Gold Eagle sales surged in March and April as investor concerns of the global contagion spread to the United States. Demand for Gold Eagles in February fell to only 7,000 oz but surged to a record monthly high in March. The U.S. Mint sold 151,000 oz of Gold Eagles in March, nearly the same amount sold during full-year 2019.
Even with the temporary shut-down of the U.S. Mint in April, another 101,500 oz of Gold Eagles were sold during the month. Thus, total Gold Eagle sales of 320,000 oz for 2020 is more than double the 151,000 oz sold during full-year 2019:
Furthermore, the U.S. Mint has also sold another 750,000 Silver Eagles in April. Unfortunately, Silver retail bullion products are still in short supply, with availability pushed back 4-6 weeks.
I briefly spoke with Tom Cloud at CLOUD HARD ASSETS yesterday, and he told me that the demand for physical precious metals continues to be very strong this week. He also shared with me that CLOUD HARD ASSETS has Gold Eagles now available at lower premiums than most of the top online competitors.
Here is an updated Gold Eagle Buy Price chart of the four leading online dealers vs. CLOUD HARD ASSETS:
Tom said they were selling these newly arrived Gold Eagles at 8% over spot, which would be $1,847 based on a $1,710 gold spot price. Moreover, CLOUD HARD ASSETS also has the lowest premiums for Silver Eagles versus the leading online dealers:
I was still quite surprised to see one of the larger online dealers still selling Silver Eagles for a nearly $12 premium above spot. So, it’s wise to shop around for not only the best prices but also the best service.
Please also check the following prices for CLOUD HARD ASSET bullion products versus the competitors:
Silver Eagles ($7.50 over spot) – 2 week delivery time
Silver Misc Private 1 oz Rounds ($3.60 over spot) – 4 week delivery
Silver Misc Private 5 & 10 oz Bars ($3.60 over spot) – 4 week delivery
Silver Kilo Bars ($3.60 over spot) – 3 week delivery
Silver Misc. Kangaroos ($4.50 over spot) – 3 week delivery
Silver Philharmonics ($5.50 over spot) – 4 week delivery
Silver 1,000 oz Bars ($1.20 over spot) limited
Gold Eagles (8.0% over spot) – good availability
Gold Buffalo (8.0% over spot) – 2 weeks
Gold Philharmonic (7.25% over spot) – limited inventory
Gold Kangaroos (7.0% over spot) – 2 weeks
Gold Kilo Bars (4.0% over spot) – good inventory
You can contact Tom or Dan at CLOUD HARD ASSETS here: PRECIOUS METALS INVESTING.
IMPORTANT NOTE: There is a reason I sponsor Tom Cloud on my site because I believe he is one of the most honest and upfront precious metals dealers in the industry. Not only does Tom offer some of the best rates to purchase gold and silver, but also whenever someone sells metals back to him, HE DOES NOT CHARGE A COMMISSION. The overwhelming majority of precious metals dealers charge a commission to buy back gold and silver.
I challenge you to check for yourself.
Also, if you need to store metal at a secure facility, Tom offers some of the lowest storage rates in the industry. TOM DOES NOT MAKE MONEY OFF HIS CLIENTS PRECIOUS METALS STORAGE. The overwhelming majority of precious metals dealers add an additional percentage to store their clients gold and silver.
I challenge you to check for yourself.
Tom Cloud has been in the precious metals business for 46 years, since 1973. He has a lot of experience in the precious metals industry and understands the gold and silver market better than most dealers in the industry.
If you are new to the precious metals market and had questions, Tom Cloud would be happy to answer any questions.
DISCLAIMER: While Tom offers information about precious metals, you should not take this as investment advice. You should contact a professional advisor and or do your due diligence before making investment decisions.
If you are new to the SRSrocco Report, please consider subscribing to my: SRSrocco Report Youtube Channel.
DISCLAIMER: SRSrocco Report provides intelligent, well-researched information to those with interest in the economy and investing. Neither SRSrocco Report nor any of its owners, officers, directors, employees, subsidiaries, affiliates, licensors, service and content providers, producers or agents provide financial advisement services. Neither do we work miracles. We provide our content and opinions to readers only so that they may make informed investment decisions. Under no circumstances should you interpret opinions which SRSrocco Report or Steve St. Angelo offers on this or any other website as financial advice.
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Way too rich for my blood! Still, glad I was able to get what I was….last of which was an ounce for $1323 delivered straight to my door…about this time last year.
More trouble ahead with gold supply and price availablity
There you go again..nothing to see here folks just another thinly veiled commercial for Tom Cloud…
Why do I bother to keep opening these. I use to open them because of the GREAT content. Conehead like analysis and an occasional nod to Tom Cloud But now it’s like click bait for dummies. We all know where to get our silver…lol cause we already have it if your smart.
As for gold if you can afford gold and hawk gold you don’t need our support…just one mans thoughts.
Maybe that’s why your losing individual sponsors…
This message is for Rocco, you will never see it!
LR: “lol cause we already have it if your smart.”
LOL. Your is the second person possessive adjective, used to describe something as belonging to you. Your is always followed by a noun or gerund. You’re is the contraction of “you are” and is often followed by the present participle (verb form ending in -ing).
