US Mint Sells Nearly 3/4 MILLION SILVER EAGLES 1st Day of October!

[Large Sarge]

US Mint Sells Nearly 3/4 MILLION SILVER EAGLES 1st Day of October!
Yesterday 10/3, the US Mint sold a whopping 737,000 Silver Eagle 1 oz coins in a single day!
To put this number in perspective, in Dec of 2010 with silver in the mid $20's, the US Mint sold a total of 1,772,000 Silver Eagles FOR THE ENTIRE MONTH OF DECEMBER! Yesterday, on 10/3, with the spot price of silver approximately $31/oz, the US Mint sold 737k Eagles, or 42% of sales for ALL of December 2010!

Sales totals for September are now in as well, at a massive 4,460,500 ounces for the month, the highest monthly sales total since January 2011 (during a massive take-down...seeing the connection here) by nearly 50%!!

If the yesterday's sales pace is continued throughout the rest of 2011 (not to mention the increase we would see with any further sell-off), the US Mint Silver Eagle sales would be nearly 50 Million ounces for the LAST QUARTER OF 2011!

In 2010, the US Mint sold a record 34.662 Million Silver Eagle 1 oz coins.

You sure you want to challenge $20 Blythe?
What will daily Silver Eagle sales look like then? 1 M oz? 2 M oz? 5 M oz?





2011 Silver Sales Totals (in ounces / number of coins) Month One
( oz. / #coins )
January 6,422,000
6,422,000
February 3,240,000
3,240,000
March 2,767,000
2,767,000
April 2,819,000
2,819,000
May 3,653,500
3,653,500
June 3,402,000
3,402,000
July 2,968,000
2,968,000
August 3,679,500
3,679,500
September 4,460,500
4,460,500
October 737,000
737,000
Total 34,148,500
34,148,500

US Mint Silver Stats

[Ares]

That's because it's worthless. Look at the spot price, what a worthless metal. Next thing you know they'll be sweeping up gold and silver out of the streets and burning it to stay warm in the winter.

[Gaillo]

That's because it's worthless. Look at the spot price, what a worthless metal. Next thing you know they'll be sweeping up gold and silver out of the streets and burning it to stay warm in the winter.

Plus, precious metals aren't backed by the full faith and trust of the U.S. Government! ::)

[Ares]

Plus, precious metals aren't backed by the full faith and trust of the U.S. Government! ::)

No kidding, I mean really who wouldn't want something that's not backed by the full faith and credit of the U.S. Government? Bunch of chumps.

[ximmy]

They play their games... we play ours... ;D

[osoab]

So basically the dealers are stocking up for a nice ramp job in the price? When we head back to 40 FRN level a nice 25% profit will be achieved before any other markups.

[Large Sarge]

something has to give with the silver market soon, that story on "not enough airplanes to bring phys silver to india"

and stories like this..

the silver market is so small, we are seeing just a toe dipped into the deep end, if the investing public puts a foot into the silver pool, the price will go bonkers/and/or we will have wide spread shortages, and a default...

this is the beginning though, almost a million ounces sold in one day, from one mint.....

unbelievable...

(total world silver production is 730 million ounces)

of that, investment is a tiny fraction...

[VX1]

THE LARGEST TRANSFER OF WEALTH IN HUMAN HISTORY

Livin' it, lovin' it.

[Neuro]

THE LARGEST TRANSFER OF WEALTH IN HUMAN HISTORY

Livin' it, lovin' it.
Yeah me too, but the largest transfer of wealth in human history, occurred between the battle of Waterloo and today, where the banksters stole around 90% of the wealth of the world in return for debt slavery...