SideNote: Kolala has been horading all the Silver thats why the U.S. ranked #1 Stacking Silver !!!

GRIM

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Filed in Precious Metals by SRSrocco on June 20, 2016

(excerpt)

The United States experienced a huge increase in silver bar demand in 2015 due to the inclusion of “Private rounds and bars” now in the data. So, all private silver bar and rounds sold are lumped into the Silver Bar category.

Even though India ranked first place when it comes to silver bar demand, if we include Official Coin sales, the U.S. is now the global leader of physical silver investment:

In 2015, the U.S. Mint sold 48.6 Moz of Official Silver coins while India ranked fifth at 8.9 Moz. If we add silver bar demand to these figures, the U.S. was the leader at 100.4 Moz while India came in second at 91.4 Moz. (2016 World Silver Survey, pg. 25). The rest of the world accounted for the remaining 100.5 Moz of the total 292.3 Moz of Silver Bar & Coin demand.

Furthermore, the Silver Bar & Coin demand of 100.4 Moz for the United States may be quite conservative. Why? Because, I believe Americans buy a heck of a lot more foreign Official Silver Coins to more than make up for the amount of U.S. Silver Eagles exported abroad. We must remember, Americans don’t have to pay a vat tax when they buy silver.