Rush To Safety: Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January

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Top Tier Gear USA

While public officials may be ignoring the continued deterioration of our economy, job losses to the tune of hundreds of thousands of people weekly, and the unprecedented demand for government emergency support services like unemployment insurance and food assistance, Americans who sense uncertainty in the air are flocking to the safety of physical resources.

Our first point of interest is a recent report from the Federal Reserve that indicates some $114 billion dollars in cash was withdrawn from the nation’s largest banks in the last thirty days. Those holding their money at bailed out financial institutions are understandably concerned because the government’s $250,000 deposit insurance guarantee program, originally implemented to restore confidence in the wake of the 2008 financial crisis, expired at the end of 2012. That and the US fiscal situation has never been worse, with one Obama official recently having said the solution to the country’s woes is to simply kill the dollar.

This suggests investors and cash savers are no longer confident in the purported safety of the country’s “too-big-to-fail” institutions.

The next obvious question then is, “where did this money go?”

Part of the mystery may have been unraveled when the US Mint released its latest sales and inventory report.

According to the mint, investors purchased nearly half a billion dollars in gold and silver in the last 30 days. There was, in fact, so much money shifting into physical precious metals in January that the mint was actually forced to cease operations because they couldn’t meet demand.

massive 7.4 million Silver Eagles were purchased from the U.S. Mint in January, considerably higher than the previous record from early 2011.

After halting Silver coin production/sales for over a week, the Mint re-opened yesterday and demand once again surged.

Having almost doubled from the first week in January, there remains two more days before the book is closed on January’s sales.

At 140,000 ounces, the Mint has also sold the most ounces of gold in January in almost three years, suggesting the rising ‘currency wars’ are stoking people’s ongoing rotation from paper-to-physical assets as their ‘wealth’ slowing loses its value.

With a Silver Eagle trading at around $31 per ounce and the gold spot price at near all time highs of $1650, the US Mint saw some $460 million dollars shift into precious metals in the month of January alone.

What’s equally as interesting, and perhaps a harbinger of the coming chaos, is that the People’s Republic of China is also shifting a large amount of its cash reserves into physical resource based investments that include agriculture, energy, and precious metals, a move that has caused confusion among experts at the United Nations.

With the political situation in this country rapidly dwindling because of government interference on all levels, a recession for 2013 already baked into the cake, and a global economy on the brink of collapse, there is one primary motivating factor driving money into gold and silver.


As we’ve seen recently with shortages in emergency food rations and supplies, firearms and magazines, and now gold and silver, Americans are no longer confident in the stability of the system as a whole, and they are diversifying their assets into physical resources that will retain value should the global financial, economic, monetary, and geo-political systems come unhinged.

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Contributed by Mac Slavo of

When it hits the fan, don’t say we didn’t warn you. Mac Slavo is the editor of, a resource hub for alternative news, contrarian commentary and strategies that you can take to protect yourself from the coming global paradigm shift.

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  • GrandpaSpeaks

    Whats that popping sound over at the silver derivatives counter? Once the supply side dynamics of physical bullion becomes apparent, well, ever heard a derivatives bubble 10 times the worlds collective GDP explode? Financial Engineers flying everywhere. Thanks Mac. Warning heeded. I worry about the new taxes on any windfall on bullion holdings. Its predictable.

    • Truthhound

      You either have your wealth in physical form [Gold, Silver, Cattle, Land…] or it’s Challenger go with throttle up.

  • Justcause

    Soilution to taxes might be never sell your metals. Use them for collateral.

    • neslo

      I like that, gold as a class one asset.

    • GrandpaSpeaks

      Imagine being able to do with your bullion what the central bankers can do with theirs. Now there, is the definition of tyranny. Lend, lease, rehypothecate, refuse audits, lie (commodity or Tier 1 asset). And voila, it is still there in your vault, full value as per IMF rulings. You do that with your bullion and see how you fare. The fuzzy line is somewhere between the shoplifter and MF Global. Yes, under their rules for us, collateral is all the people are allowed without selling. We are allowed financial planning, not engineering.

