SILVER DOCTORS: Wholesale Silver Shortage…. CONFIRMED

Silver OUT OF STOCK FIMAGE

(by Silver Doctors)

In lieu of Metals & Markets this week, we bring readers CONFIRMATION that a WHOLESALE SILVER SHORTAGE is in fact developing

With SDBullion’s contacts with the nation’s leading precious metals mints, wholesalers, authorized purchasers, and distributors, the latest evidence indicates that the wholesale silver shortage is WORSENING:

  • US Mint Authorized Purchasers advised SDBullion Thursday that Silver Eagle allocations have been substantially declining every week since sales resumed.
    2 weeks ago the US Mint made 1.4 million Silver Eagle coins available to Authorized Purchasers, last week only 1 million were made available, and SDBullion was advised that this week the number declined an additional 20%.
    Further, US Mint officials reportedly are advising Authorized Purchasers that they will begin making the switch to 2016 Silver Eagle production in September, drastically reducing output of 2015 coins.
    As it takes less than a day to change out dyes (in addition to the fact that in previous years the US Mint has halted sales in the November/December time-frame for the annual “switchover”) the evidence in our opinion points to the US Mint having extreme difficulties in sourcing raw material for Silver Eagle coins.

    •The Exclusive Distributor for the leading private mint 100 oz Silver bars in the US advised SDBullion on Thursday that the mint had been scheduled (and promised) to deliver 10,000 100 oz Silver Bars on Wednesday (1 million oz of a single private mint product), but was only able to deliver a little over 3,000 bars.

    •The Royal Canadian Mint reportedly did not release a single 1 oz Silver Maple to any of the Authorized Purchasers SDBullion spoke to this week.
    This comes on the heels of a severe issue with the Royal Canadian Mint’s production of 10 oz Silver bars.

    New orders for Sunshine Mint 1 oz Rounds are shipping to dealers/distributors on a 9 WEEK DELAY! Nearly the end of October!!!

    •The 3rd largest US wholesaler/distributor of precious metals with 21 warehouses usually stocked to the rafters with bullion advised SDBullion they have been CLEANED OUT.

    •Over the past 48 hours nearly all of the last remaining Live products at US Wholesalers (higher premium retail products from world mints such as the Perth Mint, New Zealand Mint, Banco De Mexico, Royal Mint, Austrian Mint, Armenian Mint, and the Chinese Mint) have virtually all been SOLD OUT at the wholesale level.

    •Bullion mainstays such as Johnson Matthey and RCM 100 oz bars have gone NO OFFER at several of the largest US wholesaler/ distributors.

Several weeks ago The Doc warned that we were looking at the potential for 2008 style premiums across the precious metals markets.

If we have ANY further material weakness in the paper markets OR if the US Mint follows through on halting sales yet again in September for a “2016 switchover” that prediction is likely to become a reality.

This article was from SilverDoctors.com.  To read more about the ongoing silver shortage, please check out the SilverDoctors.com website.

If you haven’t checked out THE SILVER CHART REPORT, there’s a great deal of information on the Silver Industry & Market not found in any single publication on the internet.  There is one chart in this report (Chart #19) that I can guarantee that 99.9% of precious metal investors haven’t seen before.  

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40 Comments on "SILVER DOCTORS: Wholesale Silver Shortage…. CONFIRMED"

  1. How high will the price of silver go, and how long before it takes off? If one is in possession of silver, should it be held or sold?

    • that’s funny cause i been checking the silver and there’s alot out there from what i can see

      • Yeah, my local coin shop has lots of silver, albeit a bit higher premiums, and ebay has lots of silver available. I actually prefer to buy from some big dealers on ebay because they have same prices as local coin shops and very reasonable premiums. If it was so short supply you would see it dry up on ebay, and what is available would have outrageous premiums

        • who are you gonna believe? your lying eyes or silverdoc?

        • Those ware houses and and stock rooms will need to be refilled. Telling ripples on the financial waters.

          If 2015 does continue like this it will be another deficit year for silver supply. According to the silver institute – it will be the 7th deficit year in the last 10…how long can the above ground supplies hold out IF much of that supply is held by tight fisted investors?

          Something has to give. Meanwhile enjoy the price while you can and keep stackin.

      • Shortage doesn’t mean you can’t get it. Besides… what good is a warning if it’s too late to act upon.

  2. For it to make any difference, you would have to possess a bunch of metals! For those that did, the government will pull a FDR, and take it from you! Stocking food, water, and supplies is better then metal lying around. That will be the real barter tool!

    • Renaissance Man | August 15, 2015 at 4:51 pm | Reply

      agreed. food, shelter, clothes, guns, ammo.

    • And you don’t think they will take those items as well, you “hoarder”?

      • km > “For those that did, the government will pull a FDR, and take it from you! ”
        &
        BillyR > ” And you don’t think they will take those items as well ”

        Neither physical gold or silver are attached to the U.S. currency any longer. They haven’t been
        35 years for silver and 30 years for gold. By and large the U.S. citizens have not followed the physical metals close enough. Recalls will not occur.

