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출처: 경제 원문보기 글쓴이: 정직이최선
A very, very clear signal that the END GAME is reaching a critical point was the halting of US Silver Eagle production yesterday. THIS IS NOT THE SAME AS BEFORE!
I have long talked about and recommended US Silver American Eagles (SAE's) as my #1 form of physical silver to invest in. I have written many articles about WHY but the main reasons boil down to this short list:
1) Ease of sale...although premiums are usually high for US Silver Eagles the resale premiums are high as well.
2) Recognition of metal...SAE's are the #1 selling silver coin sold in the world and are easily recognized throughout the US if not the rest of the world. They are arguably the most beautiful of all the Government issued coins.
3) Form of US Money...this is a big one. SAE's are made by the US Treasury and are identified on the back as ONE DOLLAR. This is the TRUE US Dollar and it is NOT the Federal Reserve Notes we commonly think of as a US Dollar.
4) Stricter Laws...SAE's are not only covered under the common fraud laws that cover selling fake silver coins but also under the US Counterfeiting laws which are much more strict and have stiffer penalties.
Ok. Back to the latest news.
On November 5th the US Mint sent notification to all their major resellers that they are NOT SELLING anymore US Silver Eagles due to high demand.
U.S. Mint temporarily sold out of Silver Eagles amid huge demand
http://www.reuters.com/article/2014/11/05/usa-mint-silver-coins-idUSL1N0SV2RP20141105
Nov 5 (Reuters) - The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following "tremendous" demand in the past several weeks.
In a statement sent to its biggest U.S. coin wholesalers, the U.S. Mint says it will continue to produce 2014-dated coins. The Mint will advise when additional inventory will become available for sale without providing further details.
The announcement has not been made available to the public, but a U.S. Mint spokesman confirmed that it has sent the statement to its authorized participants.
A sharp break in gold prices to their lowest in more than four years last week has unleashed a surge in demand for silver and gold coins in North America and Europe.
END
Of course the silver bugs are left scratching their heads at the news. High demand??? High demand with the price of silver dropping to 5 year lows??? High demand in the most popular silver coin in the world and yet the press and the price are telling us that silver is in a bear market?!
Yes. Obviously there is a major disconnect here that for some reason the CFTC does not think is relevant. They are so in bed with the riggers that they refuse to stop the midnight dumping of millions of ounces of paper silver on the COMEX and LBMA that happen every night lately.
You've heard it all before.
But let's take a deeper look into the US Silver Eagle Program, why it was set up, who set it up and where it will ultimately lead us.
YES! Once again there is a Greenspan connection as the Silver Eagle Program began just months before Alan Greenspan was appointed Chairman of the Federal Reserve. At the time the financially savvy people of the world were SHOCKED that Ronald Reagan appointed the world's #1 Gold Bug as the head of the Federal Reserve.
Truthfully, I would have been shocked if I was a gold/silver analyst back in the 1980's but sadly...I had no idea of the significance back then as I was just finishing college.
Oh if I knew then what I know now! I would have been creaming from the roof tops..but to who? This was pre-internet. Back when only a very small handful of people were in the know. I would have been screaming into a hurricane rather than what I'm doing now...screaming into a slight breeze. :-)
Thank God for the internet! We would have all been doomed for another 100 years!
Let's move on...
The following is a letter I wrote to the US Mint when they first started rationing US Silver Eagles back in 2008. Back then it was 100% illegal to halt the production of US Silver American Eagles...
US Illegally Rationing Silver Eagles
June 4, 2008
Open letter to:
Henry Paulson
US Secretary of The Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20220
Edmond C. Moy
Director of The US Mint
801 9th Street, NW Room 8S23-3
Washington, D.C. 20220
RE: US Silver Eagles Illegal Rationing
Dear Sirs:
It has come to my attention that 1oz US Silver Eagle coins are being rationed by the US Mint to 13 authorized dealers and not being made available to the public in adequate amounts.
http://www.silverinstitute.org/news/pr29may08.html
According to US Law: 31USC5112(e) this action is illegal and I demand that this rationing program end immediately.
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=browse_usc&docid=Cite:+31USC5112
(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which--
(1) are 40.6 millimeters in diameter and weigh 31.103 grams;
(2) contain .999 fine silver;
(3) have a design-- (A) symbolic of Liberty on the obverse side; and (B) of an eagle on the reverse side;
(4) have inscriptions of the year of minting or issuance, and the words ``Liberty', ``In God We Trust', ``United States of America', ``1 Oz. Fine Silver', ``E Pluribus Unum', and ``One Dollar'; and
(5) have reeded edges.
