Submitted by Mark O’Byrne – GoldCore
The U.S. Mint is seeing “astounding” demand for gold and particularly silver coins as covered by us in recent months and as noted by Frank Holmes of U.S. Funds writing in Gold Seek today.
In his excellent weekly SWOT analysis – strengths, weaknesses, opportunities and threats – of the precious metal markets, Holmes notes that:
Over the past five days investors bought 26.8 metric tonnes of bullion through exchange-traded products backed by the metal, according to Bloomberg (see chart above). In addition, Reuters says gold and silver demand is off the charts; the U.S. Mint sold nearly as much gold on the first day of 2016 as in all of January 2015, with silver sales equally as astounding.
Read the Full Article –
SWOT Analysis: U.S. Mint Reports Astounding Gold and Silver Demand