June Mint & ETF numbers - update,

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#1 Fri, Jul 1, 2011 - 12:26pm
dropout
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June Mint & ETF numbers - update,

For the month of June both the GLD and the SLV ETF's have shown net withdrawals. As of yesterday GLD had a net withdrawal of 80,754 ounces, while the SLV suffered a loss of 12.9 million ounces.

This portends that investors are quickly losing confidence in these 'paper' precious metals financial vehicles and are calling for the physical, as they trade in their shares for the real thing.

Also for the month of June, the US Mint has reported (as of yesterday) that they have sold 61,500 gold eagles, 5,500 1 oz. 24 crt gold buffaloes and 3,402,000 silver eagles. For the month of June being one of the doldrum months, the silver eagle sales are the third highest. The above totals give the Mint's June gold/silver sales ratio of 1:55

Edited by: dropout on Nov 8, 2014 - 5:06am
Sat, Jul 2, 2011 - 2:35am
So It Goes
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Mintage Figures

Hi OutLookingIn,

Could you please post a web site for the US Mint figures quoted above.

Thanks.

Sat, Jul 2, 2011 - 10:30pm (Reply to #2)
Captain Benny
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Link to 2011 mint #s

Sat, Jul 2, 2011 - 11:24pm
So It Goes
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Mintage

Thanks,

That is very helpful.

By my back of the sheet calculation - through the end of June, ASE sales are up 22% yoy.

randomness