Is the Royal Mint is out of Silver?

MMHWRWJ - Guys there may be light at the end of the tunnel. So I've been trying to buy physical silver and none is available. Now clearly there is a supply and demand issue here and to make things worse the Covid-19 lockdown has had an adverse effect of precious metal mining worldwide. So what this has to do with the price of silver? Well, just like oil, silver is a commodity and the second most used at that. So? when there is imbalance between supply and demand something must give. In this case, the silver shortage will inevitably result in a significant price increase. It make sense right! If something is scarce and there are more buyers than sellers the price goes up. Another example is Oil. When oil price drops Opec and the rest of oil producing countries meet up and agrees to a supply cut to stabilise oil price. And most of the time this works, until recently when Oil dropped to negative $40pb, because there is no demand and storage facilities are full to capacity. Well, well, the opposite will happen here with silver and so I am projecting a potential increase to $123 per ounce silver this year 2020. I posted a video tow days ago of a potential pull back to $9 po. I am not sure this will happen but it doesnt matter as far as I am concerned as the bigger picture is the inevitable pump to the moon.

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Across the country, coin dealers are scrambling to fill orders amid massive silver shortages… And as the severity of this deepens, silver investors stand to profit considerably from the coming silver shortage.

Silver dealers all over the country are running out of the “white” metal – fast. Buyers are waiting months for delivery of coins, bars, and junk silver.

In fact, silver supplies all over the world are at their lowest levels in 200 years – and dropping. Right now there are less than 200 million ounces of above-ground silver reserves.

According to Van Simmons, president of David Hall Rare Coins:

“There is an acute shortage of physical silver available at this time. The U.S. Mint is out of the Silver Eagles… silver bars in the 100 ounce size are unavailable at this time. In 30 years I have never seen that.”

Compare that to 1950 when the U.S. alone had 2 billion ounces of silver reserves.

So where has all the silver gone? Year after year, its been used up to fill the gap between supply and demand. In 2007 alone, silver demand was at 843.7 million ounces while silver mines only pulled 670.6 million ounces out of the ground.

Meanwhile, Industrial demand for silver, especially in electronics, has risen at a rate of 7% a year – primarily in growing markets like China and India, countries which have recently depleted their silver supplies and are now relying completely on imported silver.

And yet, despite an increasing industrial demand for silver and worldwide supply scarcity, prices have remained relatively low at just over $12 an ounce. That’s still 76% below its historic high.

Basic economics teaches us that increased demand, mixed with a supply deficit, leads to one result – higher prices.

This imbalance won’t last forever. And whether you buy silver bullion directly, use an ETF, or invest in a silver mining stock, this precious metal could give your portfolio a nice boost in 2019 or 2020…

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from Investment U

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The Coming Silver Shortage Means the Right Time to Buy
In addition to basic supply and demand, there are several more reasons silver will make a vital addition to your portfolio in the current market:

Silver thrives amidst world chaos. When silver exploded to $49.45 per ounce in 1980, oil prices were skyrocketing, U.S. racked up an extraordinary debt, and Washington D.C. was clouded with political uncertainty. Sound familiar?
Commodities tend to gain value during times of rising inflation and a declining dollar. And both are happening now. So by investing in silver, you’re doubling up on its benefits.
Finally, silver is an excellent hedge against a poor-performing stock market. A diversified portfolio can easily weather financial storms, and even prosper in a bear market. Owning silver is one great way to diversify.
Considering the current market conditions, dedicating a small percentage of your portfolio to silver makes sense. So here’s 3 ways to do it.