Message: OT: Record Silver Eagle Sales For 2013
Demand for silver continues to be quite robust. SMF
SILVER EAGLE SALES SHATTER RECORD AT 42.4 MILLION OZ IN 2013!
DECEMBER 10, 2013
The US Mint shut down production of 2013 Silver Eagles today as SilverDoctors’ readers are likely aware, but the 3 weeks early end to 2013 production failed to prevent an all-time sales record for the popular bullion coin.
Coming in at 42,401,000 oz, the Mint bested the previous annual sales record of 39.8 million oz set in 2011 by over 2.5 million oz, even with production shut down after only 926,000 oz were sold in December.
With nearly all of December’s sales pushed into 2014, don’t be surprised to see a new all-time monthly record set in January, as we project 6-8 million ASEs will be reported sold in January.
| January | 7,498,000 7,498,000 |
| February | 3,368,500 3,368,500 |
| March | 3,356,500 3,356,500 |
| April | 4,087,000 4,087,000 |
| May | 3,458,500 3,458,500 |
| June | 3,275,000 3,275,000 |
| July | 4,406,500 4,406,500 |
| August | 3,625,000 3,625,000 |
| September | 3,013,000 3,013,000 |
| October | 3,087,000 3,087,000 |
| November | 2,300,000 2,300,000 |
| December | 926,000 926,000 |
| Total |
42,401,000 42,401,000 |
Contrast with 2011′s monthly sales totals:
| January | 6,422,000 6,422,000 |
| February | 3,240,000 3,240,000 |
| March | 2,767,000 2,767,000 |
| April | 2,819,000 2,819,000 |
| May | 3,653,500 3,653,500 |
| June | 3,402,000 3,402,000 |
| July | 2,968,000 2,968,000 |
| August | 3,679,500 3,679,500 |
| September | 4,460,500 4,460,500 |
| October | 3,064,000 3,064,000 |
| November | 1,384,000 1,384,000 |
| December | 2,009,000 2,009,000 |
| Total | 39,868,500 39,868,500 |
With only 824,500 ounces of gold sold in 2013, the silver/gold sales ratio for the entirety of 2013 is an astonishing 51.42 to 1! Physical sales ratios of 50 to 1 of commodities naturally found in the earth’s crust currently at a 9 to 1 ratio is simply unsustainable over the long term. We suspect 2014 will be the year that silver’s long awaited fundamentals finally take over paper futures market manipulations.
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