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U.S. Silver Eagle Sales Hit Mid-Year Record

The U.S. Mint has reported over 25 million silver eagles have been sold through June.

The price of silver is declining while real estate values are climbing.

Sales of U.S. Silver Eagles are at a record pace. Sales of new homes are at relative historic lows.

Silver at $18.79 an ounce today is trading below its 1980 high of $50 an ounce. The median new home price is at an all time high.

Click for charts showing silver eagles sold in the first half of the year from 2006-2013 and for median home prices and new homes sold from 2006-2013:
http://smaulgld.com/the-price-of-silver-and-real-estate/



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U.S. Mint website down

guy from pawn stars said this today

'Pawn Star' show business owner Rick Harrison explains to CNBC - in words that we can all understand - why gold remains a crucial insurance for people because "governments can screw up the currency," how our economy is based purely on printing money, physical gold and paper gold disconnects - "I'm having a real difficult time right now getting physical metal. It is the crazy world of gold and silver; sometimes the paper market is going down, but you can't actually find the physical items,"

Tools of war are not always obvious. The worst weapon is an idea planted in the mind of man. Prejudices can kill, suspicion can destroy, and a thoughtless, frightened search for a scapegoat has an everlasting fallout all of its own.

with record sales of both

with record sales of both gold and silver (physical), how can price go down? This is the one thing that the "experts" on the metals thread will not answer.

Heres why physical investment demand gets trumped

1 its only half the overall demand- the other half is industrial and while the demand there its not off the charts
2 more importantly the paper market is huge and it dwaves the physical market as there are naked short sellers who selling massive amounts of silver that doesnt physically exist

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Can someone please explain the significance of this ...

I know this has meaning, but I don't quite have my head wrapped around it. I read something a while back that in the 1980 surge of silver prices allowed people to buy homes using silver, but I'd like to know the full details of that.

Mike Maloney

Somewhere I saw calculations of ounces of silver per median price house, but this video will blow your mind: http://youtu.be/UE7QcVN5tC8

Real estate discussion starts about 3 min in, but you probably should watch the whole thing. After gold, he turns to silver.

Another video: http://youtu.be/vAAIwef3dOg

What do you think? http://consequeries.com/

Thanks for the links!

I have IRA -> LLC money sitting ready to invest. I'm wanting to go into real estate, but wanted to know more about this since it involves real estate.

Silver is up nearly 5% today

must be because consumer sentiment is up in spite of the Chicago PMI being down
http://smaulgld.com/why-sentiment-is-a-poor-economic-indicator/

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Let me make a contribution to

Let me make a contribution to that.

Southern Agrarian

You are going to buy a house?

well done!

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silver

silver

Southern Agrarian