2017 Global Physical Gold and Silver Demand: A Fact Vs. Propaganda Update

Recently, the western banking cartel media has been out in full force to mislead everyone regarding a narrative of falling and ‘soft’ demand for physical gold and physical silver, as they typically frame the market in the US as representative of the global market when this is patently false. Furthermore, the usual suspects, like Goldman Sachs bankers, have piled on to this misinformation by calling for a plunge in gold prices, but more on that later. First let’s discuss the misleading statistics being disseminated by the mainstream financial media regarding physical gold and physical silver demand. Last month Reuters reported plummeting silver Eagle coin sales for Q3 at 3.7 million ounces, and attempted to frame weak US physical silver demand as weak overall silver demand by calling the silver coins data ‘the lowest in 10 years’. Furthermore, they attempted to frame physical gold demand as weak by referring to the Q3 2017 American gold eagle coins sales of 38,500 ounces as a 80% plunge from the same quarter, prior year. If you were to read just this one article to gauge physical gold and physical silver demand worldwide, you would likely believe that demand was dead and that no one was interested in buying physical gold or silver anymore, as the Reuters journalist literally provided zero context to these numbers. As I’ve repeatedly stated for the past 10 years, anyone can use statistics to present a biased and false picture of reality by stripping presented data of any context. This is precisely what the Reuters journalist did.
Furthermore, Bloomberg hopped on the ‘no one wants to buy physical gold and physical silver’ Reuters bandwagon as well with a similar narrative of gloomy gold demand by reporting last week that ‘sales of gold coins [in the United States] in the first nine months of the year shrank to the lowest in a decade.’ As well, various mainstream US financial websites prominently reported that demand for US Mint produced gold bullion has fallen off a cliff this year, with the first 5-months of 2017 only generating 185,500 ounces of gold sales, yielding a projected 2017 annual figure of only 445,200 AuOzs sold.

This post was published at GoldSeek on Thursday, 12 October 2017.

INVESTORS RETURN: U.S. Silver Eagle Sales Surge Over Past Two Days

While interest and sentiment in the precious metals have been depressed compared to the preceding month, this all changed during the past few days. This trend change is particularly the case for silver. Even though Silver Eagle sales have been much weaker this year, positive signs show that investors still believe in acquiring the shiny metal when fear and uncertainty enter into the markets.
Although, Silver Eagle sales for Jan-Aug 2017 are nearly 50% lower than they were during the same period last year. I believe the biggest factor that hurt Silver Eagle sales was the election of Donald Trump as U. S. President. Many individuals in the Alternative Media think that because Trump is in the Whitehouse versus Hillary Clinton, it translates to a lot less FEAR as it pertains to the control by the elite. Thus, the motivation to continue purchasing precious metals, bulk food, guns-ammo and survival goods has diminished considerably since the election in November.
However, when serious geopolitical events arise, investors still want to rush into owning more gold and silver. And they did so in a BIG WAY over the past few days.

This post was published at SRSrocco Report on AUGUST 31, 2017.

Gold Reset To $10,000/oz Coming ‘By January 1, 2018’ – Rickards

– Trump could be planning a radical ‘reboot’ of the U. S. dollar
– Currency reboot will see leading nations devalue their currencies against gold
– New gold price would be nearly 8 times higher at $10,000/oz
– Price based on mass exit of foreign governments and investors from the US Dollar
– US total debt now over $80 Trillion – $20T national debt and $60T consumer debt
– Monetary reboot or currency devaluation seen frequently – even modern history
– Buy gold eagles, silver eagles including monster boxes and gold bars
– Have a 10% allocation to gold, smaller allocation to silver
Editor: Mark O’Byrne
A new monetary standard which will see the dollar ‘reboot’ and gold be revalued to $10,000/oz according to best-selling author and Pentagon insider Jim Rickards.
A monetary ‘reboot’ is not unprecedented Articles about an imminent return to the gold standard are not exactly infrequent in the gold world and it can be easy to become immune to them and dismiss them without considering the facts and case being made.

This post was published at Gold Core on August 30, 2017.

2017 American Gold Eagles – The Best Year EVER?

American Silver Eagles (ASE) sales are way down for the year but seem to be on the rise, while American Gold Eagles (AGE) sales have been down and are off by a substantial percentage compared to all other years.
In the fist half of 2016 ASE’s were on a tear and had the pace set in the first half of 2016 continued throughout the year it would have been another record setting year. However, a funny thing happened in the second half of 2016, sales fell off a cliff and have never recovered. AGE’s in 2016 were also enjoying a great run, not record setting but strong sales month after month.
As can be seen in the charts AGE sales are down by some 75% year over year. In April 2017 AGE sales were down north of 90%; that trend has continued in the following months with only a slight improvement in May. If you are a coin collector this year would probably be a good year to add a few AGE’s to the stack, in multiple denomination’s as the total number of coins minted should be exceptionally low across the board. Personally, I will be picking up one coin of each denomination because of the low mintages. Graded coins should do exceptionally well as the years go by.

