U.S. And Canadian Mint Sales: All Of Domestic Silver Supply Used Solely For Bullion:Read This Carefully--When The Panic Comes You Won't Be Able To Find A Silver Bullion Coin Or Bar Available At Anything Less Then Un- Imagined Price Levels!

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GLD, PHYS, PSLV, and SLV investors may want to start following the North America bullion markets because demand is so strong that it is using up all of domestic mine supply. We will get into that in a little bit, but for now let us look at U.S. bullion sales for the month of May.

Analyzing the US Mint Sales Numbers

When analyzing sales numbers it is important that investors go past the headlines and dig deep into the true nature of the sales. For brevity we are only showing the last few years of sales, but for doing comparisons we have used data from the beginning of the current bull market in 2001. We also use the average monthly London price fix to calculate the dollar value of the month’s bullion sales.

To start, let’s take a look at the U.S. Mint sales numbers for silver and gold for May and compare them to the same month in previous years. We are doing a year-over-year comparison because coin sales are very seasonal in nature and to get a fair read we have to compare May to May.

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We know that last month’s April sales broke all sorts of sales records, so we were expecting a little bit of a slowdown in gold and silver sales. May sales came down from the previous month’s totals, but still are at exceptionally high levels. Richard Peterson, the acting director of the U.S. Mint, commented that “Demand right now is unprecedented. We are buying all the coin (blanks) they can make,” – that comment was made in June or two months AFTER the record-breaking April.

As investors can see from the table above, May sales continue to be exceptionally high for gold and silver. Silver once again surpassed 3 million ounces sold for the month and gold was fairly strong at 70,000 ounces sold. On a year-to-date basis, gold and silver sales are still breaking records and gold sales are 8,000 ounces higher than any other previous year, while silver sales are almost 2 million higher than the second highest silver sales year.

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Via: Stevequayle.com