As the price of silver has quietly hovered around $16 - $17 for the past few weeks, we have noticed a remarkable influx of both new and existing buyers loading up at current levels. We are hearing similar stories from other dealers, as well.
Here are five reasons we are extremely bullish on the white metal:
- Silver is the only commodity you can buy today for less than it was in 1980.
- JP Morgan has quietly accumulated over 50 million ounces of physical silver over the past two years alone, or nearly one billion dollars worth of silver.
- It costs more to mine an ounce of silver today than it is selling for.
- From today's oversold levels, the price of silver could triple and still not be at the levels it was in 2011.
- The current silver to gold ratio lies at 74. In other words, you can get 74 ounces of silver for an ounce of gold. The historic ratio is around 16, implying silver is extremely oversold in relationship to the gold price.
If you would like to take advantage of low silver prices, then we have a great offer for you:
Next week we will be taking delivery of the third coin in the 2015 Five Ounce Silver America the Beautiful series, the Blue Ridge National Parkway from North Carolina.
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.
Special Pricing on Singles and Mint Rolls
While our supplies last, we are offering the following:
- Call for best price on unopened mint cases of 100 coins
We cannot guarantee how long they will be available, so call us at 1-800-928-6468
Prices are subject to change with the prevailing spot price of silver, so act quickly to ensure availability. Pricing based on silver spot at $16 per ounce.