This post was published at GoldSeek on Tuesday, 8 August 2017.

GOLD & SILVER MARKET: Four Interesting Developments

There are four interesting developments taking place in the gold and silver market that precious metals investors should be aware of. While Americans continue to place all the BETS in the CASINO called Wall Street, via stocks, bonds and real estate, the EAST has been acquiring record amounts of gold and silver. Furthermore, something interesting seems to have changed recently in the Silver Eagle sales market.
FIRST DEVELOPMENT: Let’s start off with showing the stunning amount of silver India imported in May. According to Smaulgld.com, India imported nearly 2,000% more silver in May 2017 vs May 2016:
Matter-a-fact, India imported nearly the same amount of silver in May, than they received from January-April. Also, we can see that May’s 1,473 metric tons of silver imports is 2-4 times more than any of the prior months. Something has inspired the Indians to import that much silver this past May.

This post was published at SRSrocco Report on JULY 12, 2017.


Something changed in the silver market in May as U. S. Silver Eagle sales have surged compared to the previous month. This is quite interesting as precious metals sales and sentiment have declined in the West, especially in the United States, ever since Donald Trump was elected President.
Many precious metals investors thought that if Trump was elected, it would have been very positive for the gold and silver market. Unfortunately, it seems as if the opposite was (is) the case. Not only has demand for precious metals declined considerably in 2017 versus last year, so has sales of guns, ammo and survival food-supplies. I gather many of those who follow the alternative media believe Trump is actually going to make America Great Again. So, why protect oneself from a collapse?
This is a very bad assumption… as nothing has changed with Trump in the White House. Furthermore, many analysts are saying that what Trump is doing could actually speed up the collapse of the U. S. economy and financial system.
Regardless, the fundamentals in the U. S. economy continue to disintegrate. We are seeing economic bubble indicators reach or surpass what took place in 2007, before the bloodbath hit the U. S. Housing and Financial Markets. However, there is one additional negative factor that wasn’t a problem in 2007 that is now a BLINKING RED LIGHT.
What is this new lousy fundamental? It’s the U. S. and Global Oil Industry. Back in 2007, most of the oil and gas companies were making decent cash flow and profits. Unfortunately, the situation in the Oil Sector is orders of magnitude much worse than what is was in 2007. Not only are the majority of oil and gas companies losing money, they have been also cutting their oil reserves.
This is extremely bad news for which very few Americans are aware. Thus, we are now facing an extremely negative DOUBLE-EDGE SWORD of bubble economic indicators on top of a disintegrating oil industry. Which means… the situation today is much worse than what took place back during the 2008 Global meltdown.

This post was published at SRSrocco Report on MAY 24, 2017.

Silver 1/ 70th The Price of Gold’ – Silver Eagles Sales Jump

– Silver just 1/70th the price of gold
– Silver at $17.50 per ounce set to rise ‘faster than gold’
– Silver Eagles (1 oz) buying jumps to 715,000 this week
– ‘Supply may drop following mine closures’ – Standard Chartered
– Industrial demand ‘will remain strong’ – CPM Group
– Silver is substantially undervalued versus gold
– Gold silver ratio to fall back below 30
Silver looks set to outperform gold again in the coming months due to falling mine supply and continuing robust global demand.
Silver at just $17.50 per ounce remains about 1/ 70th of the price of gold at $1,230/oz today. This gold silver ratio of 70.3 continues to drive silver ‘stackers,’ value investors and those seeking a better return than gold to accumulate silver at what are seen at these still relatively cheap levels.

This post was published at Gold Core on March 21, 2017.

Ted Butler Quote of the Day 01-20-17

“Just like the tip of an iceberg is the only visible portion of the entire mass of the iceberg, JP Morgan’s COMEX warehouse silver holdings…87.4 million troy ounces…are only a small visible percentage of the bank’s total silver holdings, around 15% of the total 550 million oz I calculate the bank has acquired over the past six years. Yet remarkably, even though JPM’s COMEX holdings are as visible as the tip of an approaching iceberg, relatively little is written about even the visible portion of the bank’s silver stockpile.

“Anyone associated with silver analysis or commentary not commenting on JP Morgan’s COMEX silver holdings and asking why those holdings have grown so large is, in my opinion, missing a lot. I admit that it takes some analytical snooping and digging to trace the physical silver holdings JPM has accumulated through SLV conversions of shares to metal, plus the accumulation of metal through Silver Eagles and Canadian Maple Leafs. But the stopping of silver deliveries on the COMEX by JPM and the subsequent movement of these deliveries into JPM’s own warehouse even Stevie Wonder could see (in the dark).”

