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Update on the arms of silver

Jan 18, 2013

Mint runs out of 2013 silver coins, suspends sales

http://finance.yahoo.com/news/u-mint-runs-2013-silver-003521869.html

Demand has been so strong that they can't keep up and have now suspended sales until January 28.

Silver Eagle sales to January 15 exceeded 5 million ounces and were on track to surpass the all-time monthly high of 6.1 million ounces, set in January 2012....

It is not the first time the Mint has faced a run on its stock. It started allocating sales to authorized dealers in recent years after its supplies were depleted by unprecedented demand.

The Mint had been due to start taking orders for coins, which fetch just under $63 each, from the general public on January 24.

The price of silver has been going up in the past two weeks. The spot price is in the $31.50 range. These coins, however, sell for nearly $63 each. I suspect that the demand for this particular coin is due to the fact that if the government ever decided to confiscate silver and pay people what it thinks is a "fair price," they would only be able to confiscate bullion, not actual coins that they minted. Perhaps people just feel safer holding these coins.

We have watched the price of silver for some years now, because it is part of the prophetic signs of the fall of Babylon. Recall that in Daniel 2:32 and 39, the head of gold was Babylon, and the arms of silver represented the Medes and Persians. The "silver" kingdom was to overthrow the "gold" kingdom.

I believe that when silver hits $50/oz on the spot price, the overthrow of this Babylonian banking system will be imminent. (Fifty is the number of the Jubilee.) The fact that these 2013 silver eagles are already $62 is interesting, because King Darius the Mede was 62 years old when he took control of Babylon (Daniel 5:31). Perhaps this is an early warning sign.

 

 

 


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Dr. Stephen Jones


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