INVESTORS RETURN: U.S. Silver Eagle Sales Surge Over Past Two Days
By: Steve St. Angelo
SilverSeek.com
August 31, 2017
While interest and sentiment in the precious metals have been depressed compared to the preceding month, this all changed during the past few days. This trend change is particularly the case for silver. Even though Silver Eagle sales have been much weaker this year, positive signs show that investors still believe in acquiring the shiny metal when fear and uncertainty enter into the markets.
Although, Silver Eagle sales for Jan-Aug 2017 are nearly 50% lower than they were during the same period last year. I believe the biggest factor that hurt Silver Eagle sales was the election of Donald Trump as U.S. President. Many individuals in the Alternative Media think that because Trump is in the Whitehouse versus Hillary Clinton, it translates to a lot less FEAR as it pertains to the control by the elite. Thus, the motivation to continue purchasing precious metals, bulk food, guns-ammo and survival goods has diminished considerably since the election in November.
However, when serious geopolitical events arise, investors still want to rush into owning more gold and silver. And they did so in a BIG WAY over the past few days.
According to the updates on the U.S. Mint website, Silver Eagle sales surged by 300,000 on Monday, August 28th and another 300,000 on Tuesday, August 29th:
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