"global Silver Shortage". Again.

To participate in the forum you must log in or register.

Author	Replies: 17 / Views: 4,446	Page: of 2
MrPink2018 Pillar of the Community United States 2474 Posts	Posted 05/29/2021 12:31 pm friends, in tinkering with my you tube recommendations I've noticed they keep recommending channels that deal with reporting on precious metals. I don't always click into them, and if I do I really only watch the first few minutes of any video. frankly, I don't put much stock in you tubers making a video every three weeks alerting ppl to another global silver shortage. yesterday I watched a few minutes of a video proclaiming another global silver shortage. in it, the narrator spoke of the US Mint issuing a statement about silver coin production being slowed or halted due to the latest 'shortage' and today I see another video recommended to me that is saying the same thing. in fact, one narrator said that 'the mint is coming out and saying they have no silver to finish this year's production' of morgan & Peace dollars. but when I go the Mint's website I see nothing that indicates any of that. plus, I've seen nothing here on CCF about it. I find that odd. if that news would turn up anywhere, I would think this community would be buzzing about it, and yet I see no posts about it. i posted a question in the comments of yesterday's video: "where does the mint say this", to which someone replied 'on facebook'. since I don't do facebook- and never will- I have no way to check that claim. and since FB is a dubious outfit, I don't believe everything I hear or read about it. they're not very trustworthy. ANY claim on FB needs to be verified independently. I can't do it. so, has anyone seen anything about an announcement from the Mint regarding the latest 'global silver shortage' and/or whether or not it's having an effect on current and/or future production? frankly, it seems to be just another scheme to drive sales. I could be wrong, but that's just how it seems to me. one thing's for sure: I'm growing tired of it. I'm as tired of seeing this announcement every few months or so as I am of seeing 4 or 6 or 8 different silver eagles every year. if anyone has anything to share— thoughts or news— please do. and have yourselves a nice memorial day weekend. a nice holiday hug for the entire community from MrPink2018... Report this Post to the Staff

Tanman2001 Pillar of the Community United States 4404 Posts	Posted 05/29/2021 12:59 pm The mint said this on their official social media platforms, which includes Facebook. But I also saw it on their official Twitter account and I'm sure they put it on other platforms. And you can see an indication of this on the mints website as the release date for the remaining silver dollars was changed from July to TBD. Also people have been briefly talking about the press release from the mint in the 2021 Morgan and Peace dollars thread. Edited by Tanman2001 05/29/2021 1:00 pm Report this Post to the Staff
coin rejector Pillar of the Community United States 2854 Posts	Posted 05/29/2021 2:05 pm @MrPink2018.... From a stock market perspective, the silver related stocks would be the initial indicators of a supply vs. demand issue. Currently, I'm not seeing anything abnormal that would prematurely indicate/suggest a share-price breakout due to another shortage. The Market Traders generally have ALL the info, prior to everyone else. Youtuber-influencers.... not so much. Report this Post to the Staff
MrPink2018 Pillar of the Community United States 2474 Posts	Posted 05/29/2021 5:32 pm Quote: The mint said this on their official social media platforms, which includes Facebook. But I also saw it on their official Twitter account and I'm sure they put it on other platforms. thank you for that, but what is buggin' me, I guess, is that the Mint has posted whatever they posted on Facebook & Twitter, but not on the Mint's own website. I find that odd. I mean, why would they not post it to their own website? Quote: And you can see an indication of this on the mints website as the release date for the remaining silver dollars was changed from July to TBD. yes, I generally watch the release dates & subsequent changes, though I don't keep up with them religiously as I have no interest in most of the coins the Mint produces, like the upcoming Morgan & Peace issues. my only interest is this supposed 'global silver shortage', not the delayed release of anything. the jockeying-around of the release dates could be construed as stemming from a shortage, but... what shortage? what is this 'global silver shortage' that the Mint doesn't even mention on their own website? or am I missing it? is it authentic or is the Mint just trying to keep demand high, thus driving sales ever higher? Quote: Also people have been briefly talking about the press release from the mint in the 2021 Morgan and Peace dollars thread. thanks for