Silver Sales are WAY UP! (News & Views)!

[webmaster]

Subject:Silver Sales are WAY UP! (News & Views)!
By: Jason Hommel, Silver Stock Report

Overview: Last week, we could barely sell 1000 ounces of silver per day. On Monday, we sold 2000. Tuesday, 4900 oz.! I was very happy to be able to provide that silver, "on a dip", now that I have procedures in place to replace it, and make more! So tonight, we will offer at least 7500 oz. for sale, which is about our top capacity, and would be 150,000 oz./month!

Link: http://news.silverseek.com/GoldIsMoney/1236204310.php

[Ardent Listener]

"Regarding coins. You are right that silver coinage costs up to 15-30% over the bullion price. That's because silver is so cheap, so you are right to recommend silver. In the depression in the 1930's, silver was 29 cents per oz., and the U.S. government turned 1 oz. of silver into 14 silver dimes, worth $1.40, which was a substantial markup, called seniorage, which was about 500%, which was much more than today, showing that today's markup is cheap by comparison. "

Please don't think I'm picking on Jason. He appears to be a nice church going guy, but compairing the seniorage on the minting of 90% dimes back in the 1930s and what he charges above the spot price of silver for his bullion coins really seems like compairing apples and oranges to me. If he could put a U.S. legal tender $ 60 dollar face value on his one ounce rounds then it would be another story.

[prahudka]

Originally Posted by Ardent Listener

Please don't think I'm picking on Jason. He appears to be a nice church going guy, but compairing the seniorage on the minting of 90% dimes back in the 1930s and what he charges above the spot price of silver for his bullion coins really seems like compairing apples and oranges to me. If he could put a U.S. legal tender $ 60 dollar face value on his one ounce rounds then it would be another story.

I was sold at "silver is so cheap." Yes, the rest of it is rationalization.