You can't make this stuff up!!!
Once per month, I have been purchasing a roll of 20 silver eagles from a major ebay company.
on July 22, I purchased a roll of eagles. When I received NO email saying it was sent (with a tracking #}, I called up the company on 7/27.stating that if I did not hear from them by 7/28, I would file a complaint with PayPal [no one answered; went to voicemail]. On Sunday, I filed the complaint. TODAY, PAYPAL WROTE ME THAT THE COMPANY WILL REFUND MY PAYMENT!!!
One thing is obvious-THEY CANNOT GET SILVER EAGLES!!!!!!
YESTERDAY, I WENT TO A LOCAL COIN SHOW- NO ONE WAS SELLING SILVER EAGLES; IN THE PAST MANY ROLLS OF EAGLES WERE AVAILABLE.
MY CONCLUSION, I AM LOADING UP ON AGQ, THE 2X SILVER ETF,
This is a very compelling argument but I made a couple of calls around the local coin shops and found no evidence of a shortage of rolls of silver eagles. The most common price was $18.20 per coin for a roll of 20 and every shop I called had at least 10 rolls. That does not exactly gel with the story of limited supply above so what is going on?Click HERE to subscribe to Fuller Treacy Money Back to top