American Silver Eagle Bullion Coin Sales Soar To All Time Record
American Silver Eagle Bullion Coin Sales Soar To All Time Record High
With two days remaining in the month of January, U.S. Mint sales of the American Silver Eagle bullion coins have already established an all time record high. The latest numbers from the Mint show total sales of 7,420,000 silver bullion coins as January 29, 2013. Total sales during January 2012 amounted to 6,107,000 coins. During January 2011 (the previous monthly record high for silver bullion coin sales) the Mint sold 6,422,000 coins.
The public demand for silver seems insatiable. To put the unprecedented demand for silver into perspective, prior to the financial crisis of 2008, total yearly sales of the silver bullion coin averaged only about 9.5 million coins per year. With the Federal Reserve furiously printing money to keep the financial system glued together, investor demand for both physical silver and gold bullion is likely to increase dramatically.
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