“Out of Business” in Silver – The Cupboard is Bare
August 16, 2008 – 3:59 pmEd Steer of Casey Research reports…
“The US Mint announced that it has suspended production of gold eagles until further notice, and is not accepting new orders from dealers. August is only half over and gold eagle sales have exceeded all other months by a wide margin. As I reported on Thursday night, everything was fine with my bullion supplier. Then yesterday (Friday) he told me that despite record orders again…every one of his Canadian and US suppliers had no product for him. He can get some gold, but he’s basically out of business in silver. He said that by early next week, virtually all North American bullion sales will have ground to a halt, as nobody has anything to sell. I hope you have your bullion, because now that the pipeline is empty, it will be virtually impossible to refill.”
Silver is strapped to a Saturn V rocket. T-Minus X days and counting…
And here is the company you’ll be “kicking” yourself over. Woulda, shoulda. coulda…
-xearther
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