A small excerpt from Ted Butler’s subscription letter on 14 January 2017.

  More precious metals news & information available at
Ed Steer’s Gold & Silver Digest.

Ted Butler Quote of the Day 12-07-16

I’m convinced the price take-down over the past month in gold and silver was as deliberate and highly orchestrated as any I’ve ever seen. I know I’m talking about a price manipulation which shouldn’t be condoned in any way – but the manipulation itself was masterful, nonetheless. The largest amount of gold and silver ounces repositioned were of the COMEX paper variety by far, but the 2.5 million physical ounces of gold withdrawn from GLD was worth $3 billion, hardly chump change. There’s no doubt in my mind that whoever primarily orchestrated the price decline on the COMEX, not only bought back a large number of gold and silver short futures contracts, but much of the physical gold and silver dishoarded by investors in GLD and SLV, as well. Along with stopping big physical deliveries on the COMEX.

Speaking of JPMorgan, I sense the bank’s octopus reach for physical metal continues to extend into Gold and Silver Eagles. This past month featured weak retail demand for these coins, just as the same weak retail demand was reflected in redemptions in GLD and SLV. Yet the U.S. Mint sold more Gold Eagles in November than in any month this year. These circumstances can’t be explained away from it being the work of a big buyer. And the only reason I can come up with why JPMorgan hasn’t been buying more Silver Eagles is that its overall silver buying has become too obvious in too many venues. The bottom line on all this is JPMorgan is taking extraordinary measures to buy as much physical silver and now gold as it can. Maybe you should too.

A small excerpt from Ted Butler’s subscription letter on 03 December 2016.

More precious metals news & information available at
Ed Steer’s Gold & Silver Digest.

2016 Limited Edition American Silver Eagle Proof Sets Finally Released

With a one-year lapse in availability, the United States Mint is returning in roaring fashion with its annual 2016 Limited Edition Silver Proof Set, which went on sale at noon today.
Silver prices have fallen since 2011, when it neared record prices. A strong dollar and rebounding economy, according to experts, has undermined that silver bull run.
The Silver Proof Set, limited to 50,000 pieces, is priced at $139.95, well-above silver face value. Seven of the coins are in 90% silver and were minted by the San Francisco Mint. Another is .999 silver by West Point Mint. These collector proof quality coins feature frosted designs and mirrored backgrounds.

This post was published at GoldSilverBitcoin on NOVEMBER 25, 2016.

Louis Cammarosano: Interconnectedness of Silver Eagles and India’s War on Cash

American Silver Eagle sales have been suspended for the year according to the Authorized Purchasers of U. S. Mint products. Once again, as we have seen in the past, the U. S. Mint makes a dramatic change without warning. Where else have we recently seen a very dramatic change in policy without warning? India announced, without warning, the ban of the most widely used bank notes in the country – without warning. While these are very different scenarios they demonstrate the absolute control governments around the world hold over our money and our currency. Silver, while tatted as an industrial metal, has been money longer than any other form of money on planet earth. Silver was money long before gold was accepted and circulated as money.
As we have pointed out, time and again, once a nations money/currency becomes corrupt the entire system must become corrupt in order to cover up the lie that money (gold and silver) will continually tell the citizens. Once the citizens become aware of the corruption of their money/currency the citizens can begin to see the corruption supported by the lie.
‘The more of these types of laws you make, the more corruption you create.’ Louis Cammarosano, The Daily Coin
I recently penned Gold – Money of Kings where I pointed out that I was focusing more on gold than silver as gold is where the big, wealthy investors focus their capital and not silver. I love silver and understand the ‘silver story’. For this reason I will continue collecting silver, but in a different manner. Over the past several months I have really become a big fan of the America the Beautiful 5oz silver coin. For just about the same money, and in some cases less money, you can acquire a truly stunning piece of silver with an extremely low mintage that has a growing ‘coin collector’ base.
Louis Cammarosano, Smaulgld, stopped by to discuss the America the Beautiful, share with the audience conversations we have been having offline regarding the American Silver Eagle situation (this conversation was recorded prior to us learning the U. S. Mint had suspended the sale of Silver Eagles) and what is happening in India. On the surface these three items may appear to be completely disconnected, but during our conversation you will discover the interconnectedness these items bring to the table.

This post was published at SilverSeek on November 22, 2016.

