SILVER SHORTAGE: Delays In Apple Pc Production Points To Growing Worldwide Shortage Of Ag
On Jan. 17, the U.S. Mint announced that they were halting sales of one ounceÂ silverAmerican Eagle coins due to a lack of supple of the precious metals. This action comes after six million coins were sold in the first 17 days of 2013 to dealers and individuals. Now, on Jan. 18, silver commodities analyst Ted Butler is reporting that the 10 week delay inAppleÂ iMacÂ production in China is intrinsically tied to a shortage in industrial silver, and that the overall supply of the metal may lead to a panic, and massive rise in prices.
Silver expert Ted Butler has long predicted and awaited an eventual industrial shortage of physical silver, and a resulting panic silver buying that terminates the bullion bank cartelâ€™s manipulation of the silver market.
Butler may be about to be finally proven correct, if an Apple contractor is right that Apple has delayed production on the new 27â€ť iMacs over an industrialÂ silver shortageÂ in China.
Submitted to Ted Butler and Silver doctors:
I work as a sales contractor for a local independent Apple dealer. I donâ€™t know how many of you closely watch Apple delivery dates, but we received a consignment of the new 21.5â€ł iMacs and then they dried up. We havenâ€™t received any of the new 27â€ł iMacs. Our shelves are bare with lots of backorders. Iâ€™ve never seen this before.
Apple announced the new iMacs on Oct. 23 2012.
Itâ€™s been 10 weeks now since any 27â€ł iMacs have been shipped and Apple states that another 3 to 4 week delivery for those models, if you order today. -Silver Doctors
TheÂ priceÂ of gold and silver has been pushed down below $1700 and $30 per ounce respectively in the past 45 days in the paper and spot markets, but dealer premiums and over the counter sales show that physical metal prices have disconnected from those market determinants. Many metals dealers such asÂ ApmexÂ now require a $3.99 premium for a single ounce of silver, and sales onÂ EBAYÂ are going for over $35 an ounce lower silver spot prices, and economic uncertainly, is causing many Americans to stock up on the precious metal.
Besides increased industrial use, and the influx of silver coin sales in the U.S., foreign countries and central banks outside the Western world are buying gold and silver in bulk as a hedge against the devaluing dollar. In fact, Germany announced a repatriation of its gold holding from French and American depositories this week, even as China announced record gold buying in the open markets for 2012.