MUST SEE CHART: There Are More Silver Eagles Held By Investors Than Silver Inventories At The SLV ETF Or The COMEX

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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9 Comments on "MUST SEE CHART: There Are More Silver Eagles Held By Investors Than Silver Inventories At The SLV ETF Or The COMEX"

  1. Not_George T | July 27, 2021 at 6:18 pm |

    … and that’s not counting all the other sovereign 1 oz. silver coins held by investors.

  2. Texas Road Runner | July 28, 2021 at 12:43 am |

    Thanks for the information and charts! Very interesting indeed! In my humble opinion- I believe that silver is the cheapest and most undervalued commodity on earth, even at todays prices. Silver will be a rare and hard to get metal in future years to come due to the energy cliff and lower metal ore content that is currently happening as I speak. Those who buy today and will be patient will be richly awarded due to a must have commodity that is not only used in practically all electronics today, but has the history of being a true form of money and store of value. Steve as usual, you do a great job taking the complex and making it understandable to those who are not familiar with commodities in general.

  3. Archeromaha | July 28, 2021 at 4:12 am |

    Don’t forget about the eagles sent to refiners to be recycled. My local coin shop has sent a lot of eagles to his recycler over the years. When abused coins came in over the years and didn’t sell they were melted down. They are not going in large numbers now but that has not always been the case. Also the stories of JPM and others buying and melting down?
    On another point I have always wondered how many eagles have left the USA? Family in Italy and they have quite a few so I know it happens. I have asked an online seller and they do ship over seas.

    • DisappearingCulture | July 28, 2021 at 11:46 am |

      “Also the stories of JPM and others buying and melting down?”

      I don’t believe JPM has bought ASE’s or Maple Leafs, and paid the premiums, and going to the trouble of melting them down into bars [another cost] when they can buy bars at wholesale cost. That would make no sense at all.

  4. Silver bars are much cheaper than Eagles; Today I saw a dealer drop the premium from $3.50 to $2.50. $2.00 premium is the lowest I have seen in the last couple of years on 10 oz bars. I don’t get the fascination with Eagles when over time premiums disappear. If you want to sell some, you will find out very quickly how the premium disappears.

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