BREAKING: Canadian Maple Leaf Sales Q1-Q3 Already Surpass 2012 Total
Demand for the Canadian Gold & Silver Maples hit a record in 2011, but then declined in 2012 as investors started to believe that the monetary authorities had the financial system back under control — an illusion that will cost them dearly in the future.
After the huge take-down of the price of gold and silver during April of this year, demand for the Canadian Silver Maple Leaf bullion coins picked up to record levels. Not only were Silver Maple sales strong in the second quarter due to the extremely low price of silver, but demand was even greater during the third quarter… hitting a new all time record. If we look at the chart below, we can see just how much sales of the Canadian Silver Maples have increased compared to the same period last year.
In the first nine months of 2012 total Silver Maple sales were only 12.8 million compared to the 19.7 million sold so far in 2013. This is a huge 54% increase y.o.y at nearly 7 million more Silver Maples sold.
Again, the third quarter sales of Silver Maples hit a record of 6.7 million compared to 4.8 million in the same period last year. This is the same phenomenon taking place with Silver Eagle sales. Sales of Silver Eagles increased in the third quarter at 11.0 million compared to 10.8 million in Q2 2013.
Furthermore, Gold Maple Leaf sales in the third quarter are still quite strong even though demand has dropped off compared to the previous quarter.