    • Gold and silver evolved as the original barter money in the ancient markets. Scarcity, durability, divisibility, and fungibility lend themselves to higher value to weight/volume ratios than any other goods, thus they achieve the narrowest bid/ask spread (always preferred in transactions compared to other goods.) Think it through, if you’re a vendor of say, tomatoes, would you prefer someone offering a silver dime in trade for a sack of your produce, or say, a sack of grain? You might need a sack of grain, but 20 sacks? Think of logistics after a day selling and you then have to cart off all the bulky and perishable things you bartered your tomatoes for – some you didn’t really want, but you had to take to unload your perishable tomatoes. There is a very good reason Au and Ag money evolved.

      The FDR confiscation was sinister, but for private citizens for the most part also voluntary. People had to dutifully obey and turn in their $20 double eagles at par ($20 in federal reserve notes) only to see themselves hosed when the dollar devalued to $35 an ounce Troy the following year. Do not underestimate the probability of very high black market valuations for the PMs as the govt goes draconian and full paper/digital debt currency retard.

  3. Buy low, sell high. I am adding, but my guess is as good as yours!

  4. Don’t worry about food and water. After they’ve confiscated it all, they will probably make breathing illega, too. Now be a good little citizen—and follow the law.

    • Nick
      They won’t make breathing illegal but they will find a way to tax it under the guise of Global Warming…err…I mean Climate Change…or is it Weather Weirding… whatever the BS du jour is.

      Runners emit way too much CO2 – maybe they will just tax running shoes – you know like taxing bullets to curb gun ownership or something…

  5. The missing words are ‘local’, ‘current’ and ‘small’. Buyers who want large tonnage can get it from at least one large producer whose sales guy has been in my phone book for a few years. But they work on supply contracts of at least six month, or a year, and one ‘bar’ is about 120 kilograms. So it is not the end of silver, rather a local, current and small wholesale silver shortage.

  6. When the shortage is effecting the company outside coin dealers like solar company, then we will have HIGHER SILVER PRICE.

  7. Hi there Steve. It would be interesting to know what has been happening with silver stocks, to ascertain the validity of these claims. While it is true that silver is now a completely different market to that of gold (where consumption is clearly declining), I would not put faith solely on what is happening in a regional segment of the speculative silver demand, in itself still a relatively small component of the complete silver demand structure.

    Regards.

    • Luis,

      Thanks for stopping by and leaving comments. I know you spend a lot of time looking at energy, so its quite refreshing to see you taking the time to come visit a precious metal blog.

      Your question is a loaded one. However, I do believe you have underestimated the amount of silver investment demand. I encourage you to check out the 10 year trend of the silver market at the Silver Institute link: https://www.silverinstitute.org/site/supply-demand/

      You will notice that physical silver coin and bar demand prior to the collapse of the U.S. Housing and Investment Banking Market, was quite low… 51.6 million oz (Moz) in 2005, compared to total supply of 955 Moz. Thus, it was only 5% of total supply in 2005.

      Now, if you look at 2013, you are going to see a much different picture. Total silver coin and bar demand in 2013 was 243.6 Moz compared to 1,000 Moz of supply. Not only is physical silver bar and coin demand the largest growth sector of the entire silver market (over the past decade), it consumed nearly 25% of supply in 2013. So, I would disagree with you that physical silver investment demand is a relatively small component of the complete silver demand structure.

      And remember… this huge 200+ Moz demand is still only from 1-2% of the market. I will explain more of your question in an upcoming article.

      steve

      • Contrarians always talk about PMs shortages. In fact the richest investors are key players. Only when they go physical the market for PMs changes dramatically.

  8. It is good news to silver investor. However, I will remind all miners don’t be too optimistic. Don’t increase your production capacity yet until the bullion banks bankrupt!

  9. How to tell a production capacity shortage from a real shortage.
    compliments of Bron Suchecki from the Perth Mint.

    Steve, you of all people should perhaps be pointing out the difference considering the nature of your research and your paid-for work!

    http://goldchat.blogspot.com/2015/08/coin-shortage-faqs-telling-real.html

    • Sean,

      Thanks for bringing Bron’s article to my attention. Yes, I will discuss that in a new post in the beginning of the week. While I agree with Bron, I have a different way of looking at the current situation.

      steve

      • Steve
        Well lets hope the coin/bar/round producers manage to visualise the trend in investment and ramp up production otherwise we will just end up paying the short term premiums without the overal price of Ag getting much effect due to us pesky stackers

        Keep up the good work.
        I wouldn’t pay for anyone elses!
        I would appreciate if ‘then’ wasn’t used instead of ‘than’ in articles.
        It helps with inteligability somewhat.

        Regards
        Arctree (Sean)

  10. THERE IS SILVER OUT THERE FOLKS this is a scare only story. I have checked a site I buy Silver from and its about 16 dollars a ounce.

    • “Shortages of retail forms of gold and silver, which are anything less than 400oz gold bars or 1000oz silver bars, does not necessarily tell us about whether there is a real shortage/price disconnect in the wider precious metals markets.” — Bron Suchecki from the Perth Mint.

