The Silver to Gold Sales Ratio – September 2013

Gold and Silver Sales at the U.S. Mint September 2013

The Silver to Gold Sales Ratio – September 2013

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Silver Outsells Gold 364 to 1 at the U.S. Mint in September
The Gold/Silver Ratio was 62.15/1 in September

Retail investors continue to buy physical silver and gold in large quantities
2013 Silver Eagle sales to date near 37 million approaching 2011 record of 39.8 million.

Update 1: 1st Week of October
U.S. Silver Eagles Sold @ the U.S. Mint: 672,000; U.S. Gold Eagles Sold: 4,000
Silver to Gold Sales Ratio 168:1

Update 2: 2nd Week of October Month To Date U.S. Silver Eagles Sold @ the U.S. Mint:887,000; U.S. Gold Sold:10,000
Silver to Gold Sales Ratio 88.7

Update 3: 3rd Week of October Month To Date U.S. Silver Eagles Sold @ the U.S. Mint:2,103,500; U.S. Gold Sold:25,000
Silver to Gold Sales Ratio 84.1

Total U.S. Silver Eagle sales for 2013 pass 38 million ounces.

Earlier this month we started tracking the silver to gold sales ratio as measured by the sales of physical gold and silver bullion at the U.S. Mint. We tracked the sales of one ounce American Gold Eagles and one ounce American Silver Eagles. We provided this data from 2008 through September 2013 and compared it to the gold silver ratio that measures how many ounces of silver it takes to purchase one ounce of gold.

Below are the 2008-2013 YTD U.S. Mint Gold and Silver Eagles sales in number of ounces and total dollars:

chart b 1chart 2 b 4

September 2013 Ratios

In September the U.S. Mint sold 3,013,000 one ounce Silver Eagles and 8,500 one ounce Gold Eagles.

The September 2013 Silver to Gold Sales Ratio: 354:1

Year to date the U.S. Mint has sold 36,088,000* one ounce Silver Eagles and 605,000 one ounce Gold Eagles.

The Silver to Gold Sales Ratio Year to date:60:1

On September 30, 2013 at 6:00PM EST:

Silver was $21.73 per ounce
Gold was $1328.80 per ounce
September Gold/Silver Ratio:62.15/1

As of September 30, the Gold to Silver Ratio is 61:1

*the most silver one ounce American Eagles sold in one year was 39,868,500 in 2011. With three months to go barring a mint shut down 2013 should be a record year for silver American Eagles.

Sources: Kitco and United States Mint

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Further Reading:

US Mint Sales (monthly archive)

The West Sells Paper Gold While the East Buys Physical Gold

The Gold Silver Ratio vs. The Silver to Gold Sales Ratio

The Price of Silver & Real Estate

Buying Physical Gold and Silver

Twelve Ways Silver is Different Than Gold

Is a Gold and Silver Supply and Demand Price Adjustment Coming?

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