ALERT: I was amazed to learn that all the coin shops in my area have a glut of silver eagles. The dealers stated people have been selling so many of them lately. I polled many coin dealers..
I asked them all, why is this ? Most Dealers stated, not only silver but gold as well, they are selling to use the money to play the stock market.. I couldn't believe my ears, however, many also said they were tired of holding them because they don't want to loose anymore money holding unto them. Dealers buy price is SPOT for Eagles, and sells them for 3-4 dollars over spot.
I live in the Midwest and that is what is going on in this area. Has anyone information in their area ? Please share were all in this together.