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Silver Wheaton Corp. Message Board

  • quailrunrd quailrunrd Apr 1, 2013 2:59 PM Flag

    So....paper silver prices are diving lower???

    "According to the U.S. Mint, sales of the American Eagle silver bullion coins totaled 3,356,500 ounces in March, up 32% from comparable sales of 2,542,000 ounces during March 2012. Total sales of 14,223,000 ounces through March 31, 2013 soared by 40.3% over the comparable prior year period.

    The previous record year for silver bullion coins was in 2011 when 39,868,500 coins were sold. The 2011 record may wind up looking like a low number compared to projected total sales for 2013. Based on sales for the first three months of the year, annualized sales for 2013 could hit a record shattering 57 million ounces although even this estimate may be too low. As the slow motion collapse of the European banking system speeds up, the looming specter of huge losses by bank depositors could create a total loss of confidence in paper money and ignite a panic move into gold and silver."

    from the "Gold and Silver Blog"

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