Silver eagles up premium 33% ?

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Silver eagles up premium 33% ?

Prices of silver eagles up and soon after buffalo coins sold out for the year! Are they running out of eagles?

20100926SilverTrends

http://www.gotgoldreport.com/2010/09/silver-to-define-new-resistance.htm...

An Inflationary Cocktail in the Making

Commodity Price % Increases Year over Year

Agricultural Raw Materials 24%
Industrial Inputs Index 25%
Metals Price Index 26%
Coffee 45%
Barley 32%
Oranges 35%
Beef 23%
Pork 68%
Salmon 30%
Sugar 24%
Wool 20%
Cotton 40%
Palm Oil 26%
Hides 25%
Rubber 62%

Iron Ore

103%

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: Silver eagles up premium 33% ?

couldn't get the last link in.

http://www.financialsense.com/contributors/richard-benson/an-inflationar...

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: Silver eagles up premium 33% ?

Two more links. To the 33 percent info and the rate of silver coins made each year.

http://www.trustedbullion.com/blog/item/252-us-mint-announces-33-price-i...

http://www.trustedbullion.com/precious-metals/silver/53-500-oz-silver-am...

PS: I am in no way endorsing this site to buy coins; merely a place to get the news. Jon

 

docmims's picture
docmims
Status: Platinum Member (Offline)
Joined: Jun 17 2009
Posts: 644
Re: Silver eagles up premium 33% ?

Just think of it as a "tax" on silver.  They have to fund entitlements, you know Wink

 

Also as for you inflation scenario, I like the term BiFlation.  Inflation of food and commodities with Deflation of durable assets -- not a good mix.Frown

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