silver sales

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.

2012 Amercian Silver Eagle

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.

Gold & Silver Eagle Sales Yearly Change Jan-AugAccording to the most recent data put out by the Official Government Mints, silver coin sales are outpacing gold in a big way.
Silver Eagle sales up to the first week of August reached a little more than 27 million compared to 30.3 million during the same period last year.  This was due to a big drop off in demand during June and July.  
In contrast, Gold Eagle sales declined a staggering 376,825 ounces (55%) from 683,325 oz in 2013 to 306,500 oz year to date.

Top 5 Official Silver Coin Sales 2013In 2013, the top 5 official silver coin sales topped 98 million oz.
The U.S. mint came in first place by selling 42.6 million Silver Eagles, while Canadian Maples came in second at 28.2 million oz followed by 14.5 million Philharmonics, 8 million (est) Silver Pandas and 5.3 million in Australian Kookaburra’s, Koala’s and Lunar Silver Snake sales.
Total of the top 5 official silver coin sales were 98.7 million.  Again, these figures represent their top-selling official coins.  This does not include other silver bullion coin and numismatic sales.
Thus, the market purchased 27 times more official silver coins than official gold coins in 2013.
With a high ratio of 27 to 1 set last year, 2014 may break that record in flying colors.  So far this year, the U.S. Mint has sold 19.8 million Silver Eagles compared to 193,000 oz of Gold eagles.  This is a 102 to 1 ratio.

Total Eagle Sales FEB MAR 2010  to 2014The 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:

Silver Eagle Update March 28 2014According 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.

Play

The Doc & Eric Dubin break down the action in the markets this week, & discuss:

  • Gold completes a golden cross last Friday, the cartel promptly smashes gold & silver under $1300 & $20 to dampen sentiment 
  • Shortage developing in US Gold Eagles as the Authorized Purchasers collectively rebel against the US Mint & halt Gold Eagle purchases- The Doc breaks the story and explains why on the show
  • Banker deaths roll on as JPMorgan’s top commercial bankruptcy lawyer killed and thrown 150 ft by a speeding minivan
  • The Goldman/Zerohedge narrative that Chinese hedging caused gold’s 2013 price crash- why the numbers don’t add up

 The SD Weekly Metals & Markets With The Doc & Eric Dubin is below:

*Editor note: With sentiment near all-time lows for the entire bull market, we thought it apropos to bring back SRSrocco’s viral, comprehensive FUNDAMENTAL ANALYSIS on the forces that will push silver over $100/oz. 
PLEASE CHECK YOUR EMOTIONS AT THE DOOR AND REVIEW THE FUNDAMENTALS!

There are tremendous forces at work that will push silver over $100 an ounce.

According to the  2012 World Silver Survey, total global silver investment demand has risen from only 31.6 million oz in 2002 to a staggering 282.2 million oz in 2011.  As world economic fiat based monetary system continues to deteriorate, investors are taking delivery of physical silver rather than holding on paper contracts that may not be backed by any metal whatsoever.

This has created a run on the LBMA… the largest metal exchange in the worldOnce the world ‘s liquid energy supply starts its inevitable decline from its current plateau, annual silver metal production will decline as well.  There will be no silver glut and there will be no silver available when the world’s fiat monetary system finally dries up and blows away.
Get ready.  The forces for pushing silver over $100 have just begun.

They’re Back!

2014 Platinum Eagle

After a 6 year hiatus, the US Mint re-launched sales of the Platinum American Eagle Monday March 10th!
We listened to our customers and are pleased to once again offer platinum bullion.  Thanks to the hard work of our team, the West Point facility has begun striking platinum bullion coins for the first time since 2008.”  -U.S. Mint Deputy Director Richard A. Peterson

Secure your 2014 Platinum Eagles at SDBullion today as low as $79.99 Over Spot!

U.S. Mint Silver  Gold Eagle Ratio updateIn 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: