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IPFS News Link • Gold and Silver

US Mint Sells Absolute Record 6.4 Million Ounces Of Silver In January, 50% More Than Previous High

02-01-2011 • Tyler Durden, ZeroHedge.com

As the topic of US Mint silver sales is not new to our readers, after we first brought attention to the record January sales by the Mint, we will not dwell much on it, suffice to say that the final January tally is in. And at 6,472,000 ounces, this is nearly 50% higher than any prior month in the Mint's 26 years of published sales history. This has occurred, despite supposed profit taking in the paper silver market in January. And just today, another 50k, were sold. It seems that physical buyers continue to enjoy the dip in paper silver that is providing them with an attractive entry point.

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Reported By Hugo Tellez

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