US Mint Gold Sales Surge To Highest Since 2009

Tyler Durden's picture




 

First it was a tripling of gold sales at the UK Royal mint, and now with just 23 days in the month of April gone, it is the US Mint's turn to reports that more gold has been sold month to date than any month since December 2009 when a record 231,500 ounces were sold. In one day, the mint sold yet another 13,000 ounces of gold, bringing the total to 196,500, or more than triple the 62,000 ounces sold in the previous month.

Will the US Mint be able to sell another 35,000 ounces in the remaining week of April, and surpass the all time monthly record from December 2009? Or will it run out of gold beforehand, and just like it did with the one-tenth ounce A.E. gold coins, will sales of all bullion denominations be halted in the comings days?

Stay tuned for this exciting conclusion.

One thing that is clear is that so far the plan to crush all popular interest in gold (and redirect it into stocks, or simple purchases of Made in China trinkets) conceived by the central-planning academics, scheming in dimly lit rooms, has backfired massively.

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Wed, 04/24/2013 - 17:33 | 3494671 Oldballplayer
Oldballplayer's picture

Au, bitchez.

Wed, 04/24/2013 - 17:37 | 3494687 zorba THE GREEK
zorba THE GREEK's picture

TPTB may have miscalculated the effects of taking gold down.

It looks like people are wising up and taking advantage of the

low prices.

Wed, 04/24/2013 - 17:39 | 3494702 mayhem_korner
mayhem_korner's picture

 

 

maybe the masses wised up a while ago and the TBTF just got sucker punched...

Wed, 04/24/2013 - 17:46 | 3494740 MonsterBox
MonsterBox's picture

Lets see... guns are in short supply, ammo, too.  now gold is disappearing.  bet silver is next.  time to load up while you can, while the paper fiat still has some value.  hold what's real.

Wed, 04/24/2013 - 17:51 | 3494757 Praetorian Guard
Praetorian Guard's picture

Ahahahahaha, PM's are absolute SHIT... drink the PM Kool Aid all you guys want... PM TARDS...

Wed, 04/24/2013 - 17:52 | 3494765 fonzannoon
fonzannoon's picture

That was compelling. Provocative even. I was bullish PM's but you just persuaded me otherwise. You sir should be in sales.

Wed, 04/24/2013 - 17:53 | 3494776 Praetorian Guard
Praetorian Guard's picture

Bullish?!?!? Yea, and I have ocean front property in Zimbabwe for sale...

Wed, 04/24/2013 - 17:56 | 3494783 fonzannoon
fonzannoon's picture

When you say oceanfront, do you mean like really oceanfront? I am hooked. Do your baseball people say ken phelps ken phelps?

Wed, 04/24/2013 - 17:56 | 3494790 zaphod
zaphod's picture

Is this data right? It shows essentially zero buying prior to Jan-09, I find that doubtful.

Wed, 04/24/2013 - 17:58 | 3494804 DoChenRollingBearing
DoChenRollingBearing's picture

O/T, but it looks like we finally have an answer to a longstanding question.

They will launch the new C-Note (with gold decorations, etc.)

See the story and the picture:

http://www.cnbc.com/id/100668881

Wed, 04/24/2013 - 18:00 | 3494815 fonzannoon
fonzannoon's picture

I posted that earlier today dochen, respectfully, I think the big question is what do they do with the old C-note? What if they say "to avoid any further counterfeiting, anyone with old C-notes will have 3 months to convert to new ones"?

Wed, 04/24/2013 - 18:06 | 3494837 DoChenRollingBearing
DoChenRollingBearing's picture

Missed your post earlier.  Your question is very relevant.  For several reasons (IMO) they waited until last to replace the 100s.  If they are going to force out the old ones, the $-value of the 100s are WAY more than all the rest put together.

From now until, say, November, would be a great time to take those C-notes and buy some gold...

Or go spend them in Peru (Europe, etc.).

Wed, 04/24/2013 - 18:08 | 3494847 Troll Magnet
Troll Magnet's picture

As someone who works closely with wholesalers (non-PMs), I can tell you that when prices fall, they stock up, thus driving the sales numbers higher and higher.  

I'm glad the US Mint is selling a lot of PMs but unless I hear my dumbass chatty neighbor talking about needing to buy gold/silver, I'll just remain calm and dollar cost average.  And sleep tight at night.

