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Blog Posted in avatar   Andrew Moran's Blog

Silver to see new highs with more government, Fed and economic collapse

blog:19826:0::0
By Andrew Moran
Posted Dec 31, 2012 in Business
Economic Collapse News | Silver expected to hit new highs in 2013 as U.S. economic collapse furthers
"What does 2013 have in store for silver bullion? At a time when the United States economy is on the verge of collapse, will silver become the new gold for investors? Although prices have tripled since the start of the Great Recession, silver has traded at around the $30 mark for most of 2012.
"That doesn’t mean people are not purchasing it, though. To endure the collapse of the United States economy and to protect their wealth, the general public is still buying silver, tons of it. In total, there were more than 33 million Silver American Eagle Coins sold, according to figures from the U.S. Mint. From Dec. 23 to Dec. 29, there were nearly a quarter of a million sales nationwide.
"It was first reported by Coin Update that the U.S. Mint announced that it had run out of American Silver Eagle bullion coins in mid-December and no additional coins would be salvaged for the remainder of 2012. Next year’s Silver Eagles are scheduled to be available on Jan. 7, 2013.
"Total sales of American Silver Eagle coins for December 2012 was 1,635,000 ounces, a figure that is down less than 20 percent compared to a year ago. February was the lowest month for Silver Eagles as only 1,490,000 coins were sold, which was when silver was at $38. Meanwhile, January was the best month of the year as 6,107,000 coins were sold."

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