Last Call Before Closing Time
Unlike paper money that can be printed out of thin air, real money, gold and silver, cannot be instantly created to meet demand needs. Occasionally, demand for metals exceeds supply and the physical metals market dries up. Such appears to be the approaching case based on the following commentary from Doug Steer over at Casey Research. I strongly urge you to not wait around too long or you will be left behind.
"The U.S. Mint had another sales report yesterday. The sold 3,500 ounces of gold eagles...2,000 one-ounce 24K gold buffaloes...along with another 150,000 silver eagles. Month-to-date the U.S. Mint has sold 83,000 ounces of gold eagles...17,500 one-ounce 24K gold buffaloes...and 2,134,500 silver eagles. As I keep reminding you, dear reader, I do hope you're getting your share, as it's my opinion that the clock is ticking.
There was huge activity over at the Comex-approved depositories on Tuesday, as they reported receiving 2,209,572 troy ounces of silver...and shipped 1,754,399 ounces of the stuff out the door. As Ted Butler keeps pointing out, this sort of frantic in/out activity suggests tightness in the physical market, as it appears that no one wants to sell the Comex-held silver they own...at least not at the current price level, so new supplies must be brought in to meet demand."