Americans continue to buy a great deal of silver and gold bullion, with a large percentage coming from Canada. It’s truly amazing how much of the Royal Canadian Mint’s Silver and Gold Maples are purchased by Americans. With both Silver and Gold Maple Leaf sales up considerably this year, the majority are shipped south to U.S. investors.
In this new youtube video, I show how the Royal Canadian Mint produced the largest amount of Official Silver coins in the world last year, but exported most of them… with 70-75+% being acquired by American precious metals investors.
As mentioned in the video, CLOUD HARD ASSETS is selling brand new 2021 Canadian Silver Maples at only $4.70 over spot.
You can contact Tom, Dan, or Jade… Click here: CLOUD HARD ASSETS. You can also call (800) 247-2812.
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Steve,
On your chart “Global Bond & Equity Values vs. Total Known Above Ground Public & Private Silver Investment Value 2020,” you show, approximately, $229 Trillion Total Equity and bonds and $130 Billion of Total Known Silver Investment and (in the red box), you show Total Silver Value vs Bonds and Stocks as 0.05%
But when I do the calculation:
130,000,000,000 / 229,000,000,000,000
I get about 0.0005%
Is your percentage of 0.05% incorrect?
Rethinking my comment above, I think I was not considering the percentage in terms of a whole number (like 0.25 is 25%).
0.0005 is the decimal equivalent of 0.05%, in which your number is correct. Right?
Anyway, with silver at such a tiny fraction, it’s amazing there’s any silver available at all!
0.0567%
More likely .025 to .035 of the population actually own any of the ounces listed above. I know when the people I know buy silver, they aren’t buying 1-5 ounces they are buying full tubes and boxes. One monster box sold mean hundreds don’t even have the opportunity to buy one ounce.
“One monster box sold mean hundreds don’t even have the opportunity to buy one ounce.”
Except retail supply exceeds demand; many sites like this one where a person can buy less that a tube [1-24 ounces]. At this moment this dealer is out of 2021’s but one year is as good as another.
https://www.jmbullion.com/2019-canadian-silver-maple-leaf/
There are plenty of online dealers offering 1-19 or 1-24 [20 or 25 is a full tube] of Silver Eagles, Maples, Krugerrand, Kangaroos, Britannia’s, Philharmonics, etc. The buyers of tubes or boxes are not limiting the buyer who just gets a few coins.
gno,
Yes, when we divide $130 billion by $229 trillion, it equals 0.000567. However, we have to multiply that by 100 to get a percentage. We just move the decimal point over two places to be 0.05%.
steve
When you mention Canadian mint products, how much is being bought for the Sprott ETF?
DisappearingCulture,
Sprott is likely buying 1,000 wholesale bars and storing them at the Royal Canadian Mint. I doubt Sprott is buying Canadian Silver Maple coins or bars, the premiums are too high. Also, you will notice that most of the Royal Canadian Mint Silver Bullion sold each year is exported.
steve