Sunday, January 2, 2011

Silver Investing - Year End Totals For Silver Eagles

To say that 2010 was a good year for silver would be an understatement. Unofficially, silver rose $14.04 for the year. An 83.22% gain. I hope you benefited from that gain. Silver is not so cheap but still affordable, still the "poor man's gold". Spot silver at this writing is at $30.74. James Turk was correct in his prediction of $30 silver before year-end.

After a record month for Silver Eagles in November (4,260,000), the U. S. Mint took a bit of a breather. It is possible the number could be "tweaked" this next week but the number of Silver Eagles produced in December stands at 1,772,000. For all of 2010 34,662,500 ounces of silver were converted into beautiful Silver American Eagles. A total of 1,220,500 ounces of gold were used to produce one-ounce, half-ounce, quarter-ounce and tenth-ounce Gold Eagles. Predictions for continued strength in both metals in 2011 remains strong.

Thanks for reading.

No comments: