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View Full Version : YTD and month of June sales numbers from US MINT,



silverchris
13th July 2010, 11:02 AM
http://news.coinupdate.com/us-mint-bullion-sales-silver-eagles-continue-record-pace-0349/

Total gold bullion sales for the month came in at 185,000 ounces. Sales of one ounce Gold Eagle and Gold Buffalo coins each dropped by more than half compared to the prior month. Some of the shortfall was made up by the newly released fractional weight Gold Eagles, which sold 31,000 one-half ounce coins, 44,000 one-quarter ounce coins, and 280,000 one-tenth ounce coins. Sales of this year's one-tenth ounce coin already exceed the total achieved last year when the coins were briefly offered in December.

The US Mint recorded sales of 3,001,000 of the one ounce American Silver Eagle bullion coins. This represents the fourth month this year when sales have exceeded the 3 million level. For all of 2009, monthly sales had only exceeded this level on one occasion. Year to date silver bullion sales after six months have reached 18,168,500 ounces. If the current pace continues, annual sales would easily top the record sales of 28,766,500 achieved last year.

JohnQPublic
13th July 2010, 12:51 PM
3,001,000/185,000 = 16.2:1 :)

The historic ratio is implied as people buy for monetary purposes!