US Mint Sold 74 Times More Silver Than Gold in August for 2nd Consecutive Month!

The US Mint sold nearly 75 times more Silver Eagles than Gold Eagles in August, for the 2nd consecutive month!
The Mint sold 74.6 times the amount of silver than gold in July, and 73.5 times the amount of silver than gold in August.

Physical silver sales simply cannot continue to be 75 times gold sales when the natural in-ground mining ratio is now 8-1 (2011 world average).

If these sales trends continue (and we are currently seeing even more extreme silver/gold sales ratios at SD Bullion), eventually the free market supply and demand fundamentals will see silver EXPLODE IN VALUE RELATIVE TO GOLD.

 

The Mint’s sales totals are in line with what we have experienced at SD Bullion over the past month, as silver sales volume is markedly increased across all products since silver cleared $28 to the upside bringing some life and hope back to silver investors.

Look for the Mint’s silver eagle sales to continue to pick up as this next bull rally continues.   We expect the Mint’s 2013 sales to likely surpass the 40 million ounces sold in 2011 and set a new record.

2012 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 6,107,000
6,107,000
February 1,490,000
1,490,000
March 2,542,000
2,542,000
April 1,520,000
1,520,000
May 2,875,000
2,875,000
June 2,858,000
2,858,000
July 2,278,000
2,278,000
August 2,870,000
2,870,000
September 375,000
375,000
Total 22,915,000
22,915,000

Gold

 

2012 Gold Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
Half
( oz. / #coins )
Quarter
( oz. / #coins )
Tenth
( oz. / #coins )
Total
( oz. / #coins )
January 84,500
84,500
24,500
49,000
9,500
38,000
8,500
85,000
127,000
256,500
February 20,000
20,000
0
0
500
2,000
500
5,000
21,000
27,000
March 57,500
57,500
1,000
2,000
0
0
4,000
40,000
62,500
99,500
April 19,000
19,000
0
0
500
2,000
500
5,000
20,000
26,000
May 49,000
49,000
1,500
3,000
1,000
4,000
1,500
15,000
53,000
71,000
June 55,000
55,000
1,000
2,000
1,500
6,000
2,500
25,000
60,000
88,000
July 28,500
28,500
0
0
500
2,000
1,500
15,000
30,500
45,500
August 34,000
34,000
1,500
3,000
1,000
4,000
2,500
25,000
39,000
66,000
September 6,000
6,000
0
0
0
0
500
5,000
6,500
11,000
Total 353,500
353,500
29,500
59,000
14,500
58,000
22,000
220,000
419,500
690,500

[