Due to a surge in demand the United States Mint has sold out of 2014 silver eagles. They will be minting more 2014 silver eagles very soon to meet the demand. The Mint also ended platinum eagle sales last month. Read all about it here Perhaps this could give rise to silver prices once more? What does everyone think about all of this?
Maybe when they (mint) go shopping for the new blanks to produce these coins the prices for such will be lower, resulting in lower prices in the retail sector. Just a thought..........
Their loss. Plenty of other government mints have supply. People buying ASEs aren't moving the silver market. So, I don't expect this to be the reason for a significant rebound in prices.
I don't think in the near future ASE will increase in value, but eventually there will be a rise in silver. As the raw silver becomes scarce, the eagles will rise in value. One naysayer says in about ten years, silver will be over one thousand dollars an ounce. I collect ASE because I like them. Proof and uncirculated alike.
If silver ends up being $1000/oz then that would mean we would be living in a financial doomsday economy. I don't think Silver will go above $30 an ounce anytime soon there is a lot of ways for people to control the price of silver.
Its a cycle, silver is lower because the dollar is MUCH higher (88 index), Oil is lower....these will change. When it low like this, it gets below the cost of mining except for the by product mines, but that of course will lead to more demand and it will go up. For now...its the dollar.....the prettiest ugly girl at the dance.
