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TOP THREE SOVEREIGN MINTS REPORT 32% SILVER SALES GROWTH IN FIRST QUARTER

by Louis Cammarosano, Smaulgld:

Top Three Sovereign Mints, The U.S., Canadian and Perth Mint report collective first quarter 2016 silver sales up 31.6%

Perth Mint silver sales climb 165% in the first quarter.

The U.S., Canadian and Perth Mints sold nearly 30 million ounces of silver in the first quarter.

Top Mints sell 45.66 ounces of silver to every ounce of gold sold in the first quarter- up from 38.27 to 1 in 2015.

First Quarter 2016 – A Record Quarter for Silver Sales

The Royal Canadian Mint released its first quarter 2016 report last week. The report showed that the Royal Canadian Mint first quarter 2016 silver sales of 10,600,000 ounces set a quarterly record and increased 19.3% year over year from the first quarter 2015 sales of 8,900,000 ounces.

The U.S. and Perth Mint report their sales monthly and contemporaneously at the end of each month.

The U.S. Mint reported selling 14,842,500 one ounce American Silver Eagle coins in the first quarter of 2016, up 23% from 12,071,000 ounces sold in the first quarter of 2015.

The Perth Mint reported selling 4,278,708 ounces of silver in the first quarter of 2016 up 165% from 1,616,604 ounces sold in the first quarter of 2015.

Collectively, the U.S. Canadian and Perth Mints sold 29,721,208 ounces of silver in the first quarter up nearly 32% from the first quarter of 2015 when the three miints sold 22,587,604 ounces.

The Perth Mint led the three top sovereign mints with a silver sales increase of 165% in the first quarter of 2016.

2015 – A Record Year For Silver Sales

The record quarterly silver sales in the first quarter of 2016, follow record silver sales in 2015 at each of the Perth, Canadian and United States Mints. Collectively, the top three mint’s silver sales of 93,075,927 ounces were up 15% in 2015 from 80,673,467 ounces sold in 2014.

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1 comment to TOP THREE SOVEREIGN MINTS REPORT 32% SILVER SALES GROWTH IN FIRST QUARTER

  • Craig Escaped Detroit

    And for a long time, it seems that nobody was keeping track of the PRIVATE minting and supplying silver to the retail and industrial purchasers of silver.

    I myself, NEVER buy any of the “Government minted ounces” (although I do a supply of 90% around here somewhere).

    Yes, I know there (presently) are some laws that give some kind of preferential treatments to the government minted products (but of course, laws can and ARE changed all the time.)

    So I focus my pitiful resources on purchasing the PRIVATE minted stuff because the PREMIUMS are LOWER and I end up with a couple of EXTRA ounces of the same stuff that the Maples, ASE, are made of.

    I care ONLY about the accumulation of MORE ounces and pounds of the stuff that will probably be bought back at some VERY high “prices” in the future. I don’t think they will be paying big enough “premiums” during the “buy back phase” to make those “Sovereign items” actually worth anything more than non-sovereign silver.

    I think, an extra 3 ounces today, will be worth FAR more than the $2 or $3 premium that is lost for the Eagles, Maples, etc. The ounces, may easily, and quickly rise 10X or 30X, but they won’t be paying you another 10X or 30X of the premium you paid for the Eagles, etc.

    Oh, P.S.= I don’t like the idea of putting MY money into the hands of the SAME Sovereign Government (mint) that are part of the same CRIMINAL organization that seeks to enslave us, bully us, etc. The Sovereign mints are PART of the BEAST. I don’t like the idea of feeding ANY part of the beast, not even for silver or gold from that same Beast.

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