March 4, 2015
Sales of the US Mint American Eagle silver bullion coins went down greatly during February from both the previous month and similar previous year period.The US Mint reported complete sales of 3,022,000 ounces during February which is down by 19.4 percent from the equivalent previous year period and also down by a considerable 45.4 percent from the previous month. Because of solid January sales, nevertheless, overall sales of the silver bullion coins is up slightly by 0.3 percent on the year.There were 4 months during 2014 where monthly sales
of the silver bullion coins went down listed below the 3 million level but sales hit an all time document high of 44,006,000 troy ounces. Typical month-to-month sales of the silver bullion coins during 2014 was available in at about 3.6 million ounces monthly while the average month-to-month sales year to this day during 2015 is at 4.3 million ounces. The silver bullion coins continue to be very popular with rare-earth element investors in spite of the decrease in the price of silver given that 2011. Long-term silver capitalists assigning a section of their profile to physical rare-earth elements watch the current bargain price of silver as a chance to load up as confirmed by 2014 record breaking sales.The record below programs the trend of sales for the United States Mint silver bullion coins considering that 2000. Sales for 2015 are year to this day through February 28, 2015. Since the economic dilemma when the financial system can near completely falling in, sales of silver bullion coins have blown up by about 500 percent as well as continued to be strong regardless of the so called recovery in the economy and also banking system.While the sales of gold bullion coins has actually declined since the economic dilemma, silver bullion coins continue to be as prominent as ever with capitalists looking for an establishment of worth in bodily valuable metals.The cost of silver has actually decreased greatly since the highs of 2011 as capitalists have left just what looks like a losing proposition, particularly in comparison to stocks and bonds which have actually been pumped up in value by the Fed's gravy train plans and also zero interest prices. Silver has seen volatile cost activity given that the economic dilemma yet a lot of capitalists that have actually made purchases since 2008 are now at regarding a recover cost cost degree or sitting with losses making this an interesting rate juncture for silver investors.Whether it be stocks, bonds, or gold and silvers, it is traditional emotional behavior for capitalists to stack in at the leading as rates are getting to bull market highs and afterwards reject to purchase all-time low when every person is bearish. No person can predict the timing of future cost actions, however with silver costs in the deal container and little passion by investors, this is possibly a location that deserves added investment by long-term acquire and hold capitalists. Silver has been taken into consideration cash as well as a shop of value throughout the ages as well as this is not likely to transform, particularly as desperate and over indebted federal governments count after printing machine cash from the reserve banks to keep the hugely over leveraged financial system from crashing again.The sales of silver bullion coins by year considering that 2000 is shown here. The figures for 2015 include year to this day totals since February month end.American Silver Eagle Bullion Coins YEAR OUNCES SOLD 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