Wed, 04/24/2013 - 18:18 | 3494869 nope-1004
nope-1004's picture

Hello neighbor.  When will you paint the fence, you lazy bastard?  I'm sick of looking at your fat wife and your gay son and his lover making out.

Oh... and did you know, I bought some silver yesterday?

Heard that spot price was a hoax.  Based on my research, it looks to be true.

C ya! 

 

PS.  When price falls for things of value, they get snapped up.  Your mental anguish over this being a bear or bull market is futile.  Look at the sales figures.  People are on to the crooked banks and are simply taking precaution.  I fail to see why they should be blamed for doing so.

 

Wed, 04/24/2013 - 18:24 | 3494918 Troll Magnet
Troll Magnet's picture

Sure, "some" people might be waking up but if you want to see PMs go way up, you have a LOOOOONG fucking way to go because 99% of people are still asleep.  And they're broke, too.  Can't buy shit when you ain't got shit.  

Wed, 04/24/2013 - 18:11 | 3494872 fonzannoon
fonzannoon's picture

"As someone who works closely with wholesalers (non-PMs), I can tell you that when prices fall, they stock up, thus driving the sales numbers higher and higher."

It's funny I would have replaced "sales numbers" with "price"...

Wed, 04/24/2013 - 18:27 | 3494937 Troll Magnet
Troll Magnet's picture

not really.  do companies like apple and samsung or their retail outlets charge more for their smartphones just because sheeple want moar and moar of them?  

Wed, 04/24/2013 - 18:32 | 3494949 fonzannoon
fonzannoon's picture

I am not a tech guy. I thought the price of technology was one of the few things that goes down over time.

 

Wed, 04/24/2013 - 18:16 | 3494887 goldfreak
goldfreak's picture

that's what you don't see, how many new people do you hear talking about gold now who weren't months or a year ago? These aren't newbies chasing a bubble, they're people who've been watching this for years

We know what happened after 09, repeat ?

Wed, 04/24/2013 - 18:20 | 3494900 Praetorian Guard
Praetorian Guard's picture

...and we know what happend in 1980... 30 year ROI? AHAHAHAHAHAHAHA...

Wed, 04/24/2013 - 18:22 | 3494906 akak
akak's picture

Cherry pick much?

Wed, 04/24/2013 - 18:23 | 3494915 fonzannoon
fonzannoon's picture

He's not cherry picking. He just exposed his retardation. It's all over the floor.

 

Wed, 04/24/2013 - 18:21 | 3494907 fonzannoon
fonzannoon's picture

Yes they raised interest rates to 17%.

Is that your prediction? From QE4eva to 17% 10yr UST?

Wed, 04/24/2013 - 18:24 | 3494922 Praetorian Guard
Praetorian Guard's picture

Eventually...

Wed, 04/24/2013 - 18:28 | 3494938 fonzannoon
fonzannoon's picture

so there might be some complications that come along with that.

Wed, 04/24/2013 - 18:41 | 3495002 FoeHammer
FoeHammer's picture

Yeah, a global sovereign debt crisis might be a little bump in the road to 17%.

 

Probably get war before the 10Y goes to 10%

Wed, 04/24/2013 - 18:28 | 3494944 McMolotov
McMolotov's picture

Yeah, based on our debt, that's when the country goes into cardiac arrest and the dollar dies.

Wed, 04/24/2013 - 18:46 | 3495017 oddjob
oddjob's picture

any ideas on what a 17% 10 year would do to the housing market?

Thu, 04/25/2013 - 22:49 | 3501014 MeelionDollerBogus
MeelionDollerBogus's picture

Then prove your claim: HOW. Right now we can see that any move of that nature would destroy the planet’s economy and CERTAINLY would end the United States for good. People would demand 20% returns on 3 month US Treasuries and it could not be paid. Ever. You know it. I know it.

Wed, 04/24/2013 - 19:06 | 3495121 Meat Hammer
Meat Hammer's picture

Even MDB thinks you're an idiot.

Thu, 04/25/2013 - 22:47 | 3501012 MeelionDollerBogus
MeelionDollerBogus's picture

That unique circumstance can’t be repeated – Volcker had to raise rates to what, 20% or was it 16% ? Go try that now. The entire planet will collapse economically all at once. All. Go for it. It’s not happening.

Wed, 04/24/2013 - 18:09 | 3494853 McMolotov
McMolotov's picture

They totally should have made Ben Franklin red.

Wed, 04/24/2013 - 18:10 | 3494862 DoChenRollingBearing
DoChenRollingBearing's picture

No, the red ones will be the new Obama $1000s...

