By Maria Kolesnikova
Jan. 12 (Bloomberg) -- The surge in the U.S. Mint’s sales of American Eagle silver coins in January may signal an end to the bear market in the metal.
The CHART OF THE DAY shows the Mint sold 4.26 million ounces of the coins to authorized purchasers Jan. 3 through Jan. 10. At this pace, full-month deliveries may reach 14.2 million ounces, more than twice the record 6.422 million ounces sold in January 2011.
Silver futures fell 48 percent from April to December, more than double the 20 percent drop associated with the start of a bear market. Prices are up 6.9 percent this year. Silver may rise as high as $42.20 an ounce this year, according to the median of 41 analyst estimates in a Bloomberg survey last month.
Showing posts with label silver coin. Show all posts
Showing posts with label silver coin. Show all posts
12 January 2012
U.S. Mint Eagle Gold Coins May Pace Silver Sales, Dealer Says
By Maria Kolesnikova - Jan 12, 2012 8:49 AM GMT+0100
The U.S. Mint’s sales of American Eagle gold coins may keep pace with silver coins later this year, according to Dillon Gage Metals, one of 11 dealers authorized to purchase silver coins in the U.S. directly from the mint.
Following are comments from Terry Hanlon, president of the Addison, Texas-based company. He commented in a phone interview Jan. 10.
On silver and gold coins sales:
“Silver always gets more attention than gold at the beginning of the year. Those are coins that have had problems with allocations, more so than gold. The U.S. Mint has always geared up to provide enough gold.
The U.S. Mint’s sales of American Eagle gold coins may keep pace with silver coins later this year, according to Dillon Gage Metals, one of 11 dealers authorized to purchase silver coins in the U.S. directly from the mint.
Following are comments from Terry Hanlon, president of the Addison, Texas-based company. He commented in a phone interview Jan. 10.
On silver and gold coins sales:
“Silver always gets more attention than gold at the beginning of the year. Those are coins that have had problems with allocations, more so than gold. The U.S. Mint has always geared up to provide enough gold.
10 January 2012
People Want More Coins, That's A Good Sign For The Economy
by David Kestenbaum
All the instability in the global economy this year has been good for the United States Mint. People in search of a safe place to put their money have been buying gold and silver coins in record numbers.
"Precious metal coins were up $800 million dollars last year and that's approximately thirty some percent," says Richard Peterson, deputy director of the Mint.
All the instability in the global economy this year has been good for the United States Mint. People in search of a safe place to put their money have been buying gold and silver coins in record numbers.
"Precious metal coins were up $800 million dollars last year and that's approximately thirty some percent," says Richard Peterson, deputy director of the Mint.
27 December 2011
SilverDoctors: Ukraine to Issue Gold, Silver Investment Coins
SilverDoctors: Ukraine to Issue Gold, Silver Investment Coins: The Ukranian National Bank is launching production of Ukranian gold and silver investment coins. With a total first issue of 4-5 thousand c...
19 December 2011
4 Reasons Why Silver Should be in Your Portfolio
Christian Hudspeth
Thursday, December 15, 2011 1:00 PM
It's the best electrical conductor of any metal, and may soon replace the lithium-ion in batteries used in future Apple (NYSE: AAPL) iPhones and laptops.
It's highly reflective, making it a perfect choice for the increasingly popular photovoltaic solar panels.
It's strong enough to withstand thousands of pounds of pressure and continuous abuse, making it the metal of choice for ball bearings on jet engines.
Its antibacterial properties prevent infection and speed healing. It's even used to purify one of the few limited resources that we would literally die without -- water.
This metal is already a strong investment.
Oh yeah -- and it's one of only two metals the United States considers legal tender.
As you've probably realized by now, the super metal we've been talking about is actually silver, and there's no reason it shouldn't be part of your investment portfolio.
The case for silver-lining your portfolio
1. Because silver is used in more products and services around the world than gold, its value will be prolonged and preserved for decades -- even during crises or financial collapses.
Thursday, December 15, 2011 1:00 PM
It's the best electrical conductor of any metal, and may soon replace the lithium-ion in batteries used in future Apple (NYSE: AAPL) iPhones and laptops.
It's highly reflective, making it a perfect choice for the increasingly popular photovoltaic solar panels.
It's strong enough to withstand thousands of pounds of pressure and continuous abuse, making it the metal of choice for ball bearings on jet engines.
Its antibacterial properties prevent infection and speed healing. It's even used to purify one of the few limited resources that we would literally die without -- water.
This metal is already a strong investment.
Oh yeah -- and it's one of only two metals the United States considers legal tender.
As you've probably realized by now, the super metal we've been talking about is actually silver, and there's no reason it shouldn't be part of your investment portfolio.
The case for silver-lining your portfolio
1. Because silver is used in more products and services around the world than gold, its value will be prolonged and preserved for decades -- even during crises or financial collapses.
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