Wednesday, October 5, 2011

2011 US Mint Silver Set To Have Bigger Sales Than ’86 to ’92

By Silver Shield, on October 3rd, 2011

Combined!

The US mint has sold 32.9 million ounces of silver so far this year and is on pace to sell 44 million ounces for the year.  Of course now that silver is on sale we are going to blow through that, if they don’t suspend production again. It is interesting to me that the projected 2011 physical sales number is as much as the first 6 years of physical sales from 1986 to 1992 which totaled 46.2 million ounces.
2011OuncesYear US Mint Silver Oz
January6,422,0001986 5,096,000
February3,240,0001987 9,420,000
March2,767,0001988 5,869,000
April2,819,0001989 6,166,000
May3,653,5001990 7,247,000
June3,402,0001991 6,952,000
July2,968,0001992 5,544,000
August3,679,500 46,294,000
September4,000,500Avg Ounces
Total32,951,500 3,661,278
October 3,661,278  Projected
November 3,661,278  Projected
December 3,661,278  Projected
Projected43,935,334
 The most remarkable thing is the amount of dollars invested into silver.  I did some math using theUS Mint’s sales figures and the average price of the year from Kitco.  If you figure in the amount of dollars flowing into silver, it becomes blatantly obvious that there is a major shift going on here.  It takes 263 months of $ sales to equal the amount of $’s invested into silver during the first 9 months of 2011.  This number also does not reflect the rising premiums on silver, which would push that monthly number higher.
2011 Silver Sales Totals
OuncesAvg. $Total Dollar Sales
January6,422,000$28.40 $182,384,800
February3,240,000$30.70 $99,468,000
March2,767,000$35.80 $99,058,600
April2,819,000$41.96 $118,285,240
May3,653,500$36.75 $134,266,125
June3,402,000$35.79 $121,757,580
July2,968,000$37.91 $112,516,880
August3,679,500$40.29 $148,247,055
September4,000,500$38.15 $152,619,075
Total32,951,500$36.02 $1,186,913,030
Months to Hit $ Sales of 2011year US Mint Silver OzAvg. PriceTotal Dollar Sales
31986 5,096,000 $5.46 $27,824,160
121987 9,420,000 $7.00 $65,940,000
121988 5,869,000 $6.53 $38,324,570
121989 6,166,000 $5.50 $33,913,000
121990 7,247,000 $4.82 $34,930,540
121991 6,952,000 $4.05 $28,155,600
121992 5,544,000 $3.94 $21,843,360
121993 5,890,000 $4.30 $25,327,000
121994 5,540,500 $5.28 $29,253,840
121995 4,590,000 $5.20 $23,868,000
121996 3,466,000 $5.20 $18,023,200
121997 3,636,000 $4.90 $17,816,400
121998 4,320,000 $5.54 $23,932,800
121999 9,008,500 $5.21 $46,934,285
122000 9,133,000 $4.95 $45,208,350
122001 8,827,500 $4.37 $38,576,175
12200210,475,500 $4.59 $48,082,545
1220039,153,500 $4.87 $44,577,545
1220049,617,000 $6.67 $64,145,390
1220058,405,000 $7.30 $61,356,500
12200610,021,000 $11.54 $115,642,340
1220079,887,000 $13.38 $132,288,060
8200813,414,511 $14.98 $200,949,375
263 171,679,011 $1,186,913,035
$1.1 billion dollars invested in silver in the first 9 months is NOTHING compared to the trillions upon trillions of dollars flowing around in Forex, Stock, Bond, Real Estate, Derivatives, and unfunded liabilities.  Those that are investing in physical silver are not investing for $ returns they are investing to get their wealth out of the digital ponzi scheme and into REAL tangible assets.  The dollar paradigm in mathematically going to collapse and only those that have their wealth in REAL tangible assets will be able to save their life’s savings.  If you would like to learn more about silver, read the FREE Ultimate Silver Investor.

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