The US Mint shipped 885,000 ASE's for the month of July and 7,707,500 YTD.
That's 6,826,000 less than they shipped for the same period last year.
Last year they only shipped another 3,532,000 in the last five months of the year.
Which means this year they can top last years horrific numbers by shipping 10,358,500 in the final five months, if the spot price was to start moving up into the $20 range sooner rather than later this year.
You never know about tomorrow, next week or next month, but it sure doesn't look promising. $15.28 and still sliding.
Last edited by valerb; 2nd August 2018 at 20:32.
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U.S. Mint Silver Sales Jump, but Are They Still Relevant?
I agree that the quantity of ASEs sold is not as relevant as it was in past years.
Many stackers are diversifying away from the boring old Eagles.
I have gotten more into Pandas and Shields.
"I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
"The truth is called hate by those who hate the truth." - K
Right, that's what the dealers have been trying to convince the public for months one way or another so they will start buying again.
It started with everyone is buying cheaper used ASE's instead of new ASE's this year.
That's even worse as they are not taking a single ounce of Silver off the market that way, but I'm not buying that argument.
Who is dumping tons of ASE's to offset the new ASE sales and most dealers are not selling the older ones for any significant discount anyway.
Personally I'd prefer everyone stop buying ASE's and buy generic rounds and take more Silver off the market for their dollars.
I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!
I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!