Smart silver investors now hold more Silver Eagles than the total inventories at the iShares SLV ETF or the COMEX. For the past 36 years, since 1986, investors have been buying every Silver Eagle issued by the U.S. Mint. With over a half-billion Silver Eagles now held by private investors, less than 1% of the population owns “Official Real Silver Money.”
That’s correct; with so few Official Silver Coins held by private investors, what happens when more Americans realize that Treasuries, Bonds, and Dollars they own will become increasingly worthless in the future?? When Americans try to access physical silver, there just won’t be all that much to go around.
According to the U.S. Mint’s recent update, they have sold 3,104,000 Silver Eagles during July, bringing the total to a bit more than 19 million so far for the year. As we can see, Silver Eagle sales have surpassed last year’s total of 13.7 million by a wide margin.
And, if we add up all the Silver & Gold Eagles sold since 1986, it comes to 584 million Silver Eagles and 24.7 million Gold Eagle oz.
The total value of Silver Eagles sold at the current spot price, and premiums are $19 billion versus $46 billion for Gold Eagles. Over the 36-year period, the U.S. Mint has sold approximately 24 Silver Eagles to each Gold Eagle oz. Furthermore, total Silver Eagles held in private hands (584 million), is larger than the total inventories as the iShares SLV (555.4 million oz), and the COMEX (352.7 million oz).
Investors who own Silver Eagles are going to be greatly rewarded in the future when the Fed & Central Banks are no longer able to add Trillions more of worthless paper to prop up the Trillions of Paper Derivatives in the market. This scheme only works when the ENERGY SUPPLY increases or remains flat. However, when Global Oil Production heads over the ENERGY CLIFF, the central bank monetary policy will look a lot like Venezuela.
It’s always a good idea to acquire physical silver at reasonable prices when 99% of investors continue to bet on STOCKS, BONDS, & REAL ESTATE… assets that will turn into liabilities during the ENERGY CLIFF.
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