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US Mint sold out of 2013 silver eagles - 6,000,000+ sold!
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<p>[QUOTE="Juan Blanco, post: 1618400, member: 41665"]Really?! You think they wouldn't coin 15~20 million more, if poss? (I mean: IF THAT DEMAND WERE THERE. It's not.) </p><p><br /></p><p>Did you read the 3q2012 CLCT conf call transcript? It's pretty grim, "for the foreseeable future." Remember, this is someone's business model and not flaky coin-collector druthers. </p><p>CLCT execs also blamed "stagnant PM prices" (which I read as 'too high for most US coin buyers') but I've posted elsewhere how US retail bullion consumption has been <i>declining</i>, by the numbers, for awhile. TREND IS INTACT. </p><p><br /></p><p>We definitely won't see +30 mln in ASE units coming outta the US Mint in 2013 unless c) reverses:</p><p><i>c) POS falls ~-25% and the economy improves dramatically along w/ US Households finances</i></p><p><i><br /></i></p><p><i></i>Hope springs eternal, 'It's Morning in America' etc., etc. ... but I don't see that in the cards now, do you? In what quarter will we see that turnaround and why, specifically?[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1618400, member: 41665"]Really?! You think they wouldn't coin 15~20 million more, if poss? (I mean: IF THAT DEMAND WERE THERE. It's not.) Did you read the 3q2012 CLCT conf call transcript? It's pretty grim, "for the foreseeable future." Remember, this is someone's business model and not flaky coin-collector druthers. CLCT execs also blamed "stagnant PM prices" (which I read as 'too high for most US coin buyers') but I've posted elsewhere how US retail bullion consumption has been [I]declining[/I], by the numbers, for awhile. TREND IS INTACT. We definitely won't see +30 mln in ASE units coming outta the US Mint in 2013 unless c) reverses: [I]c) POS falls ~-25% and the economy improves dramatically along w/ US Households finances [/I]Hope springs eternal, 'It's Morning in America' etc., etc. ... but I don't see that in the cards now, do you? In what quarter will we see that turnaround and why, specifically?[/QUOTE]
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US Mint sold out of 2013 silver eagles - 6,000,000+ sold!
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