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Decline in Silver Eagle Sales
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05-07-2012, 09:58 PM
Post: #1
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Decline in Silver Eagle Sales
I came across this chart show the decline in demand of ASE. It was from the mint and they are indicating there will be no shortages. They are ready for increased demand.
Here is a quote: "This year, the US Mint was able to release the 2012-dated Gold and Silver Eagles on January 3, with no rationing imposed on authorized purchasers. Although sales were strong in January, through the first four months of the year, Silver Eagle bullion coin sales are down 23.53% from the prior year and Gold Eagle bullion coin sales are down 43.22%. On the numismatic front, the 2012 Proof Gold and Silver Eagles were launched early in the year and offered without household ordering limits. The Mint is even planning to offer a special San Francisco Silver Eagle Set with an unlimited mintage during a specified ordering period, among other expected precious metals numismatic offerings. Does this close the chapter on Silver Eagle shortages and “unprecedented demand”? Or is this just a brief lull in a longer ongoing saga?"
Those who are unwilling to invest in the future haven't earned one. ~H.W. Lewis |
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05-08-2012, 07:11 AM
(This post was last modified: 05-08-2012 07:12 AM by EL34.)
Post: #2
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RE: Decline in Silver Eagle Sales
Probably just the lack of interest in the metals in general.
Look at the red volume levels at the bottom of this screen shot This is from jan this year to present How's the stack hanging? |
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