2012 worthless Silver Sales Up across the board... TPTB say dollars Mo Betta!

[ximmy]

Silver takes off in January!!! The manipulators continue to hold it down hoping people flee back to the dollar... :D Please disregard the facts below and sell your worthless silver... ;D

Gold And Silver Strong In January—What Now?

Through the COMEX close on Monday, January 30, the prices of gold and silver had increased more than 10% and 20% over the course of the month. Had these results been realized by any of the major stock indices, you can be sure they would garner headline coverage. But strong markets in gold and silver continue to receive comparatively minimal reporting by the mainstream financial media.

Actually, the value of gold and silver haven’t changed at all. Ounces of physical gold and silver are still worth the same today as they were a month ago. What has changed is that the values of paper currencies, stocks, and bonds have mostly fallen in January.

http://www.coinweek.com/bullion-report/gold-and-silver-strong-in-january—what-now/

Silver coin sales hit record pace

Less than one year after silver's breathtaking collapse from its record-setting rally, investors are again snapping up coins at an unprecedented pace, suggesting the white metal could leave gold in the dust.

Even before the U.S. Federal Reserve's promise of further stimulus rejuvenated interest in precious metals last week, U.S. retail investors were already buying up freshly minted coins in droves, undaunted by last year's painful volatility. Gold coin sales, while rising, have been far less robust.

http://uk.reuters.com/article/2012/01/30/uk-silver-physical-demand-idUKTRE80T1OY20120130?feedType=RSS&feedName=GCA-GoogleNewsUK


“Record Breaking” Demand For Silver Bullion

Sales of American Silver Eagle bullion coins by the US Mint may hit an all time record in January. As of January 30th, the Mint has already sold 6,082,000 bullion coins. The previous all time record for sales occurred in January 2011 when sales were 6,422,000 ounces.

http://goldandsilverblog.com/silver-prices-will-soar-to-record-levels-in-record-breaking-demand-for-silver-bullion-0343/

[Shami-Amourae]

ROCK SOLID CURRENCY!!!1!


http://www.youtube.com/watch?v=E9UXictk5Lg


http://www.youtube.com/watch?v=GFA7FjjbG2Q


http://www.youtube.com/watch?v=PIT_-Dy1jrY

[ximmy]

Please disregard these numbers... Paper Dollars are good for you!

2002 - 10,539,026 Bullion American Silver Eagles were sold.
2003 - 8,495,008 Bullion American Silver Eagles were sold, silver averaged $4.88 an ounce for the year.
2004 - 8,882,754 Bullion American Silver Eagles were sold. For 2004 the average cost of an ounce of silver was $6.67.
2005 - 8,891,025 Bullion American Silver Eagles were sold. Silver averaged $7.32 an ounce.
2006 - 10,676,522 Bullion American Silver Eagles were sold. Silver averaged $11.55 an ounce
2007 - 9,028,036 Bullion American Silver Eagles were sold.
2008 - 20,583,000 Bullion American Silver Eagles were sold. Silver averaged $14.99 an ounce and almost 80% more Bullion American Silver Eagles were sold then in any previous year.
The US Mint suspended sales of the silver bullion coins to its network of authorized purchasers twice during the year.
In March 2008, sales increased nine times over the month before - 200,000 to 1,855,000.
In April 2008, the United States Mint had to start an allocation program, effectively rationing Silver Eagle bullion coins to authorized dealers on a weekly basis due to "unprecedented demand."
On June 6, 2008, the Mint announced that all incoming silver planchets were being used to produce only bullion issues of the Silver Eagle and not proof or uncirculated collectible issues.
The US Mint is required by law to mint the bullion Silver Eagles to meet public demand for precious metal coins as an investment option. The numismatic versions of the coin (proof and uncirculated) were added by the Mint solely for collectors.
The 2008 Proof Silver Eagle became unavailable for purchase from the United States Mint in August 2008.
2009 - 30,459,000 Bullion American Silver Eagles were sold
On March 5, 2009, the United States Mint announced that the proof and uncirculated versions of the Silver Eagle coin for that year were temporarily suspended due to continuing high demand for the bullion version.
On October 6, 2009, the Mint announced that the collectible versions of the Silver Eagle coin would not be produced for 2009.
The sale of 2009 Silver Eagle bullion coins was suspended from November 24 to December 6 and the allocation program was re-instituted on December 7.
Silver Eagle bullion coins sold out on January 12, 2010.
The average cost of an ounce of silver in 2009 was $14.67
2010
No proof Silver Eagles were released through the first ten months of the year, and there was a complete cancellation of the uncirculated Silver Eagles.
Production of the 2010 Silver Eagle bullion coins began in January instead of December as usual. The coins were distributed to authorized dealers under an allocation program until September 3.
In 2010 the US Mint sold 34,700,000 Bullion American Silver Eagle Coins.
2011
According to the USGS’s most recent Silver Mineral Industry Survey, silver production fell to 37 tonnes in October - compared to 53 tonnes year over year (yoy).
In 2011, the United States produced approximately 1,054 tonnes of silver – down from 2010’s production of 1,154 tonnes and down from 2007’s production of 1,163 tonnes.
The US imported 6,600,000 oz of silver for consumption in 2011 – up from 2007’s imports of 4,830,000 oz.
In 2011 the US Mint sold 39,868,500 Bullion American Silver Eagle Coins.
2011 was the first year in which official coin sales will surpass domestic silver production.
Jeff Clark of Casey Research writes “For the first time in history, sales of silver Eagle and Maple Leaf coins surpassed domestic production in both the US and Canada. Throw in the fact that by most estimates less than 5% of the US population owns any gold or silver and you can see how precarious the situation is. A supply squeeze is not out of the question – rather it is coming to look more and more likely with each passing month.”
2012
United States Mint Authorized Purchasers (AP’s) ordered 3,197,000 Bullion American Silver Eagle Coins on January 3rd, the first day they went on sale. That opening day total catapulted January Bullion Eagle sales higher than half of the monthly totals in 2011.


