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Silver sales sets record, ASE on Allocation in FY2013 from January 28, 2013 to the end of the FY in

MsMorrisineMsMorrisine Posts: 33,091 ✭✭✭✭✭
in Precious Metals
From the 2013 Mint Annual Report


The Mint sold 44.7 million ounces of silver bullion coins in FY 2013, passing the previous record of 44 million ounces sold in FY 2011.

Because of this ongoing high demand for silver bullion, the sales of American Eagle Silver Bullion Coins went under allocation on January 28 and remained on allocation through the end of the Fiscal Year.

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Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    What a difference a year makes...

    Silver sales ares down by 36.3% from the year ago period of January 2013 when sales had reached a record breaking 7,498,000 coins.

    Gold sales are down by 39% from the year ago period of January 2013 when sales had reached 150,000 ounces.

    An indication of lackluster sales in the forecast for the rest of 2014?



    2014 ytd sales
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>What a difference a year makes...

    Silver sales ares down by 36.3% from the year ago period of January 2013 when sales had reached a record breaking 7,498,000 coins.

    Gold sales are down by 39% from the year ago period of January 2013 when sales had reached 150,000 ounces.

    An indication of lackluster sales in the forecast for the rest of 2014? >>


    Dash to cash by those doing their homework.


    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • pf70collectorpf70collector Posts: 6,655 ✭✭✭
    Probably lower bullion sales because investors don't want to get burned anymore than they have if they bought the past couple of years at the highs.
    Montana State Quarter Die Clash

    Box of 20
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    The wild ride has just begun..... IMO...should be interesting, especially the next few weeks. Being an election year, and one of significance, I would expect some sort of control to be implemented soon.... Cheers, RickO
  • cohodkcohodk Posts: 19,137 ✭✭✭✭✭


    << <i>

    << <i>What a difference a year makes...

    Silver sales ares down by 36.3% from the year ago period of January 2013 when sales had reached a record breaking 7,498,000 coins.

    Gold sales are down by 39% from the year ago period of January 2013 when sales had reached 150,000 ounces.

    An indication of lackluster sales in the forecast for the rest of 2014? >>


    Dash to cash by those doing their homework. >>



    I thought those that did their homework were buying in 2010, 2011, 2012. Did the teacher make them redo their assignments? What about those F's on the previous work? That doesnt count toward the final grade? Maybe the pupils just need a new teacher?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>What a difference a year makes...

    Silver sales ares down by 36.3% from the year ago period of January 2013 when sales had reached a record breaking 7,498,000 coins.

    Gold sales are down by 39% from the year ago period of January 2013 when sales had reached 150,000 ounces.

    An indication of lackluster sales in the forecast for the rest of 2014? >>


    Dash to cash by those doing their homework. >>



    I thought those that did their homework were buying in 2010, 2011, 2012. Did the teacher make them redo their assignments? What about those F's on the previous work? That doesnt count toward the final grade? Maybe the pupils just need a new teacher? >>



    Ge whiz, no one is perfect, and we all make mistakes, but learning from our mistakes is the secret of success.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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