Eagles Soar; Rush to Buy Physical Yet to Come?

Posted by on February 3rd 2012 in Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

As American Silver Eagles have their second-best January since the coin was introduced in 1986, with 6,107,000 sold,  Patrick Heller, in a CoinWeek article, argues that the “Rush to buy physical gold and silver hasn’t started yet.” While providing an extensive list of reasons why the supply of gold and silver is constrained, he believes that the “largest impact on the prices of both will come from a surge in buying demand.  Even though there has been an increase in demand for the two metals for industrial and investment purposes, the market has not yet experienced a sustained rush to buy physical gold and silver.”

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