How Long Til US Mint Readjusts Price Of Silver Products?

Id rather have the sliding prices if it keeps overall prices lower. I dont think it would be the worst thing in the world to have some lower mintages every now and then. One of my biggest criticisms with modern mint products is everything has to high of a mintage. I understand things should be available to everyone but a low mintage every now and then would get people more excited about modern collecting instead of things just being viewed as a dime a dozen. The 2011 eagle set for example helped eagles take off and the 06 set benefited from that as well.

Yes, that fine and good. But they do need a sufficient stockpile even in peacetime.

A good example was when they authorized transfer of 13,000+ TONS of silver from the Treasury to Oak Ridge. They needed copper, but that was in short supply during the war, but silver is an excellent conductor, so they used that. If you ever saw the generators at the Hoover Dam, just imaginge a room full of those with huge silver magnets. Now to get an idea of 13,000 tons, the US produced just over 1,000 tons in all of 2012. A strategic stockpile is good.

That's silver, and like I said has a huge industrial component, less now that everyone switch from conventional aniline film (Your old Kodack pictures) to digital cameras.

Gold is really interesting. Nobody knows why, and I think this is unclassified, Russia is buying HUGE amounts of it. Not the citizens...the government. My guess is that they are purchasing it as a safeguard against banks like Cypress. I think India is the biggest importer, followed by China. It's a hedge against rampant inflation. That demand has trickled away.

Goldman Sachs had a forecast 3 months ago for gold to plummet to $1200. They now say that it is oversold, I expect prices to start going up over $1200 (give or take). I think the mint's pricing guide calls for a London Fix average of 2 weeks (I may be off on this). If we can hold around $1200 another week or so, that should be the lowest price for gold bullion.

Silver, I would have to see how much it is to mine ($1200 in gold barely justifies mining at all).

Very true, unfortunately they don't have one now. I take that back, did some checking and they do have a strategic stockpile of about 7 million oz or about 110 metric tons.

Answer to original question- TODAY!

btw, bball India's inflation is 10%. Chinese don't trust the central banks with the housing bubble they went/going? through.

And if you can mine for $300 an ounce, I'll give you $600 per. Although in all fairness, mines haven't shut down during dips in prices. Now if we compare mining cost per country, that is a totally different beast.

I know, that is why I got the subscription. I learned my lesson from Volcanoes which are still astronomical.

I seen on the US Mint website, they have dropped the price of the 5oz. ATB silver quarters to $154.95. They only have the White Mountain, Perry Victory, and Great Basin designs available at this time.