by David Engstrom
... In December the U.S. mint was hit by another silver shortage and was forced to suspend sales of the Silver American Eagle. By January 7, sales resumed and in just a matter of a few days over 6 million Silver Eagles were sold, far exceeding totals for the entire month of January 2012. Again, the mint was forced to suspend sales.
Last time the mint ran out of silver, the silver price jumped from $34 an ounce to $49, a quick 40% rise. Back then, the silver naysayers called it everything from a fluke to a spike to a bubble. Today, however, the tone of the silver message is changing. The silver shortage is growing.
You see, unlike other precious metals, Silver’s industrial demand is skyrocketing. Silver is known to have the highest electrical and thermal conductivity of all metals. Think about that! Why are today’s cell phones more powerful than yesterday’s giant computers? Silver is playing a major ...