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It seems that the US government can't keep up with the demand for 2008 silver dollars and is now rationing them to the dealers.
They can't buy enough silver blanks.
The spot price for silver that is published is merely the price set mostly by speculators and has little to do with the actual value of the metal. Eventually, however, the shortage of silver will catch up with them, and perhaps this is one indicator of the shortage. It seems to me that f it were not so, they would certainly want to give excuses for rationing silver coins.
I think the next step could be that the dealers will simply refuse to sell at a price that is based upon the published spot price.
Anyway, it is an interesting development. See
http://www.monex.com/gvi?pageid=insightarticle&articleid=668&cat=1
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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