Sales Of Silver American Eagles Rise To Record High For Second Consecutive Year

Sunday, December 14, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/14/2014

One month ago, shortly after we reported that “Silver Coin Sales At US Mint Soar To Highest In Two Years” we learned that the “US Mint Sells Out Of Silver Eagles Following “Tremendous” Demand.” That, however, did not prevent the mint from selling just about 5 million ounces in the period since the announcement, and as Reuters reported last week, “Strong investor demand lifted American Eagle Silver Bullion coin sales to a record for the second straight year, the U.S. Mint said on Tuesday.” For those confused, it is clear that another year of record demand for physical silver explains why the price of silver is down 12.5% in 2014 after being down 36% last year. Why? Because as we said a month ago, “when it comes to precious metals, thanks to the BIS and the central banks, Paper beats Rock every time.”

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter