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Something Big Just Happened in the U.S. Mint Gold Eagle Market

SOMETHING BIG JUST HAPPENED IN THE U.S. MINT GOLD EAGLE MARKET

Something BIG just happened in the U.S. Mint Gold Eagle Market this month.  Not only have Gold Eagle sales in the first three weeks of January surpassed last year’s total by a factor of three, but it’s also the highest figure since the 2008-2009 Financial Crisis.  While Silver Eagle sales have been the main focus of precious metals investors in the past year, Gold Eagle sales are now the new spotlight.

In my last update on Jan 14th, Gold Eagle Sales reached 141,000 oz, compared to 60,000 oz in the same month last year.

Thus, Gold Eagle sales on Jan 14th were already more than double the previous year, with still two weeks remaining in the month.  When the U.S. Mint updated their figures earlier today, they reported 62,500 oz sold in the past week.  Remarkably, the U.S. Mint sold more Gold Eagles in the last week than they did for the entire month last year.  The total Gold Eagle sales as of Jan 25th are 203,500 oz.

As we can see, the U.S. Mint has already sold more Gold Eagles this month than they did for the past three January’s combined.  Folks, this is a BIG DEAL.  Investors are concerned about the crazy Fed and Central bank money printing and stimulus that will continue to be pumped into the markets to prop up the U.S. and global economies.  The fundamentals for the precious metals will only get stronger.

However, we believe the metals and miners’ market prices will fluctuate due to HOW THE MARKET TRADES.  We provide updates on the technicals on the markets and metals to better understand the price movements.  Unfortunately, most precious metals analysts only forecast HIGHER PRICES.  This is a disservice to investors.  Nothing goes up in a straight line.

…click on the above link to read the rest of the article…

U.S. MINT GOLD COIN SALES ALREADY DOUBLE vs. 2019: Best BUY PRICES For Gold Eagle & Buffalo Update

U.S. MINT GOLD COIN SALES ALREADY DOUBLE vs. 2019: Best BUY PRICES For Gold Eagle & Buffalo Update

Sales of the U.S. Mint Gold Eagle and Buffalo coins are already double what they were for full-year 2019.  And, with the Fed and central banks continuing to print money hand-over-fist, I doubt the demand for gold coins will diminish anytime soon.

Interestingly, sales for precious metals bullion retail products, according to Dan at Cloud Hard Assets, are running about 60% for gold and 40% for silver (total value, not ounces).  Investors would be buying more silver, but due to the backlog and shortage of retail silver bullion products, individuals are being forced to buy more gold.

According to the U.S. Mint’s most recent update, sales of 2020 Gold Eagles totaled 332,000 oz compared to only 152,000 oz for 2019.  Furthermore, Gold Buffalo coin sales have reached 117,500 oz versus only 61,500 for 2019. Again, we are only five months into 2020, so it will be interesting to see what demand for these U.S. Gold coins will be for the remainder of the year.

Investors looking to acquire Gold Eagles and Buffalos are still paying high premiums.  In comparing the premiums for 2020 Gold Eagles and Buffalos, the best value that I could find from the leading online dealers is about 8%.  However, the Gold Buffalo coin premiums were even higher.

Here is an update on the BEST BUY PRICES for 2020 Gold Eagles and Buffalos from the leading online dealers’ vs. CLOUD HARD ASSETS (Prices below based on $1,745+ gold spot price early Thursday):

As you can see, it’s important to compare the prices of gold bullion products (and services).  Moreover, I am putting together a spreadsheet comparing the top online dealers’ Silver Eagle premiums vs. CLOUD HARD ASSETSToday, the top online dealers 2020 Silver Eagle premiums are running about 59% of the current spot price vs. 39% for CLOUD HARD ASSETS. Again, it’s wise to compare prices and services at the different precious metals dealers.

…click on the above link to read the rest of the article…

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