Michael covers the costs for producing Silver Eagles, as well as how the premiums have changed lately. He believes the Mint's production issue is due, in part, to a lack of available blanks from supplier mints such as Sunshine Mint, which have experienced labor shortages and production challenges. He believes that Blackrock's Ishares SLV Trust is being used to heavily influence the market, keeping everyone happy but the retail buyers.
Michael suggests the Mint could solve its problems by bringing blank production in-house; this would give them more flexibility with production. He also suggests silver stackers consider selling ASE's and buying larger bars in order to minimize premiums and get more ounces.
Time Stamp References:
0:00 - Introduction
1:15 - U.S. Mint Operations
5:00 - Silver Eagle Sales
6:44 - ASE Costs & Premiums
10:38 - Current Situation
13:46 - Supply Dysfunction
19:30 - Premium Overview
24:33 - Blackrock & IShares SLV
28:54 - A-Mark Share Prices
33:39 - ASE Premium Dynamicso
38:15 - Conclusions
48:22 - Wrap Up
[youtube]https://www.youtube.com/watch?v=n4xdMFYAouk&ab_channel=PalisadesGoldRadio[/youtube]
Michael suggests the Mint could solve its problems by bringing blank production in-house; this would give them more flexibility with production. He also suggests silver stackers consider selling ASE's and buying larger bars in order to minimize premiums and get more ounces.
Time Stamp References:
0:00 - Introduction
1:15 - U.S. Mint Operations
5:00 - Silver Eagle Sales
6:44 - ASE Costs & Premiums
10:38 - Current Situation
13:46 - Supply Dysfunction
19:30 - Premium Overview
24:33 - Blackrock & IShares SLV
28:54 - A-Mark Share Prices
33:39 - ASE Premium Dynamicso
38:15 - Conclusions
48:22 - Wrap Up
[youtube]https://www.youtube.com/watch?v=n4xdMFYAouk&ab_channel=PalisadesGoldRadio[/youtube]