SILVER EAGLE SALES CLOSE IN ON 40 MILLION

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SRSrocco
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SILVER EAGLE SALES CLOSE IN ON 40 MILLION

DEC SILVER EAGLE SALES JUMP 400,000 SINCE FRIDAY

It looks like we will hit 40 million silver eagle sales in 2011, up 5.5 million or 15% over 2010.  This is part of a new article I am writing.  U.S. Domestic Silver production is forecasted to decline to 35 million ounces in 2011.  So we can see that their isn't enough domestic production to supply enough silver for the silver eagle demand.

Next year it will be even worse.

Edited by admin on 11/08/2014 - 06:08

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bernard
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SRSrocco, Love your work..

SRSrocco, Love your work.. keep it coming. Read your last report on ZH and I agree with you 100%--- it's all about EROI..

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SRSrocco
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The EROI Ratio is MUCH LOWER than most have figured

bestever...  I just started posting here on Turd's blog and I must say the ability to easily post pictures and graphs is a plus.

The EROI -energy returned on invested is everything.  The Falling EROI was the reason the Roman Empire collapsed and will be the reason why the U.S. Empire will suffer the same fate.  Most analysts including the infamous Martin Armstrong believe the reason for the collapse of the present financial system (esp. the USA) is due to monetary printing, derivatives and socialism.  While these are partially to blame, they are in fact mere SYMPTOMS and not the DISEASE itself.

The Falling EROI of oil and gas has put severe pressure on the World Fiat Currency System.   The world stopped growing its oil supply in 2005 and has been in a plateau ever since.  Take a look at the chart below:

For the Fiat Currency System with Compound Interest to continue it must have 2-3% annual growth  to pay back the past years' previous interest.  This 2-3% growth comes from the growth of the global energy supply.  Thus...we have our Fiat Ponzi Scheme.  The reason why the Derivatives and the exponential growth in Money Supply have taken off since 2005, is due to the fact it is trying to compensate for the ZERO ENERGY GROWTH.

Once the system breaks, we never come back.  We head into a much different and more local lifestyle.

ADDITIONAL NOTE:  I will be posting updates to the AMERICAN SILVER EAGLE SALES here

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SRSrocco
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WE INCH CLOSER TO 40 MILLION SILVER EAGLE SALES

Will we make 40 Million Silver Eagles by the End of 2011??

Silver Eagle Sales are still rising while Gold Eagle Sales have actually declined from 2009 & 2010.  

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So It Goes
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ASE

Yes - 40+ million eagles this year.

I got ASEs to bet if anyone wants to bet me and take the under. wink

Keep stacking.

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