Commodity Trade Mantra

Posts Tagged ‘US Mint’

Gold Bullion Is Money; No Buyback Guarantee Necessary

When buying or selling internationally recognized gold and silver bullion, there is no need for complicated contracts in either buying or selling because these products are super liquid and recognized all over the world. The spreads are small and the transaction costs are minimal compared to collectible and numismatic gold and silver items.

Perth Mint and US Mint Cannot Keep Up With Gold Bullion Demand Surge

Depressed prices have led to a surge in physical demand for silver and gold bullion globally, resulting in delays in receiving the bullion and indeed to rising premiums. Asian gold bullion demand picked up this week keeping premiums robust and slightly higher in the world’s top gold buying regions. There is also a huge demand for coins from individual buyers in the U.S. & Europe.

The Biggest Silver Haul in History

The big buyer is exploiting a loophole in the law that requires the Mint to produce to whatever the demand might be. So JPMorgan artificially depresses silver prices via short sales on the COMEX and then requests that the US Mint sell it all the Silver Eagles it can produce. JPM wants all the silver it can get its hands on.

No Proof JPMorgan Not the Big Buyer of Silver Eagles

The most plausible explanation for why such an extraordinary number of Silver Eagles were sold in 2014 relative to Gold Eagles is the presence of a big silver buyer. Silver Eagles only account for a small slice of what I allege JPMorgan has acquired in terms of physical silver. If JPM has acquired the amount of silver I claim, it’s no small matter.

Silver Eagle Sales Surpass 2013 Record At Nearly 43 Million

A strong weekend demand pushed total annual Silver Eagle sales to 42,864,000 over last years previous record of 42,765,000. The US Mint sold another 187,000 Silver Eagles today, bringing the annual total to 43,051,000. Sales of the 2015 (possibly a pivotal year) Silver Eagles could be very strong in the beginning of the year. Got Silver?

Silver Eagle & Maple Leaf Record Sales: Five Times Larger Than 2007

Total sales of Silver Eagles & Maples were only 13,870,000 in 2007. In just 7 years, sales of these two top coins are 5 Times Larger at an estimated 71.5 million & now represent nearly 9% of global silver mine supply in 2014, compared to 2% in 2007. Silver Eagle sales for 2014 could be 43 million, while Silver Maples may reach 28.5 million.

Silver Demand Jumps, 2014 Silver Eagles Bullion Coins Sold Out: US Mint

In a day, investors bought around 90% of the daily global mine supply through Silver Eagles ALONE. American Eagle silver coin sales are temporarily sold out. And yet, COMEX silver futures dropped to $15.12 yesterday, the lowest since February 2010. Would like to know if this is anything else other than plain & simple “Manipulation”?

Silver Coin Sales At US Mint Soar To Highest In Two Years

American Eagle silver coin sales surged to 5.79 million ounces, the most since January 2013, the month that set an all-time high at 7.5 million. Friday sales jumped 33% in one of the busiest times this year”, Tom Jurkowsky, a spokesman at the Washington-based mint, said in an interview. Last month’s total was 4.14 million.

Does Surging Demand For Gold & Silver Coins Signal a Bottom?

There’s no guarantee that this gold and silver demand, bullion coins buying, encouraging as it seems, is anything more than a blip. But in the aggregate it does seem like a lot of buyers, individual & national, old and new, are finding current prices to be attractive. That’s how bottoms form and new bull markets begin.

Shanghai Silver Stocks Fall & Silver Eagle Sales Rise Continue

Silver Eagles sales by the US Mint increased 700,000 to over 2.4 million this Monday. Yesterday another 350,000 were sold for a total of 2,765,000 for the month. Total sales of Silver Eagles so far this year are 30,911,000. Silver Stocks at the Shanghai Futures Exchange hit an all-time low today as the price of silver trades in the $17 range.

Gold, Silver Bullion Coin Sales Robust Despite Sell Off

Despite recent bout of price weakness, American Eagle & American Buffalo gold coin sales from the US Mint have picked up significantly from last month. The latest coin sales figures from the U.S. Mint show a tentative pickup and robust retail bullion demand, with Sept sales stronger for both as well as for American Eagle silver 1oz coins.

Gold Jumps 1.8%, Silver Eagle Bullion Coins Top 27M

American Silver Eagles turned up 380,000 for 955,000 on the week so far, the most sold in a week since the one ended May 9. They also hurdled 27 million for the year to maintain a pace that is the second quickest in the coin’s 29-year history. Silver Eagle sales in record year 2013 had topped 30.2 million through Aug. 6, 2013.

Gold Dips, Silver Eagle Bullion Coins Top 26 Million

American Silver Eagles sales in record year 2013 had topped 29 million through the first seven months. Silver Eagles advanced by 260,000 in the later hours on Tuesday. The gain lifted Silver Eagle sales over 26 million for the year, maintaining a pace that is the second quickest in the coin’s 29-year history.

Gold Recovers, Silver Eagle Bullion Coins Top 25 Million

Gold broke away from a losing streak Wednesday, closing higher for the first time in 4 sessions, but Silver declined for a fourth consecutive session. Sales of 2014 American Silver Eagles have topped 25 million for the year. The annual Silver Eagle sales had jumped above 42.6 million in 2013 & coin sales had hit 27,575,000 by July 16, 2013.

Is Silver The World’s Most Undervalued Asset?

Silver is undervalued on a historical basis & also when compared with gold, platinum, palladium, base metals including copper, oil, stocks & U.S. dollar. Silver below $20/oz, remains less than half of its nominal record price in 1980. There are very few that remain at the same price levels as they were more than 30 years ago.

Silver replys on Bear Markets, Manipulation and Investor Sentiment

Looking at the current situation from a historical perspective, I see a lot of catalysts that will catapult the silver price higher in the near future. It seems rather clear that as demand continues to grow, supply tightens, the role of silver as money grows more substantial.

Record Silver Eagle Buying Seen Even As Analysts Mislead The Public

Some analysts argue the downside to silver prices is much worse than gold. But US Mint sold more Silver Eagles in Feb & Mar 2014 than ever in the same time-period in previous years, surpassing 2013?s by nearly 2.4 million.Even when Gold ETF’s in 2013 saw massive sell-offs, Silver ETF’s had increments. WHY?

Silver Eagle Sales Hit A New Record In March

Sales of the U.S. Mint Silver Eagle has reached 4,476,000 at the end of the week & even surpassed the amount sold last year by over one million. If Silver Eagle sales top 500,000 on the last reporting day, total sales in March could surpass 5 million and overtake January as the highest monthly amount.

Is a Silver Supply Shortage on the Horizon?

It’s in part because of the many uses, both as an investment and industrial metal, that some silver market watchers think at some point — perhaps in the near future — demand for the metal will exceed supply, creating a shortage. Silver also has myriad technological and medical applications.

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