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While gold demand slips, soaring silver demand indicates higher prices

Posted on 23 August 2013

Sales of U.S. Mint American Eagle silver coins have maintained the scorching pace while sales of gold coins so far in August are down sharply as compared to earlier months this year and also on a year-on-year basis.
The record demand for gold coins seen in April after the price collapse has consistently fallen, month on month, while that for silver coins has seen a steady and a massive demand. The U.S. mint sold 5,000 ounces of gold American Eagles so far this month, but has sold 2,446,000 ounces of silver American Eagles till now. The U.S. Mint was cleared out of its gold coin inventory in April after the astonishing 15% two day price plunge………………………………………..Full Article: Source


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