Global Silver Shortage??

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DSCoins
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Global Silver Shortage??

#1 Unread post by DSCoins »

@Daniel
I left this comment on you YouTube channel. I figured I may as well enter here as well.
As far as a global shortage I don't really feel there is. The mint itself by Law can only purchase its Silver from US sources. This may cause the mint to not be able to acquire the silver they may need to meet their demand.
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Re: Global Silver Shortage??

#2 Unread post by Daniel »

Yeah, there's not a shortage of silver just a supply issue maybe.

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Re: Global Silver Shortage??

#3 Unread post by DSCoins »

When Congress passed the Law on making the American Eagle one once coin, they wrote into the law a sort of catch all. The US Mint may only use US sources for the purchase of all silver they use to make them. This law was also written so that the all silver coins that the Mint would and or could make would also be via US sources. As we know the Mint it self does not make the palettes for their silver coins. They have a contract with a company to produce the Palettes who can only again make them from silver that is from US silver mines.
USN Retired Jun1977-Jun 1997/100% disabled VET. (Not a wounded warrior)
Member CONACA
ANA
PCGS
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Finds to date
2000-P .05C Strong Clashed Die O/R PCGS # 14129072 photo at maddieclashes
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