Record Gold and Silver Coin Demand
We've reported before on the all time record sales of Silver Eagles from US Mint this year. But data is now available showing Canadian Maple Leaf coins were up a whopping 144% for gold (outselling even US Gold Eagles) and 60% for silver for Q2 2013 compared to 2012, and Austrian Philharmonic gold coin sales up 79% to July compared to last year. To put the North American duo alone into perspective for silver, the combined sales should reach 68-71 million ounces in 2013 which is 9% of total world silver production. Add every other mint around the world, bullion bars, and silver's strong industrial usage and it is a compelling demand.