ALERT: Retail Silver Shortage is now a Wholesale Silver Shortage
Just a note to all of you that think this "retail silver shortage" is just another ordinary shortage based on a shortage of coin blanks (planchets) and that soon everything will return to normal...
IT WILL NOT!!!
The retail shortage has been going on for 3 months now with no end in sight. The US Mint is still massively rationing with only 2M coins sold in September after they have cutback production by 40%...
Weekly Allotment of American Silver Eagle Bullion Coins Lowered
http://www.coinworld.com/news/precious-metals/2015/09/united-states-mint-silver-eagle-allocation-down-19-percent.html#
Those that have ordered silver coins for delivery weeks or months from now are being fooled. The whole concept of a retail planchet shortage means that the mints and refiners are only waiting on the processing of metal into retail forms. One would think that the planchet makers, 3 months into the shortage, would be producing at full capacity in order to take advantage of the higher prices but the backlog keeps growing and the time frames for delivery extended.
And yet WHERE are the massive volumes of retail silver that caused this backlog being delivered? Where is this new increase in production being sold? Certainly not from the US Mint or the Canadian Royal Mint or even at the Perth Mint that still claims this is just a retail silver shortage problem.
IF this were only a retail problem then by now the market should be FLOODED with planchets to alleviate the backlog but from what I am hearing - the backlog and time frames are growing with very few planchets available.
Yes, you can still buy silver at high premiums but there is something else going on this time.
My advice: go to your local silver coin shop and load up!
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
PS - The market volatility is increasing as expected...when it cracks again is anybody's guess. Watch for the Pope to cause a stir this week as he takes his orders from someone else these days :)
