The U.S. Mint has temporarily sold out of its 2018 American Eagle Silver Bullion Coins and is currently in the process of producing more.
“This is to inform you that due to recent increased demand, the United States Mint has temporarily sold out of its inventories of 2018 American Eagle Silver Bullion Coins,” U.S. Mint said in a press release published on Thursday.
The announcement comes amidst the strongest silver sales from the U.S. Mint since the start of last year. In August, the U.S. Mint sold 1.53 million one-ounce American Eagle Silver coins, up 72% from the previous month.
In contrast, sales of American Eagle Gold coins fell to a four-month low in August, mirroring a decrease in sales from the same period last year.
While silver coins have done much better than gold coins, physical silver continues to lag in price performance. The gold-silver ratio has expanded to 84.75, while silver has fallen to two-year lows.
Peter Hug, director of Global Trading at Kitco, said that the wholesalers responded by raising premiums by as much as 25%.
“We think that the increase is temporary and may mitigate in about two weeks. We mention it for the investors that have grown weary of the silver market. For those that have thrown in the towel and want to exit their silver positions, the upside is that bid premiums have also gone higher,” he said in a commentary Thursday.
I typically buy a few oz of silver every month. It will come in handy when the fiat dollar hyperinflates and becomes near-worthless. Also stock up some basic essentials too. That's what you'll need silver for basically, bartering.
Gabriel Bailey
if shtf im not giving my food, water and ammo away for useless metal like silver and gold. youd better have something with actual utility value if you want to barter with people. youd be better off buying vegetable seeds tbh
Grayson Brown
99.999% of stock pile preppers are doomed.
There are thousands of possible doomsday scenarios, and those are very unlikely compared to you randomly dying as an individual from something. That being true, the odds of you taking the correct preparations are about as likely as you winning a sizable lottery.
Long before survival supplies are needed, you're going to need to survive the political coups and civil wars that will start happening in every western nation.
I always say "always save one extra bullet… for yourself." In times of crisis, for many, it will become too unbearable. If you survive this, you will likely have killed many. Possibly raped and done others harm too, depending on situations. Bugging in may be an option for a while. Once people know you have supplies it will be like warding off hundreds of zombies from Night of the Living Dead. Even with entry point fortification, they'll get in at some point (or just try burning your home down completely in fits of rage).
Always save one extra bullet.
Jack Jenkins
The best scenario in SHTF is if people actually got together and burned down places like Congress and the Federal Reserve. Find and ruthlessly KILL any politician, bureaucrat or banker you can scalp alive. That would be more desirable than a bunch of preppers trying to survive as they plunder the whole damn country leaving us killing one another. I say kill them when SHTF, if you have the means to do it.
Easton Mitchell
US dollar is losing the values so maybe that is why they buy silver coin like crazy.
Andrew Sanders
Yep. We've known about this for years but I think more and more people are waking up and smelling the coffee…. speaking of which….
Carter Lopez
Absolutely false. You need survival supplies right now, today. You needed survival supplies starting the day you were born. Food, shelter and water are required to even live to see the civil war/whatever happening. silver and gold are not required, have never been required, and will never be required for a human to live.
Asher Thomas
If you can't beat 'em, join 'em.
Lincoln Turner
Silver and gold are typically used for wealth preservation because they can never be devalued to 0, unlike fiat paper/digital currencies. As for bartering, no one is going to barter if they only have limited supplies of essentials to survive. Someone who has access to an inventory of supplies MIGHT barter during hard times. If you were to ever survive the collapse and live to see the days where civilization gets back on its feet, having gold and/or silver would make you a rich man. This is why most bankers secretly love precious metals (while publicly discouraging investment).
Thomas Kelly
The masses end up dying off quickly due to lack of food, clean water and proper sanitation. I'd rather be a dead prepper than suffer under those horrific conditions.
Joseph Diaz
gold and silver CAN be valued at zero, if people are literally starving. you cant eat gold. A starving man in holohoax conditions would trade 5 tons of gold for one hamburger. Water will absolutely always have value, no matter what, forever.
Zachary King
if i have 100 potatoes and no water, and you have 50 gallons of water but zero food, we are going to barter.
Gavin Miller
PS: They won't tell you in the history books but most of the slave labor in German camps during WWII actually died from lack of resources / proper sanitation (which caused horrific diseases and sickness). This was due to strategic bombing of German infrastructure used to transport goods (which effected those camps and drained their supplies). As a result, the slave labor died. It had NOTHING to do with "skin lamps", "head shrinkers" or "gas chambers" all of which is pure nonsense (I'm no a Nazi saying this btw, its just fact). Typically these kinds of conditions tend to be the fallout of currency collapses and wars.
Lincoln Davis
He was talking about bartering basic supplies for silver or gold, which he tend to be correct. If you have limited supplies, you are not going to trade those for metals.
Ryan Wright
'A' being the operative word. You can't survive the world alone so, if you really want to live long enough to have children that will take over the responsibility of repopulating the earth: you'd better find some other preppers to join up with so you can build a village in the middle of the woods before the catastrophe actually happens.
Jaxon Jones
During the Irish potato famine people got so desperate they'd peel the leather from their shoes, boiled and ate it. Consider this a reason for stocking up on some canned foods or bulk wholesale foods that have a long shelf-life. Consider Sams or Costco. [Prepper industry will rip you the fuck off on their dehydrated foods, so don't bother.]
Only do this with people you absolutely know and trust. Most will backstab during times of real hard crisis and mandated rationing of supplies. It takes an empty stomach for a few days before even your best friends will turn on you. KNOW THIS.
Jacob Young
There is no such thing as a Nazi tbh just NatSocs
Jason Gonzalez
OK, thats true. I stand corrected.
James Taylor
Nazi is only a slur if you let it offend you. You could choose to be proud to be a Nazi. Same as Nigger.
Elijah Stewart
Lets not get too off topic here. My recommendation for those who would like to prep is stick to basic essentials needed to survive (you need food, water, proper sanitation supplies, basic medical supplies, some sort of shelter and weapons to defend yourself and family). Silver and gold should be used to preserve any extra wealth, but you will likely not use it until society reforms itself. When a new solvent currency comes into place, precious metals will be worth a heck of a lot more than they are worth right now.
Logan Jones
That's why you always carry a handgun with you.
Carson Perez
Talking like you're a real hard motherfucker, lol.
Angel Lee
Not really showing off, just pointing out what should be obvious (remember not all anons here are "tin foils" like we are…. yet.)
James Hill
This thread turned out better than I expected, the responses and all.
Gold and silver ALWAYS holds value. Look it up. All throughout human history when has gold or silver devalued to 0? NEVER.
Gold cannot be devalued to 0 because there is not an infinite supply of it. And mining gold takes a LOT of money and resources, so its not very easy to extract either. Thus, its intrinsic value.
Brody Diaz
Oh, and by the way, silver is used in ALL electronic devices today. Without silver, none of you would be typing on your computer or gadgets right now. So please… keep telling yourself that precious metals and hard commodities are worthless and to trust fiat currency digits and paper (which CAN be devalued to 0!)
