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$50 Silver: Bubble or New Norm?
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<p>[QUOTE="fatima, post: 1169359, member: 22143"]This is the official statement from the US Mint. Keep in mind that I didn't say there was no silver production in the USA. I said the USA does not hold silver as a monetary asset. </p><p><br /></p><blockquote><p><i>"By law, the United States Mint's American Eagle silver bullion coins must meet exacting specifications and must be composed of <u>newly mined</u> silver acquired from domestic sources. The United States Mint will continue to make every effort to increase its acquisition of silver bullion blanks that meet these specifications and requirements to address continuing high demand in the silver bullion coin market."</i></p></blockquote><p>Clear enough what the mint does to get silver blanks. No secret stockpiles of silver, the local coin shop, or even walmart is needed. Until the secret stockpile of silver is exposed, or a good reason given for why they US would even maintain one, then it isn't something I will use to make investment choices. This is what this topic is about.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1169359, member: 22143"]This is the official statement from the US Mint. Keep in mind that I didn't say there was no silver production in the USA. I said the USA does not hold silver as a monetary asset. [INDENT][I]"By law, the United States Mint's American Eagle silver bullion coins must meet exacting specifications and must be composed of [U]newly mined[/U] silver acquired from domestic sources. The United States Mint will continue to make every effort to increase its acquisition of silver bullion blanks that meet these specifications and requirements to address continuing high demand in the silver bullion coin market."[/I][/INDENT]Clear enough what the mint does to get silver blanks. No secret stockpiles of silver, the local coin shop, or even walmart is needed. Until the secret stockpile of silver is exposed, or a good reason given for why they US would even maintain one, then it isn't something I will use to make investment choices. This is what this topic is about.[/QUOTE]
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