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Coin investors irked as U.S. curbs sales of 'silver eagles'

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posted on May, 26 2008 @ 09:59 PM
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Coin investors irked as U.S. curbs sales of 'silver eagles'


www.baltimoresun.com

The government rationed food during World War II and gasoline in the 1970s. Now, it's imposing quotas on another precious commodity: 2008 dollar coins known as silver eagles. "This came out of nowhere," says Mark Oliari, owner of Coins 'N Things Inc. in Bridgewater, Mass., one of the biggest buyers of silver eagles. With customers demanding twice as many as they did last year, Oliari would like to buy 500,000 a week. But the mint will sell him only around 100,000.
(visit the link for the full news article)


Related News Links:
www.investmentrarities.com
www.investmentrarities.com
goldmoney.com
www.silverstockreport.com




posted on May, 26 2008 @ 09:59 PM
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There have long been rumors about the coming silver shortage since demand vastly outstrips supply. There is also a lot of debate about the price of silver being suppressed by the President's Working Group on Financial Markets, aka The Plunge Protection Team.

The case for silver price suppression argues that 1) the silver derivatives market ('paper' silver traded as futures) vastly dwarfs the real physical market by about 100 to 1, and 2) that the Commodities Futures Trading Commission, people responsible for ensuring there is no market manipulation, allow a concentration of all shorting contracts to only 8 traders and they are able to promise to sell an unlimited amount of silver (silver that they don't have and doesn't really exist) while at the same time preventing longs from buying contracts for delivery to only a very, very small amount.

In other words, the CFTC ensures the short traders are allowed to suppress the prices.

Check out the additional links for more info on silver market manipulation and the shortages being reported around the world.

NOTE TO MODS: This isn't just about silver rationing, but also a government conspiracy to suppress the price of gold and silver so as to strengthen the dollar. Please don't move this thinking it doesn't involve a conspiracy, because it does. Thank you.

www.baltimoresun.com
(visit the link for the full news article)

[edit on 5/26/2008 by sp00n1]

[edit on 5/26/2008 by sp00n1]



posted on Aug, 30 2008 @ 01:26 PM
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posted on Aug, 30 2008 @ 01:35 PM
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Did you ever think they caught onto him, the coin dealer, monopolizing on it?
So they have limited how many he can buy?



posted on Aug, 30 2008 @ 01:54 PM
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reply to post by sp00n1
 


I don't know if you remember the last time two brothers tried to control the silver market but it realy screwed the precious metals market for a few years after they blew it. Silver is short in supply and is needed in many high tech endeavors so I'm not surprised that the Mint is slowing the process. Its actualy works in favor of this idiot. In the future those coins will be worth more, not less because of supply and demand.
Zindo



posted on Aug, 30 2008 @ 02:09 PM
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There was a stoppage on gold eagles just recently as well. As you said, the paper markets are waayyy bigger than the actual physical gold and silver in existence. As the economy continues to deteriorate this will become common knowledge and more and more people will demand physical gold and silver. This will allow supply and demand to take over from the manipulators and prices will skyrocket.


Anyone who owns 'paper' silver and gold will get stiffed.



posted on Aug, 30 2008 @ 02:09 PM
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reply to post by ZindoDoone
 

Lamar and Bunker, I remember people that picked up on them early on, and started using their credit cards to secure futures. There were a lot of folks conned on that deal. Those brothers really never even felt it.



posted on Aug, 30 2008 @ 03:10 PM
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Ahhh yes, that was them, the Hunt brothers. They also tried to corner the market for something else and lost it all if I remember correctly. They sure knew how to work a scam. Thanks for the reminder!

Zindo



posted on Aug, 30 2008 @ 04:17 PM
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reply to post by ZindoDoone
 

They purchased the Great Western Sugar refinery, in Colorado Springs, the largest processor of sugar beets in the country. They then closed it down claiming the equipment was too antiquated for them to turn a profit by operating the plant. This in conjunction with Reagan killing off the alternative
fuel study, the day after taking office. Claiming it was no longer needed having been successful, in proving that ethanol made from sugar beets was a viable, Created the Midwest farm crisis



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