March 4, 2015
Sales of the United States Mint American Eagle silver bullion coins lost dramatically during February from both the previous month and equivalent previous year period.The United States Mint reported total sales of 3,022,000 ounces throughout February which is down by 19.4 percent from the similar prior year duration as well as down by a significant 45.4 percent from the previous month. Because of solid January sales, however, total sales of the silver bullion coins is up a little by 0.3 percent on the year.There were four months throughout 2014 in which monthly sales
of the silver bullion coins dropped below the 3 million degree and yet sales struck a perpetuity document high of 44,006,000 troy ounces. Typical regular monthly sales of the silver bullion coins during 2014 was available in at regarding 3.6 million ounces per month while the typical month-to-month sales year to this day throughout 2015 is at 4.3 million ounces. The silver bullion coins stay extremely popular with valuable metal financiers regardless of the decline in the rate of silver given that 2011. Long-term silver capitalists alloting a portion of their profile to physical rare-earth elements view the current deal price of silver as an opportunity to load up as evidenced by 2014 record damaging sales.The graph below shows the fad of sales for the US Mint silver bullion coins considering that 2000. Sales for 2015 are year to this day through February 28, 2015. Since the monetary dilemma when the banking system can near to completely imploding, sales of silver bullion coins have blown up by about 500 percent as well as remained strong in spite of the so called recuperation in the economic climate and also banking system.While the sales of gold bullion coins has decreased considering that the economic dilemma, silver bullion coins remain as preferred as ever before with investors looking for an establishment of value in physical valuable metals.The cost of silver has actually decreased greatly since the highs of 2011 as investors have left exactly what feels like a shedding recommendation, particularly in comparison to stocks and bonds which have been inflated in value by the Fed's easy money plans as well as zero rates of interest. Silver has seen unpredictable cost activity because the financial situation however most capitalists who have actually made purchases given that 2008 are currently at concerning a break even price degree or resting with losses making this an appealing rate point for silver investors.Whether it be stocks, bonds, or precious metals, it is traditional psychological actions for investors to pile in on top as prices are reaching advancing market highs and afterwards choose not to purchase all-time low when everybody is bearish. No person can forecast the timing of future cost actions, yet with silver costs in the bargain bin and also little passion by capitalists, this is possibly an area that is entitled to additional investment by long-term purchase as well as hold financiers. Silver has been considered money and a store of value throughout the ages and this is not likely to transform, specifically as desperate and also over indebted governments trust printing press cash from the central financial institutions to keep the wildly over leveraged financial system from crashing again.The sales of silver bullion coins by year considering that 2000 is shown here. The numbers for 2015 consist of year to date total amounts as of February month end.American Silver Eagle Bullion Coins YEAR OUNCES OFFERED 2000 9,133,000 2001 8,827,500 2002 10,475,500 2003 9,153,500 2004 9,617,000 2005 8,405,000 2006 10,021,000 2007 9,887,000 2008 19,583,500 2009 28,766,500 2010 34,662,500 2011 39,868,500 2012 33,742,500 2013 42,675,000 2014 44,006,000 2015 8,552,000 TOTAL327,376,000
