US Mint Silver Sales Break Annual Record
The United States Mint has officially sold a record amount of silver two years in a row. As of Monday, US Mint sales of American Silver Eagles for 2014 reached 42,864,000, surpassing the total annual sales of 42,675,000 in 2013. The US Mint temporarily sold out of Silver Eagles earlier this year and had to begin offering them on an allocated basis.
As you can see in this chart from Smaulgld, US Mint silver sales really took off seven years ago and have remained robust. We have every reason to believe that this record demand will continue in the coming years.
Get Peter Schiff’s latest gold market analysis – click here for a free subscription to his exclusive monthly Gold Videocast.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!