Thursday, August 21, 2008

Please explain this!!!

According to an email I received today, August 21, a credible source has stated that the U. S. Mint has once again for the second time this year suspended the minting of Gold and Silver Coins. The reason for such an action is because silver is increasingly scarce. IF such claims are really true Please tell me why the price of an ounce of Silver is at its lowest price of the year on the commodities market?

IF the U. S. Mint HAS really run out of silver... where are the bullion bankers getting their bullion metals that they sell their Gold or silver backed stock contracts for. DO THEY HAVE metals behind those contracts or not? What I think is going on in the precious metals market is nothing less than FRAUD.

If you are familiar with the company named Kitco, they are a household name of providers of precious metal coin and bullion bars, I just checked their website and this is what I found....

"IMPORTANT NEW NOTICE: Demand for bullion products has increased significantly in recent days. As a result, we may experience delays in supply and possibly delays in processing and shipping by our vaults. We apologize for this inconvenience and will do everything in our power to service your orders as quickly as possible. While cancellation fees still apply, prices are guaranteed regardless of the length of the delay. We remain committed to providing you the best service no matter what market conditions prevail."

Notice they stated "may experience delays in supply"... Seems to me they are not getting the quntities needed to meet the increasing and already brisk demand for bullion bars and coins. So WHY IS THE PRICE OF GOLD AND SILVER ON THE COMMODITIES MARKET GOING DOWN? THIS DOESN'T MAKE SENSE.

High demand usually, scatch that, ALWAYS brings higher prices. WHY ISN'T IT DOING SO NOW?

Before I quit for today -- here's a link to check daily silver spot prices
http://www.kitco.com/charts/livesilver.html

Interested in Live Gold prices...
http://www.kitco.com/charts/livegold.html

Want to check out a program where you could earn unlimited FREE American Eagle Silver Coins for one month fee? Go to www.silversnowball.com/266 I've been in it for several months and I like what I see there.

Thrive.

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