With the tremendous amount of volatility in the movement of bond yields over the past month, the Mother of all Black Swans may finally take place in the latter part of the year.
It seems as if precious metals investors can sense this…
While GOLD is known as the King of monetary metals, SILVER will win the crown as the best performing monetary asset in the future.
From 2008 to 2014, the rate of Silver Eagle to Gold Eagle sales jumped to 41 to 1. What is even more amazing than that statistic, is the Silver to Gold Eagle ratio in 2014. Investors purchased 84 Silver Eagles for every Gold Eagle oz in 2014.
Now, if we look at the current demand for U.S. Mint official coins, Silver Eagle vs Gold Eagle sales in February are a staggering 213 to 1:
There are two charts every precious metals investor needs to see. The U.S. Mint is celebrating its 30 year anniversary producing Gold and Silver Eagles and if we look at the sales data of these two Official precious metal legal tender coins going back to 1986, we find some very interesting trends.
The U.S. Mint sold an average of 34.9 million Silver Eagles from 2008-2014 compared to 7.2 million from 1986-2007.
Investors purchased nearly 5 times more Silver Eagles a year after the Great U.S. Economic Collapse in 2008, than they did from 1986-2007.
In contrast, the U.S. Mint only sold an average of 50% more Gold Eagles from 2008-2014 compared to the yearly average from 1986-2007.
Essentially, the sales increase in Silver Eagles outperformed Gold Eagle sales by 10 to 1 since 2008!
The U.S. Mint just updated its Silver Eagle sales on its website… and it was a real doosey.
Looks like the U.S. Mint sold nearly one million Silver Eagles over the Holiday weekend:
Sales of U.S. Mint Silver Eagles started off strong this year with 3.6 million sold in the first two reporting days of 2015!
The U.S. Mint starting selling Gold Eagles last week with 51,500 ounces reported on the first day of sales. The U.S. Mint released the official first day of Silver Eagle sales on January 12th.
As we can see from the chart below, the U.S. Mint sold 2,958,000 Silver Eagles on January 12th, then another 656,000 on Tuesday, January 13th. So far this year, the U.S. Mint sold 3,614,000 Silver Eagles compared to 56,500 oz of Gold Eagles:
David Morgan joins the SGTReport to discuss the unprecedented demand for American Silver Eagles.
The question is, WHO is buying all of this PHYSICAL silver?
Because typically as the price of an asset falls, retail investors flee. Has JP Morgan itself been snatching up tens of millions of ounces of the precious metal in the form of silver Eagles as the criminal bank drives the price down via the COMEX? It’s what Ted Butler calls “The perfect crime”. Is he right?
Either way, those in the know win, because we understand that PHYSICAL silver is in very high demand – and its very, very precious.
Amazingly, retail investors purchased 84 Silver Eagles in 2014 for every ounce of Gold Eagles.
It will be interesting to see how 2015 unfolds.
With all the geopolitical, financial and economic uncertainty… next year just may be GANG BUSTERS for the U.S. Mint.
In the wake of a MONSTROUS sales spike with silver’s dip to $14, Silver American Eagles sales have soared above 43 million oz in 2014, a new all-time annual sales record for the second consecutive year.
In addition, I believe sales of the 2015 Silver Eagles will be very strong in the beginning of the year. Today, the price of gold and silver are skyrocketing as the broader stock indices plummet. This may be the sign precious metal investors have been waiting for… A REAL BOTTOM.
If we truly seeing the MOTHER OF ALL REVERSALS, 2015 may turn out to be quite the pivotal year.
The U.S. Mint had to suspend sales on November 5th due to its inventory being totally wiped out.
The Royal Canadian Mint also put the sales of its Silver Maples on limited basis due to high demand as well.
If the Royal Canadian & U.S. Mint have difficulty now trying to meet demand for the 2-5% of public demand… what happens when the GREAT RUSH INTO GOLD & SILVER BEGINS??
Investors snatched up a record number of Silver Eagles as the paper price was manipulated to new lows today. This is a very strange market phenomenon, as several “Official” analysts forecasted a drop or sell-off of physical metal if the price continued to decline.
In just the past two days, investors purchased more than 1.4 million Silver Eagles. This pushed the total sales for October to 5,790.000, surpassing the record set in March at 5,354,000:
The US Mint just sold another 715,000 Silver Eagles over the weekend, bringing October Silver Eagle sales to an all-time monthly record- with a whole week remaining!
After the recent price smash in silver, investors purchased a record amount of Silver Eagles. In the past week, the U.S. Mint sold a great deal more Silver Eagles than it did during the same time period in every other month of the year.
Not only are first week sales of Silver Eagles stronger than any other month, they have already surpassed the total sales in the month of July and August!
The best time to buy Gold or Silver is anytime before the Financial System collapses.
The day after… will be too late.
The last day of September, the U.S. mint reported silver eagle sales of 750,000 coins. One day later, they reported another 1.65 million.
Both were one day records. The two-day total – 2.35 million – was more than the entire months of August and July:
The market has reacted to the big drop in the paper price of silver by a huge increase in Silver Eagle purchases.
September was turning out to be a much stronger month compared to July and August even before the last update of the month.
On Monday, the U.S. Mint reported 3,375,000 sales for the month.
Then this evening, I checked to see if they had updated their figures.. which they did in A BIG WAY.
The U.S. Mint just updated their Silver Eagle sales figures for May, and it was a whopper. Since the beginning of last week, the U.S. Mint sold 1.939,500 million Silver Eagles. This is a big number. Total for the month of May is already at 3,262,000 oz.
It took one week for the U.S. Mint to sell more Silver Eagles (1,939,500 oz) than all the Gold Eagles sold in 2012, 2013 and 2014 (1,808,000 oz).
Just think about that for a minute. The market purchased more Silver Eagles in one week than all the Gold Eagles since January 2012.
The U.S. Mint sold more Silver Eagles in the past two months than it has ever in the same time-period in previous years. February and March sales were so strong, they surpassed 2013′s by nearly 2.4 million.
According to the U.S. Mint’s most recent update, sales of Silver Eagles in March hit a record 5,354,000, which was almost 2 million higher than in March of 2013.
If we look at the chart below, we can see how much heavier the buying was this FEB-MAR compared to previous years:
According to the recent update by the U.S. Mint, Silver Eagle sales hit a new record in March. Sales of the U.S. Silver Eagle reached 4,476,000 at the end of the week. Even though this surpassed the amount sold last year by over one million, the U.S. mint still has one final update to take place on Monday, March 31st.
If sales of the Silver Eagle top 500,000 on the last reporting day, total sales in March could surpass 5 million and overtake January as the highest monthly total.
In an interesting irony, investors are purchasing record amounts Silver Eagles while the top primary silver miners continue to lose money. Not only did investors purchase the most Silver Eagles in the month of February compared to previous years, the silver/gold ratio is off the charts.
This year, investors have purchased 3,750,000 Silver Eagles compared to 31,000 oz of Gold Eagles.
This is a staggering 121 to 1 ratio, shown in the chart below:
The U.S. Mint updated its sales figures today… and it was another whopper.
Yesterday, the U.S. Mint sold 825,500 Silver Eagles which was about two-thirds of the weekly allocation.
The total Silver Eagle for February is now 3,671,500.
Not only has this been another excellent month (so far) for Silver Eagle sales, it is an all-time record for February!
As sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint. Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
in the past several weeks, 80-90% of the total allocated weekly Silver Eagle amount was sold on the first day of the week!
The U.S. Mint just updated its sales figures Monday, with an astonishing 744,500 Silver Eagles sold in one day: