by Dr. Jeffrey Lewis, Silver-coin-investor:
The U.S. Mint resumed sales after a week of suspension as silver coins sales for January almost doubled compared with the month before. An all-time high of over 7.4 million Silver Eagle coins were bought in January from the U.S. Mint, which substantially exceeded the former record set in early 2011. Gold coin sales were also the highest seen in almost three years.
All of this excitement in the coin market is happening against the backdrop of currency wars, debt ceiling debates, and some of the most blatant price controls implemented in years.
One can almost hear the whispers about the end of QE as the world patiently awaits the fate of Europe’s coming recapitalizations and the rise of the Eurobond.