{"id":51584,"date":"2020-03-05T11:36:34","date_gmt":"2020-03-05T16:36:34","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51584"},"modified":"2020-03-05T11:36:39","modified_gmt":"2020-03-05T16:36:39","slug":"u-s-mint-silver-eagle-sales-surge-first-three-days-in-march-due-to-global-contagion","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51584","title":{"rendered":"U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/u-s-mint-silver-eagle-sales-surge-first-three-days-in-march-due-to-global-contagion\/\">U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When investors become increasingly concerned about the financial system, they rush into physical precious metals.&nbsp; And, this is precisely what we see taking place at the U.S. Mint as sales of Silver Eagles surged in the first three days of March versus the entire month of February.&nbsp; The U.S. Mint hasn\u2019t seen this type of buying for several years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the past three years, annual Silver Eagle sales fell below 20 million, reaching a low in 2019.&nbsp; However, that may all change this year as the global contagion spreads, motivating investors to shed paper assets and move into physical precious metals.&nbsp;<strong>For sure, investors should be worried when the Fed starts to do \u201cLIQUIDITY BOMBS\u201d via its Repo Operations as stated by Sven Heinrich, the Northman Trader<\/strong>:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/03\/Sven-100-Billion-Liquidity-Bomb-Tweet.png\" alt=\"\" class=\"wp-image-21552\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">While the Primary Dealers submitted requests for $111.478 billion this morning, the Fed accepted $100 billion.&nbsp; Add that to the single-day Repo of another $100 billion yesterday, which I wrote about in my article; FED<a href=\"https:\/\/srsroccoreport.com\/fed-repo-injections-hit-record-level-global-contagion-negatively-impacting-financial-markets\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>&nbsp;REPO INJECTIONS HIT RECORD LEVEL: Global Contagion Negatively Impacting Financial Markets<\/strong><\/em><\/a>.&nbsp; The Fed Repo Operations yesterday purchased $100 billion (overnight) and a $20 billion (two-week period) for a total of $120 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On top of the record Fed Repo Operations, then there was the \u201cEMERGENCY\u201d 50 basis point rate cut yesterday that should have pushed the markets up considerably.&nbsp; However, the Dow Jones Index fell nearly 800 points by the end of trading\u2026 a very bad sign indeed.&nbsp; While the Dow has recovered this morning, I believe this is only a temporary situation as the global contagion continues to spread negatively impacting the world\u2019s supply chain.&nbsp; Let\u2019s face it; the worst is yet to come.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion When investors become increasingly concerned about the financial system, they rush into physical precious metals.&nbsp; And, this is precisely what we see taking place at the U.S. Mint as sales of Silver Eagles surged in the first three days of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[29011,647,12073,23808,3564],"class_list":["post-51584","post","type-post","status-publish","format-standard","hentry","category-economics","tag-covid-19","tag-precious-metals","tag-srsrocco-report","tag-sven-henrich","tag-us-mint"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51584"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51584\/revisions"}],"predecessor-version":[{"id":51585,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51584\/revisions\/51585"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}