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Gold Eagle Sales Explode In November, Up Nearly 4 Fold YOY
Better get while the getting is good.I’m sure you have heard of the expression he who hesitates it lost.You might not want to be hesitant on buying some gold and silver .So many experts are saying buying physical metals such as gold and silver are one of the best ways to protect yourself from the coming calamity that is ahead.Barracuda.
In the midst of a 2 month price consolidation for both gold and silver, US Mint gold and silver eagle sales exploded in November, coming in a 3,159,500 oz of ASE’s, the 3rd highest monthly total for 2012, and 136,500 oz of AGE’s, by far the highest monthly gold sales for the US Mint for 2012.
While silver eagle sales were strong, the story is in gold eagle sales, which roared back to life in the wake of Obama’s re-election. The silver/gold sales ratio narrowed to 23/1, after reaching such extremes as 74/1 as recently as August.
The 136,500 oz gold eagle sales total was nearly triple the October sales total of 59,000, and was up an astonishing nearly 4 fold year over year from Nov 2011, which saw 41,000 oz sold. November silver eagle sales were nearly as strong, up 2.5 fold year over year from 1,384,000 sold in November 2011.