that, too. I am currently reading thru that thread. I did find this post from mrpapageorgio, which does shed a little bit of light on it for me, but I still have to get thru the rest of the thread: (emphasis added by me, in bold) Quote: Dear Valued Customer, The United States Mint is committed to providing the best possible online experience to its customers. The global silver shortage has driven demand for many of our bullion and numismatic products to record heights. This level of demand is felt most acutely by the Mint during the initial product release of numismatic items. Most recently in the pre-order window for 2021 Morgan dollar with Carson City privy mark (21XC) and New Orleans privy mark (21XD), the extraordinary volume of web traffic caused significant numbers of Mint customers to experience website anomalies that resulted in their inability to complete transactions. In the interest of properly rectifying the situation, the Mint is postponing the pre-order windows for the remaining 2021 Morgan and Peace silver dollars that were originally scheduled for June 1 ( Morgan dollars struck at Denver (21XG) and San Francisco (21XF)) and June 7 ( Morgan dollar struck at Philadelphia (21XE) and the Peace dollar (21XH)). While inconvenient to many, this deliberate delay will give the Mint the time necessary to obtain web traffic management tools to enhance the user experience. As the demand for silver remains greater than the supply, the reality is such that not everyone will be able to purchase a coin. However, we are confident that during the postponement, we will be able to greatly improve on our ability to deliver the utmost positive U.S. Mint experience that our customers deserve. We will announce revised pre-order launch dates as soon as possible. Thank you for a being a United States Mint customer. so, that information deals with the delayed release of the Morgans & Peace coins, but only mentions a 'global silver shortage' driving up demand. it doesn't say anything specifically about any shortage. can anyone post the FB/Twitter announcements, if different from what I posted above? Quote: From a stock market perspective, the silver related stocks would be the initial indicators of a supply vs. demand issue. Currently, I'm not seeing anything abnormal that would prematurely indicate/suggest a share-price breakout due to another shortage. The Market Traders generally have ALL the info, prior to everyone else. Youtuber-influencers.... not so much. thanks for that, too. from the Morgan/Peace thread: Quote: Well the mint just confirmed the shortage with that statement no they haven't. they blamed the release date move on an alleged 'global silver shortage', but offered nothing to confirm said shortage. that seems to me to be deliberate trickiness in the wording to get the reader to assume there is in fact a shortage in silver that is global. where's the proof? the Mint's reaction to an alleged shortage is not proof of a shortage. Quote: I bet many people will get scammed yeah. MANY. I suspect it's already happening: Quote: Does anyone seriously think that the Mint is UNAWARE of a perceived silver shortage and high demand? good word there. 'perceived'. Quote: I don't believe the mint. glad I'm not the only one. Report this Post to the Staff
MrPink2018 Pillar of the Community United States 2474 Posts	Posted 05/29/2021 7:42 pm i just found this & am watching it as I post here. I might have more commentary once I've finished watching it. VRg2WcABVmQ edit: a little blue language within the dialog between the commentators, I'm discovering as I watch the video. sorry, I hope it won't be problematic. Edited by MrPink2018 05/29/2021 7:53 pm Report this Post to the Staff
jimbucks Pillar of the Community United States 4692 Posts	Posted 05/29/2021 7:59 pm Typical BS and hype. Been going on for decades. Report this Post to the Staff
T-BOP Rest in Peace United States 18456 Posts	Posted 05/30/2021 08:49 am There is no Silver shortage, they are putting out the word to everyone so they can ask ridiculous prices down the line ,plus have half the world scrambling to get their orders in before the mint is completely out of Silver . Yeah right ; I don't think so . Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 05/30/2021 09:14 am I just bought a British 1696 silver Crown William 111, Sheldon equivalent F-15 for U.S. $95. No upward adjustment made for bullion price made with this coin. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 05/30/2021 10:26 am Prices- wise, probably too late to buy bullion silver right now, the horse has already bolted. I had thought about buying silver, decided not to; downside risk too high, IMO. Report this Post to the Staff
