U.S. Mint Has Sold 22 Million Silver Eagles This Year
Jun 30, 2011
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Casey Research | June 30, 2011
The U.S. mint had a sales report yesterday…and it was probably their final one for June. They sold another 3,500 ounces of gold eagles, along with another 426,000 silver eagles. June totals are as follows: 57,500 ounces of gold eagles, 4,000 one-ounce 24K gold buffaloes…and 3,374,000 silver eagles.
Gold eagles sales in June were the lowest so far this year…and silver eagle sales were the third highest. If you include the buffalo sales for June, one-ounce silver eagles outsold gold eagles by almost 55 to 1. I sure hope you’re getting your share.
Total ounces of gold eagles sold so far in the first six months of 2011 is 572,000 ounces, along with 78,000 one-ounce gold buffaloes…and a whopping 22,275,500 silver eagles. Using all these numbers, one comes out with a silver/gold sales ratio of exactly 35 to 1. For every ounce of gold the U.S. Mint is selling, it’s selling 35 silver eagles. And that, dear reader, is phenomenal.
Article Provided by Casey Research.
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Silver has never been the subject of confiscation at any time in American history! We don’t feel Silver American Eagles ever could be confiscated at face value. If we were threatened with such a situation, Silver would have to have hit $100+ an ounce.
it wouldn’t take us long at $100 an ounce to fire up the kiln and pour us some ten ounce Silver bars with no ties to U.S. coinage. The same thing is happening today to the Nickel whose melt value exceeds its five cent face value.