Are You a Silver Stacker? This Figure Will Make Your Head Spin!

A Splash of Cold Water
Sometimes, it behooves us to revisit some basics, when valuations are strained beyond all limits of credibility and belief. When you really need that splash of icy-cold water on your face, ya know?
Case in point, this past Friday, in episode 2 of the Clarion Call, I took some time fleshing out an astonishing dollar figure about silver. If you’re a subscriber on the Watchman’s YouTube channel, then you’d already know what it is, and if you’re not, what are you waiting for? *nudge nudge*
Honestly though, the figure was so surreal to this Watchman, that I decided to flesh it out a great deal more in this article, to demonstrate just how precarious our enemy’s position has become in their silver suppression. I can’t stress enough how many times I’ve told our brothers, that this unforgiving downtrend in silver, which is now going on 4 years, has reached the point where valuations are so low, that just a handful of committed people, can really do some serious damage to the riggers.
This figure I’m about to go over, showcases that very thing, like few other factoids I’ve seen.
U. S. Mint Capabilities
With the recent ‘Sold Out’ sign hanging at the U. S. Mint silver eagle program, that’s only being removed today, (but for how long?), I thought it would be interesting to see the dollar value of the maximum number of eagles that can be produced in a single day. Such a figure will help us gauge just how unbelievably vulnerable the enemy’s jugular now is!
According to Ted Butler, the U. S. Mint has bumped productive capacity such that it can produce about 130,000 eagles per day(including weekends), or roughly 1 million per week(that is, IF they secure enough blanks from their vendors). To simplify this, let’s add it up, and round off production to roughly 200,000 eagles per business day.
That’s it, 200,000!
So, let’s scribble off some quick ‘napkin calculations’ to help!
This morning’s silver spot price: $16.10(as of 3:30 a.m., Nov. 17th) $2 Mint Seigniorage= $18.10
$18.10 * 200,000= $3,620,000.
The U. S. Mint, at today’s prices can churn out a mere $3.6 million worth of silver coins per day. Thursday, when I recorded the episode, silver was at $15.50, and the U. S. Mint could only produce $3.5 million in silver eagles per day!
Wow, Watchman, $3.5 million in silver per day is huge, no wonder silver is languishing in the mid teens!

This post was published at The Wealth Watchman on NOVEMBER 17, 2014.