by Steve St. Angelo
With the Fed and central banks pumping up the markets with a record amount of money printing, liquidity, and stimulus, investor demand for precious metals continues to be very strong. In the first week of 2021, the U.S. Mint sold 2.7 million Silver Eagles. The Mint also sold 45,000 oz of Gold Eagles.
While Silver Eagle sales are elevated in the first month of every year as the Authorized Purchases are stockpiling the new dated official coin, 2.7 million in the first week is a solid start. With three more weeks in the month, sales of Silver Eagles may reach 4-5 million. According to the U.S. Mint website, here is the breakdown in Silver and Gold Eagle Sales.