US MINT: Gold sales up 88%, highest since 1999 / Y2K - Silver sales up 20% - People are waking up and converting.

(Kitco News) - The gold price continues to struggle to find momentum but investors are taking advantage of lower prices to load up on the physical metal as the U.S. Mint sees its best start to the year and the best quarterly sales in more than 20 years.

Sales data compiled by the U.S. mint shows that 412,000 ounces in various denominations of American Eagle Gold bullion coins were sold in the first quarter of 2021, up more than 88% from the first quarter of 2020.

This is the largest sales pace for the mint since the third quarter of 1999.

Silver bullion demand also saw a strong start to the year as the U.S. Mint sold 12.05 million one-ounce American Eagle silver bullion coins. Silver coin demand is up 20% compared to the first quarter of 2020.

Silver sales saw their best start to the year since 2016, when the U.S. mint sold more than 14 million ounces in the first three months of the year.

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Last Edited by PANDEMIC OF THE VACCINATED on 04/08/2021 08:19 AM