Sprott predicts $100 over 2 years. If general prices still didnt rise in comparable degrees then it's gonna require the ASE sales (assumed as representative for delivered demand) to triple. In the mid nineties they sold 5 Moz a year. Around 2000 they sold 10 Moz a year. In 2008 they sold 20 Moz. In 2011 they sold 40 Moz. In 2012 they sold 33 Moz. This year so far they sold 14 Moz. Extrapolated to the year 2013 would be 56 Moz. Of course, things can change. If you watch evolution over a month, sometimes it extrapolates to 2-3 times the amount it really ended with. That short touch of $50 in 2011 required the purchasing of over 200 tonnes silver every day, for 2 months long. To bring Sprotts $100 without general inflation as main cause, well, I'm not sure about it, haha.
does anyone know if the US mint are still putting restriction on orders. Cause iv been noticing that every month there are no sales for about a week. For example last month (March) the web site stopped added to sales 1 week before the end of the month and now they have started on the next month. How is it for 3 weeks you can have 3 million sales then the next week 0? So they must be stopping orders when they feel the public has ordered enough.
could be that the orders are just lumpy? there's not many dealers in the program I think and they may tend to buy at the beginning of the month perhaps. having said that the month got of to a bang.
To accurately judge something like this, it requires more samples For example day ASE AGE AGB 2012/11/17 2,265,500 56,000 2012/11/21 2,359,500 63,000 2012/11/22 2,584,500 67,000 2012/11/23 2,659,500 67,000 2012/11/27 3,059,500 75,500 2012/11/29 3,059,500 120,000 2012/11/30 3,134,500 131,000 16,500 2013/01/12 4,782,000 97,500 36,500 2013/01/15 5,082,000 110,500 39,500 2013/01/16 5,132,000 113,000 39,500 2013/01/18 6,007,000 121,500 39,500 2013/01/19 6,007,000 127,000 39,500 2013/01/23 6,007,000 131,500 66,500 2013/01/26 6,007,000 132,000 67,000 2013/01/29 7,130,000 140,000 72,000 2013/01/30 7,420,000 140,000 72,000 2013/01/31 7,420,000 150,000 72,500 2013/02/01 7,498,000 150,000 0 (feb day due to my other time zone) 2013/02/21 2,522,500 52,000 7,500 2013/02/22 2,522,500 56,000 9,000 2013/02/23 2,546,500 63,000 9,000 2013/02/26 3,031,500 63,000 9,000 2013/02/27 3,368,500 78,000 11,500 2013/02/28 3,368,500 80,500 11,500 This shows 3 months with sales in the last week. The question also is, does a day without report mean that they sold nothing that day? It could be that they update when ASE's are actually going on transport, with orders accumulating until then. That's what alot businesses do, they accumulate/combine orders before delivery for efficiency.
Yes this could be the case and would explain why the 1st day of April had such high sales (812,000oz) Most of those sales would of been purchased last month.
With the release of Bioshock Infinite and its use of Silver Eagles and Silver bars as currency, I wouldn't be surprised to see a small increase because of that. On eBay at least.
This is the story since your 1,645,000: date ASE AGE AGB 2013/04/09 1,706,500 43,500 4,000 2013/04/11 1,712,000 46,500 6,500 2013/04/12 1,712,000 50,500 7,000 A question about ASE's, did the US Mint as of recently increase its premium on it? Because a dealer here reported this (in the middle of his usual silver to da moon style news ofcourse)
I thought we were in for a weak month but there was a big jump this week to 3,458,500 coins sold. Not quite a record though that was in 2011 with 3,653,500 coins sold.
Some how, I think 90% of the US and most of the world will come to reflect on that over the next 3yrs with regret, as the last chance to shift in a positive direction.
How can this be the first day of sales ? Am I misunderstanding ? I bought tubes of the 2013 ASEs some while ago and have them in my hand. Apologies - was an old thread that appeared new so I responded.
this is an old thread I update from time to time with details of how sales are going. that post is from the first week of the year.
Really wish they updated their sales more often and more consistent. Sometimes they update everyday then they leave it for a week and then just put all the sales onto the next month.
Could it be that absence of update = no sales? How many 'primary dealers' does the US Mint have? According to http://mintnewsblog.com/2012/12/2013-united-states-mint-bullion-coins/ 'A small group', so maybe the days without updates are just days without sales.
Maybe or maybe not. I would be very surprised if no dealer would place an order in over a week. Especially when at times there isn't enough supply to meet demand. But then again there have been more surprising things in this world.
Imagine you were a silver dealer with only 5 customers. You won't get alot orders, just a few. I think that the same applies between producers (like US Mint) and a small group wholesalers (primary dealers). A few, big, orders.
looks like the US mint must still be limiting sales to the dealers, this makes more sense. I guess with there no longer being the law that forces the mint to meet public demand, they can now just produce what they feel fit. http://silverdoctors.com/us-mint-sells-nearly-1-million-silver-eagles-monday-begins-rationing-sales