Wed, 04/24/2013 - 18:50 | 3495048 WmMcK
WmMcK's picture

No Grover Cleveland will return on the $1000s and he looks even fatter on the new design.

Thu, 04/25/2013 - 01:47 | 3496352 StychoKiller
Thu, 04/25/2013 - 22:50 | 3501024 MeelionDollerBogus
Wed, 04/24/2013 - 18:04 | 3494826 Praetorian Guard
Praetorian Guard's picture

PM's, just like the housing bubble, will regress to the mean... one of many who think the religio nuts - Church of the PM Tards - are WRONG: http://www.johntreed.com/golddisadvantages2.html

Wed, 04/24/2013 - 18:05 | 3494841 fonzannoon
fonzannoon's picture

It's true, it's just like housing. I clearly remember when housing crashed in 2008 while sales were going through the roof and there was no inventory. Yep that's how I remember it.

Wed, 04/24/2013 - 18:08 | 3494854 Praetorian Guard
Praetorian Guard's picture

How quickly we forget - it's called MANIPULATION, and it cannot be controlled forever...

Wed, 04/24/2013 - 18:21 | 3494894 mayhem_korner
mayhem_korner's picture

 

 

PG.  You just argued against your position.  Or are you just testing out the "dark meat" side of your brain?

Wed, 04/24/2013 - 18:21 | 3494908 Praetorian Guard
Praetorian Guard's picture

No actually I did not. My inference is that GOLD prices are being manipulated UP, as in BUBBLE. Its a push, pull wallstreet manipulation to suck in people. Housing was manipulated up. PM's will crash.

Wed, 04/24/2013 - 18:29 | 3494950 mayhem_korner
mayhem_korner's picture

 

 

I see.  You been ingesting much fish from the Pacific Rim of late, bub?

A "push, pull" manipulation - if such a thing existed outside of the gumball-laden vessel that is your head - would translate into unfettered volatility, which would deter people.

Wed, 04/24/2013 - 18:11 | 3494863 akak
akak's picture

Praetorian Tard, honestly, are you paid to spout the egregiously idiotic anti-gold crap that you keep parroting here to no effect?  Because your arguments and your "logic" are so lacking in any trace of historical relevance or accuracy that you truly do appear to be pushing an anti-gold agenda rather than making a rational case for not holding gold (if such can even be made today).

One has to ask oneself why there are those, such as yourself, who are so inflamed by the investment/saving choices of others as to blindly attack them in ignorant rage.

Wed, 04/24/2013 - 18:16 | 3494888 Praetorian Guard
Praetorian Guard's picture

Nope, but tired of you moronic expousers of "knowledge"... you fuckers have not thought through the whole PM, thing, now have you. Actually, no, you are wrong, plenty of historic references where GOLD WAS SHIT. Funny how when the paper boy tells you to buy stocks you laugh and say its time to punch out, but when its gold (PM's), they are savvy, and see the "writing on the wall", yea...

I have nothing against people investing. Plenty of other ways to make cash/assets. If you think PM's are going to save your ass with a global or dollar collapse (and I mean that in its true definition), than you are wrong... which is the general mentality of most here and other boards, public, etc... how quickly we forget...

Wed, 04/24/2013 - 18:20 | 3494897 mayhem_korner
mayhem_korner's picture

 

 

Up-arrowing your own posts do not make them better.

Wed, 04/24/2013 - 18:21 | 3494901 fonzannoon
fonzannoon's picture

Please bestow on us examples in history of a currency crisis where gold was "shit".

Wed, 04/24/2013 - 18:23 | 3494917 Praetorian Guard
Praetorian Guard's picture

So your own research. Do I look like your professor? If your grown enough to invest, you should be grown enough and educated enough to find the answer to pertinent questions...

Wed, 04/24/2013 - 18:25 | 3494928 fonzannoon
fonzannoon's picture

I will take that as "I can't".

I will also take it that your comparison to 1980 means that massive interest rate hikes are coming.

So yes you do look like many of my professor's.

Wed, 04/24/2013 - 18:33 | 3494970 Praetorian Guard
Praetorian Guard's picture

No, actually I have comparisons going back quite far... but alas, I'm not doing your research. Rates (Volker) were not the only factor...

Wed, 04/24/2013 - 18:27 | 3494931 akak
akak's picture

And that, folks, is what it looks like when a weasel has had his ass spanked.

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