Once again I received a nice shiny Silver Eagle in the mail this month, which brings my collection to a total of 12 (13 actually if you include the 2009 Koala Silver Coin that I purchased as well, looking forward to receiving my 2010 coin very soon).

The box I keep them in is starting to get quite heavy and I have to admit it feels really good picking it up and feeling the weight of the 99.9% pure silver, now totalling 12oz.

When I was a kid I used look at my Fathers coin collection often.  I was facinated to see where all the different coins came from.

When I was 18 my Father gave me a special Gold Coin (unfortunately later stolen when I shared a house with a group), but I swore to myself I would one day have a collection of coins once again.  The reason for wanting this collection was due to something my Father said to me on the day he gave e the Gold Coin.

“Son, I’m giving you this coin to keep because whilst you have it in your possession you will never be poor, and, if anything bad ever happens to the financial industry and money loses it’s value, you will ALWAYS be able to use precious metal to bargain with.”

My Dad was never a rich man, and in fact due to Motor Neurone Disease he passed away very frail and with very little money, but I have never forgotten that one bit of advise.

Now thanks to Ed Freeman and his Silver Eagle program I am building my small box of wealth every month.

Oh and now Ed has made it even better and easier to grow the collection of coins even faster.

With that in mind I now give you Ed’s latest newsletter and the introduction of an even better Silver Eagle rewards system.

http://YouNeedSilver.com

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SSB NEWS – DECEMBER 1, 2009

Dear Ian,

It’s hard to stop a speeding silver bullet. Silver has been quietly rocketing ahead playing catch up with gold’s breakout to new all time highs.

Silver and gold could be quite volatile over the next month or two causing even more interest in silver and your SSB business.

Super News – Commissions Increase. Earn More Coins. You now get paid on EVERY coin sold. “Odd” coins roll forward starting this month. For example, if you have only one member buying one coin a month you will be paid “1/2 a coin”. I’ll do that by carrying forward that 1/2 coin commission to the next month so once two coins have been bought you will be paid a bonus coin. As another example, if you had 3 coins sold during a month then you’ll be paid the 1 coin bonus for 2 of the coins and the “odd” coin sale will be carried forward to the next month.  This will increase the bonus coin commissions for many members. Now it’s worth going out and getting that 1 extra sale. Or perhaps enrolling a family member so you can start earning bonus coins.

I let a member know about this change and here’s how they reacted:

“Hey the carrying forward is HUGE! That’s a great selling point for the program. So basically even if you sign up just one person you earn a coin from him or her every other month! That’s awesome. I think that will really help out in keeping people enrolled in the program.”

and later . . .

“It really is a huge advantage to the system because someone that refers just one person can earn a free coin every couple months. Kudos to you for taking it up a notch again.”

If you have any personal thoughts on our paying-you-more commission increase, perhaps something that might go on the testimonial page, please send it.

Silver Eagles disappear overnight. Insta-shortage

The big news is silver shortages and especially Silver Eagle shortages have happened -  VIRTUALLY OVERNIGHT.

One example of this is that my favorite supplier usually has about 50 mint boxes (of 500) Silver Eagles in stock. In early November they had 80 boxes, and around mid November they had 120 boxes for a week or so . . . until I looked on “The Day The Silver Died” (November 23) and quite suddenly they were SOLD OUT of mint boxes. They had a few rolls left and I noticed that besides the price being higher because silver prices are way up, the premium (amount above spot price) had shot up by 35%. Again that was OVERNIGHT. And premiums keep rising. They are now up 47% and will likely keep going higher.

This likely means that a single larger buyer bought the entire inventory of 120 mint boxes overnight. At 500 coins a box that’s 60,000 ounces of silver instantly “off the market”. Someone decided to spend over a million dollars and it wiped out the whole supply or new boxes.

That supplier sent out a notice that said:

At this time the US Mint is out of 2009 American Silver Eagles.

The US Mint has delayed release of the 2010 American Silver Eagle indefinitely.

As I check their supplies right now before publishing this newsletter on Dec 1 they are completely sold out of all Silver Eagles. Should supplies remain non-existent for another couple weeks I may have to substitute a different 1 ounce coin but I’ll try to avoid that if I can.

At another supplier I use a lot they had a notice up that said:

*2009* Silver American Eagles
US Mint Sold Out!  . . very limited supply .

And a few days later there was this:

Currently Out of Stock

And they are one of the largest dealers.

From the Financial Times:

“The US Mint has depleted its current inventory of 2009 American Eagles one-ounce bullion coins due to the continued strong demand,” the mint said in a statement late on Wednesday. It added that selling will resume “once sufficient inventories . . . can be acquired to meet market demand”.

And from a coin dealer:

Silver Eagles are Vanishing!

“Shortages in physical gold and silver inventories are beginning to take place again.

The US Mint has broken records this year in the amount of bullion coins they have struck and they still cannot fulfil the public’s demand for American bullion coins.

Remember gold and silver are stores of value with limited quantity while paper currencies and credit can be expanded infinitely.  It takes relatively very little currency and credit buying precious metals for precious metal products to disappear and prices to explode- as happened last autumn in the physical gold and silver market. A large divergence happened between the spot (or futures) price of the metals and actual metal you could hold in your hand as the metal became scarce.

Now and in the coming years we fully expect shortages of gold and silver products to become the rule not the exception.  You have the opportunity of a lifetime.  Are you going to take action?”

- -

So I’ll continue to “keep the silver coming to you” but between the high price of silver and the high premiums over spot caused by the Silver Eagle shortage these in demand coins are going up in value.

The reason we all like silver is that we expected that the price would rise so I suppose it’s good that prices are going up. I’m still hoping that we get one more chance to accumulate silver at lower prices over the next year or two.

I see two possible scenarios.

Either metals will make an intermediate term top over the near term and then have a longer term correction before the “real” transfer of wealth main event begins as paper currencies collapse. . Or the real move up started a year ago is about to accelerate.

By the way, the very best time to promote Silver Snowball is when silver is rapidly rising and it starts getting hard to find. That’s right now. There’s no rush like a gold/silver rush.

I absolutely believe we are in the right business for these uncertain economic times. And there’s nothing like a silver shortage to make people want silver even more. Thank you for being a valued Silver Snowball member. I look forward to continuing to send you Silver Eagles.

And don’t forget – you now get paid on EVERY coin purchased every month by people who have ordered through your site. This would be a great time to enroll even just one new person. You could also give a subscription to a family member as a gift.

Of course it’s a great month to enroll 20 new members too.

* * *

Silver Eagles – Get ‘em while you can

* * *

THE MARKETS

US Stocks – Bear market rally has topped. Short term trend down. Long term trend down though 2012 – 2016. First target is a decline to below the lows of last March.

US Dollar – Intermediate term trend has turned up or is very close to turning up. The rally could last a year or so. Long term trend down.

Interest Rates – Short and long term trends remain up. This means most bonds will lose value. Stay short term.

Precious Metals – Short term trend down. Long term trend is up. I consider corrections in metals a gift that gives us more time to accumulate silver while it’s still affordable.

Real Estate – Down.

The Economy – Down. Deflation will accelerate.

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So there you have it.

Are you going to get in while you can or miss the boat?

This might even be a good idea as a gift that keeps on giving.

Happy Holiday,

Ian

http://YouNeedSilver.com