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Full Version: U.S. MINT REPORTS ON SILVER EAGLES: Huge Demand & Weekly Rationing
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U.S. MINT REPORTS ON SILVER EAGLES: Huge Demand & Weekly Rationing
Filed in Precious Metals by SRSrocco on November 19, 2014 • 0 Comments
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After the huge take-down in the price of silver on October 31st, demand for Silver Eagles skyrocketed. Then on Nov. 5th after silver was knocked down another 5%, the U.S. Mint suspended sales of Silver Eagles.

It was reported that the U.S. Mint sold 2 million Silver Eagles on Nov. 5th before they suspended sales. However, we didn’t see a huge increase in sales on their website for that day. So, I decided to contact Michael White, Public Affairs person for the U.S Mint and ask him about this issue as well as some other questions.

Mr. White provided me that actual sales figures from Oct 31st to Nov. 18th. These sales figures can be seen in the chart below

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This has happened 2-3 times before and the mint replenished their inventory every time. This US mint shortage meme is nothing more than a bullion dealer marketing ploy. Don't fall for this nonsense.

Just checked Ampex's inventory. They literally have more ASE's than all of us here could afford to buy... tens of thousands of them.
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