Global Demand For Gold & Silver At Unprecedented Levels!
- Do not be taken in by the Crimex gold and silver paper manipulations of prices. Although Crimex silver is at US$30-31/oz, in the physical market it is going for about US$38/oz. Physical stocks of both gold and silver are running out or already gone! The smart money, people who understand what is really going on, who understands monetary history/economics … are buying gobs of physical silver and gold. Here are some articles to proof my point!
Global Demand for Gold & Silver at Unprecedented Levels
.. The Perth Mint … Demand for our coins is currently running at unprecedented levels and we have been inundated by high levels of web and telephone traffic from clients all around the world. … We have never, ever seen these levels of demand for physical gold and silver. .. there are virtually no sellers in the silver market …
Silver Eagle Bullion Sales Move into Record Territory
For the year to date, the United States Mint has now sold 34,673,500 American Silver Eagle bullion coins, which exceeds the record annual sales achieved last year. This will mark the fourth consecutive year of record breaking sales for the popular one ounce silver bullion coins.
Demand for Silver Eagle bullion coins rose to new heights in 2008, which resulted in periodic suspensions and order rationing imposed by the US Mint. Despite these obstacles, annual sales achieved a new record at 19,583,500.
In 2009 and 2010, new annual records were achieved at 28,766,500 and 34,662,500, respectively. During these years, the US Mint continued to periodically ration sales to the small group of authorized purchasers that are able to buy the coins directly. For the current year, sales have reached 34,673,500 with still more than two months to go. Monthly sales have averaged about 3.7 million coins, an amount which exceeds the annual sales totals for two separate years of the program.
US Mint Sells Nearly 3/4 MILLION SILVER EAGLES 1st Day of October!
Yesterday 10/3, the US Mint sold a whopping 737,000 Silver Eagle 1 oz coins in a single day! To put this number in perspective, in Dec of 2010 with silver in the mid $20′s, the US Mint sold a total of 1,772,000 Silver Eagles FOR THE ENTIRE MONTH OF DECEMBER! Yesterday, on 10/3, with the spot price of silver approximately $31/oz, the US Mint sold 737k Eagles, or 42% of sales for ALL of December 2010!
Sales totals for September are now in as well, at a massive 4,460,500 ounces for the month, the highest monthly sales total since January 2011 (during a massive take-down…seeing the connection here?) by nearly 50%!!
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