American Silver Eagles - Page 2 - Coin Community Forum

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Author	Replies: 20 / Views: 1,973	Page: of 2

biokemist6 Bedrock of the Community United States 12437 Posts	Posted 09/12/2008 12:24 pm Quote: but they need to get on the ball and hire more people to make ASE so they want be overwhelmed and be able to keep up with production That is not the problem at all- the Mint cannot obtain enough physical silver to keep up with demand. The Mint obtains the silver blanks from two different silver refiners and they are not able to fully fill all the orders. The American Eagle legislation is written so that all of the silver and gold has to come from new American sources(bit of a subsidy for the US precious metals mining industry) so they cannot go on the open market to purchase silver stockpiles. Edited by biokemist6 09/12/2008 12:25 pm Report this Post to the Staff
daviscfad Pillar of the Community United States 4541 Posts	Posted 09/12/2008 12:37 pm I read somewhere though were it said the mint could not keep up with the demand Report this Post to the Staff
jbuck Moderator United States 189053 Posts	Posted 09/12/2008 12:40 pm Look at it this way, the mint is not keeping up with demand because it is unable to acquire the necessary amount of silver (required for that demand) from the approved vendors. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
m9frank Pillar of the Community United States 628 Posts	Posted 09/12/2008 6:52 pm I love this kind of price swing. Look at how closely gold/silver price mimics oil prices over the last year or more. I think gold and silver will head up again even if the dollar remains relatively strong. I'm buying. Report this Post to the Staff
coinblogger Valued Member United States 88 Posts	Posted 09/13/2008 10:31 am m9frank, you are right about gold and silver prices following the price of oil. All commodities tend to follow the price of the dollar which follows inflation. Report this Post to the Staff
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