US Mint Reports January Silver Sales Hit 26 Year High

Tyler Durden's picture

When we had last checked on the total silver sales by the US Mint earlier today, the amount given was 3,407,000 ounces, a number which we had earlier speculated would be a monthly record if sales were maintained at the current pace. And as the number had not been updated we assumed that "either buying interest has ceased overnight (unlikely), that the
mint is not updating its numbers (likely), or, worse, that the Mint has
now stopped selling any form of silver for reasons unknown." Indeed, the result was the likely one, and following a quick check today on US Mint sales confirms that sales have once again surged following the Mint's delayed update. As of today they stood at a whopping 4,588,000, or nearly 1.2 million ounces sold in a few short days. This represents the biggest monthly total sold by the US Mint going back to 1986 when the Mint disclosed its first monthly sales record... And the month is not even over yet. In other words in just the first three weeks of January, the mint has sold more silver than in any month in its history according to its public records going back 26 years.

So the bad news is that while the bulk of Scotia Mocatta's silver bars continue to be sold out (and just the Valcambi 1kg bar is shown as available), the good news is that the kind folks at BullionVault were good enough to advise us that their physical silver inventory is now back and is on line (and contrary to our previous notification, the firm's physical shortage was not in Germany but in England, where its vaults are located) so our England-based readers can go ahead and purchase at will from said location.

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Hephasteus's picture

I don't believe this story. Everybody knows everybody spent every dime on computers. They don't have no money for silver.

Gloomy's picture

I have a friend at work who said last Christmas they counted 14 Apple products in their home, ranging from Ipad Touches for the smaller children on up. I couldn't help but think that this was just such a misapplication of capital. Not to take anything away from Apple but making enticing toys for Americans is not going to help us any. Maybe Jobs is an agent for the Chinese.

barkster's picture

I was at my bank today; there was a short line.
There was just one lady in front of me, an Asian lady who was trying to
exchange yen for dollars. It was obvious she was a little irritated . . .
She asked the teller, "Why it change? Yesterday, I get two hunat dolla fo
Today I only get hunat eighty? Why it change?"
The teller shrugged his shoulders and said, "Fluctuations."
The Asian lady says, "Fluc you white people, too."

Hephasteus's picture

That is one fantastic joke.

Michael's picture

I made this Youtube video with pieces from part 3 of the BBC documentary, “The Power of Nightmares”. It explains the Precautionary Principal and where it came from, that has caused so much damage to our way of life and the world. This will tell you why the eco-fascists an neo-cons use their apocalyptic predictions.

The Precautionary Principal-International Banking Cartel Brainwashing

spdrdr's picture


For a start, a "principle" is only a noun, and "principal" is both an adjective, and a noun, but a noun only when referring to what used to be called a Headmaster.

For example, parse this sentence:

"My principal objective is to teach people to properly refer to a principle." 

 Or indeed, this sentence:

"My Principal used to whip me on the arse with a cane, in order to augment the principle of not fighting authority."

Your video did nothing to explain the Precautionary Principle as a recently developed Left Wing assault upon reason.   

In fact, you seem to attack "neocons" as being prone to falling for this ideological clap-trap, if not as the instigators.

You should go back and study modern history, without drawing long bows of illogical populist thought.

Not only that, but your video provides absolutely no cognisant link between the Precautionary Principle, and the Banksters, which is the front-centre focus of your diatribe.

If I were your dissertation supervisor marking your video, you would get an "F" for fail. 



Al Gorerhythm's picture

Ouch! on the grade. Fair result.

However, the doco was new to me and was of interest. Pity about your lack of ties to the bankstas though.

Looks like a gathering of "The Pilgrim Society", at that "do" where Tony Blair was being inducted into something(?).

Could also be the annual gathering of the Sociopathic Society, or Tony's debut.

Mr Lennon Hendrix's picture

It appears gold has bottomed at $1355, silver bottomed at $28.40, and platinum bottomed yesterday at $1705

The next Move:

goldmiddelfinger's picture

Trolls trolling trolls trolling trolls

goldmiddelfinger's picture

Too bad you're not up fer it Lil man

Mr Lennon Hendrix's picture

I will see your insult and raise you platinum.

goldmiddelfinger's picture

and I substitute platinum and insert palladium at 1/20th the price and equal the usefulness

Bay of Pigs's picture

GMF and Spalding are the new Bravo's...

jeff montanye's picture

don't follow the "1/20th the price".  palladium about $800/oz., platinum about $1800/oz.  ?

Attitude_Check's picture

Why do you even bother to post lying little man, or are you the "new and improved Harry Wanger?"

Your post on another thread that you only made 100% on silver sold 7 Dec 2010 that you held for 15 years was a knee slapper.  According to historical data (it's posted you lnow, your lies can be easily detected) you the price of Silver was arround $5/oz and on 7 Dev it was $30.5/oz.

A Nanny Moose's picture

Thanks. Just had major dental surgery. I think I ripped out my stitches.