(f) Silver Coins.--
(1) Sale price.--The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dies, use of machinery, and promotional and overhead expenses).
(2) Bulk sales.--The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount.
(3) Numismatic items.--For purposes of section 5132(a)(1) of this title, all coins minted under subsection (e) shall be considered to be numismatic items."
The law is clear that the silver coins must be supplied to the US public in "quantities sufficient to meet public demand" EVEN IF it means the US Mint drives up the price of silver bullion on the open market in order to obtain the silver needed to produce the US Silver Eagles. That rise in price should, theoretically, decrease the current voracious demand for US Silver Eagles and allow for the true price discovery of silver bullion. That's how our freely traded markets are supposed to function in order to determine the "fair market value" of any asset.
Unfortunately, the rationing of Silver Eagle coins greatly distort the fair market value of both the coins as well as the silver bullion used to make them. By rationing the coins, the US Treasury and US Mint are artificially suppressing the demand for silver bullion thus creating artificial downward pricing pressure on silver. The size of this artificial price/demand loss is unknown BUT given that the 1oz US Silver Eagle is by far the most popular silver coin in the world, I would suggest that the artificial suppression is significant. For example, when the Silver Eagle rationing program started in mid-March 2008, the price of silver bullion immediately dropped from $21/oz to $17/oz thus trimming 20% off its fair market value in only 4 days. Clearly the fair market value is being artificially distorted. As stated in section (f) above, the public is entitled to purchase US Silver Eagle coins at the "market value of [silver] bullion" plus costs associated with production. Currently, that is not the case. I expect you to end the rationing program immediately and fulfill your legal obligation to the people of the United States of America.
The US Mint is not sanctioned to be a market maker or market manager in precious metals. The Mint is, by law, the facilitator of US Silver Eagle supply and that supply is legally designated to be limited only by the willingness of the purchaser to buy. If the Mint receives an order for 10M ounces or 20M ounces or even more it is 100% legally obligated to immediately supply those Silver Eagles from inventory or enter into the physical silver market and purchase the silver bullion and process it. What effect that purchase has on the price of silver bullion should not be of consequence to the Mint since the price is passed on to the purchaser (plus fabrication).
Luckily, for the stability of the silver market, the CFTC has assured the world that there is no silver price manipulation and that there is currently (and apparently always will be) an adequate supply of physical silver to cover any demand that surfaces.
http://www.cftc.gov/newsroom/generalpressreleases/2008/pr5499-08.html
I would also like to point out that the US Silver coin has always had tremendous historical and monetary significance to the citizens of the United States of America. US Silver Eagles represent "honest money" and to witness their continued manipulation is disheartening.
I am also sending this letter to other interested parties below to inform them that another silver crime is in progress.
Sincerely,
Bix Weir US Citizen
Cc: Michael Mukasey, US Attorney General A. Roy Lavic, Inspector General CFTC Senator Dianne Feinstein, Congressman Ron Paul
END
I guess they took my letter to heart as they soon resumed making SAE's in quantities that met demand.
And then again in 2011 they started rationing SAE's so I wrote another letter hoping to force the same effect - the resumption of production...
May 11, 2011
Open letter to:
Director of The US Mint
801 9th Street
NW Room 8S23-3
Washington, D.C. 20220
Re: US Mint Must Pay More For Silver
Dear Sir:
By stopping the production of US Silver Eagle Coins you are in violation of Public Law 99-61 which requires you to produce these coins "in quantities sufficient to meet public demand . . . "
According to US Law: 31USC5112(e) this action is illegal and I demand that Silver Eagle Production begin immediately.
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=browse_usc&docid=Cite:+31USC5112
(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which--
(1) are 40.6 millimeters in diameter and weigh 31.103 grams;
(2) contain .999 fine silver;
(3) have a design-- (A) symbolic of Liberty on the obverse side; and (B) of an eagle on the reverse side;
(4) have inscriptions of the year of minting or issuance, and the words ``Liberty', ``In God We Trust', ``United States of America', ``1 Oz. Fine Silver', ``E Pluribus Unum', and ``One Dollar'; and
(5) have reeded edges.
