RoadtoRoota
Oct 23, 2022
Well, well, well…it looks like the US Mint has turned on the Silver Eagle production machines again after a 1 month vacation!! They posted the production of 850K US Silver Eagles in the last week alone! Let’s keep a close eye on them as they report their weekly production levels. Remember they CAN produce somewhere in the neighborhood of 60M Silver Eagles per year which is about 1.15M coins per week. Clearly the DEMAND is there as premiums have skyrocketed to close to 100% above the price of silver!! I expect the US Eagle premiums to drop quickly IF the Mint produces at full capacity going forward. BUT if this is just a temporary production run then there will be no relief on premiums and it will shine a spotlight on the FRAUD at the US Mint…we will see.
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