Comment: US Mint production at 3 year high; $18B in ETF gold wiped-out.

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SteveMT's picture

US Mint production at 3 year high; $18B in ETF gold wiped-out.

U.S. Mint Sales of Gold Coins Jump to Highest in Three Years
5-1-13
Sales of gold coins by the U.S. Mint rose to the highest since December 2009 after the price of the metal in April fell the most in 16 months.

Last month, sales totaled 209,500 ounces, up from 62,000 ounces in March, data on the mint’s website show. The amount for December 2009 was 231,500 ounces. Silver-coin sales rose to 4.2 million ounces from 3.36 million in March.
http://www.bloomberg.com/news/2013-04-30/u-s-mint-sales-of-g...
Gold ETP Holdings Cap Record Drop as $17.9 Billion Wiped Out
5-1-13
Gold holdings in exchange-traded products plunged 174 metric tons last month, the biggest drop ever, as prices entered a bear market and wiped $17.9 billion from the value of the funds.
http://www.bloomberg.com/news/2013-04-30/gold-etp-holdings-c...