(f) Silver Coins.--
(1) Sale price.--The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dies, use of machinery, and promotional and overhead expenses).
(2) Bulk sales.--The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount.
(3) Numismatic items.--For purposes of section 5132(a)(1) of this title, all coins minted under subsection (e) shall be considered to be numismatic items."
The law is clear that the silver coins must be supplied to the US public in "quantities sufficient to meet public demand" EVEN IF it means the US Mint drives up the price of silver bullion on the open market in order to obtain the silver needed to produce the US Silver Eagles. That rise in price should, theoretically, decrease the current voracious demand for US Silver Eagles and allow for the true price discovery of silver bullion. That's how our freely traded markets are supposed to function in order to determine the "fair market value" of any asset.
The Laws of the United States of America are put on the books to facilitate the proper functioning of our society. It is not within the powers of the US Mint to decide which laws are obeyed and which are discarded.
The "Uncirculated" Silver Eagles coins are subject to Public Law 99-61 as stated in section 2(J).
"(1) In general.--Except as provided in paragraph (2), no
provision of law governing procurement or public contracts shall be
applicable to the procurement of goods or services necessary for
minting, marketing, or issuing any coin authorized under paragraph
(7), (8), (9), or (10) of subsection (a) or subsection (e),
including any proof version of any such coin."
This is not a new problem as I have written you many times in the past about this issue. Here is a letter from over 2.5 years ago that addressed the exact same problem:
US Mint Illegally Rationing Silver Eagles
http://www.roadtoroota.com/public/140.cfm
The problem with silver availability is NOT that the silver blanks are not available but that...
THE PRICE THAT THE US MINT IS WILLING TO PAY IS FAR TOO LOW!
The reason for this is that the ongoing manipulation and price suppression of silver keeps the price of silver well below its "Fair Market Value".
Of course there is an obvious solution to the problem...
PAY MORE THAN THE ARTIFICIALLY SUPPRESSED PRICE FOR SILVER BLANKS!
If the US Mint were to offer $50/ounce for silver blanks then suppliers would be lined up around the block to provide you with all the silver you need to be within Public Law 99-61. If you believe that $50/ounce is too high then you must determine at what price would the US Mint be able to source silver blanks to adhere to the requirements under the law.
This is not rocket science. This is how the FREE MARKET IS SUPPOSED TO WORK!
I request that you IMMEDIATELY remedy this violation and offer sufficient premiums to the suppliers of silver blanks in order to deliver US Silver Eagles "in quantities sufficient to meet public demand".
The injustices in America these days are many...don't add to them by not upholding the laws of our land.
Sincerely,
Bix Weir
cc: Gary Gensler, CFTC Chairman, Bart Chilton, CFTC Commissioner, Ron Paul, Chairman of the Domestic Monetary Policy Subcommittee
END
END
Unfortunately, instead of resuming production to stay in compliance with the law like last time...they just changed the law!! A new provision in the Dodd-Frank Bill gave the US Treasury Secretary the power to halt production of Silver Eagles whenever he damn well feels like it.
Nice end around.
But that won't stop our uncovering of the fraud and market rigging related to the US Mint. Did you know that the US Mint was one of the largest silver hedgers in the world? Check this out from a few years back...
ALERT: Secret Silver Hedging By US Mint EXPOSED and HSBC potentially Defaulting on COMEX Silver Deliveries!
http://www.roadtoroota.com/members/1265.cfm
"Wow! I have been jumping up and down for years that the US Mint is in bed with the silver market riggers and now we finally have PROOF! Mike Maloney & Christian Garcia expose the US Mint as "hedging" their silver flow through entities that are rigging the silver market!! In this case HSBC. This hedging position also coincides with the introduction of SLV which further clouds the mess!!"
"Now that it was admitted that the US Mint hedges through HSBC the questions can be asked. Like why is the largest silver purchaser in the world trying to control the price of silver when their only mandate is to supply silver Eagles "in quantities sufficient to meet demand"? Is HSBC living up to it's obligations in those hedges when the US Mint is unable to source physical silver at times of high demand?! What good is a silver hedge if you can't call for delivery when you need the metal which apparently the US Mint cannot do? Has HSBC's relationship with the US Mint been replaced by another large silver rigger like JP Morgan or Citibank with their newly acquired $9B silver derivative position?"
END
And there's more. This was an email I sent in July 2013...
