Category Archives: Silver

PRECIOUS METAL DEMAND SURGES AS US MINT BEGINS 2016 SALES

Via Zerohedge.com

  • “As Reuters reports, American Eagle silver coin sales jumped on Monday after the U.S. Mint said it set the first weekly allocation of 2016 at 4 million ounces, roughly four times the amount rationed in the last five months of 2015, after a surge in demand. It will not be enough”
  • “According to the Mint, more than half of the week’s allocation of silver sold on Monday, the first day of 2016 sales, a sign that demand entering 2016 is literally off the charts”

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US Mint Sees Record Silver Sales In Q3 As Physical Demand “Is Absolutely Through The Roof”

Via Zerohedge…

  • The U.S. Mint sold 14.26 million ounces of American Eagle silver coins in the third quarter, the highest on records going back to 1986′
  •  ‘The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime while sending U.S. buyers racing abroad to fulfill a sudden surge in demand’

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