The U.S. Mint is seeing “astounding” demand for gold and particularly silver coins as noted by Frank Holmes of U.S. Funds writing in Gold Seek today.
In his excellent weekly SWOT analysis – strengths, weaknesses, opportunities and threats – of the precious metal markets, Holmes notes that:
Over the past five days investors bought 26.8 metric tonnes of bullion through exchange-traded products backed by the metal, according to Bloomberg (see chart above). In addition, Reuters says gold and silver demand is off the charts; the U.S. Mint sold nearly as much gold on the first day of 2016 as in all of January 2015, with silver sales equally as astounding.
Read the Full Article –
SWOT Analysis: U.S. Mint Reports Astounding Gold and Silver Demand
Precious Metal Prices
21 Jan LBMA Gold Prices: USD 1,096.80, EUR 1,006.98 and GBP 774.99 per ounce
20 Jan LBMA Gold Prices: USD 1,093.20, EUR 999.73 and GBP 771.08 per ounce
19 Jan LBMA Gold Prices: USD 1,087.00, EUR 999.77 and GBP 759.79 per ounce
18 Jan LBMA Gold Prices: USD 1,090.45, EUR 1,001.06 and GBP 763.67 per ounce
15 Jan LBMA Gold Prices: USD 1,081.80, EUR 991.38 and GBP 753.17 per ounce
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GoldCore continue to believe that silver is set to outperform most assets and even gold and believe that $100 per ounce will be achieved in the coming years.
Silver Britannia (1 oz)
More importantly, legal tender silver bullion coins – like Silver Britannias (CGT Free), Nuggets, Eagles, Maples, 90% and 40% Silver bags are great forms of insurance against currency debasement and financial collapse.
We continue to have very competitive prices – some of the most competitive in the U.S. and the world.
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