Silver Investing - Gold in Fort Knox

There was an interesting article published recently questioning how much gold really remains in Fort Knox. It talks about the only audit that has ever been done of the gold inside Ft Knox. That happened shortly after Dwight Eisenhower became President in January of 1953. If you are interested in that sort of thing, you can read about it Here.

With just about one week to go until the end of August, here are the totals for U.S Mint production so far: 1,656,000 Silver Eagles, Year-To-Date 22,805,500 Silver Eagles. Regarding gold bullion: 37,500 one-ounce Gold Eagles, 500 half-ounce Eagles, 500 quarter-ounce Eagles and 1,500 tenth-ounce Eagles. Also 15,000 24K Gold Buffaloes.

I will be back next week with the final August totals.

Happy investing.

Silver Investing - Silver Inventories Lowest In 200 Years

I just finished reading an interview by Ted Butler, a noted expert on silver-related products and silver investing activities. In the interview (dated early August 2010), he states "World silver inventories are at their lowest point in 200 years while gold inventories are at their highest". This would make a strong case for investing in silver which he claims is very affordable now but may not be much longer.

Silver Eagles are having a nice run again for July. A total of 2,983,000 Silver Eagles were produced in July making the year-to-date total 21,149,500. That's alot of silver eagles. Hopefully, you have some in your possession or other silver investments such as 90 percent silver coins or even silver bars or rounds.

Happy investing.