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<p>[QUOTE=&quot;HawkeEye, post: 2724849, member: 86305&quot;]Well the GSR had great relevance when we were on a bi-metal economy and you had to establish and know exchange rates domestically and internationally.&nbsp; With fiat money and coins with little to no intrinsic value it seems to me that it only serves to reflect market sentiment, and perhaps to some degree production and availability for industry.</p><p><br /></p><p>It did little for any metal in April.&nbsp; ASE Mint bullion sales are normally 4 million ounces a month, and in April they were only 835k.&nbsp; So something is afoot with silver.&nbsp; But the same was true with gold where sales of gold eagles were 3,500 for the month against normal sales of 35,000.</p><p><br /></p><p>This is a nice synopsis <a href="http://www.coinnews.net/2017/04/28/gold-rises-in-april-silver-tumbles-us-mint-gold-bullion-sales-crawl/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinnews.net/2017/04/28/gold-rises-in-april-silver-tumbles-us-mint-gold-bullion-sales-crawl/" rel="nofollow">http://www.coinnews.net/2017/04/28/gold-rises-in-april-silver-tumbles-us-mint-gold-bullion-sales-crawl/</a>[/QUOTE]</p><p><br /></p>

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