Silver Coin sales vastly outpace Gold Coin sales
New York (Dec 4) Silver Coins Outsell Gold at the U.S. Mint in November. - Retail investors continue to buy physical silver and gold in large quantities -2013 Silver Eagle sales to date pass 41 million and set all time annual record*.
In November the U.S. Mint sold 2,300,000 one ounce Silver Eagles down from 3,087,000 Silver Eagles sold in October and sold 44,000 one ounce Gold Eagles up from 41,000 sold in October equaling a ratio of 52 silver eagles sold for each gold eagle sold.
The Silver to Gold Sales Ratio Year to Date: 60:1
As of the end of November the U.S. Mint had sold 41,475,000* one ounce Silver Eagles and 690,000 one ounce Gold Eagles for a ratio of silver to gold sales of 60:1.
The U.S. Mint is selling about the same dollar amount of silver eagles as gold eagles. In order to sell the approximate dollar amount of silver as gold, the mint has sold sixty times more silver eagles than gold eagles.
Sales of both silver and gold eagles amount to about $1 billion each. (Source: Louis Cammarosano)