SILVER COIN MANIA

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		Tech Media Wall Street Markets Strategy Sports Tools Travel Politics Latest Video Wednesday, March 30, 2011 SILVER COIN MANIA By now you know that the surge in silver prices has left gold in the dust. One reason: it's just cheaper to buy silver coins. From Deutsche Bank: According to a recent article in the Financial Times, record sales have been recorded at the world’s leading mints over the past several quarters; with sales being rationed in some instances. Silver dealers have indicated that smaller investors see silver as a more affordable alternative to gold as they look to alternative assets for wealth preservation, worried about the outlook for inflation and currency value. Figure 1 shows rolling 12-month demand for one-ounce American Eagle coins; indicating sales of over 38m oz over the past 12-month period. Annualising sales for the first two months of 2011 is indicative of over 54m oz in sales. Buying silver because it's "cheaper" doesn't make a lot of logical sense (intuitively, it looks like buying a stock because it's nominally cheaper), but the data is hard to argue with. Above is what the surge in coin purchases look like. Read » Also On Clusterstock Today: Jamie Dimon: About 100 Municipalities May Not "Make It" Why John Mack, Larry Fink And David Komansky Love Morgan Stanley CEO James Gorman PICTURES: Hedge Funder Elena Ambrosiadou Owns The World's Largest Sailboat AUDIO: Listen To Raj Talk To An Analyst About Getting "The Number" Advertisement CHART OF THE DAY: The Housing Double Dip Gets Worse AGAIN CHART OF THE DAY: TEPCO CDS Explode Higher After An "Unforgivable Mistake" CHART OF THE DAY: The "Pink Elephant" Of US Government Spending No One Wants To Deal With Share this email: Buzz Facebook Twitter Digg Reddit StumbleUpon The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 119 Fifth Avenue, New York, NY 10003 Terms of Service | Privacy Policy

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