This Week's View from The Morgan Report + Special Offer
Published: Sun, 08/23/15
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Why Government Coin Sales ARE Meaningful
Many Internet discussions of government coin sales conclude–“Those are meaningless amounts because they account for such a small percentage of total supply (Primary + Secondary Supply).” But only part of this statement is correct, that is they account for a relatively small percentage (~14%) of total supply.
However they are not meaningless, for several reasons. The first is that demand for silver coinage can increase very sharply. When the 2008 financial crisis took place demand for silver eagles doubled. After the financial crisis of 2008 the demand doubled AGAIN! That is correct; prior to 2008 the demand for US mint silver was about 10 million ounces per year. Financial crisis doubles the demand- interesting? And post 2008 many more people “woke up” to the idea that precious metals are a nonrecourse way of owning real money without interference. Even with the “recovery” the demand for silver of this type (government minted coins) has not abated—again interesting?
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China devaluation sparks fear of currency war, angers
U.S. lawmakers
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Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.
Silver Investor is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Silver Investor and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Silver Investor will not be held liable or responsible for any decisions you make regarding any information discussed herein.
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