While demand for U.S. Silver Eagles declined somewhat during the first quarter of 2015, the Royal Canadian Mint sold the most Silver Maples ever. The U.S. Mint sold 12.1 million Silver Eagles in the first quarter of 2015 compared to 13.9 million during the same period last year, a decline of 13%. On the other hand, Q1 2015 Canadian Maple Leaf sales actually increased 8.5%.
In the first quarter of 2014, the Royal Canadian Mint sold 8.2 million oz (Moz) of its Silver Maple Leaf coins. This increased 700,000 oz to a new record of 8.9 Moz in the first quarter of 2015:
As we can see, current sales of Silver Maples at 8.9 Moz, surpassed both records set in Q1 (8.2 Moz) and Q4 (8.4 Moz). I would imagine sales of Canadian Silver Maples will fluctuate during the remaining three-quarters of 2015, but there is a good chance that total sales in 2015 will surpass 30 Moz.
The extremely strong demand for U.S. Silver Eagles and Canadian Silver Maples has created a huge impact on both countries domestic silver consumption. I explain why this could be a big problem for the U.S. and Canada in the future in my upcoming THE SILVER CHART REPORT.
Currently, the market prices silver based on its role as a mere commodity. This is calculated by its supply-demand fundamentals and cost. Of course, this pricing mechanism is manipulated, but silver’s real future price will occur when it becomes valued based on its STORE OF WEALTH properties… and not how much is consumed.
Each Silver Eagle or Maple that an investor buys today guarantees them a store of value to be traded for goods or services in the future. However, the majority of paper assets, including most fiat currencies are PROMISES TO PAY. We are heading into a financial calamity that will destroy the value of most paper assets. Investors will be forced to flee into physical assets such as gold and silver to protect their wealth.
Even though Silver Eagle sales are down slightly compared to last year, they are still quite strong compared to annual sales prior to the collapse of the U.S. Housing and Investment Banking Markets in 2008.
For example, the U.S. Mint sold a total of 9.8 Moz of Silver Eagles in 2007, compared to the total 17.8 Moz year to data in 2015. I would imagine sales of Silver Eagles will reach 20 Moz for the first half of 2015. And, if we experience some sort of Financial-Banking-Stock Market disruption this fall, we could see skyrocketing demand for these official silver coins during the latter part of the year.
Thus, Silver Eagle sales will more than likely surpass 40 Moz (or more) in 2015…. four times higher than the average year prior to 2008.
Investors need to realize the GREAT FINANCIAL FIRE is coming. It’s best to make sure you have physical gold and silver insurance before the fire destroys your financial home.