American Eagle Bullion Sales Totals is dropping as US economy is recovering

[sandwind]

This is explenation given by GS

2009 - 1.4 milion oz

2010 - 1.2 milion oz

2011 - 1.0 milion oz

2012 - 0.7 milion oz

2009 sales = 2x 2012 !!!

http://www.usmint.gov/mint_programs/...ales&year=2012










http://articles.economictimes.indiat...tral-bank-gold

[jk]

Re: American Eagle Bullion Sales Totals is dropping as US economy is recovering

2009 average price roughly 1000.
2012 average price roughly 1650.

so in dollar terms, the disparity is not as great as it appears in oz.

[globaleconomicollaps]

Re: American Eagle Bullion Sales Totals is dropping as US economy is recovering

Note that the housing price chart is in log scale. Otherwise you would not notice an improvement.

[Fiat Currency]

Re: American Eagle Bullion Sales Totals is dropping as US economy is recovering

2009 average price roughly 1000.
2012 average price roughly 1650.

so in dollar terms, the disparity is not as great as it appears in oz.

http://news.goldseek.com/Zealllc/1357318851.php

...

2010’s average monthly sales of new Eagles were 101k ozs, 2011’s 83k ozs, and 2012’s slumped to 63k ozs. Though new investment demand in terms of gold ounces has been cut in half since 2009, it still remains double average pre-panic levels of 30k ozs. And of course gold is worth far more now than it was back in 2009, so this ounces comparison is understated.

Back at the 2009 peak year for sales of freshly-minted gold Eagles, the average gold price was $974. Multiply this by the 119.5k average of monthly sales, and the actual capital volume ran around $116m per month (or $1.4b per year). Meanwhile in 2012 the average gold price was $1669, 71% higher. So the average capital volume last year was $104m per month ($1.3b per year). Real demand remains healthy.

US Mint Gold Coin sales.gif

If you were going from memory - then kudos!

[lektrode]

Re: American Eagle Bullion Sales Totals is dropping as US economy is recovering

This is explenation given by GS

2009 - 1.4 milion oz

2010 - 1.2 milion oz

2011 - 1.0 milion oz

2012 - 0.7 milion oz

2009 sales = 2x 2012 !!!

my only question: is this cause or effect?

meaning: did the price launch because of demand because the price was launching?
that seems to be whats been happening across the commodity spectrum...
in 2008 it was oil, supposedly because of china's rapid build out leading upto the olympics.

in 2005 i was going to start fixing up my dump (house) and the matl list cost 'x'
i had too much going on, so stopped/canceled.
in 2008 the same matl list cost 25% less

in other words, when some particular commodity becomes the focus of attention
and eye've seen lots of reference to the above phenom
isnt this 'popularity' whats really driving things?

i'm just a simple tradesman trying to understand this sitch, so i'm asking questions, not making statements, so any insight (beyond the voluminous works by EJ&co, et al) appreciated.

[mooncliff]

Re: American Eagle Bullion Sales Totals is dropping as US economy is recovering

Hmm, I thought there was a spike of 50,000 oz on the first day of sale at the US Mint.