5 CHARTS: The Real Story Behind Silver

One of the reasons why we are all in such a big mess today, is due to failure of the analyst community to provide the public with honest, meaningful and proper data and information.  As I have mentioned several times before, there’s only a few good analysts out there…. and a whole bunch of losers.  Unfortunately, the investing public has no idea that it is being misled due to this increasingly worthless shortsighted analysis.

Thomson Reuters GFMS put out a new Silver Update last month that was already covered by BrotherJohnF’s website last week (which many have already seen).  However, I took some time to closely examine the presentation and found some interesting charts worth explaining.

The first chart below has to do with the change in Silver Bullion Coin Sales.  According to GFMS, they show approximately 43 million oz in silver coins sold in North America in the first 9 months of the year.

They don’t give you the exact figures, so we have to just eyeball the red bars and estimate what the amount would be by the scale on the left.  I came up with the following:

2013 Q1 = 14 million oz

2013 Q2 = 15 million oz

2013 Q3 = 14 million oz

Total = 43 million oz

So, GFMS figures that 43 million oz of North American Silver Bullion Coins have been sold in the Q1-Q3 period.  Now, according to my figures obtained from the U.S. & Royal Canadian Mints, total sales for the Silver Eagle & Maples were 55.7 million oz during this time period.  I don’t know why there is a discrepancy here, but it turns out to nearly 13 million less than the figures put out by the two Official North American Mints.

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