US Military Could Boost Silver Demand

 silver

Summary:

  • The US Navy is constructing a giant solar farm in Arizona to power its bases in California. This is a push by the DOD to decrease its carbon footprint.
  • While this facility is being constructed by Sempra Energy, there is no guarantee that other facilities will be. Thus, silver could be a good way to play this development.
  • The construction of solar panels requires far more silver than any other current applications, which will undoubtedly increase demand.
  • Silver demand has exceeded supply for two years but the market price does not reflect this due to the dominance of the futures market.
  • This dominance may be about to change, which will cause the price of silver to surge upward to reflect actual fundamentals.
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Silver and Gold Sales fromthe US Mint Skyrocket to 500/1

silver-to-gold

Precious metals experienced a huge lull in sales and spot in April of 2013, however a new trend has surfaced in the Gold & Silver Eagle market.  The demand for both precious metals coins remained strong in the first four months of 2013, however now people are significantly purchasing more Silver Eagles — leading to an expected higher percentage gain in silver than gold in the near term.

The ratio was

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U.S. Mint Runs Out of 2013 Silver American Eagles

As a result of high investor demand, the U.S. Mint has stopped selling its 2013 American Eagle silver bullion coins.

According to mint spokesman Michael White, 6,700,000 ounces of Silver Eagle coins were sold between Jan. 7, when the coins first went on sale, and Jan. 15. Until this year, the all-time high was 6,422,000 ounces, set in January 2011.

“We mint to demand,” mint spokesman Michael White told ABC News.

In an email to authorized purchasers, the mint said it would resume sales around the week of

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