American Eagle Silver Bullion Coin Sales Drop Sharply from Previous Month and Year

March 4, 2015

american-silver-eagleSales of the United States Mint American Eagle silver bullion coins dropped sharply throughout February from both the previous month and also equivalent previous year period.The US Mint reported total sales of 3,022,000 ounces during February which is down by 19.4 percent from the similar previous year duration as well as down by a considerable 45.4 percent from the previous month. Because of solid January sales, however, total sales of the silver bullion coins is up a little by 0.3 percent on the year.There were four months throughout 2014 where month-to-month sales

of the silver bullion coins lost below the 3 million level as well as yet sales hit an all time document high of 44,006,000 troy ounces. Average regular monthly sales of the silver bullion coins during 2014 came in at about 3.6 million ounces per month while the typical month-to-month sales year to day throughout 2015 is at 4.3 million ounces. The silver bullion coins stay extremely preferred with rare-earth element capitalists despite the decline in the cost of silver given that 2011. Long-term silver financiers designating a section of their profile to bodily priceless metals view the present bargain price of silver as a possibility to load up as evidenced by 2014 document damaging sales.The chart below programs the trend of sales for the United States Mint silver bullion coins because 2000. Sales for 2015 are year to day through February 28, 2015. Ever before given that the monetary dilemma when the banking system can close to entirely imploding, sales of silver bullion coins have taken off by about 500 percent and also remained solid in spite of the so called recovery in the economic climate as well as banking system.While the sales of gold bullion coins has actually decreased since the economic dilemma, silver bullion coins remain as prominent as ever before with financiers seeking an establishment of worth in bodily valuable metals.The price of silver has actually decreased dramatically considering that the highs of 2011 as capitalists have actually left what feels like a shedding suggestion, especially in comparison to stocks and bonds which have been pumped up in worth by the Fed's easy money plans as well as zero interest prices. Silver has actually seen unstable cost action because the financial dilemma but most investors that have made acquisitions because 2008 are now at regarding a break even cost degree or resting with losses making this an appealing cost time for silver investors.Whether it be stocks, bonds, or rare-earth elements, it is classic psychological habits for capitalists to pile in on top as costs are getting to advancing market highs and afterwards reject to purchase at all-time low when everybody is bearish. No one can forecast the timing of future rate actions, yet with silver costs in the deal container as well as little interest by capitalists, this is most likely a location that should have added investment by long term acquire and also hold investors. Silver has actually been thought about cash and also an establishment of worth throughout the ages as well as this is not most likely to change, particularly as desperate and over indebted governments trust printing machine cash from the reserve banks to maintain the extremely over leveraged monetary system from collapsing again.The sales of silver bullion coins by year since 2000 is shown here. The numbers for 2015 include year to this day total amounts since February month end.American Silver Eagle Bullion Coins YEAR OUNCES OFFERED 2000 9,133,000 2001 8,827,500 2002 10,475,500 2003 9,153,500 2004 9,617,000 2005 8,405,000 2006 10,021,000 2007 9,887,000 2008 19,583,500 2009 28,766,500 2010 34,662,500 2011 39,868,500 2012 33,742,500 2013 42,675,000 2014 44,006,000 2015 8,552,000 TOTAL327,376,000

09/20/2015 00:05:25
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