanks needed. By law, the Mint can only use silver produced in U.S. mines. And it must compete with the private sector to get its supply.

David Morgan
Founder www.Silver-Investor.com

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Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.

Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.


 

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