Just a
few days ago we noted the massive surge in physical gold coin sales from the
US Mint, with silver surprisingly lagging. Today, we see an even more dramatic
surge in the sales of physical Silver Coins in the first week of January,
which in a few short days hit 3.94 million oz, already surpassing the
entire December total of 1.64 million ounces. It seems that the
paper-to-physical currency rotation is gathering pace even as, or thanks to the
trillion dollar platinum coin mercifully ending its 15 minutes of page-clicking,
ad revenue infamy. In the secondary market, inventories (via
APMEX) of Silver coins remain negligible, if any: American Eagles are
available as follows: 2013s may be available 1/18, maybe not; 2012 -
0; 2011 - 0; 2010 - 0; 2009 -
0; 2008 - 0; 2007 - 0; 2006 -
0; 2005 - 0; 2004 - 0; 2003 -
0; 2002 - 0. They do have some 2000, 2001 and
2007, all about $5-6 over spot! It seems ever more people are getting nervous
about the impact of currency wars on their "money"... or perhaps
just want to make Silver shirts to attract the females?
(h/t Alex Gloy)
(h/t Alex Gloy)
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