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Royal Canadian Mint Smashes All Records, Strongest Sales Ever of Silver Maples - Nathan McDonald

From the archives of sprott money news

June 6, 2016

It seems like every other week I write an article that states "a new record has been broken". It is truly a sign of the times and an indication of the events that are unfolding all around us in this upside-down world we now find ourselves in.

 

This article is no different. It's another strong indication of what is happening behind the scenes amongst the "smart money". The Royal Canadian Mint has broken yet another record, a record they obtained only just last year.

 

Sales of their ever popular Canadian Silver Maple Leaf have surged in Q1 2016. The results are in and a new record has been made! The mint sold a stunning 10.6 million oz, a 27% increase over their strong sales experienced this time last year in Q1 2015. In addition to this, it is well over 1 million oz more than their all-time record seen in Q3 2015.

 

You may wonder if this is just a one off, yet it is not. Sales of all gold and silver products are up nearly 20% this year over last, indicating that money is truly flowing into precious metals.

 

This has been a long-term trend that we have talked about on this blog for years. Sales keep making new records among the major mints and physical investors of the precious metals continue to accumulate as prices remain at these artificially depressed levels.

 

The rampant manipulation is both a blessing and a curse. On one hand, it has allowed people to take massive amounts of physical off the market and allowed people such as myself to add to our long-term position, building our stacks ever higher. On the other hand, it has damaged those greatly that are ready to begin selling their rounds and enjoy their much deserved retirements.

 

Ultimately, for those of us in the camp that want to see the precious metals move higher in the long term, there is no denying that keeping prices at such low levels for so long is going to destroy the manipulators in the end. The physical markets will once day assert themselves once again and take control of the phony paper price.

 

In the meantime, if prices continue to remain at these stagnant levels, we can expect to see more and more records broken as the world continues to crater on the edge of an epic financial disaster. This is an event that will undoubtedly send precious metals exploding higher as those "late to the party" attempt to get whatever they can, at whatever price.

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Headshot of Nathan Mcdonald

About the Author

Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.

Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.

In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world. He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

Comments

Tony
June 7, 2016 at 6:46 PM
Can the gov trace these sales in order to confiscate??
AnthonyH
June 7, 2016 at 8:26 PM
What Price Gold $7,000… $14,000… $60,000? You may think this will be a wild ride. If you think collateralization, currency equivalents, double-entry bookkeeping and mortgage-backed securities are dull subjects – if you think wishful thinking is a harmless activity – if you think taxes are essential for the development and maintenance – rather than the destruction – of civilization, then, yes, this will be a very wild ride. We are about to study concepts and actions, crimes and fictions that few, if any, others have examined yet relative to their influence on gold. It may also be a disturbing study; for, the dollar is the world’s reserve currency. It is used as gold once was used: to serve as backing, or collateral, for issued currencies around the globe; in the dollar’s case, for the world’s major currencies and a few dozen others. Thus, today, wishful thinking has replaced gold as backing for most of the world’s currencies. Money is the basis for practically all human action; as it is based on solid ground so man’s society will endure. Forget about the house built on shifting sand; we should be concerned about societies built on houses of cards. We also have to deal with another major issue: the Fort Knox gold that went missing. When reporting their financial positions, the US Treasury and central banks world wide list number one on their asset statement, “gold and gold receivables”. In other words, some of the gold formerly possessed by them now exists in paper form only. It is an open admission that this gold has been “plundered”. Our question, “Who took it… and how do we recover this gold?”
John Smith
June 13, 2016 at 5:42 PM
The witch hunt at the University of Missouri claimed another victim today after Professor Dale Brigham was forced to resign for merely daring to suggest that students should stand up to bullies by attending an exam. After death threats were made against students by a suspect who was later arrested by police, Brigham sent an email to members of his Nutritional Science 1034 class which stated, “If you don’t feel safe coming to class, then don’t come to class. I will be there, and there will be an exam administered in our class.” The professor, who is white, urged students to prevent the “bullies” from winning by attending the class. “If you give into bullies, they win. The only way bullies are defeated is by standing up to them. If we cancel the exam, they win; if we go through with it, they lose,” he wrote. Some students responded to the email by venting on Twitter,accusing Brigham of being a, “failure as a human being,” and calling for him to be fired. It is important to emphasize that Brigham gave his students the choice to attend the exam or not, he didn’t even insist on their presence, yet was hounded out anyway for disrespecting their “safe space”. After media reports from the likes of extreme left-wing outlets like Salonamplified the contrived outrage, Brigham sent a subsequent email which stated, “The exam is cancelled. Our students will be able to take the exam at an alternate date with no loss of points. No one will have to come to class today. And, I am resigning my position.” It also emerged that threats of KKK members on campus throwing bricks were completely erroneous, forcing Missouri Students Association president Payton Head to apologize for circulating the false rumors. While Brigham has resigned, Melissa Click, the media professor who called for “muscle” and mob violence to silence the media, has only resigned from her “courtesy appointment,” and appears to have kept her office as mass media professor in the Communication Department. “His class was one of the most popular at Mizzou and he was the friendliest teacher I’ve ever had. It’s a shame that he’s leaving while Melissa Click stays, one student told Campus Reform, adding that Dr. Brigham was “one of the most beloved professors at Mizzou.” Other students said Brigham was a “the nicest guy” and their “favorite professor”.