{"id":56430,"date":"2021-01-14T08:16:16","date_gmt":"2021-01-14T13:16:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56430"},"modified":"2021-01-14T08:16:16","modified_gmt":"2021-01-14T13:16:16","slug":"silver-eagle-sales-explode-during-first-two-weeks-in-january","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56430","title":{"rendered":"Silver Eagle Sales Explode During First Two Weeks In January"},"content":{"rendered":"
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Silver Eagle Sales Explode During First Two Weeks In January<\/a><\/h3>\n<\/header>\n
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With the continued disintegration of the economic and financial system in 2021, investment demand for physical precious metals continues to be strong.\u00a0 After the U.S. Mint posted a stunning 2.7 million Silver Eagles sold during the first week in January, they just posted another update, which already blew past last year\u2019s figure by a wide margin.<\/p>\n

Remarkably, just the U.S. Mint Silver Eagle sales for the first two weeks in January accounts for 7% of the average monthly global silver mine supply.<\/strong>\u00a0 That\u2019s a lot of silver demand, considering the U.S. Silver Eagle sales are only a small segment of the total global silver market.\u00a0 As I have mentioned in several articles, if we see another record year of physical and ETF silver demand this year like we had last year, the silver price will likely surpass the $35 level.<\/p>\n

Now, according to the U.S. Mint\u2019s most recent update, they sold almost 2 million more Silver Eagles this week to the Authorized Dealers.\u00a0 Total Silver Eagle sales as of Jan 12th, are 4,646,000.\u00a0 Already, for the first half of the month, the U.S. Mint sold 800,000 more Silver Eagles than during the entire month last year.<\/strong><\/p>\n

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What\u2019s interesting about Silver Eagles, even though the quality of .999 silver is less than its closest competitor, the Canadian Silver Maple coin at .9999 silver, the premium is higher.\u00a0 Silver Eagle premiums can run $1+ more than a Canadian Silver Maple.\u00a0 But, for whatever reason, Americans continue to buy a lot more Silver Eagles than Silver Maples.<\/p>\n

With demand for silver investment reaching a record last year, Silver Eagle sales surpassed 30 million in 2020.<\/strong><\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

srsrocco report, us silver eagles, silver, silver coins, precious metals,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Silver Eagle Sales Explode During First Two Weeks In January With the continued disintegration of the economic and financial system in 2021, investment demand for physical precious metals continues to be strong.\u00a0 After the U.S. Mint posted a stunning 2.7 million Silver Eagles sold during the first week in January, they just posted another update, […]<\/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":[647,730,9569,12073,29162],"class_list":["post-56430","post","type-post","status-publish","format-standard","hentry","category-economics","tag-precious-metals","tag-silver","tag-silver-coins","tag-srsrocco-report","tag-us-silver-eagles"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56430","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=56430"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56430\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}