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moneymetals

Gold & Silver Eagle Sales Drop Sharply Due To Central Bank Intervention

Thanks to the Fed and Central bank intervention, sales of Gold and Silver Eagle sales declined sharply over the past year. Yes, it’s true… precious metals investors have lost interest in gold and silver as the stocks, real estate, and crypto markets reached new highs in 2017. So, who wants to continue purchasing gold and silver when many cryptocurrencies were experiencing 10% increases in a day.

Historians will look back at 2017 as the year that asset prices went utterly insane. Of course, the cryptomarket enjoyed the highest gains compared to most assets, but many stocks hit bubble territory last year as well.

Here is a small list of Big Gaining Assets in 2017:

  1. Dow Jones = +26%
  2. Nasdaq = +29%
  3. Netflix = +55%
  4. Amazon = +67%
  5. Caterpillar = +73%
  6. Bitcoin = +1,500%+

Now, let’s look at the gold and silver price increases in 2017:

  1. Silver = +6%
  2. Gold = +14%

While gold did go up more than double silver last year, many investors became frustrated with the metals and turned to making big gains in stocks and cryptos. Furthermore, the motivation to protect wealth by purchasing precious metals didn’t seem to matter anymore because the Dow Jones Index is supposedly going to 50,000 and Bitcoin, $100,000. So, with these sorts of gains in the future, why on earth would anyone want to buy precious metals?

Investors and the public today have become totally irrational. Also, no one wants to work anymore. Instead, we rather put $5,000 in Bitcoin or the other 1,500 cryptos so we can retire to Tahiti with our massive Blockchain profits. Furthermore, if we watch some of the videos by the crypto aficionados, that is precisely what they are doing… well, at least on a temporary vacation basis. Nothing like learning about cryptos from someone sitting on the beach drinking cocktails.

And, if an individual isn’t making $millions in cryptos, then the next best thing is the exponentially rising stock prices today to make money hand over fist. If an investor was smart enough and invested a mere $10,000 in Amazon at the low of $50 in 2009, they would be holding on to $300,000. Yes, I realize this isn’t like making $millions in the cryptos, but not everyone can be a millionaire.

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