There has rarely been a delay in delivering for what our customers order and pay. The silver delay, is because there is a lack of mint capacity to manufacture it. Our supplier?s mint in Indiana, is working 24/7, and the delay, is as long as a couple of months.
If there is a shortage of silver, the price of silver coinage or bars, would be like gas prices, and they aren?t. Gas prices, a year ago, were half or less, of what they are now, and the reason is simple. There is a shortage of oil. Why is there an oil shortage? It is Biden?s fault. In Trump?s America, we exported oil, and Biden is buying it from wherever it can be bought, including communist nations, such as Iran. He has shut down all exploration, in so called ?federal lands,? (maybe next week?s column), and done everything in his demented brain, to stop the production of domestic oil. Biden and his ?squad,? who I think writes all his speeches, is all for making America ?green,? which is a total absurdity. ?Green? energy production, will never come close in cost or capacity, to coal or natural gas fueled generating plants. Never, but the ?greenies? insist, that is the only way to go, and it?s costing us a bundle. There?s no shortage of oil in the ground, but Biden is seeing to it, that it is never brought to the surface, so it is scarce, and the prices are high. Silver?s demand, is so high, that it can?t be immediately produced to fulfill current demand, but it is not scarce, so its prices are not like Oil?s.
If there is no shortage of silver, and the mints are working full time, why do we have to pay for it, when we are not going to get it for maybe 60 days? Most businesses operate on a slim profit, but make their money on volume. Your payment for the silver you order, goes almost straight to the mint, so they can purchase silver, pay for their machinery, labor, and utilities. No business, which operates on a slim profit, can produce, and in the case of silver, millions of dollars? worth of product, if they won?t be paid for several weeks. That?s why America?s retailers are practically giving away stuff. Their inventories are over-stocked, because their market during the covid, was high, and they over-bought. That inventory isn?t selling, their capital is tied up, and they have to get rid of it to stay afloat. A silver mint, cannot exist if payment is delayed. That?s economics 101.
Silver, is in extreme demand, because people are afraid, and the distrust of the dollar and government, is exceptional. The ratio between gold and silver, is 85 to 1, meaning that the price of one ounce of gold, is 85 times the price of an ounce of silver, and the historic ratio is 16 to 1. Silver, is ideal for bartering, since gold is too expensive for barter, at least at this time. An ounce of silver, for four gallons of gas? That?s about correct now. Everyone wants silver, the mints are doing their best, and there is no shortage of silver. Why don?t they build a new mint? For the same reason that electric power plants don?t build new, or restore existing plants . The cost is astronomical, for either. They are afraid to invest in something that government is trying to get rid of! Government, hates gold and silver, because they are in direct conflict with their un-backed paper dollars, but the volume of electricity consumption, compared to the volume of silver consumption, is microscopic. Maybe 10% of Americans think far enough into the future, to protect themselves with gold and silver, but everyone uses electricity.
Suppose all the silver had been mined, and there was no more? Suppose the same thing happened to gold, and there was no more? Why build an enormously expensive mint, if the raw materials may not be available in the future? A decision has to be made by factory owners, about anything, and I know of one thing, which factory owners are making a huge mistake about, and that is electric cars.
America, will soon find out, that the electric car, saves nothing. Is it true that your homeowners? policy will be cancelled if you store an electric car in your garage? I?ve heard so. Its? electricity cost, at this time, may be lower than gas, but it is not offset by its huge initial cost, shortage of charging stations, extra weight, short range, and the fact that if you turn on the heater or air conditioning, the range is cut dramatically. A Journal piece last week, told the story of a couple of gals who traveled from New Orleans to Chicago in an electric car, and it was a disaster. America?s electricity generating capacity, is strained by the greenies now, and with electric cars, it may collapse. Manufacturers, are investing hundreds of billions in new electric cars, and very soon, may lose billions, when the shiny gloss wears off, and the details are brought home. I read a glowing review of the new Ford electric pickup, and after thinking it over, comparing extra cost, huge weight, short range, plus replacement battery cost, I decided, ?no way, will I fall for an electric anything on wheels.? I predict that the electric car, has no immediate future, and I hear there is a $7500 tax credit if you buy one. Bribery won?t sell me. I am going to feel sorry for the huge mistakes, now being made by car and truck builders. I am certain also, that a new silver mint is being considered, but it takes time, and a huge risk.
