Email of the day on a physical silver shortage
Comment of the Day

July 30 2019

Commentary by Eoin Treacy

Email of the day on a physical silver shortage

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,

Eoin Treacy's view

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?

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