the bullionr life
"Check to see the year to date U.S. Mint total bullion sales of American Silver Eagle Coins!" - TBD :)
Well, I wasn't really planning to pen another post for at least a couple of days. That's more so 'cause I came in this evening just a tad tired. However, as I was resting up...the above "thought", "quote", "statement", "directive", "order", "demand"...came to mind. :)
My first reaction was that's an interesting point....I'll make a mental note to cover that topic at some later point in time. But, as I lay there...I seriously .....could not rest!
I tell you I was moved to Check NOW, Get UP and POST what I was being led to research...
Now, I am a spiritual person... So, I have learned pretty much that "my arms are too short to go boxing with G-D!"
In obedience, I am going to share what I quickly discovered in my brief research on the subject as well as perhaps pen some personal thoughts...
First.....here are the past Ten (10) Years plus 1 additional year for good measure :)
Bullion Sales of Silver Eagles: Total Ounces / # of Coins Sold
1 ounce Silver: 9,028,036
1 ounce Silver: 20,583,000
1 ounce Silver: 30,459,000
1 ounce Silver 34,764,500
1 ounce Silver 40,020,000
1 ounce Silver 33,121,500
1 ounce Silver 42,675,000
1 ounce Silver 44,006,000
1 ounce Silver 47,000,000
1 ounce Silver 37,701,500
2017 - YEAR TO DATE (report pulled as of November 9th 2017)
1 ounce Silver 17,028,500
are trends really tale-tell signs?
Fascinating and Eye-Opening....
I am a data and numbers girl....so I find the trending here to be what I would call quite fascinating ....
Did you take note of the fact that "Sales to Date in 2017" are just a smudge over 17 million coins and looks like the U.S. Mint is set to finish this year very close to or even below the 2008 totals?
That means the U.S. Mint is on track to make the lowest sales of American Eagle coins in almost a decade!!!
So, Who Cares, Right?
I don't know, perhaps all of us might want to take it under consideration...
Let's go back further ...an additional year.....for good measure....
Look at the 2007 Total Sales.
Well, did you know that there is something very unique about the year 2008?
"The 2008 Financial Crisis"
The Year 2008 began a historic ramp up in sales that has lasted for years! ....Uh, Well! That is, up until now!
Look at 2008....,
Now, take note of the 20,583,000 silver American Eagles that were sold that year.
That was more than double the previous Year 2007's total sale of 9,028,036 coins.
Not my rodeo...
What Could It All Possibly Mean?
Well, I actually don't really know the answer to that!
Besides, that's not really my rodeo, so to say!
Seems, I am being enlightened right as I pen this post.
But, I'll take a guess...
Simply put, and in short, I believe the message that I am to share in this particular post is, ...
How Quickly We Forget...
Seems to me that our memories run somewhere between "zero to short"...
And, many of us are also more prone to letting complacency settle in rather than opting to plan for those days when we'll be longing to catch a cool breeze while enjoying life on a beautiful island...
[kuh m-pley-suh n-see]
noun, plural complacencies.
1. a feeling of quiet pleasure or security, often while unaware of some potential danger, defect, or the like; self-satisfaction or smug satisfaction with an existing situation, condition, etc.
Let's Not Be One of Those People!
I don't know about you but as for me,...I'm all for cool breezes, palm trees and enjoying life on a beautiful island. So, I'm thinking I had better pay even more attention to Historical Trends, Market Conditions and....
Stack More Silver!!! :)
After all, while it looks like retail bullion demand for 2017 in the U.S. is most definitely weaker overall as the stats above indicate, I have to admit I think it is way better than the above Mint's statistics might imply. You see, for me, I am a Precious Metals Dealer and keep in mind this is actually a two-way market for me because well, I both buy from and sell precious metals to my customers. But, now don't you go forgetting! I also personally buy my own Silver & Gold...just like everyone else.
And, You Ask How Does That Help You?
Because if you are interested in converting your hard-earned dollars into Silver, then it is also good news for you, the buyer! Why is that? Well, Silver Prices really are Phenomenal, right now! And, I am dedicated to making it EASY for anyone to own Silver & Gold!
In closing, if "Trends Really Are Tale-Tell Signs"....and you think this is a buyer's market...then why not take advantage of this buyer’s market in metals while it lasts?
Now....I'm thinking I can finally turn in for the night & get in some zzzzzz's :)
Until next time....
Happy Stacking, y'all!
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Source: United States Mint 2007 - 2017 Total Year Bullion Sales: American Eagle Program