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

By Silver Shield, on October 3rd, 2011

http://dont-tread-on.me/

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.

2011	Ounces		Year	US Mint Silver Oz
January	6,422,000		1986	5,096,000
February	3,240,000		1987	9,420,000
March	2,767,000		1988	5,869,000
April	2,819,000		1989	6,166,000
May	3,653,500		1990	7,247,000
June	3,402,000		1991	6,952,000
July	2,968,000		1992	5,544,000
August	3,679,500			46,294,000
September	4,000,500	Avg Ounces
Total	32,951,500	3,661,278
October	3,661,278	Projected
November	3,661,278	Projected
December	3,661,278	Projected
Projected	43,935,334

 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
	Ounces	Avg. $	Total Dollar Sales
January	6,422,000	$28.40	$182,384,800
February	3,240,000	$30.70	$99,468,000
March	2,767,000	$35.80	$99,058,600
April	2,819,000	$41.96	$118,285,240
May	3,653,500	$36.75	$134,266,125
June	3,402,000	$35.79	$121,757,580
July	2,968,000	$37.91	$112,516,880
August	3,679,500	$40.29	$148,247,055
September	4,000,500	$38.15	$152,619,075
Total	32,951,500	$36.02	$1,186,913,030

Months to Hit $ Sales of 2011	year	US Mint Silver Oz	Avg. Price	Total Dollar Sales
3	1986	5,096,000	$5.46	$27,824,160
12	1987	9,420,000	$7.00	$65,940,000
12	1988	5,869,000	$6.53	$38,324,570
12	1989	6,166,000	$5.50	$33,913,000
12	1990	7,247,000	$4.82	$34,930,540
12	1991	6,952,000	$4.05	$28,155,600
12	1992	5,544,000	$3.94	$21,843,360
12	1993	5,890,000	$4.30	$25,327,000
12	1994	5,540,500	$5.28	$29,253,840
12	1995	4,590,000	$5.20	$23,868,000
12	1996	3,466,000	$5.20	$18,023,200
12	1997	3,636,000	$4.90	$17,816,400
12	1998	4,320,000	$5.54	$23,932,800
12	1999	9,008,500	$5.21	$46,934,285
12	2000	9,133,000	$4.95	$45,208,350
12	2001	8,827,500	$4.37	$38,576,175
12	2002	10,475,500	$4.59	$48,082,545
12	2003	9,153,500	$4.87	$44,577,545
12	2004	9,617,000	$6.67	$64,145,390
12	2005	8,405,000	$7.30	$61,356,500
12	2006	10,021,000	$11.54	$115,642,340
12	2007	9,887,000	$13.38	$132,288,060
8	2008	13,414,511	$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.