"Sales of silver coins by the U.S. Mint have set a record high in the first
half of 2013 seeing the best start to a year ever. Silver bullion coins were
first offered in 1986.
Falling prices and concerns about being able to take delivery of coins amid
continuing concerns about the US economy and currency debasement have led to the
record demand.
Sales in 2013 have reached 24.03 million ounces and demand reached a monthly
all-time high of 7.5 million ounces in January.
Demand remains at an “unprecedented level,” and sales of gold and silver
coins may reach an annual record this year, Richard Peterson, the acting
director of the mint, said on June 5.
Silver coin sales were suspended in January for more than a week because of a
lack of silver inventory. In April, purchases more than doubled from a year
earlier after prices tumbled 16% in two days due to unusually aggressive selling
on the futures market.
Silver futures have declined 28% this year in New York, the biggest loss
among the 24 commodities tracked by the Standard & Poor’s GSCI Spot Index
but the smart money is continuing to accumulate on the dip.
The death of the gold and silver bull markets is greatly exaggerated as seen
in the still very robust physical demand from investors and store of value
buyers internationally including the U.S..."
at http://www.zerohedge.com/contributed/2013-06-19/us-mint-sales-silver-coins-reach-record-2013-first-half
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