Silver Bullion Eagle Coins Reach Highest Demand in History
Source: NewsGuide (7/6/11)
"Silver bullion is becoming more popular as gold prices make it difficult to invest in gold bullion bars or coins."
Silver bullion is becoming more popular as gold prices make it more difficult for the average American to invest in one ounce gold bullion bars or coins.
Gold bullion has been getting a lot of attention over the last decade due to the global financial markets and the need to hedge against inflation. While most counties, corporations and world banks are buying gold, individual investors are finding an affordable way to participate through purchasing silver bullion.
Internationally, gold and silver is most commonly traded in one ounce coins or bars. As gold has gone from $250 to over $1,500 in the last decade, most individual investors who buy gold monthly as a personal investment plan are looking to silver. This demand, along with an uncertain world market, is driving the price of silver.
The fever is rising and June has proved to be just as good as May for Silver Eagle bullion sales. Silver Eagles have already reached the 20M sale threshold at the U.S. Mint, with the total sales to date this year standing at 21.3M and counting. This puts American silver bullion on track of 40M units in sales this year.