More reasons to hang on to your UC shares. We need to see $100+ silver to get more supply online to meet up with runaway demand. SMF

US MINT SELLS ANOTHER 300K SILVER EAGLES, EXTENDS MONTHLY SALES RECORD TO 7.42 MILLION!

JANUARY 30, 2013

With allocated/rationed silver eagle sales beginning again on Monday 1/28, the US Mint reported another 300,000 silver eagles sold Tuesday, nearly 1.5 million since production was restarted Monday, and increased January’s all-time monthly sales record to an astonishing 7.42 million silver eagles, 53 times the volume of gold purchased from the US Mint in January!

In only 11 business days of sales, the US Mint has already sold over 1 million ounces more than its previous monthly record of 6.4 million set in January of 2011, and with 2 days to go, looks likely to easily surpass 8 million ounces for January.

Astonishingly, although the US Mint has shut down Silver Eagle production for 18 of the first 29 days of January (while gold eagle production continued), the mint has somehow managed to still sell physical silver to gold at a 53 to 1 ratio- meaning that Eric Sprott’s famous $1 to $1 ratio of silver to gold purchases has continued!