Scotia Mocatta Sells Out Of All Silver Bars

Posted: February 3, 2011 in Current Events, Precious Metals, Silver

We have more big news in the physical silver market.  Demand for physical silver continues to soar on many fronts.  The US Mint had a record month in silver sales and now Scotia Mocatta which is the largest bullion bank in Canada has run out of silver.   Moving forward as dollar devaluation accelerates we expect silver demand to stay at record levels.  Use all pullbacks to your advantage.

Scotia Mocatta Sells Out Of All Silver Bars Article Here

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Comments
  1. K says:

    The US-Mint has also halted production on their Silver Eagles! They are required by law to meet demand, but the physical silver just isn’t available!

  2. yourhedge says:

    Hello K,

    That is huge news!! Is that confirmed? Could you please provide your source?

    Thank you,
    Yourhedge

  3. K says:

    Am I missing something here? Why hasn’t there been more about this?
    http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13738&langId=-1&parent_category_rn=10191&top_category=10191

    American Eagle Silver Uncirculated Coin

    Production of United States Mint American Eagle Silver Uncirculated Coins continues to be temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Until recently, all available silver bullion blanks were being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”

    Although the demand for precious metal coins remains high, the increase in supply of planchets—coupled with a lower demand for bullion orders in August and September—allowed the United States Mint to meet public demand and shift some capacity to produce numismatic versions of the American Eagle One Ounce Silver Proof Coin.

    However, because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.

    The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

  4. Bud says:

    Plenty of silver bullion on bay as of today feb 12 2011….even with the delivery costs the price you pay during this temporary suppression of prices by jpm,the fed and bullion banks is going to be lower than the future prices….once these banksters stop their dishonest actions the true valuation ( higher) of gold and especially silver will be set….a small quote from Ted butler says it a lll….”load up while you can at these depressed prices”…. sorry mr butler if I paraphrased you incorrectly but the general message is still the same….buy and hold physical metals now!).

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