From the July 19th issue of COIN WORLD magazine:

”Through the end of June, the U.S. Mint had sold 4.344 million more American Eagle silver bullion coins than it sold during the same six-month period in 2009.

Through June 30, the Mint recorded sales of 18,168,500 silver Eagle bullion coins in 2010.  During the January to June period in 2009, sales of the silver bullion coin totaled 13,824,500.

In 2010, the Mint has sold an average of nearly 3.03 million coins for each of the first six months of the calendar year.  During the same period in 2009, the monthly average was slightly more than 2.3 million coins.”

FIND OUT MORE INFORMATION HERE

The news as we go to press is that the Fed is more worried about deflation. They must be reading this newsletter which as been mentioning the D word for months.

Of course their solution is to print money in a different way in the form of buying up Treasuries. It will be interesting watching this unfold over the next 6 years.

Here’s a good article that explains:

http://www.nytimes.com/2010/07/30/business/economy/30fed.html

FIND OUT MORE INFORMATION HERE

Share