So, it’s no surprise big money is getting out of fiat currencies like the U.S. dollar. Less than a month ago, Holter, who is also a precious metals broker, brokered what looks like the biggest U.S. silver coin deal in history. Just the Silver Eagle portion of the deal was 650,000 coins, which was only part of the $50 million deal. Only $27 million of that could be bought in U.S. incremented silver coins. (The rest was used to buy gold U.S. coins.) Holter says that cleared out the wholesale market for U.S. silver coins, including so-called junk silver. Holter contends, “That shows you how thin it really is. By the way, a fair portion, 15% or so, was future deliveries from the mint.
No comments:
Post a Comment