The Silver Bug: The tale of two markets continues with paper and physical precious metals. One is easily manipulated and suppressed (the paper market).
The other is driven by demand and cannot be denied.
When looking for the true bull market in precious metals, you need not look any further than the overwhelming evidence that is provided by the physical market.
As we’ve previously discussed, the U.S Mint continues to post record numbers; demand is intense and is rivaling all-time highs.
All this despite the suffering that precious metals have experienced over the last year.
Further evidence of the strength in the physical market can be seen in another mint, which recently released its revenue and profit figures for 2013.
The results are significant.
The Royal Canadian Mint reported its highest revenue in history, bringing in a stunning $3.4 billion in revenues and pre-tax profits of $48 million in 2013.
Part of this record breaking profit was driven by the Royal Canadian Mint’s ever growing numismatic collection, which is highly sought after by collectors worldwide.
The real numbers, however,come in the form of its “bread and butter” products, the gold and silver Canadian Maple Leafs.
(...)Click here to continue reading the original ETFDailyNews.com article: Royal Canadian Mint Reports Highest Sales Ever [SPDR Gold Trust (ETF)]
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