US Mint Coin Sales YTD: Gold Weak and Silver Strong
Sales of gold Eagle and Buffalo coins by the US Mint are off to a very slow start in 2014. Year to date sales are down 46% from 2013. Gold coin sales have not been this slow to start a year since 2008. Is demand weak or supply constrained? Sales are off to a strong start in April. Only 4 days in, April sales are already more than half of March sales.
Silver on the other hand is off to a very strong year. Year to date sales are only 2% less than 2013, which was a record year. 2014 sales were off to a slow start in January because 2014 silver Eagles were released in smaller allotments over a longer time than in previous years.
http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=bullion
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