US Mint sold 191 times more Silver than Gold in Aug month to date... uh can you say "wheels coming off?" | |
Elsabiades.. User ID: 21143563 United States 08/08/2012 10:46 AM Report Abusive Post Report Copyright Violation | Re: US Mint sold 191 times more Silver than Gold in Aug month to date... uh can you say "wheels coming off?" Sure...silver is a poor man's gold...it's that simple...the problem: gold will rise in value while silver drops....this is a delimma which will take a substantial period of time to adjust...I know, I know...that gold and silver rise together; right?...we are moving into new territory here... |
Anonymous Coward User ID: 21540043 United States 08/08/2012 10:46 AM Report Abusive Post Report Copyright Violation | Re: US Mint sold 191 times more Silver than Gold in Aug month to date... uh can you say "wheels coming off?" We are only 1 week into the month of August, but the US Mint has updated their August sales totals for gold and silver to indicate the Mint has sold 4,000 ounces of gold, vs. 765,000 ounces of silver month-to-date. Quoting: Anonymous Coward 3297006 $22,950,000 Dollars in Sales of Silver (@ $30.00 oz baseline) $6,400,000 Dollars in Sales of Gold (@ $1600.00 oz Baseline) to put it in dollar amounts. |