Ed Steer's Gold and Silver Daily

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Close Call For US Banks
U.S. Mint Gold and Silver Sales
According to today's commentary from Ed Steer, over at Casey Research,"the U.S. Mint had a little surprise for us yesterday as well. Their sales report showed that they sold another 12,500 ounces of gold eagles, along with a gargantuan 1,181,000 silver eagles. Month-to-date, the U.S. Mint has sold 75,500 ounces of gold eagles...and 4,588,000 silver eagles. This is a one month record for silver eagles sales...and I've seen full years go by when they didn't sell that many eagles...and 1996 comes to mind when only 3,466,000 were sold in the entire year. Those eagles are selling for a very healthy premium to spot."

Still, nobody in your neighborhood or at your office owns gold. Can you imagine what the price and premiums will be when the sheeple finally herd into gold?