Printable View
U.S. mint Gold coin sales were down 39% and Silver coin sales by 36% in 2013 despite the huge drop in price8-l.
My guess is one of 2 things causing this.
1. people are getting to the point where the current economic situation has be come the norm so panic buying has stopped.
2. The huge middle class buying segment no longer has the money to buy and, there for is no longer
middle class. Just my .02
P.S. India, the worlds largest buyer of Bullion has lowered its import tax on gold.
Great . Thanks for sharing
I find this very interesting. I personally have stopped buying silver as an investment, mostly because I have been able to build up a scrap silver supply through scrapping. My only bullion purchases have been more as a collector lately. The kids are becoming interested in the coin/ metals collecting so it has been to help them stay intesested. I'm still stockpiling nickels and pre 82 pennies but perhaps that is more out of habit and it helps the younger kids stay intesested when looking for wheat pennies. I do buy lots of copper bullion just for the collection side and cause some of them are neat and the prices have come down on those. (I'm fully aware they are a poor investment) The panic buying is still effecting my day to day life. I have stopped useing .22lr because of how unavailable it has become. I used to shoot 2500 rounds or so a year both for sport and trapping. Over the last two years my stockpile is down to a few hundred. I buy a lot of ammo because I understand the industry, it is easy for me to come out ahead and it makes a very good barter tool to help close deals and stores easily.
I'm just waiting for one of these new man made metals to conduct electricity as well as silver . Periodic chart has grown since I was in chemistry class.