US Silver Eagle Sales Conspiracy Continues
Many people have commented on abrupt and drastic decline in the reported sales of US Silver Eagles in the month of July. According to the US Mint the sales of SAE's in July 2014 totaled 1,975,000 ounces down from 4,406,500 back in July 2013.
http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=bullion
So what does it mean? WHY is the appetite for US Silver Eagles falling right before it is about to be set free??? Crazy right?
OBVIOUSLY...there's just another conspiracy behind this reported figure :-)
Let's start with the total sales of SAE's in 2013 where there was a significant jump in SAE sales...
June 2013 = 3,275,000
July 2013 = 4,406,500
Aug 2013 = 3,625,000
Wow...for some reason there was in huge jump in July 2013. Knowing that the US Treasury Secretary Jack Lew controls the production of US Mint Silver Eagles I was surprised last year that he had "allowed" this many SAE's to be made...but now it makes sense. Not only does Jack Lew control the production BUT HE CONTROLS THE REPORTING OF SAE SALES TOO!
My take - it's all part of the plan to destroy confidence in the US Silver Eagle program as the END GAME APPROACHES!
As I have said many times before - the US Mint is one of the largest SILVER HEDGERS in the world and they do it through JP Morgan. They hedge their inventories at every mint, they hedge their strategic silver stockpiles (yes-they still have them) and they hedged the 470M ounces of silver used to make the first atomic bomb (The Great Silver Mystery...Revealed!). That is why they allow JPM to rig the price...but that cover is ending. That's why JP Morgan recently got busted for lying to the CFTC about their positions. Cover-up of official manipulation why the US Mint is lying about what's going on with sales of Silver Eagles. It is "official manipulation". Don't believe me? Remember the Silver "Drive-By-Shooting" back in 2011?? JP Morgan and Bill Daley's little con job perpetrated on every silver investor in the world...
JP Morgan: "Operation Silver Slam" http://www.roadtoroota.com/public/592.cfm
So in January 2011 when President Barrack Obama appointed the JP Morgan Senior Executive, William Daley, as his "Chief of Staff" I had thought to myself...'This should be interesting'. In September 2008, at the height of the banking collapse Money Magazine ran an article entitled "Jamie Dimon's Swat Team" and listing Bill Daley as "the head of corporate responsibility and a former Secretary of Commerce" on page 2.
Bill Daley, the man directly in charge of "Corporate Responsibility" during the JPM silver slam of 2008, was "placed" right next to the President of the United States to preside over the current "Operation Silver Slam".
My God...is there no hiding for these VILLAINS any more?! This Bad Guy was "responsible" for the corporation at the heart of the scandal involving the takeover of Bear Sterns silver position and must have oversaw the 2008 Silver Slam discussed above."
Yes, there has not been one moment in the last 70+ years that the silver market has not been under the US manipulator's control.
The reported Silver Eagle Sales numbers for this month is no different...part of the con.
Keep loading up on Eagles and watch for the destruction of the Banking Cabal before the end of 2014.
END
So yes, as suspected the US Silver American Eagle Program is knee deep in the conspiracy to control the price of silver. It is a REQUIREMENT of the US Treasury in order to maintain control of an unbacked, fiat system. A system that gives the controllers of our money 100% power and control over the rest of the world.
There are ways to fight them and there are ways AROUND their system. The best way is to get physical silver eagles and keep them in your own possession. You can do this by buying the coins as an investment, as insurance or even in your retirement accounts.
Yes, the Good Guys WANT you to buy SAE's and stick them in your vault for retirement. He's where they make the exemption in the IRA rules...
Publication 590: Individual Retirement Arrangements"
http://www.irs.gov/pub/irs-pdf/p590.pdf
Page 52: "Exception. Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. It can also invest in certain platinum coins."
END
If you want to learn how to transfer all your retirement fund into a Self-Directed IRA that you can keep in your own hands call my friend Will Lehr at www.PerpetualAssets.com and he'll walk you through the process.
There is much more I could say about the US Silver Eagle program but I've written dozens of articles about this special coin. I suggest that if you are still interested go to the SEARCH function on the www.RoadtoRoota.com website and search "Silver Eagles"...you can make a weekend of it :-)
Time is short my friends. Load up once again on physical silver at these STUPID prices...they won't last long.
And don't forget...there is hope at the end of this dark tunnel.
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com