Record Gold and Silver Coin Demand

Posted | 10/09/2013 / Views | 1714
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We've reported before on the all time record sales of Silver Eagles from US Mint this year. But data is now available showing Canadian Maple Leaf coins were up a whopping 144% for gold (outselling even US Gold Eagles) and 60% for silver for Q2 2013 compared to 2012, and Austrian Philharmonic gold coin sales up 79% to July compared to last year. To put the North American duo alone into perspective for silver, the combined sales should reach 68-71 million ounces in 2013 which is 9% of total world silver production. Add every other mint around the world, bullion bars, and silver's strong industrial usage and it is a compelling demand.