US Mint gold sales jump in May
“American Eagle gold coins advanced 147,000 ounces in May, registering gains of 67.1% from 88,000 ounces in April and 617.1% from 20,500 ounces in May 2021. American Gold Eagle sales for the year to date at 661,500 ounces are 40.5% higher than the 471,000 ounces sold in the same period last year. … American Gold Buffalo sales for the year at 234,000 ounces are 41% higher than the 166,000 ounces sold in the same period last year last year.”
USAGOLD note: As reported in the June edition of News & Views, US Mint gold bullion coin sales are on a pace for their best year since 1999 when gold was trading in the $275 range. While the price has languished, investor acquisitions have soared.
Chart courtesy of the World Gold Council • • • Click to enlarge
Chart note: The green bars in the chart represent actual sales. The grey extension represents projected sales annualized for 2022.