Silver Eagles on course for all time record
With the release of October US Mint figures we see sales to date of Silver Eagles sitting at 39,175,000. The all time annual sales record of 39,868,500 was set in 2011. Sales continue under what they call the ‘allocation program’ which is when demand exceeds supply. What is amazing in all of this is that in 2011 we saw the silver price hit its all time high yet in this year that sales/demand will likely exceed that record we see these low silver prices. This is made all the more farcical by the fact the US Mint alone will exceed the total US mine production by 15 to 20%. Feel like a sustainable situation to you? Ainslie Bullion have US Silver Eagles available for purchase right now.