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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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.

mayhem_korner's picture

 

 

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

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.

Praetorian Guard's picture

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

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.

Praetorian Guard's picture

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

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?

zaphod's picture

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

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

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"?

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.).

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.

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.

 

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.  

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"...

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?  

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.

 

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 ?

Praetorian Guard's picture

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

fonzannoon's picture

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

 

fonzannoon's picture

Yes they raised interest rates to 17%.

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

fonzannoon's picture

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

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%

McMolotov's picture

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

oddjob's picture

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

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.

Meat Hammer's picture

Even MDB thinks you're an idiot.

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.

McMolotov's picture

They totally should have made Ben Franklin red.

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

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.

Praetorian Guard's picture

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

mayhem_korner's picture

 

 

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

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.

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.

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.

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...

mayhem_korner's picture

 

 

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

fonzannoon's picture

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

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...

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.

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...

akak's picture

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