As the price of silver dips demand soars
By Peter Walden, News Editor
11 Dec 2015
Over 44 million American eagle silver coins have been sold in 2015, setting a new record for the amount sold in a calendar year. With the price trading close to a six year low the U.S. Mint expects demand to remain solid for the remainder of the year. Since 2007 demand has increased every year as retail investors seek to protect their wealth.
Sales of the popular Canadian Silver Maple Leaf are also at record levels and are expected to exceed 30 million ounces. In the UK investors favour the Royal Mints 1 oz. Britannia silver coins as it is capital gains tax exempt (CGT).
Any dip in the price ignites silver demand and with the price near a seven year low, retail investors have taken advantage to diversify their portfolios. Government minted silver coins are one of the most popular ways for retail investors to buy silver.