Silver Eagles and Round Premiums Shrinking!

SUNSHINE MINTING 1 OZ. SILVER ROUND

I am not a silver round type of guy. I've always believed that US Junk Silver coins (pre 1965 circulated dimes, quarters, halves, and dollars) along with the American Silver Eagles (world's best selling bullion coins), were the best overall investment. The coins have a lot going for them. They're minted by the trusted US Mint, and are among the most purchased silver coins in history. In a future economic disruption trading scenario, they'd also be the easiest to explain to the average non-savy person. On the other hand, I shrink at the thought of having to explain just what the heck the above pictured silver round is and what it's worth. I know it's one ounce of fine silver by a trusted company, but to the average American in a strange new world it's just some weird slug that he's never seen or heard about before. Indeed, ask the average man on the street what privately minted money is, and he'll say counterfeit 9 times out of 10!

In the past, however, silver round enthusiasts have been able to claim the only advantage available to their precious metal choice -  the round was markedly cheaper per ounce than the American Eagle and junk silver coins. Even that advantage is now disappearing, and the following prices from APMEX.com speak volumes:

Cost per each American Silver Eagle 1 oz. 2011 (Qty 500+)          $37.18            $3.05 per coin premium


Cost per 1 oz 90% American Junk Silver    ($500 face value)           Spot to +5%   0 to +5% premium


Cost per 1 oz. Sunshine Minting Silver Round 2011 (Qty 500+)    $36.18             $2.05 per round
premium

So, what we're looking at now is only one dollar difference between a bullion COIN minted by the US Mint and currently the single best selling bullion product in the world, and a private company ROUND product unkown to the vast majority of Americans. To make matters worse for the round adherents, presently junk silver is selling at anywhere from spot to spot +5%. A great bargain for coins that were once used in everyday commerce, and whose likeness to the present nickel/copper drones requires only quick instruction to bring a trading partner up to snuff!

To sum up, in my book a buck difference between a silver round and a coin that is legitimate US money is just too insignificant to make its inclusion in my economic distress portfolio worthwhile. Of course, silver round boosters are notoriously hard-headed types (although I truly do love you guys). They'll probably hold onto their rounds until the cows not only come home, but also after they're milked and slaughtered for hamburger! They may even take some perverse joy at having to explain their trading medium to every single person they seek to do business with. For my part, I'll just fork over my junk silver and an occasional ASE and be on my way!

Rick

Is The Silver Sky Falling?

The spot price of silver took a bit of a tumble recently, sending silver-futures prices down to $35.28 an ounce from nearly $50 in just five trading days. The prime culprit was the COMEX, which increased its margin requirements 84% during the week. Margin calls came in fast and furious, forcing many small speculators to sell their positions to cover. The COMEX (sometimes called the CRIMEX), claims the increased margin requirements were instituted to decrease the "volatility" in silver futures trading. Others say it was a last ditch attempt by the troubled trading entity to avoid default, due to woefully inadequate silver reserves on hand to cover paper positions.

No matter what you chose to believe the question still remains: Is the silver sky falling?

Firstly, the bullish long-term financials of silver have NOT changed. See Why You Must Buy Silver Now!

Secondly, the paper spot price of silver may have been manipulated downwards, but physical silver is already recovering. I've seen rolls of silver eagles and junk silver recently selling on eBay for as much as 20% above the current spot price. I like eBay because it illustrates what the "real market" price is for silver coins, bullion, etc. The banksters can manipulate the paper spot price with a variety of shady tactics, including raising margin requirements, but the thousands of small auctions happening everyday on eBay are beyond their powers (or even notice). In addition, huge internet sellers like APMEX are not only out of silver eagles until May 13th, but they're charging (and getting) a $5.29 premium on each eagle they sell. All indications are that any physical seller that actually tried to sell close to spot would probably be out of stock in a matter of hours.

Lastly, trust in your physical silver. Continue to buy on the pullbacks. Check out the latest "silver bears" video http://www.youtube.com/watch?v­=u9LcKcXpCDE for some interesting insight into the insider manipulations behind the present price drop. WARNING: The bears work blue. If strong language bothers you, beware.

My opinion? The Silver Sky is NOT Falling!

Rick

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

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Why Junk Silver Ain't Junk!