I appreciate very much what Rocco has done for us.
A few questions before my comment.
1) Have you ever supported the SRSrocco Report site, via donation or membership?
2) Do you think this website is only here for you or longtime members, or is it also for new followers?
3) Do you have any idea of the amount of Fraud, Corruption, and Highway Robbery in our Resource & Precious Metals Industry?
While the overwhelming majority of followers come to the SRSrocco Report to get new information and analysis, only a small percentage support the SRSrocco Report. I hear the most complaints from followers who don’t support the website. I find that quite interesting. It seems some people like to get things for FREE and then complain about it.
Most websites that provide content have a subscription service. I have not done that. I try to put out the information for the public’s benefit. However, it takes a lot of time to do the research, put together the charts and graphs, and to write articles and make videos. So, I really appreciate those who support the website.
This website will repeat information because there are NEW FOLLOWERS showing up all the time. So, if we look at the world, not in a SELFISH MANNER, we should be thoughtful of these new followers. I have seen this complaint many times before. But, again… it’s usually from individuals who believe the world revolves around themselves.
There are a lot of people, for whatever reason, who have not yet purchased precious metals. So, if we are going to be GOOD STEWARDS, we should allow them the best opportunities to acquire the metal.
Lastly, some followers here who have emailed me, know a LITTLE of the Fraud, Corruption, and Highway Robbery that takes place DAY IN and DAY OUT in the Resource-Precious metals industry. I could write a book and share some HORROR Stories, but out of professionalism, I keep quiet.
I support you Steve! I’m one of your Patrons! (thumbs up!!!)
Steve is so right, and many of us out here know it, when it comes to fraud, it abounds. While I lived in Melbourne, FL, I bought a lot of precious metals from a very fine shop(next to a Home Depot), and very knowledgable man who owned it. Extremely honest. And, if he liked you as a person, he would always give you good deals. Even for a stranger, he never overcharged anyone. His premiums were always some of the lowest. He took cash and checks. I once asked him why he never did mail order to folks. He said he tried in the beginning, but so many packages disappeared via UPS, Fed X, and USPS. Lots of smart thieves out there. And, also that once received, it was fake, or not what it was supposed to be. He got tired of dealing with all of the fraud, so, basically, cash and carry for him. I have another shop in my new town, and they are just as honest. And, both shops always bought back with very little premiums charged(when I needed some cash for a nice used car, or something). If you find a good & honest shop, stick with them. Nothing like a personal relationship in this kind of business. I always read Steve’s site, and a few others today, but not near the sites I use to visit. Steve is so right….. always some idiots trying to upstage him, and the other sites. They are here just to be mean, I believe.Just unhappy folks, for sure. Thanks for all Steve. Will get back on the Patron app soon….. had a fraud on that card, and cancelled it. RS
Right on Steve. I’d like to up my monthly membership, if you could reach me offline. Thanks again for your analysis and articles
Art Berman on the death of US oil.
Well… Now that’s about as candid a prognosis I’ve ever heard from Art.
He has confirmed what most of us on this site already knew. This is going to play out horribly except of course for the stock market. News like this should send it to the moon. It goes to show you how fucked up these so-called markets are. The old Soviet Union had nothing on us. This country will be unrecognizable in the very near future.
The consumer demand isn’t there.
Steve, thank you for everything that you do! You are one of the very few serious well researched analysts out there. Let the idiots move on and find their destiny elsewere.
can’t believe these bullion dealers still charge so much premium for their shiny things.
even though gold has gone down their premiums are still high. scoundrels.
It’s a free marketplace, and they are businesses in that marketplace. As long as they deliver what they sell, it is up to customers to buy elsewhere if they find a better price.
Do the US and Royal Canadian Mint charge more premium?
You are correct. It is a free market. Let the BUYER find the best prices and services.
However, we do know that there have been several dealers that went BELLY-UP and cost investors a lot of money. So, it’s wise nowadays to make sure your dealer PROTECTS your funds until the metal is shipped. But, some people may have to learn that the HARD WAY.
Furthermore, some dealers have been TACKING on ONE HELL of a LARGE FEE to store their clients’ precious metals. One individual called up Tom Cloud after seeing our video on CLOUD HARD ASSETS Storage Service and Fees. He couldn’t believe what he was paying to store metals with another WELL-KNOWN COMPETITOR. When he called up his dealer to find out why he was paying four times more than CLOUD HARD ASSETS, they gave him some BOGUS REASON. Let’s just say, this individual said some FOUL FOUR LETTER words to his precious metals dealer before switching over to CLOUD HARD ASSETS.
I can tell stores like this ALL DAY LONG… LOL.
So, yes… If investors want to spend more money or get TAKEN ADVANTAGE OF.. they are more than free to do so.
But, if you want to find better prices with superior services, it pays to check the competition.
Today Gold is up $ 9.00
Bitcoin is up $ 900
Why not own both?
I’ve owned BOTH for YEARS now! …
And paaa’Lenty of Ag as well.
I am a long term holder of silver and gold eagles. In 2011 when silver hit almost $49 per ounce, American Precious Metals offered to pay me $52 per Eagle, including shipping and insurance costs. It was one heck of a squeeze on supplies. I never sold because PMs are my lifeline when the collapse occurs.