As the price of silver has quietly hovered in the $17 per ounce range for the past few months, something very big has been going on behind the scenes.
Since early 2012, JP Morgan has quietly grown their physical silver stockpile from 5 million ounces to over 55 million ounces, on track for the largest stockpile of physical silver in history. During the past month alone, the bank has accumulated over eight million ounces of silver.
Here is a breakdown of the most recent silver deliveries to JP Morgan vaults:
April 7th: 1,110,000 ounces
April 8th: 1,280,000 ounces
April 9th: 893,097 ounces
April 10th: 1,200,224 ounces
April 14th: 1,073,000 ounces
April 15th: 1,191,275 ounces
April 16th: 1,183,295 ounces
This is a massive amount of physical silver delivered in a very short space of time. Jamie Dimon, JP Morgan's CEO, stated in a recent letter to shareholders that "there will be another crisis and its impact will be felt by the financial markets."
This makes us wonder what JP Morgan knows that everybody else doesn't. We know one thing, the price of silver under $20 an ounce seems like a bargain to us.
Special on Latest U.S. Mint Release: Kisatchie National Forest 5 Oz. Silver Bullion
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| This low mintage silver bullion issue has already sold out at the mint. It is sure to have an extremely low mintage and be very popular with hunters and wildlife enthusiasts across the country. |
We just took delivery of the second coin in the 2015 Five Ounce Silver America the Beautiful series, the Kisatchie National Forest in Louisiana. If there is one thing we've learned about this series over the past five years, it's that you better get them while you can.
Five ounce silver America the Beautiful coins have notoriously low mintages and the U.S. Mint only produces each coin for a short amount of time, since there are four other designs they will be issuing as the year goes on.
The real opportunity, we've found, lies in acquiring these coins when they are first issued; close to their bullion value, and before the Mint sells out. Once the Mint sells out, premiums rise. In the case of the 2012 Hawaii and Acadia coins, for example, collector premiums have risen to three to four times over melt value, if you can find them. The key is to acquire them before this happens.
We just caught word that the U.S. Mint has already sold out of these extremely low mintage bullion issues, so you can be sure that premiums are going to rise. Lucky for you, we bought our stash before the Mint announced that they had sold out. We don't even know the mintage yet, but you can be certain it will be small.
Special Pricing on Singles, Mint Rolls, and Cases
While our supplies last, we are offering the following:
We cannot guarantee how long they will be available, so order online or call 1-800-928-6468 before they're gone completely. Prices are subject to change with the prevailing spot price of silver, so act quickly to ensure availability.
For all online orders, be sure to use code FREESHIP500 at checkout to get free shipping on your order of $500 or more.
Be sure to check out the brand new website!
Questions? Call us at 1-800-928-6468!
