By: Deepcaster - www.deepcaster.com

That there is a Crisis in the Silver Market is clear.

Deepcaster recommends that all those who do not believe there is such a Crisis try to take delivery of Physical Silver.

Attempting to take delivery of Physical Silver will likely provide a dose of Reality Therapy. Delivery delays are common, with delays for delivery of 100 oz. Bars running 6 to 8 weeks, for example.

Consider the following:

Already the U.S. Mint has sold twice the amount of Silver Eagle coins as it did last year, and 2008 is not yet half over. The Mint is rationing the available coins to just a few dealers.

The demand for Silver Eagles is much greater than the supply. Therefore, there are delivery delays, otherwise known as shortages.

Silver coin dealers around the world have depleted or exhausted inventories.

A major mint, the Perth Mint in western Australia, and a precious metal refiner, AGR Matthey, have, for example, made some disturbing disclosures (and thanks to Jason Hommel for identifying them):

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