F.y.i. : Silver Bullion$$$$$$$$$$$$$$

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Author	Replies: 4 / Views: 1,577
glenzy1 Pillar of the Community Canada 1554 Posts	Posted 01/26/2013 7:09 pm There's been quite a lot of buzz in the last few weeks about silver shortages. Articles and rumors started, but no one seemed to panic, so everything is fine, right? Well it seems that the temperature of the industry is changing, very quickly. Industry insiders are now looking closer at these seemingly small stories. They are small stories, until you group them together. -Yesterday the Globe and Mail reported that the Royal Canadian Mint went on allocation, limiting the quantity of sales of the Silver Maple Leaf coin. -HSBC Bank has recently made headlines with a second large purchase of silver bullion from KGHM. HSBC Bank has now, reportedly, bought $1.1 billion in silver bullion in the last 12 months from KGHM. TYM 2 BYE!! Glenn * Moved by Staff to a more appropriate forum. * Edited by glenzy1 01/26/2013 7:09 pm Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 01/26/2013 7:27 pm Quote: Yesterday the Globe and Mail reported that the Royal Canadian Mint went on allocation, limiting the quantity of sales of the Silver Maple Leaf coin. Theres other reasons that could be happening as well. Generally mints make little to no money on bullion coins and if it isn't making them money they wont want to be spending significant resources pumping them out to meet the demand Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 01/27/2013 12:07 am I agree with BB. I think whats more likely is people arent buying silver and gold as they were and Mints are rebalancing orders so ima thinking there must be something going on with their order flows thats causing this. IF this was really something earth shocking, gold and silver would be ramping up, but this isn't the case. Report this Post to the Staff
hockingzig Pillar of the Community United States 1450 Posts	Posted 01/27/2013 2:20 pm I have been trying to buy bullion coins,no particular kind,just 1-ouncers. None to be found except 2013's at very high premiums. There is something going on beyond nobody buying. Maybe they are not buying from the mint but bullion is being bought. Report this Post to the Staff
tpg22 Pillar of the Community United States 919 Posts	Posted 01/27/2013 3:11 pm hockingzig, I have found the same thing. Last year you could find almost any year SAE and pay $3-4 premium. Now many back date coins are being sold for $5-8 premiums. Very tight supply of older dates. Also, 90% is very hard to come by at prices that were normal last year. Premiums are moving up. APMEX buy price on AU/BU Peace dollars is $31-34. Even as silver moves down those hold steady. Report this Post to the Staff
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