  • BILL

    just alittle lesson from history,people cant protect or feed themself with gold and silver.
    what is worth money if shtf or wrol happens in the near or distant future the only things worth money is survival needs protection things as fire arms and ammo and bad boy items like cigaretts or tobacco products and any type of booze or prescription med for people with health problems not addict stuff those people will be dead.

  • whyarewesostupid

    I would love to purchase gold [cant afford it] silver i could but i buy gift cards u can buy them for 50 to 70 cents on the dollar off craigslist i just have them meet me at the store and purchase what i need then i give them the % that we agreed on that way i dont get scammed for example the other day i bought 200.00 worth of gas for 100 bucks. i have a lot of preps i buy old propane tanks for about 5 bucks a piece then exchange them when i need new tanks and use a gift card and pay 60 percent of retail for new ones with exchange I guess that i will probaly wind up with some silver if i want it if the shtf. how much would someone pay for some hot chocolate or beans or coffee or a months supply of clean water or baby wipes or fresh cows milk i do have a few milk cows and it is easy to learn how to pasturze it i was raised on a farm and my mother did it for years we never bought milk from the store unless chocolate that was a treat things like pool shock or big pots that u pick up at yard sales will be worth a lot. i bought three big pots / 2 sets of kitchen knives a 4 braces ;handrills for u that dont know ] and 2 cigar boxes of bits for 20.00 this past summer how much is a 55 gallon drum full of charmin toilet paper worth that u paid 50 cents on the dollar for check yard sales there are some good things there

  • whyarewesostupid

    There are also some good deals on craigslist i put an ad for some gas cans because I dont like the new ones i offered 10.00 a piece for them a guy called me and i went to pick them up he had 4 that i was looking for this guy had a couple of rental properties I paid him the 40.00 and he asked was i interested in the others he had like 30 more i told him not really he said he was moving and didnt want to throw them in the trash I asked what he wanted for them as i really didnt want them and he said how about 20 bucks i told him i really didnt need them and offered 10 he said take them so i got 50.00 in 34 gas cans all of them were in good shape none wre faded and all had spouts and there were only like 4 one gallon ones. I asked him were he got them and he said his renters would just leave them when they moved.I brought them home and hung them up in the barn. I think gold and silver would be good but u should have the more important stuff covered before u start buying stuff that you are going to have to give to someone else in order to survive . I have beef and a few dairy cattle and free range chickens and 1 mile of river frontage on the backside of my farm .I would be willing to share with those in need but do u think he people with the gold and silver would share with those in need probaly not so i imagine i will aqiure some along the way . I am also 17 miles from the nearest town on a dead end road and live 1 mile back the drive way how much do u think someone would pay to come to my house and ride it out ,I also kave spring water an 3 generators and a woogd burning stove with over 300 acres and loaded with game, but I am 47 year old farmer and have been prepping for life didnt know I was though, prepare yourself I think we have a very hard road ahead of us. GOD BLESS AND I HOPE NOTHING BAD EVER HAPPENS .

  • Cymro

    $460 million @ $1650 means about 280,000 people bought 1 oz of gold. How is this a rush to safety? Come on people the math is in front of you, don’t be stupid. Think for yourself. 280,000 out of 350 million sounds like odds on the lottery. These people want to sell gold because they have scared the shit out of you. Just like they are doing with ammunition. Dont buy high so you can sell low. In a worst case scenario how would you even barter with gold? Have you got the scale to weigh a gram of gold? And how would you know what it is worth if the shit did hit the fan?

    • GrandpaSpeaks

      No offence Cymro, don’t forget the bank run just the first week of January was 25 Billion as per the Fed reports. Same reason, currency wars forcing people to consolidate wealth, whats left of it. Those that keep track, estimate that since Obama took office, the elite have transferred 40% of the collective wealth of America gained since its inception in 1776. There is the lottery, guaranteed win. We now have four more years. Do the math on that. But I hear ya buddy, they will go after gold, after they get the lead. They both preserve wealth. And they “wants” it, by gollum.