Wednesday, January 18, 2012
Silver Eagle Sales are Roaring
To put this in perspective here is the last 5 year's top sales month and the corresponding volume:
January 2011- 6,422,000
November 2010- 4,260,000
March 2009- 3,132,000
January 2008- 2,170,000
December 2007- 2,324,500
We are sure to still have the naysayers out there telling us why this number can't be accurate or why we need to take it with a grain of salt. The list includes....
1. US mint didn't report sales the last couple of weeks in 2011
2. Dealers do not have a limit on how much SAEs they are able to purchase.
3. The numbers include the backlog of pre-sales for 2012 SAEs.
And I remind you, remember all the stories you heard in 2008 of how eagle sales were through the roof? And yet this sales figure only includes a little over half of the first month of the year and it represents over 25% of all SAE sales in 2008!
Posted by BullRun at 11:47 PM