Silver Eagle Demand Returns With A Vengeance As Political & Economic Turmoil Increases

U. S. Mint Silver Eagle sales surged in the first half of October due to increased turmoil in the political system and economic markets. Silver Eagle sales were strong in the first five months of the year, but weakened in the summer due to several factors.
One factor was the fall-off in demand by the Authorized Dealers (wholesalers) who had continued to purchase record Silver Eagles in the first part of 2016, even though retail investor demand had softened.. The other factor was a weakening of investor demand as the contagion from the U. K exit of the European Union subsided in the summer.
Regardless, U. S. Mint Silver Eagle sales came back with a vengeance in the first half of October, reaching 2,925,000 according to their most recent update today (Oct 18th). If we look at the chart below, we can see how much demand has increased compared the previous three months:

This post was published at SRSrocco Report on October 18, 2016.

OFFICIAL STATEMENT: The U.S. Mint Has NOT STOPPED Production Of Silver Eagles

According to the public affairs person at the U. S. Mint, the rumor that Silver Eagle production was halted due to lack of demand, is not true. I have been receiving lots of emails on this issue, so I decided to pick up the phone and call Michael White, public affairs person at the U. S. Mint.
I have spoken to Mr. White several times over the past five years on different issues. So, instead of going by secondary channels and the blog-sphere rumor-mill, I thought it best to get it directly from the source itself.
I called up Mr. White and he answered the phone directly. Normally, I would get his secretary or answering service. However, he picked up right away and I told him who I was and asked him if the rumor was true that the U. S. Mint stopped production of Silver Eagles.
Mr. White told me that it was not true as they continue to produce and sell Silver Eagles. I asked Mr. White if he could provide a full statement, and he said that only thing he would tell me is that they are CONTINUING TO PRODUCE and SELL SILVER EAGLES and the rumor was not true.

This post was published at SRSrocco Report on August 22, 2016.

Bullion coin sales boost revenues of world’s largest Mints

The world’s major precious metals mints are currently riding high on the back of extremely strong global bullion coin demand and relatively buoyant gold and silver prices. These mints are predominantly run as commercial enterprises. The sheer scale of revenues that the US Mint, Royal Canadian Mint (RCM), Perth Mint and Austrian Mint have been generating over the last number of years is eye-opening. Not surprisingly, due to their high value nature, revenues from bullion coin sales account for the lion’s share of total revenues for each institution and have been a core driver of their overall profitability.
Official Bullion Coin Programs
Each of these four mints has an official bullion coin program. The US Mint’s program consists of the production and sales of American Eagle Silver bullion coins, American Eagle gold bullion coins, American Buffalo gold bullion coins, America the Beautiful silver coins, and American Eagle Platinum coins. RCM’s bullion coin program comprises gold, silver, platinum and palladium Maple Leaf bullion coins, as well as the recently addedMapleGrams.
The Perth Mint bullion program is slightly more extensive and briefly consists of the following: Australian Kangaroo gold and silver coin series, Australian Kookaburra silver coin series, Australian Koala silver coin series, Australian Platypus platinum coin series, Australian Lunar gold and Australian Lunar silver coin series. The flagship of the Austrian Mint’s bullion program is the Vienna Philharmonic gold bullion coin series, but the mint also produces the Vienna Philharmonic as a silver and platinum bullion coin, as well as historical re-strikes of original Austrian circulation gold ducats, gold guilders and gold crowns.
Bullion Coin Sales Drive Revenues
In fiscal 2015 (to September 30), the US Mint generated revenues of US$2.12 billion on its bullion coin sales. This represented 57.6% of the Mint’s total 2015 revenues of US$ 3.69 billion. Revenues from gold Eagles totalled $979.6 million, silver Eagle sales added $785.4 million, and gold American Buffalos contributed another $252.2 million in revenues.
In 2015, the RCM’s Gold Maple Leaf coin sales generated revenues of CA$1.41 billion while the Silver Maple Leaf coins added a further CA$687 million, giving a combined revenue of CA$2.1 billion. This represented over 80% of RCM’s total bullion revenues in 2015, and nearly 71% of RCM’s total 2015 group revenues.

This post was published at GoldSeek on 4 July 2016.

Silver Wildcats Part 2 – Concentrated Cohorts and Long Corners

In part 1 of this series I floated the idea that in addition to buying up 150 million ounces (30k COMEX contracts) of American Silver Eagles and Canadian Maple Leafs (as Ted Butler claims and no one has been able to refute in a meaningful may)….
…that instead of melting down the government-minted coins, they are holding them ‘outside of the COMEX delivery system’.
Thereby sequestering that part of the hoard in an ‘undeliverable’ format or…
Forestalling or Burying The Corpse Documented throughout the literature of (failed) enforcement of futures manipulation, forestalling is a tactic used by the ‘long corner’ intent on squeezing the market higher.
(‘To commit murder is very simple. The trouble is to bury the corpse”.
So said famed industrialist and manipulator P. D. Armour, in reply to a the question of why he did not corner the delivery when such massive speculative short interest appeared in December Pork.)

This post was published at Silver-Coin-Investor on Jun 19, 2016.