People are catching on and the US Mint selling all its gold and silver coin is evidence.
As of the end of business Monday, the U.S. Mint Web site showed silver coin sales of 17.291 million ounces so far this year.
FORBES: INTERVIEW: Thomson Reuters GFMS: Silver Could Reclaim $30/Oz In 2013
Websites, especially those with Republican voting readership, are sponsored by gold and silver coin retailers predicting in their covered wagon worldview that the country will return to the gold standard some day.
Broadly, instead of using simple supply and demand, it explains changes in the demand for one asset (a small silver coin, say) relative to another (a large coin) in terms of changes in the rate of return that the holder of the assets can expect from each.
ECONOMIST: The lessons of sound money from 1,000 years' experience
In 2000 demand for silver for coin and bullion production was 32 million ounces while in 2009 it was 78 million ounces.
FORBES: Looks Like I Picked The Wrong Week To Be A Silver Ultra Bull
In a daily research note Wednesday, Barclays Capital estimated that silver-coin demand globally hit a record high of 3, 800 metric tons in 2011, while U.S. sales hit a record high of 1, 240 tons.
FORBES: Seasonal Effect Prompts Large Spurt In January U.S. Mint Gold-, Silver-Coin Sales
Meader, speaking with Kitco News in conjunction with the release of the Silver Survey 2013 compiled for the Silver Institute, said that U.S. Mint silver bullion coin sales so far this year are well ahead of their pace from 2012.
FORBES: INTERVIEW: Thomson Reuters GFMS: Silver Could Reclaim $30/Oz In 2013
There has considerable increase in the demand for silver to produce coin and bullion.
FORBES: Looks Like I Picked The Wrong Week To Be A Silver Ultra Bull
One reflected the cost of turning, say, an ounce of silver into a coin (this included minting costs plus a government coinage tax known as seigniorage).
ECONOMIST: The lessons of sound money from 1,000 years' experience
Confirming this strain on physical silver supplies, just this morning the RCM went on allocation, limiting the quantity of sales of the popular Silver Maple Leaf coin.
There was also clearly a certain amount of safe-haven buying by those concerned with monetary policy in the United States and loosening of monetary policy by the European Central Bank, encouraging purchases of physical silver in bar or coin form.
FORBES: Silver Survey: Investment Key To Silver-Price Action In 2011; Mine Supply Hits Record High
The Mint also announced Thursday that with sufficient gold and silver on hand to meet anticipated coin demand, it will not allocate sales to dealers in early 2012, as has been the case for several years, due to unprecedented demand and a lack of bullion supply.
On the coin front, they report that there seems to be more interest in silver than gold at the moment.
FORBES: FOCUS: Analysts: Physical Market Watching To See If Gold Price Stabilizes
Because of the logistical difficulties of dealing with large amounts of money in the form of metals, the Treasury began issuing Gold Certificates and Silver Certificates each redeemable in the respective metal, initially in coin but later in bullion.
FORBES: A Gold Standard Is Big Oil's Best Defense Against Political Attack
Physical coin demand remains strong, with the U.S. Mint noting record sales for silver coins.
FORBES: FOCUS: Little Scrap Silver Seen On Market After Run To $50
应用推荐