August 17, 2010
Sale of American Silver Eagle Bullion Coins Rising
The following is from the July 19th issue of COIN WORLD magazine:
"Through the end of June, the U.S. Mint had sold 4.344 million more American Eagle silver bullion coins than it sold during the same six-month period in 2009.
Through June 30, the Mint recorded sales of 18,168,500 silver Eagle bullion coins in 2010. During the January to June period in 2009, sales of the silver bullion coin totaled 13,824,500.
In 2010, the Mint has sold an average of nearly 3.03 million coins for each of the first six months of the calendar year. During the same period in 2009, the monthly average was slightly more than 2.3 million coins."
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Comments on Sale of American Silver Eagle Bullion Coins Rising
Get out of anything denominated in paper funny money now while you can. That includes IRA, 401K, savings accounts, and almost any other stock, bond, security or even checking.
You can't spend any money on silver. You are only changing something without intrinsic value for something that has always held it's buying power, and has intrinsic value in industry and other technologies.