Gold Eagle sales surged in March and April as investor concerns of the global contagion spread to the United States. Demand for Gold Eagles in February fell to only 7,000 oz but surged to a record monthly high in March. The U.S. Mint sold 151,000 oz of Gold Eagles in March, nearly the same amount sold during full-year 2019.
Even with the temporary shut-down of the U.S. Mint in April, another 101,500 oz of Gold Eagles were sold during the month. Thus, total Gold Eagle sales of 320,000 oz for 2020 is more than double the 151,000 oz sold during full-year 2019:
Furthermore, the U.S. Mint has also sold another 750,000 Silver Eagles in April. Unfortunately, Silver retail bullion products are still in short supply, with availability pushed back 4-6 weeks.
I briefly spoke with Tom Cloud at CLOUD HARD ASSETS yesterday, and he told me that the demand for physical precious metals continues to be very strong this week. He also shared with me that CLOUD HARD ASSETS has Gold Eagles now available at lower premiums than most of the top online competitors.
Here is an updated Gold Eagle Buy Price chart of the four leading online dealers vs. CLOUD HARD ASSETS:
Tom said they were selling these newly arrived Gold Eagles at 8% over spot, which would be $1,847 based on a $1,710 gold spot price. Moreover, CLOUD HARD ASSETS also has the lowest premiums for Silver Eagles versus the leading online dealers:
I was still quite surprised to see one of the larger online dealers still selling Silver Eagles for a nearly $12 premium above spot. So, it’s wise to shop around for not only the best prices but also the best service.
Please also check the following prices for CLOUD HARD ASSET bullion products versus the competitors:
Silver Eagles ($7.50 over spot) – 2 week delivery time
Silver Misc Private 1 oz Rounds ($3.60 over spot) – 4-week delivery
Silver Misc Private 5 & 10 oz Bars ($3.60 over spot) – 4-week delivery
Silver Kilo Bars ($3.60 over spot) – 3-week delivery
Silver Misc. Kangaroos ($4.50 over spot) – 3-week delivery
Silver Philharmonics ($5.50 over spot) – 4-week delivery
Silver 1,000 oz Bars ($1.20 over spot) limited
Gold Eagles (8.0% over spot) – good availability
Gold Buffalo (8.0% over spot) – 2 weeks
Gold Philharmonic (7.25% over spot) – limited inventory
Gold Kangaroos (7.0% over spot) – 2 weeks
Gold Kilo Bars (4.0% over spot) – good inventory
You can contact Tom or Dan at CLOUD HARD ASSETS here: PRECIOUS METALS INVESTING.
IMPORTANT NOTE: There is a reason I sponsor Tom Cloud on my site because I believe he is one of the most honest and upfront precious metals dealers in the industry. Not only does Tom offer some of the best rates to purchase gold and silver, but also whenever someone sells metals back to him, HE DOES NOT CHARGE A COMMISSION. The overwhelming majority of precious metals dealers charge a commission to buy back gold and silver.
I challenge you to check for yourself.
Also, if you need to store metal at a secure facility, Tom offers some of the lowest storage rates in the industry. TOM DOES NOT MAKE MONEY OFF HIS CLIENTS PRECIOUS METALS STORAGE. The overwhelming majority of precious metals dealers add an additional percentage to store their clients gold and silver.
I challenge you to check for yourself.
Tom Cloud has been in the precious metals business for 46 years, since 1973. He has a lot of experience in the precious metals industry and understands the gold and silver market better than most dealers in the industry.
If you are new to the precious metals market and had questions, Tom Cloud would be happy to answer any questions.
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