Royal Canadian Mint Limits Quantity of Silver Maple Leaf Sales
The US and Canada are supposed to be superpowers on the global level. Of course, the US has had hegemony over much of the planet since World War II, while Canada has enjoyed stability, resources. It has been the theater to no industrial-age world wars. Mexico has been ravaged by poverty over time, US invasion and undermining by the Mexican mafia supported by mainline financials. Yet, whilst the US Mint and the Royal Canadian Mint have recently announced shortages in their staple 1 oz. silver coins, Mexico has run into no supply issues.
This morning the Royal Canadian Mint began allocating and limiting the quantity of sales of the popular Silver Maple Leaf, .999. The silver shortage now spans North America, as both dealers and wholesalers are will have to deal with backlogs of not only Silver Eagles, but also Silver Maple Leafs.
The only mint left with a full supply is La Casa de Moneda de Mexico (the oldest mint in the Americas), with a fully supply of 2013 silver coins at this point. Recent silver shortages resulted from the price drop during the 2008 banking crisis, the price run in the April 2011, and then also as silver has been in a depressed trading range since, beginning January 2013.
Bullion dealers are expecting renewed supplies of Silver Eagles relatively shortly and Canadian Maple Leafs are, for now, generally available.
While Mexico is oft touted as a dangerous place, what one realizes is that it is actually a historically close neighbor to the US, and it is also the largest silver producer on the planet, making the Mexican government and therefore people – according to the surely broken “social contract” – very wealthy. Once can only imagine it is a matter of time before Mexico starts getting the Polish treatment.