Friday, April 4, 2014

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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