{"id":25518,"date":"2021-01-07T17:44:14","date_gmt":"2021-01-08T00:44:14","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=25518"},"modified":"2021-09-17T11:19:11","modified_gmt":"2021-09-17T21:19:11","slug":"u-s-mint-sells-2-7-million-silver-eagles-first-week-of-2021","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/u-s-mint-sells-2-7-million-silver-eagles-first-week-of-2021\/","title":{"rendered":"U.S. Mint Sells 2.7 Million Silver Eagles First Week Of 2021"},"content":{"rendered":"

With the Fed and central banks pumping up the markets with a record amount of money printing, liquidity, and stimulus, investor demand for precious metals continues to be very strong.\u00a0 In the first week of 2021, the U.S. Mint sold 2.7 million Silver Eagles.\u00a0 The Mint also sold 45,000 oz of Gold Eagles.<\/p>\n

While Silver Eagle sales are elevated in the first month of every year as the Authorized Purchases are stockpiling the new dated official coin, 2.7 million in the first week is a solid start.<\/strong><\/span>\u00a0 With three more weeks in the month, sales of Silver Eagles may reach 4-5 million.\u00a0 According to the U.S. Mint website, here is the breakdown in Silver and Gold Eagle Sales.<\/p>\n

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Unfortunately, the U.S. Mint didn’t show any Platinum or Palladium Eagle sales so far in January.\u00a0 The U.S Mint didn’t sell any Palladium Eagles in 2020 and stopped producing Platinum Eagles in May.\u00a0 With a tightness in the Palladium market, it’s no wonder the U.S. Mint hasn’t sold any of these coins for quite a while.<\/p>\n

Demand for precious metals continues to be strong even though we see NOISE BLEED price levels for Bitcoin.\u00a0 Bitcoin surpassed $40,000 today.\u00a0 Both Tesla and Bitcoin are perfect examples of TULIP BUBBLES ON STEROIDS.<\/strong><\/span>\u00a0 If investors want to know Tesla’s REAL FAIR VALUE, you need to check out the Silver Member post below.<\/p>\n

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Regardless, Silver Eagle sales in 2020 surpassed 30 million while Gold Eagles totaled 844,000 oz.\u00a0 Amazingly, the U.S. Mint has sold over a half-billion Silver Eagles and 24 million Gold Eagles, which turns out to be a 23\/1 Silver to Gold Eagle ratio over the 1986-2020 period<\/strong><\/span>.\u00a0 However, the ratio last year was 36\/1.\u00a0 Thus, the U.S. Mint sold 36 times more Silver Eagles than Gold Eagles in 2020.<\/p>\n

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What a surge in Silver Eagle sales in 2020 compared to the three years prior.\u00a0 Silver Eagle sales in 2020 were double that of 2019.\u00a0 And, if demand continues to be strong this year, we may see Silver Eagle sales top 35-40 million… that is, if the U.S. Mint can keep up with demand.<\/p>\n

I believe we are going to see one hell of a strong year for physical precious metals investment.\u00a0 As the Fed and central banks continue to pump trillions into the markets, wise investors will take some of that MONOPOLY MONEY and buy real physical gold and silver.<\/strong><\/span><\/p>\n

Got your Gold and Silver Yet?<\/p>\n