{"id":29747,"date":"2021-10-08T11:39:24","date_gmt":"2021-10-08T21:39:24","guid":{"rendered":"https:\/\/srsroccoreport.com\/public\/?p=29747"},"modified":"2021-10-08T11:39:24","modified_gmt":"2021-10-08T21:39:24","slug":"u-s-mint-gold-eagle-sales-quadruple-in-october-official-gold-coin-sales-also-surpass-1-million","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/u-s-mint-gold-eagle-sales-quadruple-in-october-official-gold-coin-sales-also-surpass-1-million\/","title":{"rendered":"U.S. MINT GOLD EAGLE SALES QUADRUPLE IN OCTOBER: Official Gold Coin Sales Also Surpass 1 Million"},"content":{"rendered":"

With energy prices continue to surge higher, the U.S. Mint updated their sales figures today, showing Gold Eagle sales have quadrupled compared to the same period last month.\u00a0 Also, Gold Eagle sales have already surpassed 1 million oz, and there are still two and a half months remaining.\u00a0 U.S. Mint Gold Eagle sales are RED HOT right now compared to Silver Eagles.<\/p>\n

However, I see that changing in the future as more investors realize how undervalued silver is compared to the $229 trillion Global Bond & Stock Market Bubble.\u00a0 We must remember, the $229 trillion in Global Bonds and Stocks are claims on future economic activity based on rising energy production.\u00a0 This is much different than a gold or silver coin that derives its value on “ENERGY BURNED IN THE PAST.”\u00a0 Thus, physical gold and silver are Stores Of Energy Value, while Stocks & Bonds are Energy IOUs.<\/p>\n

Just take a look at how strong U.S. Mint Gold Eagle sales have been for the first eight days in October compared to the same period last month.<\/p>\n

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Gold Eagle sales had more than quadrupled to 84,500 oz versus 20,000 oz last month.\u00a0 Furthermore, Gold Eagle sales so far in October have already surpassed September’s total figure of 75,000 oz.<\/p>\n

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The majority of Gold Eagle sales during the first week of October are 1 oz coins (81,500), followed by 1\/4 oz coins (4,000), and 1\/10 oz coins (20,000).\u00a0 Moreover, Gold Eagle sales have already surpassed 1 million oz, the first time since 2011… more than a decade ago.<\/p>\n

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Investors have purchased nearly $2 billion worth of Gold Eagles ($1,900 average price all coins) so far this year and approximately $800 million of Silver Eagles ($30 average price).\u00a0 U.S. Mint Silver Eagle sales are 500,000 as of October 8th.\u00a0 So, it seems that investors are buying a higher percentage of Gold Eagles currently due to the ongoing energy crisis concerns.<\/p>\n

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