Sunday, November 30, 2014

The Remarkable Increase in Sales of US Mint Silver Eagle Sales

The price of gold and silver have recently been weak, but this doesn't mean there are no buyers. The buyers are very strong holders. Rather than the metals being accumulated through ETFs (which can include hot money that will flow in and out quickly), holders are often individuals who take direct possession of physical coin. These people will not sell simply because of a minor uptick (and most won't sell during a major uptick), this means the price will be able to advance very rapidly because of limited overhead resistance.

Below is the chart of the remarkable increase in purchases of US Mint direct physical silver purchases via silver eagles.

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