      From article [link] provided by Sean above

  11. There may be a lot of silver bullion out there but there is almost no 90% US silver coinage available without large premiums. Major suppliers have nothing available. If you get hungry and want to buy a loaf of bread from me that would cost you a silver dime and you only have a silver bar I will not make change, nor will I give you a hundred loafs of bread. Point being that single larger quantities of silver and gold may start carrying a large reverse premium because they will not be viable for normal commerce in a barter economy and there is a finite number of pre 1965 coinage available. You can pour or counterfeit silver or gold bars but due to the difficulty of verifying purity they may become extremely difficult to exchange. If you are just into speculating in PM’s Bullion should work for you, always take delivery or you can end up like Gerald Celente and loose your ass.
    Like most things there are risks to any type of investment.

    • So if someone wanted a 100 loaves of bread and they could pay for it you wouldn’t give it to them? You PLAN on robbing people? You should do well a collaborative society.

    • I total agree with you! After gold top in 2011. The dark age of gold and silver begin. This is also the dark age of human history. Why gold and silver continue suppressed by central bank? Every day, every week we hear from Ted Butler …. many of them tell us about the story of gold and silver manipulation. And a lot of story of CHINA buying gold in huge volume!
      First I don’t think CHINA willing to accept gold as money! They just was to use gold to compete with US dollar. They know that RMB can not replace US dollar.
      If all of us just waiting. I don’t know how long will it be.
      To replace US dollar we must find something more reliable than dollar. Bit coin or bit gold today? I don’t think so. Counter party risk cannot eliminate! Gold and silver bullion? Almost perfect. But just like you say purity and difficult to exchange are two of the most problem. We know that, I think most of gold bugs know that! Why they develop bit coin, bit gold …. and sell gold and bullion coin. People like Mike (goldsilver.com) , Eric Sprott …. they selling coins and investing etc. They have the ability to bring gold and silver black to money and used as exchange media. Bullion coin or bar cannot. Value too high (risk of fake coin also high) not suitable in daily live , weight too heavy. If they produce different weight of products that suit our daily live transaction. Central bank existence will end in human history!

  12. This website: http://realpriceofgold.com gives all premiums on physical gold versus Comex. I can imagine silver will follow when things deteriorate. Good to watch every now and then.

  13. tinfoilhat davy | August 16, 2015 at 4:04 pm | Reply

    I’m afraid I agree with Mark and tim, the day of reckoning is coming. But not yet. JM bullion has all the bars you want, from 10g to 100 oz. Northwest TM also has no shortage. SD bullion has maple leaf monsters (2015) in stock for about 10Gs. Look at the figure above, 445 MILLION oz mined thus far. Do I care if the US mint screwed up and ran out of blanks? This happens all the time. I like Can. ML for the anti fraud devices, but when the SHTF I bet one oz. bars or generic rounds will be just as good.

    • There are events that have to take place before the physical G & S addresses lift off. One is that the market has to tank or drop enough to be the final wake up call for most indicating that things are not the same nor going back to la- te – da ville. Another is someone in the same round about position as Hank Paulson has to do what he did in 2008 by physically getting down on his knees and begging Congress for a bail out for all of the big banks. Only this time they won’t get it due to no further tricks left. That’s when things will start to heat up. Look for the end of September through to the end of October for signs that a very big focus on the physical by many pairs of eyes will begin to increase incredibly. Demand over supply will then begin to ramp up. TPTB may well still be manipulating the phony paper prices down which have nothing to do with the real physical. But the writing will be on the wall to see how much that the central bankers , wallstreet , and the U.S government have all made giant arses of themselves.

      • ….and don’t expect the price to skyrocket for 1/2 a year as the price of anything will be sucked down.
        Physical does not have its true identity right now. Establishment of real value will demand time…could be more. Batten the hatches !

  14. Tin Man NWTM will always take your order its when you get it. I bought from them during the crash and waited up to 7 months for delivery. NO THANKS on that. I consider myself lucky I finally got it. Next time who knows if you ever get it. Meaning they sell what they don’t have…..but expect to get.

    Not saying they are not going to deliver at some point but seriously are you going to chance that at this point.

  15. The Sunshine Mint is on a 9 week delay. Silvertowne Mint states up to a 8 week delay for in house silver products. Something is going on but, the question is to what extent ?

  16. When I had get 1000$ for each silver short silver doctor predicted all my financial problems would be solved.

  17. I have not used this company but their website says they have 53 100oz bars available for delivery.

    http://www.monarchpreciousmetals.com/index.php?option=com_virtuemart&page=shop.browse&category_id=26&Treeid=32&Itemid=53&vmcchk=1&Itemid=53

    They only sell what is in stock and available for immediate shipment according to their FAQ page.

  18. 2 week delay in Poland. Month ago they were selling without any – 1 oz coins

  19. tinfoilhat davy | August 18, 2015 at 3:18 pm | Reply

    SD Bullion has 100 oz. NTR bars for $1600. Everything else is delayed, but less than two weeks. Thanks for the heads up on NWTM, Kansas! OBTW I just got an order from SDB, it took a little longer than expected but arrived in pristine condition, and at a great price. I paid by personal check.

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