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Showing posts with label us mint. Show all posts
Showing posts with label us mint. Show all posts

Wednesday, March 22, 2017

Silver mint sales skyrocket this week as gold to silver ratio remains at 70/1

There has been much discussion over the past 30-45 days of the decline in the purchasing of gold and silver bullion from the U.S. Mint.  And there are many factors that could be driving this decline in demand which include institutions going full bore into stocks (as we saw with the Dow going from 20,000 to 21,000 in record time), and also the fact that retail consumers are desperately out of money to buy non-necessity items.

But something interesting happened on Monday which may be showing that the past month's declines in silver buying was perhaps just a blip on the radar as reported sales on Monday, March 21 were alone more than three times the total amount of Mint silver sales from the previous week.

Image result for silver better investment than gold
Silver at just $17.50 per ounce remains about 1/ 70th of the price of gold at $1,230/oz today. This gold silver ratio of 70.3 continues to drive silver ‘stackers,’ value investors and those seeking a better return than gold to accumulate silver at what are seen at these still relatively cheap levels. 
This is seen in continuing robust demand for the very popular silver bullion coin this week. The U.S. Mint sold 715,000 of Silver Eagles ( 1 oz) this week, to bring the year to date sales totals for 2017 to a robust - 7,557,500 Silver Eagle coins. 
We have seen very robust demand for silver again this year, especially from clients in the UK and Ireland buying silver bullion coins (now VAT free) such as Silver Eagles. We are seeing even greater demand for Silver Maples and Silver Philharmonics. - Silverseek
US Mint Bullion Coin Sales (Number of coins)
Monday SalesLast WeekFeb SalesMar Sales2017 Sales
Silver Eagles
(1 oz)
715,000220,0001,215,0001,215,0007,557,500
Gold Eagles
(1 oz)
4,0002,50021,00010,000117,500
Gold Buffalos
(1 oz)
1,5002,50015,0004,50051,500

Saturday, April 23, 2016

The battle for gold acquisition is in high gear with individuals, elites, and central banks buying at record levels

Earlier today, SRS Rocco published an article on how gold bullion sales for April at the U.S. Mint are up 300% from the same month just a year ago, and this is just in the first three weeks of the month.

The telltale sign that something isn't right in the financial industry is a surge in Gold Eagle sales.  Last year, total Gold Eagle sales for April equaled 29,500 oz.  However, in just the first three weeks of April this year, Gold Eagle sales have reached 87,500.  This is three times last years figures and we still have another week remaining in the month:
But purchases from the U.S. Mint don't tell the whole story.  According to analyst and economist Jim Rickards this week, central banks as well as elites are purchasing their own gold stashes at record levels, in preparation for the fourth potential collapse of the global financial system in the past 100 years.
Countries are also acquiring gold in advance of a collapse of the international monetary system. The system has collapsed three times in the past century. Each time, major financial powers came together to write new rules. 
This happened at Genoa in 1922, Bretton Woods in 1944, and the Smithsonian Institution in 1971.  The international monetary system has a shelf life of about 30 years. 
It has been 30 years since the Louvre Accord (an upgrade to the Smithsonian Agreement). This does not mean the system will collapse tomorrow, but no one should be surprised if it does. When the financial powers next convene to reform the system, there will be no appetite for the dollar’s exorbitant privilege. 
The Chinese yuan and Russia ruble are not true reserve currencies. The only feasible benchmarks for a new system are the IMF’s world money, called special drawing rights, and gold. 
Critics claim there is not enough gold to support the financial system. That’s nonsense. There is always enough gold, it’s just a matter of price. 
Based on the M1 money supplies of China, the eurozone, and the US, and with 40pc gold backing, the implied non-deflationary price of gold is $10,000 per ounce. 
At that price, a stable gold-backed monetary system could be sustained.  When it comes to monetary elites, watch what they do, not what they say. 
While elites disparage gold at every opportunity, they are buying it, hoarding it, and preparing for the day when one’s gold determines one’s seat at the table of systemic reform. 
It’s past time to claim your seat with an asset allocation to physical gold. - Zerohedge

Monday, April 7, 2014

Physical silver purchases hit new record as paper price continues slide

According to the U.S. Mint, March sales of Silver Eagle one ounce coins set a new record at the same time paper spot prices for silver fell by more than $2.50 over the past 60 days.
In fact, the rise in gold and silver prices had been the second largest gainer in the overall market until deflation, slowdowns in China and other BRICS economies, and a Federal Reserve taper announcement began a sharp decline from a 19% gain in the first few months of 2014.
According to the recent update by the U.S. Mint, Silver Eagle sales hit a new record in March.  Sales of the U.S. Silver Eagle reached 4,476,000 at the end of the week.  Even though this surpassed the amount sold last year by over one million, the U.S. mint still has one final update to take place on Monday, March 31st.


Read more on this article here...

Wednesday, January 11, 2012

Don't be fooled on Silver: Mint sells high amounts of silver to public already in 2012

Welcome to 2012, where silver sales by the US Mint in the first few days have already outpaced sales in most full months of 2011.

In the first few days of 2012, the US mint has already sold 4.3 million ounces in silver coins. This is more than in all individual months of 2011 except for January and September, when the mint sold 6.4 million and 4.5 million ounces. Is the retail love affair with physical silver coming back with a vengeance? - Zerohedge


Courtesy of Zerohedge

As a validation of silver, the metal crossed back over $30 an ounce yesterday for the first time in over a month.