Tuesday, February 1, 2011

US Mint Sells Absolute Record 6.4 Million Ounces Of Silver In January

Wow!!  We have been following US Mint silver sales closely this month.  The final January sales for silver have come in at a whopping 6.4 million ounces, destroying all previous records. 

I feel like a broken record trying to explain the bullion banks do themselves no favors by pushing spot prices down, while Central Banks have openly announced currency wars.  You do not need to be a rocket scientist to realize currency wars will create huge inflation in gold, silver, food and oil. 

The Federal Reserve will continue with their easy money policies, there is nothing else they can do.  We understand gold and silver have been manipulated for years, adding fuel to the fire.  Can you say perfect storm? 

Moving forward we will continue seeing a tug of war between  physical and paper markets.  Ultimately the physical market will win and we will see a complete disconnect between paper and physical.  This will be a bull market for the history books.

2 comments:

  1. Where do you track US mint sales of Silver?

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  2. On the US Mint website. Here is a direct link.


    http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2011

    Thanks

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