The Daily Paul has been archived. Please see the continuation of the Daily Paul at Popular

Thank you for a great ride, and for 8 years of support!

Comment: Silver Eagles

(See in situ)

Silver Eagles

Gold dealers buy silver eagles from the U.S. Mint in bulk so they can take them to PCGS or NGC and get them slabbed MS70 or MS69 and charge 35% commission or more on them rather than the normal 5%. Look at the January sales each year. They stop minting in December to prepare for the huge influx of buying by dealers in January. More dealers come around and join the fun because profit is good. There is a reason why the gold dealers can afford to advertise on Glenn Beck, Sean Hannity and Mark Levin etc. shows. They can afford it!

Meanwhile, silver Canadian Maple Leaf's are 60 cents less per coin than the Eagles and are not sold out.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!