East Coast Guru,

Those are some very interesting and definitely intriguing points there. Perhaps much as the US Dollar remains the financial world’s go-to currency so also has the Bullion American Silver Eagle become the international investment coin of choice. With unusually large numbers of said coins in rather fierce demand these days, it’s likely safe to say this is yet another sign of the hand of the extremely wealthy at work, much as is evidenced by the otherwise curious fact that luxury items now comprise the sole retail sector going against the prevailing tide and experiencing substantial sales growth.

what a silver eagle mess out there. I have noticed that some dealers are offering higher prices to buy back random eagles. I wonder if a shortage is developing for eagles only. Definitely a demand for them out there vs other offerings from Austria, Canada, Australia etc. Curious to say the least!! ASE price vs paper price definitely separating.
Enjoy the ride.

Good Sir Rich,

Let’s read between the lines here a bit. The Mint’s Authorized Purchasers are putting forth the excuse of a shortage of the Bullion American Silver Eagle supply as being the reason for their current multiplying of the premium they charge dealers, and the dealers are then using the excuse of the higher wholesale prices they are being charged as the reason for the major increase in their retail prices to the tune of about $10.00 per ounce. Therefore, when this is all said and done, anyone wishing to protect their financial assets from the effects of ongoing rapid inflation by venturing into the Bullion American Silver Eagle precious metal haven is now having to do so at a premium above spot that is over two hundred per cent higher than it was before all this profit madness began. Ergo, the price one has to pay for the privilege of being able to protect one’s resources as such is now so steep that the amount to be secured is significantly diminished by the simple act of buying in. Essentially, one finds oneself in the rather peculiar and quite unfortunate position of having one’s finances seriously depleted in advance of and as the price for being “protected.”

Antonio,
Since you’ve already shared the good news with us here it’s up to me to deliver the not so good news, which is that the average US credit card interest rate is now at 18.1%.