The US Mint sales 2016

Discussion in 'Silver' started by Pirocco, Dec 31, 2016.

  1. Pirocco

    Pirocco Well-Known Member

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    This data is the ounces sold, matters for gold since fractionals.

    https://competition.usmint.gov/bullion-sales/
    www.kitco.com/LFgif/au2016D.gif
    www.kitco.com/LFgif/ag2016D.gif

    YEARMONTH GOLD SILVER PRICEAU PRICEAG(USD, month average)

    201601 124000 5954500 $1097.4 $14.01
    201602 83500 4782000 $1200 $15.04
    201603 38000 4106000 $1246 $15.42
    201604 105500 4072000 $1242 $16.26
    201605 76500 4498500 $1259.4 $16.89
    201606 73500 2837500 $1276.7 $17.18
    201607 38500 1370000 $1337.3 $19.93
    201608 58500 1280000 $1341.1 $19.64
    201609 94500 1675000 $1326 $19.28
    201610 116000 3825000 $1266.6 $17.74
    201611 147500 3061000 $1236 $17.42
    201612 29000 240000 $1151.4 $16.38

    December is, as usual, a bottom sales month.
    By ZH SD etc often claimed as shortages, but everything points to the simpler explanation that they don't want to produce 2016 year stamped coins to have to sell them in 2017, which would be the case when overproduction.

    Since december is a nonrepresentative month, taking only first 11 months:
    GOLD
    956000 oz sold, spent total $1248.18 million, purchased at average price of $1305.63 per oz, the 201601-11 price median was $1219.25
    SILVER
    37461500 oz sold, spent total $615.51 million, purchased at average price of 16.43 per oz, the 201601-11 price median was $16.97

    - 39 times as much sold ounces silver than gold.
    - 2 times as much dollars spent on gold than on silver.
    - based on the price median (2016 top minus 2016 bottom, divided by 2, added to bottom), gold purchasers bought on average at a higher price than silver purchasers.

    So conclusion, in 2016 US Mints silver purchasers sucked less than its gold purchasers.
     

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