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Old 12-23-2011, 12:02 PM   #1
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Smile US Mint sales of gold and silver eagles

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With 6 business days remaining in 2011, US Silver Eagle sales are at 39,868,500, only 131,500 ounces away from 40 million ounces sold for 2011.

Month to date the US Mint has sold just over 2 million ounces, putting sales totals on pace to end 2011 at approximately 40,600,000, shattering the mint's 2010 record sales total of US Mint Gold Eagle sales for 2011 have hit exactly 1,000,000 ounces sold (includes 1oz, half, quarter, and 1/10th oz coins- total number of coins sold=1.48 million).

Unlike Silver Eagle sales which smashed previous records, 2011 Gold Eagle sales are actually down 20% from 2010 which saw 1.22 million ounces sold, and down 30% from 2009, which saw 1.435 million ounces sold.

Interesting that US Mint sales confirm what Turk and Sprott have been saying about dollars going in to silver and gold at a 1:1 pace. GSR @ ~53 is heavy on gold when demand appears to be 1:40 right now.
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Old 12-23-2011, 03:45 PM   #2
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Your post just catalyzed a question in my mind PMBug...

Does anyone here have any idea how much money is invested in (physical) silver vs. gold?

Maybe the $ value of the Eagles is a reasonably good proxy for the public at large.

1:1. To me, that is a little bit of a surprise. My Au is about 78% of my PM holdings ($ value). But, silver IS more affordable...
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