US MINT SELLS 8.2 MILLION SILVER EAGLES OVER FIRST 17 DAYS OF 2013 PRODUCTION!

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After selling an all-time monthly record of 7.498 million Silver Eagles in January, the US Mint has picked up right where it left off in February once it began reporting sales figures again, announcing nearly 3/4 of a million silver eagles were sold Monday. 

The Mint has now sold a whopping 8,173,500 silver eagles during a mere 17 business days in operation during 2013, nearly 25% of the entire annual sales for 2012 of 33 million! 

2013 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 7,498,000
7,498,000
February 675,500
675,500
Total 8,173,500
8,173,500

The 8.2 million Silver Eagles sold during the mere 17 business days that the US Mint has been open in 2013 equal over 24% of the Mint’s entire 2012 sales of 33 million ounces!

2012 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 6,107,000
6,107,000
February 1,490,000
1,490,000
March 2,542,000
2,542,000
April 1,520,000
1,520,000
May 2,875,000
2,875,000
June 2,858,000
2,858,000
July 2,278,000
2,278,000
August 2,870,000
2,870,000
September 3,255,000
3,255,000
October 3,153,000
3,153,000
November 3,159,500
3,159,500
December 1,635,000
1,635,000
Total 33,742,500
33,742,500

The Mint has sold 150,000 ounces of Gold Eagles year to date, meaning the Mint continues to sell approximately 55 times the volume of silver to gold, while the 2012 silver to gold mining extraction ratio was approximately 9 to 1!

How much longer can the paper market shenanigans result in a market distortion of 1 to 1 ratios of investment dollars going into physical silver as well as gold without an eventual explosion of the silver price to the upside as free market forces take over?

2013 Gold Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
Half
( oz. / #coins )
Quarter
( oz. / #coins )
Tenth
( oz. / #coins )
Total
( oz. / #coins )
January 124,500
124,500
8,500
17,000
6,000
24,000
11,000
110,000
150,000
275,500
February 0
0
0
0
0
0
0
0
0
0
Total 124,500
124,500
8,500
17,000
6,000
24,000
11,000
110,000
150,000
275,500

FEBRUARY 6, 2013 BY THE DOC - Silver Doctors

http://www.MissionMining.com 

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