(Kitco News) -The U.S. Mint’s January sales of gold- and silver-bullion coins were up sharply from December but down from the same month a year ago. “By historical standards, it’s still very, very high,” said Erica Rannestad, senior analyst for precious metals demand with the consultancy Thomson Reuters GFMS.
January tends to be a strong month seasonally for Mint coin sales, with buyers snapping up mintage for a new year. The combined Eagle and Buffalo coin sales last month were down only 5% from 140,500 in January 2012, when precious-metals analysts collectively were far more bullish on gold than in early 2014. Meanwhile,the Mint’s American Eagle silver coin sales in January were 4.775 million ounces. This was nearly four times the 1.2 million ounces sold in December.
See full story on kitco.com