Don Stott ? don@coloradogold.com
If there is a shortage of silver, the price of silver coinage or bars, would be like gas prices, and they aren?t. Gas prices, a year ago, were half or less, of what they are now, and the reason is simple. There is a shortage of oil. Why is there an oil shortage? It is Biden?s fault. In Trump?s America, we exported oil, and Biden is buying it from wherever it can be bought, including communist nations, such as Iran. He has shut down all exploration, in so called ?federal lands,? (maybe next week?s column), and done everything in his demented brain, to stop the production of domestic oil. Biden and his ?squad,? who I think writes all his speeches, is all for making America ?green,? which is a total absurdity. ?Green? energy production, will never come close in cost or capacity, to coal or natural gas fueled generating plants. Never, but the ?greenies? insist, that is the only way to go, and it?s costing us a bundle. There?s no shortage of oil in the ground, but Biden is seeing to it, that it is never brought to the surface, so it is scarce, and the prices are high. Silver?s demand, is so high, that it can?t be immediately produced to fulfill current demand, but it is not scarce, so its prices are not like Oil?s.
If there is no shortage of silver, and the mints are working full time, why do we have to pay for it, when we are not going to get it for maybe 60 days? Most businesses operate on a slim profit, but make their money on volume. Your payment for the silver you order, goes almost straight to the mint, so they can purchase silver, pay for their machinery, labor, and utilities. No business, which operates on a slim profit, can produce, and in the case of silver, millions of dollars? worth of product, if they won?t be paid for several weeks. That?s why America?s retailers are practically giving away stuff. Their inventories are over-stocked, because their market during the covid, was high, and they over-bought. That inventory isn?t selling, their capital is tied up, and they have to get rid of it to stay afloat. A silver mint, cannot exist if payment is delayed. That?s economics 101.
Silver, is in extreme demand, because people are afraid, and the distrust of the dollar and government, is exceptional. The ratio between gold and silver, is 85 to 1, meaning that the price of one ounce of gold, is 85 times the price of an ounce of silver, and the historic ratio is 16 to 1. Silver, is ideal for bartering, since gold is too expensive for barter, at least at this time. An ounce of silver, for four gallons of gas? That?s about correct now. Everyone wants silver, the mints are doing their best, and there is no shortage of silver. Why don?t they build a new mint? For the same reason that electric power plants don?t build new, or restore existing plants . The cost is astronomical, for either. They are afraid to invest in something that government is trying to get rid of! Government, hates gold and silver, because they are in direct conflict with their un-backed paper dollars, but the volume of electricity consumption, compared to the volume of silver consumption, is microscopic. Maybe 10% of Americans think far enough into the future, to protect themselves with gold and silver, but everyone uses electricity.
Suppose all the silver had been mined, and there was no more? Suppose the same thing happened to gold, and there was no more? Why build an enormously expensive mint, if the raw materials may not be available in the future? A decision has to be made by factory owners, about anything, and I know of one thing, which factory owners are making a huge mistake about, and that is electric cars.
America, will soon find out, that the electric car, saves nothing. Is it true that your homeowners? policy will be cancelled if you store an electric car in your garage? I?ve heard so. Its? electricity cost, at this time, may be lower than gas, but it is not offset by its huge initial cost, shortage of charging stations, extra weight, short range, and the fact that if you turn on the heater or air conditioning, the range is cut dramatically. A Journal piece last week, told the story of a couple of gals who traveled from New Orleans to Chicago in an electric car, and it was a disaster. America?s electricity generating capacity, is strained by the greenies now, and with electric cars, it may collapse. Manufacturers, are investing hundreds of billions in new electric cars, and very soon, may lose billions, when the shiny gloss wears off, and the details are brought home. I read a glowing review of the new Ford electric pickup, and after thinking it over, comparing extra cost, huge weight, short range, plus replacement battery cost, I decided, ?no way, will I fall for an electric anything on wheels.? I predict that the electric car, has no immediate future, and I hear there is a $7500 tax credit if you buy one. Bribery won?t sell me. I am going to feel sorry for the huge mistakes, now being made by car and truck builders. I am certain also, that a new silver mint is being considered, but it takes time, and a huge risk.
Don Stott ? don@coloradogold.com
