U.S. MINT CONTINUES TO SELL 50 TIMES MORE SILVER THAN GOLD
OCTOBER 23, 2012
Submitted by SD Contributor SRSrocco:
The US Mint’s frantic silver sales pace continued over the weekend, as the Mint reported 430,000 ounces of silver sales over the weekend on Monday. Perhaps more importantly, the US Mint Silver eagle to US Gold eagle sales ratio continues to exceed 50 to 1, a pace that is simply unsustainable with a current mine ratio of 9 to 1.
Friday was the last day the U.S. Mint updated its figures. At last count there were 2,014,000 Silver Eagle sales for October. They just released the new total:
OCT = 2,449,000 Silver Eagles