Considering Barrick never even had legal title to the Chilean side because they forged documents claiming ownership, I’d say they get what they deserve.  I hope they get their asses handed to them by Canadian […]

@wxman2001,
Yeah its OpEx.  Makes you wonder WTF is going on….

Its important to note that the US Mint has been maxing out production and actually exhausting supplies of planchets periodically for the last 3 years…. these numbers hardly reflect demand for the US coins.

@zman
Yes, UTIMCO took delivery of the bars but had them vaulted in NYC.  Did UTIMCO take physical custody?  No, because they don’t have the vault and infrastructure to protect the bars.  They did have them in […]

CIT (Not Citibank or “Citi”) didn’t get a bailout and were forced to collapse… I haven’t followed them but I won’t if they’d pick up any former GE and Bank of America clients.  Maybe do it purely as a middle […]

Exactly.   GE makes the most weapons ….  They want an anti gun  image for ignorant Americans who don’t have the brains to see the war machine for what it is.

@realrepublic
Thanks so much for the link to Black’s PDFs!  I’ve wanted full access to those for years! Life saver.

@ShortStack
My understanding of the reporting process for the mint is that they only publish numbers after receiving funds, locking price at the London AM fix, and committing to delivery for a certain quantity. […]

US Mint reported 681,000 ASEs sold for today … approximately $16M of bullion when ignoring the minting premium.
7500 AGEs sold, approximately $10 million in gold pulled off the market permanently.

@Thomas – Congress foresaw this which is why they mandated that the US Mint create enough ASEs to meet the public demand.  Unfortunately nobody in this corrupt government is enforcing the law and ensuring that the […]

@Mammoth
I’d say that you should still be trying to get physical at 90% or higher purity.

Just don’t pay a $6 premium … because in the States you can get 99.9% silver for $1.50 above spot if you’re careful […]

I’m all for moving physical from weak hands to stronger ones.  Hopefully one day SD can become a decent sized market maker in physical

I stopped even worrying about my average cost basis.  I’m not in silver and gold as an investment, I’m in them out of necessity to survive what is coming.

Anyone notice the Mint still hasn’t added any significant numbers to the ASE sales for April?  They’ve been doing massive AGE sales, but the ASE sales seem to have once again stalled even though everyone is sold […]

Har Har Har…. In all seriousness, this is why everyone should have a gas mask.

@Shamus001 Try reliving 9-11 … the day that the world first saw ANY steel building collapse due to fire had three steel buildings collapse into their foot prints at or near freefall speeds.  Evidence at the […]

@Celia Might I suggest that you watch Ann present on a topic other than purely commodities.  Most people who’ve seen and heard what she has to say would agree with the conclusion that the lady is a little off the […]

@XC Skater 
You’ve got a great point that I want to draw other reader’s attention to because its very important.

We, as a world, have depleted the existing available small stock items of gold and silver in under […]

Premiums and futures price decoupling are very different cookies.  They just look similar as they bake, but they taste quite different when you sample the end result.  The massive premiums on junk silver is […]

Agreed.  This is not the decoupling just yet.  There needs to be a sustained PM shortage world-wide for a good month or two straight in the retail market before we see what will be the final decoupling.