US Government Now Rationing 2008 Silver Dollars
May 27, 2008
It seems that the US government can't keep up with the demand for 2008 silver dollars and is now rationing them to the dealers.
They can't buy enough silver blanks.
The spot price for silver that is published is merely the price set mostly by speculators and has little to do with the actual value of the metal. Eventually, however, the shortage of silver will catch up with them, and perhaps this is one indicator of the shortage. It seems to me that f it were not so, they would certainly want to give excuses for rationing silver coins.
I think the next step could be that the dealers will simply refuse to sell at a price that is based upon the published spot price.
Anyway, it is an interesting development. See