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6/1/17: U.S. Mint Gold Coins Sales in 2016: One Solid Year for Hedging

Posted by Farmboy @ 14:51 on January 10, 2017  

“Updating the data set for U.S. Mint sales of Gold coins (covering both Buffalos and Eagles) for 2016, here is the end-of-the-year data:

  • In 2016, U.S. Mint sold 1,204,500 oz of gold coins, which is 17.9% increase on 2015. Remember that in 2015, sales of U.S. Mint gold rose 45.6% y/y. The series are generally quite volatile, but 2016 total sales by volume marked the best year of U.S. sales since 2010 and the third best year on record (since 2006).
  • Sales of coins totalled 2,188,000 coins in 2016, up 6.2% y/y, following a 55.8% jump in sales in 2015. 2016 marked the busiest year on record for the U.S. Mint in terms of number of coins sold.”
  • http://trueeconomics.blogspot.com/2017/01/6117-us-mint-gold-coins-sales-in-2016.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.