The Phaserl


U.S. Mint Sales of Silver Coins Reach Record in 2013 First Half

from Gold Core:

CME is catering for the demand by introducing a 1,000 ounce physical silver futures contract “due to demand from customers”.

“The smaller size will provide market participants with greater flexibility to manage their silver price risk, and serve as a more cost-effective tool for individual investors or others looking to hedge against economic uncertainty.”

The CME said it is deliverable against existing benchmark silver futures contracts.

Sales of silver coins by the U.S. Mint have set a record high in the first half of 2013 seeing the best start to a year ever. Silver bullion coins were first offered in 1986.

Falling prices and concerns about being able to take delivery of coins amid continuing concerns about the US economy and currency debasement have led to the record demand.

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