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<p>[QUOTE=&quot;19Lyds, post: 2218448, member: 15929&quot;]One of the latest Coin Worlds reported that the Government had put a halt to the sales of Silver Eagles on July 7th to the &quot;Authorized Purchasers&quot; because they had run low on silver planchet stock.&nbsp; When sales did resume on July 27th, there was a spike in sales. So much so that for the 11 days of actual silver sales by the government in July, they still sold over 5.5 million ounces. A side note to the sales in the Coin World story was an indication that silver coin and &quot;bar&quot; distributors were having difficulty &quot;filling orders&quot;. This kinda tells me that the 2 ounce Privateer rounds I bought from Provident Metals &quot;might&quot; have been two Silver American Eagles in a prior life? Nah, that silver could have originated from Mexico or somewhere else in the World. But, are bar and round makers melting Silver Eagles to make their products? Maybe....</p><p><br /></p><p>Is silver abundant? In 2013, according to Wikipedia, 836 Million Troy ounces of Silver was mined Worldwide.</p><p><br /></p><p>Now, you obviously have internet access. Start using that access to do some research on &quot;silver&quot; and remember that Silver Eagles &quot;were&quot; required by law in 1985 to be produced ONLY from silver transferred from the &quot;U.S. Strategic and Critical Materials Stock Pile&quot; which could ONLY be replenished with silver mined within the United States. This meant that it could NOT be imported from Foreign souces such as Australia which provided much of the Stock for the Silver State Quarters. But all that changed in 2002 due to the rising demand for Silver and the continued depletion of the Strategic Stock Pile.</p><p>Read more here:&nbsp; <a href="http://about.ag/AmericanSilver.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://about.ag/AmericanSilver.htm" rel="nofollow">http://about.ag/AmericanSilver.htm</a></p><p><br /></p><p>Better yet, use your internet access to do some research on Silver and remember that when the Liberty Coin Act was passed in 1985, its intent was to make Silver and Gold available in smaller quantities to the common individual as an &quot;investment tool&quot;. &quot;Investment&quot; has turned into a commodity governed by the Stock Market indexes which rise and fall according to investor interests and availabilities of those commodities.</p><p><br /></p><p>Silver, as an investment, might possibly be a good long term (more than one year or in the case of Silver 30 years) investment as indicated by a few other posters but, in the short term (less than a year) it can be brutal AND you have to rely upon quantity to realize a profit meaning more than a single ounce.</p><p><br /></p><p>Always remember that there are folks out there who CAN convince you that Silver is a GREAT Investment and could reach $1,000 per ounce but, their goal is to SELL you silver which in turn profits &quot;their&quot; investment and/or business.</p><p><br /></p><p>As a general rule, silver in the form of coins is a terrible investment vehicle but &quot;coins&quot; as a collectible, can and often is a tremendously &quot;rewarding&quot; vehicle for personal pleasure. The most rewarding aspect of the &quot;hobby&quot; is the sole fact that it has a real, and tangible value. This basically means that, unlike collecting matchbooks, bottle caps, and sports cards, you can always &quot;sell&quot; your collection for more than its face value or at the very minimum you can &quot;spend&quot; your collection for its face value such as with CnClad coins.</p><p><br /></p><p>Do some research and keep asking questions.[/QUOTE]</p><p><br /></p>

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