"It only hurts when I laugh"

Cheyenne's picture

Fucking awesome story, made my day. Thanks.

Sudden Debt's picture

+10 :)

A Chinese couple had a new baby. The nurse brings them over a lovely, healthy, bouncy, black baby boy. "Congratulations," says the nurse to the new parents. "What will you name the baby?" The puzzled father looks at his new child and says "I think we will name him "Sum Ting Wong."


"There was this Spanish guy, this Chinese guy and this Russian guy all
working for the same construction company. At the beginning of the day the
boss comes out and says to the Spanish guy, "You're in charge of the

Then he said to the Russian guy, "You're in charge of the dirt."

Then he said to the Chinese guy, "You're in charge of the supplies."

Then he said, "I'm gonna be back at the end of the day to check on your
work. It better be good or you're fired."

So they all go off to go get their work done.

At the end of the day, the boss comes back to check on their work. He
looks at the big pile of cement and goes, "Good work," to the Spanish guy.
Then he looks at the big pile of dirt and says, "Good work," to the Russian
guy. Then he couldn't find the Korean guy so he asks, "Where the heck is
the Chinese guy??"

All of a sudden, the Chinese guy jumps out from behind the big pile of dirt
and yells, " SUPPLIES!""




"What do you call a drive by shooting where a Chinese guy gets shot?



I Am The Unknown Comic's picture

Barkster, I'm really busy at this moment, but I want you to know that I took the time to log in just so that I could register a reply to you and thank you for your joke.  You have made my day already!   This joke is flucking hirairwious round-eye! 

barkster's picture

glad i could lighten your day a bit!

Missiondweller's picture

He's a huge creator of jobs....for China.

Pegasus Muse's picture

... they counted 14 Apple products in their home, ....

No Apples here. Just Windows, PMs & guns.

DoChenRollingBearing's picture

Apple Product Census at the Bearing's Household


Bearing:                           0 Apple products

Wife:                                2 Apple products

Daughter (out on her own):  at least 3 Apple products


PalmiticGlycerin's picture

I've got a few rotten apples in the back of my fridge...

Cash_is_Trash's picture

Sounds like a Nintendo Wii may be involved.

You have to admit that (at least) Apple MacBooks are better manufactured than Dell's, Toshiba's, etc.

steveo's picture

Various archery product to silently shoot the apple is good too....don't fritter around!

SilverRhino's picture

3 devices here and every one of them gets used every day.   Itouch + 2 ipods (home / car) [bit of an audio junkie].  

You couldn't pay me to have a macbook or an ipad but these 3 devices are well worth their utility value.  Best grand I have EVER spent when you think about usage versus cost.  

Ditch itunes with media Monkey and you will never look back.


Uncle Remus's picture

Was all set to pound out none, but noticed a lone Apple wireless keyboard on top of a hutch. Dammit. I thought I gave all that stuff away.

Silverite's picture

I have run my small business on Apple computers for over 10 years. They are cheaper and more reliable than human employees and have much higher resale value. Each dollar I spend on an Apple product comes back to me a thousandfold in efficient, reliable, productive work. An iPad is less than 1/2 oz of gold now, pick one up if you haven't, they are great!

Hephasteus's picture

Ya and when they come with rotating laser turrents to fry your ass when you don't pay your taxes they'll be even better. Get the iEnforce and iEnforcer pro.

rocker's picture

@Hephasteus 'I don't believe this story'. It is very possible if you consider who the major customers might be.
Certified Dealers have proprietary accounts and can suck it up real fast. Hell, the Morque might even buy from them.

Hephasteus's picture

Sorry rocker. We're over 9000 iterations into this mind fuck.


President Palin's picture

I thought everyone was buying iPads?

The Rogue Trader's picture

Blythe is buying it all....

Twindrives's picture

Hey Blythe Morgan, kiss my ass bitch.

Bastiat's picture


Just a kiss?  I expect a little more . . . soul!!

DoChenRollingBearing's picture

Eeeewwww, she's kinda nasty lookin'...

Just sayin'...

Cash_is_Trash's picture

Is she still divorced?

Poor husband that had to put up with her nasty ass.

Gloomy's picture

I guess the public is doing what it has been told to do by their advisors, the cartoon bears



FunkyMonkeyBoy's picture

Silver Keisers

As i've mentioned on another thread, has anyone received their silver keiser coins yet?

I've tried emailing them, but get no reply. We were also promised regular updates, they were suppose to be shipping the first batches by now and to have finished shipping by end of Jan:

They currently have $5.6m dollars of peoples money (171,250 ounces x $33 ).

This is starting to stink bad. Has this all been a huge scam exploiting Max Keiser's compaign?

Anyone has any luck with the silver keisers?

Xibalba's picture

Max Keiser has no involvement with the production of the "Silver Keisers" what so ever. Physical delivery of the "Silver Keisers" will commence in mid January and all pre-orders will be delivered no later than the end of January. They will be sold on a first come, first served basis. All questions and concerns should be directed to