In what is becoming a very sad development (for the bankers), the more money (pardon, fiat) Bernanke prints, the more silver coins Americans buy. According to the US Mint, November sales of silver just hit 4.16 million ounces or coins, an all time record, since the introduction of the coin in 1986, and that does not even include the last day of the month. The number is roughly a 30% increase to the 3.15 million one-ounce Eagles sold in October, and well above the previous 2010 record of 3.6 million sold in May. So far in 2010, the mint has sold 32.8 million ounces of silver, higher than the previous full year record of 29 million coins set in 2009. A dealer in town was offering to buy Ag Eagles at $31 today. There were only buyers in his shop!

Soon people will be bidding up ECU, but there will be no sellers, only buyers!

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