My 1st Million At 33 – yes, you can do it too

As of yesterday afternoon, US mint stops producing gold eagle coins. No more sale until further notice. This is not to mention an existing silver eagle coinc shortage.

Yes, both gold & silver prices are breaking new low on Thursday in Asian market. But barely any major dealers are selling them. How weird? On silver, tulving.com ran out ALL kinds of silver products. ColoradoGold.com ran out everything except 10 oz silver. There are still some gold products left. But I imagine that they may run out very quickly. I’ve bought some recently at prices above $15. But it’s really hard to get any. First of all, you can barely get through the phone lines. And then, the silver products are usually running out in 2 days at tulving.com.

I don’t know what is going on. But if they are LOTS of sellers as shown from the spot market. They should be LOTS of physical products available. The fact is most of those are running out quite quickly. Silver eagles are rationed among all precious metal dealers since March of this year. If you can get them, the premium over spot on the buy price is increasing all the time. And as in a free market, the premium over spot when you sell back is ALSO increasing now. The only thing that doesn’t increase is the actual spot price. But where the hell are the goods?

I have tried my local dealer, and practically everything runs out and they run out very fast. No gold or silver eagles. Nothing.

I think monex.com still have eagles. Their prices are higher. But if that’s the only place that I can get, I may just get it from them.

I have been observing the recent drops in the US markets. About 95% of the sharp drops occur either at about 1 hour before/after the market opens, or at 12pm EST. Again, such market actions doesn’t make much sense, especially centering at a certain time. Even stocks are not this volatile.

Anyway. I’m definitely going to scoop up some if I can. I have also planned to transport my physical gold & silver back to Asia where I think it would be safer from the Big Brothers, when I go back home to visit my parents. By custom laws, one can take out $10,000 per person. So I think I should be okay.