Tag: US Mint

US Mint Sells Much More Silver Than Gold Coins In H1 2014

US Mint Sells Much More Silver Than Gold Coins In H1 2014

The interesting observation is that most months of the first half of this year, silver coins were more popular than gold. January 2014 was the only significant exception. One should note that this chart shows the dollar value of gold vs silver coins. As silver is about 60 times less expensive than gold, it means that the number of coins sold were many times higher than the number of gold coins sold.

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US Mint About To Trigger A Temporary Silver Supply Shortage?

US Mint About To Trigger A Temporary Silver Supply Shortage?

Silver Eagle Coin cupboards appear to be low currently. It appears as well that high volume silver dealers have limited inventory of 2013 U.S. Mint Silver Eagle coins. The expectations from GoldSilver.com are that “the upcoming 35 day silver eagle coin hiatus will most likely produce a shortage of the world’s most popular silver bullion investment vehicle and thus… produce a growing shortage of other silver bullion products as a consequence.”

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US Silver Eagle Sales Best First Half Year Ever

US Silver Eagle Sales Best First Half Year Ever

The point is very simple: US Silver Eagles are in very high demand, whether looking at yearly of half yearly sales figures, or comparing it with the Gold Eagle sales. The most plausible explanation for this trend is that people (retail investors) realize the dangers and severity of this crisis, and seek some form of “safety”. Silver being “poor man’s gold” is more affordable to the retail public.

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