Silver Touches Fresh 31 Year High of $34.90, US Mint Runs Out Of Bullion Blanks, Halts American Eagle Silver Coin Production

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

Short Squeeze in Silver, Manipulators Getting Overrun

Silver Takes Out Hunt Brothers High … When Priced In Euros

Silver Backwardation Now ‘Unprecedented 73 Cents’

Short Squeeze Takes Silver To Fresh 31 Year High

Silver: Short Squeeze Could Be the Big One – Reaches New Multi-Decade High – Still In Backwardation

Massive Short Squeeze in Silver, Gold to Hit New Highs

London Source: Asians Buying SLV to Take Delivery of Silver

COMEX Silver Inventories Drop To 4 Year Low. COMEX Default Or Hunt Brothers Redux?

This Past Week in Gold and Silver

‘US Silver Term Structure Inverts As Supply Tightens’ – Reuters Article On Silver Backwardation

JP Morgan Silver Manipulation Explained (Part 1-4)

Silver Bullion Backwardation Suggests Supply Stress

Silver Lease Rates Rise Sharply – Bond Yields in Portugal Rise to Record

Silver Is Already In Extreme Backwardation! If The Same Happens With Gold, Then The End Game For The US Dollar With Hyperinflation Is Near

Perth Mint Has Run Out of 100 Ounce SILVER Bars for at least 6 Weeks!!!

Silver Breaks Its Golden Shackles And More Signs of Silver Shortages

$6,000 Silver and the ONE BANK

Canada’s Biggest Bullion Bank Scotia Mocatta: ALL SILVER BARS SOLD OUT

US Mint Sells Absolute Record 6.4 Million Ounces Of Silver In January, 50% More Than Previous Highest Month

Eric Sprott: Expect $50 Silver, Gold Possibly $2,150 by Spring

US Mint Reports Unprecedented Buying Spree Of Physical Silver

BullionVault.com Runs Out Of Silver In Germany

Silver: Shortage This Decade, Will Be Worth More Than Gold (!!!)

Silver Derivatives – China and JP Morgan

Max Keiser: Want JP Morgan to Crash? Buy Silver!

Max Keiser: Crash JP Morgan – Buy Silver!

JPMorgan Silver Manipulation Explained (Must-See!)

Gold:

Gold Coiled – By June, the US Will Have Monetized 100% of All of The Debt Issuance – Hyperinflation May Be in the Cards

Probable Black Swan Event Equals Gold Explosion

Richard Russell: Possibility of Gold Breaking to New Highs

Brazilian Billionaire Eike Batista Reaffirms $1 Billion Bid for Ventana Gold

Americans Will Flock Into $5,000 Gold and $500 Silver

Chinese Have A New Method To Buy Massive Amounts Of Physical Gold, Bypassing Comex And Any Form Of Delivery Limits And Problems

Gold This Decade!!!

‘GoldNomics’: Cash or Gold Bullion?

George Soros’ and John Paulson’s Biggest Holding Is GOLD

China, Russia, Iran are Dumping the Dollar, Buy Gold And Silver

Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’

And don’t forget to do this (!!!)…

James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

… or …

US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SIEZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

Related information:

Marc Faber: ‘I Think We Are All Doomed’

The Market Is Telling Us That The US Dollar Is Finished

IS THERE GOLD IN FORT KNOX?

Tungsten Outperforms Gold, Returns 70 Percent In Last Year (And we all know exactly why!)

Alert: Get Out of Your Dollar Assets Now!!!

The Ultimate Cost of 0% Money

These Central Banks Are Printing Money – Prepare Yourself

Quantitative Easing Explained

Summary:


?

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.