MrPink2018 Pillar of the Community United States 2474 Posts	Posted 05/30/2021 8:30 pm Quote: There is no Silver shortage Quote: Typical BS and hype. Been going on for decades. Quote: they are putting out the word to everyone so they can ask ridiculous prices down the line , but i'd add the prices are already ridiculous. Quote: before the mint is completely out of Silver i, for one, would not believe that claim if it should ever be stated by the Mint. if they'd lie about a global silver shortage, then it stands to reason they'd also lie about being completely out of silver. if anyone has proof of a global silver shortage i'd love to see it. the Mint has offered nothing but- as mentioned above- BS & hype. Report this Post to the Staff
coin rejector Pillar of the Community United States 2854 Posts	Posted 06/03/2021 12:07 pm @MrPink.... "if anyone has proof of a global silver shortage i'd love to see it. the Mint has offered nothing but- as mentioned above- BS & hype.".... You are correct in your skepticism, since last Aug., the silver tracking stock aka the $SLV, has been in a trading range from ($22 to $26 per share). Note: the last couple weeks, the share price has been at the top of the trading channel ($26). But today, $SLV has taken a reversal & is down -3.3% & I suspect its headed back down to $22-$24 per share. There is no current catalyst for a price breakout, as the price continues to fail to move above & build a base at $26. Until there is a reason (for example, another silver shortage) for silver prices to move higher, the price will maintain trading in the $22-$26 channel. I added a chart of the SLV, feel free to take a look. https://bigcharts.marketwatch.com/q...show=&time=8 Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 06/03/2021 3:46 pm I don't measure the stack in dollar amount, but in ounces. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
MrPink2018 Pillar of the Community United States 2474 Posts	Posted 06/04/2021 7:20 pm Quote: There is no current catalyst for a price breakout funny... you tube keeps recommending videos to me that deal with PMs, generally the same ten or twenty talking heads* bouncing from video to video, and many of those videos are claiming things like 'silver to da moon', 'gold could break out any day', etc, ad nauseum. basically the same garbage that's been kicked around for at least the last ten years. I don't watch them in their entirety, but I will watch a few minutes, mostly to remind myself that they still have nothing to say that I need to hear. I never watch anything that claims '_____ to da moon'. I never watch anything claiming an imminent price breakout, either. I see how those "price breakouts" of the last ten years have worked out. (they haven't) okay, so the mint has issued another statement, offering 'clarity' on their 'global silver shortage' statement. is it clearer now? it's now called a silver planchet shortage that pertains to the Mint's silver planchet suppliers. that's different from 'global silver shortage', especially in the context in which it was used. i had to reread the entire Morgan and Peace thread. so what I'm gleaning is this: the Mint initially wanted to make more Morgan & Peace dollars, but couldn't, and were limited to the current numbers because they couldn't secure more planchets, but what they were able to secure was divided up however was necessary between the P, D & S mints (for the Morgan & Peace issues). so that's the shortage. there's an ongoing shortage of silver planchets. i have to ask: why? why is there a shortage of silver planchets? is it global? or is the US Mint the only mint experiencing this? is this the slow, grinding collapse I had been reading about since 2004? is this the collapse that was coming with or without covid? does anyone remember the banks crashing in the fall of 2019, prior to covid? (- ppl like mike maloney, greg mannarino, lynnette zang, david morgan, dave kranzler, andy schechtman, keith neumeyer, jeff clark, and numerous others) Quote:* I don't measure the stack in dollar amount, but in ounces. you oughta be fistfullaounces... or fistfullaAg... Report this Post to the Staff
spru Bedrock of the Community United States 12477 Posts	Posted 06/04/2021 7:38 pm Quote: i have to ask: why? why is there a shortage of silver planchets? is it global? or is the US Mint the only mint experiencing this? That's what I've been thinking. The Mint can't get as many planchets as they'd like because demand is so high. If supply doesn't increase with demand, that certainly sounds like a shortage to me. In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024 Report this Post to the Staff
Singer Valued Member United States 309 Posts	Posted 06/04/2021 7:38 pm Everybody talks their book. Report this Post to the Staff
MrPink2018 Pillar of the Community United States 2474 Posts	Posted 06/04/2021 7:54 pm Quote: Everybody talks their book. yes they do, in between trying to sell Au/Ag. Report this Post to the Staff
	Replies: 17 / Views: 4,446	Page: of 2

Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.36 seconds to rattle this change.