U.S. Mint sells 147k ounces of gold last month

lilolme

So last month the US mint sales were reported as down. Now the opposite.
Hmmm..

Kitco

https://www.kitco.com/news/2022-06-01/U-S-Mint-sells-147k-ounces-of-gold-last-month-a-sign-of-growing-investor-anxiety.html

While gold prices appear to be trapped in neutral below $1,850 an ounce, physical demand for the precious metal appears to tell a different story, one of growing investor anxiety, according to some market analysts.

In its monthly sales data, the U.S. Mint sold 147,000 ounces of gold in various denominations of its American Eagle Gold bullion coins, the best May performance since 2010. Compared to April, sales are up 67%. For the year, bullion demand is up a massive 617%.

Even taking COVID-19-related production issues out of the equation, U.S. gold bullion sales are up more than 400% from the five-year average between 2015 and 2019.

Article continues at link.

ricko

Bullion gold commands a premium over ET prices.... and people are stacking. Cheers, RickO

Wolf359

gresham's law