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Gold Eagle Sales Already Surpass Full-Year 2020 Sales – Silver Doctors


We are just beginning to see the first stages of precious metals demand. With the Fed and central banks using…

 by Steve St Angelo of SRSrocco Report

With continued strong demand for precious metals, U.S. Mint Gold Eagle Sales already surpassed last year’s total, and there are still four months remaining in the year.  That turns out to be a great deal of investor money.  At $1,900 per coin, that’s $1.6 billion so far this year.  Also, Silver Eagle sales nearly reached four million in August.  Most Dealers are still charging between $9-$10 over spot for the brand-new redesigned 2021 Silver Eagles.

The U.S. Mint sold an average of 936,000 Silver Eagles per week and 32,400 oz of Gold Eagles per week in August.  Thus, the Silver Eagle to Gold Eagle buying ratio has been lower this year at 27/1 due to the strong demand for gold.

The U.S. Mint updated its website today, reporting 847,500 oz of Gold Eagle sold this month compared to 844,000 oz sold for Full-year 2020.

If sales of Gold Eagles remain strong for the rest of the year, we could see 1.1-1.2 million oz sold.  Now, for Silver Eagles, the U.S. mint sold 3,904,500 official coins in August for a total of 22,940,500 for 2021 versus 18,178,000 for the same period last year.

The U.S. Mint has sold nearly 5 million more Silver Eagles this year than during the same period in 2020.  With an excellent chance of selling another 10 million Silver Eagles for the last four quarters, total figures for 2021 will be 34 million.  Last year, the U.S. Mint sold a bit more than 30 million Silver Eagles.  If Silver Eagle sales continue to remain very strong, we could see 35-36 million sold.

I believe we are just beginning to see the first stages of precious metals demand.  With the Fed and central banks using PAPER FINANCIAL ENGINEERING to continue a lifestyle that we can no longer afford… ENERGY-WISE, 99% of investors have no idea how unprepared they are for the coming problems.

All the massive debt is backed by massive Future Energy Production… or at least the growth of energy production.  The world is now facing the ENERGY CLIFF, and will not have the available energy to pay off its debts.  Thus, a collapse in debts means a collapse in asset values.  This is bad news for the 99% who aren’t prepared, but much better news for those who have taken at least some of the wealth to acquire gold and silver.





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