US Mint Sells Out Millions of Silver Eagles, Stops Production
here has long been talk of a silver shortage hitting supply and prompting a price zoom in this market but not all investors take these rumors seriously. However, now it appears that investors have no choice but to accept the facts: silver is no longer all that easy to come by.
The United States Mint has suspended sale of the 2013 Silver Eagles because the immense demand has absorbed every last one of them. We saw an astounding 3.9 million ounces of silver sell in the first few days of 2013 alone — an unprecedented number. The number rose to an even higher 6.1 million ounces sold in the month of January according to Reuters. The Mint has announced that new Silver Eagles will soon grace its shelves but it remains to be seen when this will be completed (or if).
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