More: http://www.silverseek.com/article/silver-eagles-soar

[ximmy]

2001 – $4.58 no change
2002 – $4.80 + 4.8 percent
2003 – $5.95 +24 percent
2004 – $6.81 +14.3 percent
2005 – $8.82 +29.6 percent
2006 – $12.82 +45.3 percent
2007 – $14.80 +15.4 percent
2008 – $11.27 -26.8 percent
2009 – $16.82 +49.3 percent
2010 – $30.91 +83.7 percent
2011 – $27.88 -9.8 percent
2012 - $BAM!

http://www.numismaticnews.net/article/silver-buyers-go-for-american-eagle

[Neuro]

2001 – $4.58 no change
2002 – $4.80 + 4.8 percent
2003 – $5.95 +24 percent
2004 – $6.81 +14.3 percent
2005 – $8.82 +29.6 percent
2006 – $12.82 +45.3 percent
2007 – $14.80 +15.4 percent
2008 – $11.27 -26.8 percent
2009 – $16.82 +49.3 percent
2010 – $30.91 +83.7 percent
2011 – $27.88 -9.8 percent
2012 - $BAM!

http://www.numismaticnews.net/article/silver-buyers-go-for-american-eagleI'll stick my neck out!

I do think 2012 is gearing up to be a record year in Silver bullion. I would be surprised if POS didn't advance more than 100%, and ended up at more than $60 at the end of the year

[ximmy]

sell!, sell!!, sell!!!

'Silver is a Commodity in Surplus and There is Little Indication That Will Change Anytime Soon'

Prices this year are not expected to be driven up by silver’s industrial personality. HSBC predicts that industrial demand will likely support prices, but expects growth to be moderate. ScotiaMocatta made similar predictions citing cautious consumers and the outlook for a difficult 2012 as reasons for softening fabrication demand though new applications may result in modest growth.
Mining production was expected to increase by 30 million ounces in 2011 and by a similar amount this year. Production from recycling has been on the rise and is expected to continue in 2012. Silver is a commodity in surplus and there is little indication that will change anytime soon.
TD Securities predicts that oversupply is a risk for prices.”In the past, silver’s industrial side has generated deep corrections for the white metal and we don’t expect it will be much different this time around, with a correction to materially below $25/oz entirely possible,”the firm said.

http://silverdoctors.blogspot.com/2012/02/banksters-silver-is-commodity-in.html

In other news the US Mint continues to hold off sales of silver coins pending re-pricing... ;D

This product is temporarily unavailable for product repricing.

http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=8305

[Neuro]

What they mean when they say that silver is in surplus, is that you may still be able to find a bar or two in a COMEX warehouse, that fell of the truck and landed and hid in the huge pile of paper IOU's!

[Sparky]

Dammit, I can't believe I wasted 10 bucks apiece for those stupid Eagles.