US Mint sales of gold and silver

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Very interesting. Gold:silver volume inversely proportional to GSR.
 
yeah, it seems logical, that one is the exact inverse of the other - one would expect, that pure supply/demand dynamic would establish price ratios that way.

I was getting that feeling recently, that the historical GSR, as we often refer to (in the region of twenties), is not necessarily something that is apropriate nowadays - had seen some good article on Seeking Alpha, that the current GSR is quite appropriate to current supply in these two metals. It seems to confirm that.
 
Consider that this is just sales from the US Mint - a window on (physical) investment demand. It would be interesting to see a similar window on industrial demand for physical silver versus gold.
 
I don't have any more faith that the mint is telling the truth than I do of the Fed telling the truth. They are all GovCo liars.

[...and their pants are all on fire]
 

http://www.mineweb.com/mineweb/content/en//mineweb-silver-news?oid=168530&sn=Detail
 
PMBug, I think 2013 will se some epic shifts in the PM markets and PM miners. I have read several articles speaking about hedge funds and large investing entities starting to dip in to teh pool of miner stocks lately. It has been a pretty quiet move that to me at least, makes me think we shall see some material price movement, perhaps even in this quarter.

I sure hope so.
 
US Mint sales impress..

http://www.caseyresearch.com/gsd/ed...ernment-admits-its-war-gold-and-wages-it-open

 
Happens to me all the time superhero!

2013 promises to be an exciting year of buying more gold. As long as the income comes in (and I do not get it all taxed away...), I'll be showing up at my local coin shop.

Since our FECKLESS POLITICIANS keep screwing us, I do not see alternative to buying PMs. That would include Pb and related...
 
My ratio was 25:1. Bought 50 silver maples and 2 gold ones yesterday.

BTW, as expected, prices dropped right after I bought.

Ugh.

Double ugh as prices keep dropping.

POG currently $40 below purchase price, POS $1.50 below purchase price.

 
Double ugh as prices keep dropping.

POG currently $40 below purchase price, POS $1.50 below purchase price.


What has changed? Were you planning on selling today?

<slap>

Don't look at your P&L. Unless you are a trader that is...
 

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=26694
 
Ok, I know I'm the FNG around here... but I thought when demand for these commodities went up, then the prices went up as well? Is there that much manipulation with the paper stocks?
:shrug:

Val
 
I've been contributing to the demand for phys - not huge, of course. But I think, though my "system" doesn't say "trade paper long" right now, that it will soon, and this is fairly close to a bottom on gold - we're near the most recent support, a little room under, a lot over where we are now. And it's been gold and silver eagles. I'm going slow as we might drop a bit more to what I see as the real support level, but I'm still going.

Mouth=money, on this one.
 
When the decoupling happens, it's going to be epic.

There is an absolutely massive decoupling coming soon. Too soon I think

Excluding other uses (Jewelry & Technology) there about 40 million ounces of gold available annually for investment (Incl. Mined & recycled), so about 10 million ounces every 3 months. So the 246 000 ounces the US mint has sold so far (2.5% of the total) might be manageable for a little while especially if they are dipping into US gold reserves.

However with silver, (excluding industrial and Jewelry) there is only 300 million ounces of investment silver available a year (Incl. Mined & recycled). Or 75 million ounces every 3 months...

The US mint has already sold 14.2 million ounces this year, that's nearly 20% of globally available investment silver for this period just on silver eagles. It simply isn't sustainable, especially as there are also no stockpiles of silver & the Southern Europeans are probably buying by the boatload.
 
Ok, I know I'm the FNG around here... but I thought when demand for these commodities went up, then the prices went up as well? Is there that much manipulation with the paper stocks?
:shrug:

Val

Ignore the spot price and take a look around your local coin stores. In my area, palladium is non-existent, platinum is only seen in the occasional high priced proof coins, silver eagles are going for ~5 dollars over spot if you can find them, and gold eagles (spot + $99) are the only gold that is regularly in stock.
 
Q1 2013 US Silver Eagle Sales Beats All Records

All the numbers are bot in yet but look at the detail in the link !

Only a week ago, we wrote how the physical silver investment demand is historically high. We got to that conclusion based on the physical holdings of all silver ETF’s combined, as well as the 2013 US Silver Eagle coin sales.

This is the table we published exactly one week ago. It shows the Q1 sales of each year since 2008. Obviously, March 2013 was not complete at that moment in time.

Today’s US Mint figures show an astonishing increase of almost a million ounces over the past week. March 2013 stands now at 3,356,500 silver ounces sold. Replace the latest figure in the above table with the most actual one, and it becomes clear how this is the best first quarter ever (the figures before 2008 were consistently lower).

Now we did an easy but interesting exercise. The first quarter of 2013 saw sales of 14,2 million ounces of US Silver Eagles. We compared this Q1 2013 figure with the total of each year since this giant gold & silver bull market started in 2001. The comparison needs no additional comment (but readers should feel free though to comment in the section below).

Q1 2013 equals 42% of total 2012 US Mint sales of Silver Eagles
•Q1 2013 equals 35% of total 2011 US Mint sales of Silver Eagles
•Q1 2013 equals 41% of total 2010 US Mint sales of Silver Eagles
•Q1 2013 equals 49% of total 2009 US Mint sales of Silver Eagles
•Q1 2013 equals 72% of total 2008 US Mint sales of Silver Eagles
•Q1 2013 is already 40% higher than total 2007 US Mint sales of Silver Eagles
•Q1 2013 is already 42% higher than total 2006 US Mint sales of Silver Eagles
•Q1 2013 is already 69% higher than total 2005 US Mint sales of Silver Eagles
•Q1 2013 is already 47% higher than total 2004 US Mint sales of Silver Eagles
•Q1 2013 is already 56% higher than total 2003 US Mint sales of Silver Eagles
•Q1 2013 is already 41% higher than total 2002 US Mint sales of Silver Eagles
•Q1 2013 is already 61% higher than total 2001 US Mint sales of Silver Eagles


http://goldsilverworlds.com/gold-silver-general/q1-2013-us-silver-eagle-sales-beats-all-records/ :wave:
 
& they're already listing 812 000 sold for April... (Obviously big amount carried over from March)

& over 15 million ounces sold YTD.
 

http://silverdoctors.com/us-mint-sells-nearly-1-million-silver-eagles-monday-begins-rationing-sales/

I couldn't find any corroboration to The Doc's claims about the rationing of ASE sales (yet?).
 
A few of those silver ounces are reserved (ie. bought, but not yet delivered) for me.
 

http://www.zerohedge.com/news/2013-...-one-tenth-ounce-gold-coins-due-strong-demand
 
Roughly a million a week. That sounds sustainable.
 
US Mint resumes production/sales of 1/10 ounce gold eagles:
http://www.mineweb.com/mineweb/content/en//mineweb-gold-news?oid=192134&sn=Detail
 
...

In June my wife and I will be go to Canada. I will report to pmbug.com how available gold & silver are up there. I hear it is easy to buy gold at banks, we will see.

I am particularly interested in the availability of fractional gold (esp. 1/10 and 1/4 oz sizes) of Maples.
 
Yeah they must have put the 'sold year to date total' in the July column & that's what was showing up.

2.5 million is still a good total, as I saw they up dated that on 16th of July, so still a lot of the month left to go.
 
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