Those paying attention to world events, inflation, and the destruction of the US Dollar are buying silver. However, there are many forms of silver available for buyers including bars, rounds, American Silver Eagles, foreign silver coins, and 90% US silver coins or junk silver. I believe junk silver coins (dimes, quarters, halves) minted for circulation up to and including 1964 make the best investment for the following reasons:

• First and foremost, during intense bull markets in silver - like the one we're experiencing right now - junk silver tends to outshine (and outperform) silver bullion.


• Junk silver is a finite commodity.


• Junk coins are no longer being produced (the scarcity factor).


• Junk coins are easily recognizable.


• Junk coins are divisible, meaning you're able to use small amounts to pay for something.


• Junk coins require no assaying.


• Junk silver was produced by the U.S. government, meaning everyone everywhere recognizes what you've got, so you don't need to run any tests to prove its value.


• Junk coins are utilitarian, meaning you could actually put change into a payphone (remember those?) or a vending machine to purchase a product or service.


• Junk coins were produced by the US government itself - and remain "legal tender". Therefore it is unlikely they will be confiscated by said government.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies:

Rick

CLICK ADS BELOW FOR FREE DISCOUNT! 

How Would You Invest $100,000?

How would you invest a $100,000 windfall? Well, if you're like the Chief Investment Officer of Sprott Asset Management you'd do the following:

"I would probably put 80% in precious metals, 10% in energy, and another 10% in agriculture, as well as special situations stocks. In the precious metals area, I would put at least 60% into something oriented toward silver. I think silver will appreciate on a percentage basis way more than gold over the next decade and trade back down to a gold-to-silver ratio of 16:1, where it has historically been. It’s something like 48:1 now. In the energy sector, I’d own some oil and gas and uranium stocks, while in agriculture, it would be potash and phosphate."

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

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Gold & Silver and Christianity

Revelation 13:16-18

16And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. 18Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

The above verses of Revelation are some of the most well known in the Christian Bible. They foretell of a future where the average citizen is part of a worldwide economic / political system that requires membership to participate in the buying and selling of all goods. I imagine such a future must have seemed hard to imagine for Christians just a few generations ago. However, today with all our finances in digital form and duly reported to the government by our employers, banks, and starting in 2011 even eBay will start reporting sales by its vendors to Uncle Sam, the monolithic central control envisioned by the verses in Revelation 13 seem frighteningly plausible!

How can the average bible-believing Christian prepare for the ominous future ahead when faced with the awesome power of the future antichrist's regime? In a few words, gold and silver. Gold and silver have been valued by mankind for over 5000 years of civilization. The government fears and distrusts gold and silver for many reasons, chief of which is the ability of the two precious metals to provide a trading currency that is outside its control and purview. An owner of gold and silver coins, whether they be 90% junk silver American coins minted before 1965, American Silver Eagles, or metal rounds and bars, possesses a means to provide for his family without forced submission to the Antichrist's all-encompassing system of economic control.

If you don't own gold and silver, buy what you can afford ASAP! The life and souls of your family may well be at stake!

PS. I want to comment on Ezekiel 7:19 "They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling-block of their iniquity".

Firstly, the verse is referring to the literal end of the world. In particular, the lines chastise those who covet and love gold & silver money above all things. It promises that no relief will be found for such materialists on that fearful day in earthy possessions. However, until that day arrives (like a thief in the night), we will still be expected to clothe and feed our families and ourselves to the best of our abilities. History tells us that gold and silver have served mankind well for over 5000 years in the capacity of "real money", and should continue to be of value for as long as needed.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and GoldSilver.com.

Rick

Junk Silver & Eagles vs. Silver Rounds!

Objectively speaking, an American Silver Eagle (ASE) coin, one oz. of 90% junk silver coins ($1.40 face value), and a one troy ounce silver round are exactly the same. Silver is, after all, silver. However, I recommend buying ASE's and 90% junk (pre-1965 dimes, quarters, halves, dollars) rather than privately minted silver rounds, even though the former two are a bit more expensive than the latter.

Why?

Should an economic collapse occur (and assuming basic law & order is maintained or at least locally reestablished), Americans will go through a crash course in trading and real money. Initially, I expect FRN's (paper dollars) will still be exchanged due to long habit even though they have all reverted to their inherently worthless state. Next, the 90% junk silver (pre-1965 dimes, quarters, halves, and dollars) as well as the ASE's will make an appearance in trade. US minted coins will matter and their value more readily recognizable and universal.

Privately minted money in the form of rounds is an alien concept to Americans, and to the citizens of the world today. I expect this prejudice to be around a long time despite the inherent logic of the silver is silver argument.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):


Rick

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