The U.S. Mint has been rationing the volume of silver eagles released to the public since July 2015. The Royal Canadian Mint has followed suit. The Australian Perth Mint has increased their monthly production of silver coins more than two fold.
This is the backdrop which is shining a light on our broken economy. In 2008, the U.S. Mint increased their production and release of silver eagles by 50% year-over-year. Each subsequent year, the U.S. Mint has reached a new high with the exception of 2012, which is okay because in 2013 the volume not only reached a new high - it was higher than 2011!
Take a look at this chart.
There has been a dramatic upswing in the volume of silver eagles moving through the U.S. Mint that is in direct correlation to the “financial crisis” that began in 2008 and has yet to subside. The volume of American Silver Eagles almost doubled year-over-year from 2007 to 2008 and has doubled again, beginning in 2011. In four short years, the volume of American Silver Eagles has experienced a four-fold increase. What other product, company, or anything has increased their volume four-fold in four years? I dare say, none.
The American Silver Eagle was never intended to be a hedge against a collapsing dollar, however, as people have awakened to the ongoing nightmare of Quantative Easing, an exploding federal debt, and a banking system that is set up against the average citizen, silver and gold have moved into the spot light. One would think the so-called “economist” would have known, given enough time, people would begin wising up to their parlor tricks and make the appropriate changes to protect themselves.
Now these PhD economist are tossing around the thought of a cashless society and stripping us of the remnants of sovereignty we hold. Over the past two-three decades, we have been slowly training ourselves to move away from hard currency and become more dependent on plastic. Through the use of debt and credit cards, we rarely use cash to make large purchases. We have been told it’s not “safe” to carry large sums of cash--which is 100% correct. If we are carrying large sums of cash and a giant sign that states “I’m carrying large sums of cash,” then it becomes extremely dangerous; otherwise, we are just another person walking down the sidewalk or wherever we find ourselves.
The hierarchy of money:
gold and silver are money, they can also be used as currency.
paper fiat currency is a representation of money
plastic digital currency is an illusion of money
The volume of investment that is currently in gold and/or silver is estimated to be less than 1% of the total volume of investments in the U.S. As we have recently documented, the U.S. Mint and the Royal Canadian Mint can not keep up with the current volume of silver moving through the two largest mints in the world. What would happen if there was a very small increase of investment that was to move out of the stock or bond market and into physical gold and silver? I am not talking about a major increase – what would happen if 0.20% (20bps) of the investment total were to move towards precious metals? If they wanted to acquire silver or gold from the COMEX, forget about it. Not going to happen. Take a look:
What it comes down to is very simple – do you trust the federal government of the United States to care for your wealth? Hasn’t the federal government preformed at such a high level that people are turning to Donald Trump to take the reigns? Love or hate him, he is exposing the depth and breadth of the problems we face. When the people of this country believe a person who has filed bankruptcy, multiple times, will do a better job steering the countries policies, you know something is out of balance.
If you don’t currently hold physical precious metals, specifically gold and silver, you should ask yourself this simple question: If the dollars in my wallet and the digital blips on the screen of my computer are backed by the “full faith and confidence of the federal government” what is actually backing the currency? Lies, deceit, and propaganda? Let’s not forget war, which happens to be the business model of the U.S.: endless, unconstitutional wars of aggression perpetrated against anyone and everyone that doesn’t want to follow and that doesn’t want to use the US Dollar.
Steve St. Angelo, SRSrocco Report, and I dig into all these subjects and couple of others. In the next forty minutes, you will learn about cashless society, what could potentially happen with precious metals and base metals mining in 2016, as well as the details of the above charts.
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