The scramble for non-dilutable currencies hits a frenzy as silver just touches on a fresh 31 year high of $34.90.
To commemorate this historic event, the US Mint has halted American Eagle silver coing production, in addition to its ongoing halt of American Buffalo coins:
“because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced. The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.”
Submitted by Tyler Durden on 03/02/2011 09:45 -0500
Source: ZeroHedge
And of course Blythe Masters was right that nobody can manipulate the silver market, right?:
Added: 05.07.2010
Sure Blythe! Nobody believes that BS anymore. Game over.
It’s just a fact now that there is nothing left!
Silver is still incredibly cheap.
I would buy every silver Maple Leaf, American Eagle or Wiener Philharmoniker I could get my hands on.
Only physical gold and silver are real, everything else is an illusion.
– Exposed: The iShares Silver Trust (SLV) Scam
More on gold and silver:
Silver:
– CNBC: Total Silver Demand At 127% ! – The Case For $130 Silver
– Dollar Ready to Collapse, Silver Squeeze to Continue
– Even The Royal Canadian Mint Now Says It’s Difficult To Secure Silver
– Unprecedented: Silver Backwardation Surges To Over $1.00
– Eric Sprott on Silver: ‘THERE IS NOTHING LEFT’
– Fractal Analysis Suggests Silver to Reach $52 – $56 by May – June 2011