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Gold and Silver Bullion
 6 Months Ended
Jun. 30, 2018
Gold and Silver Bullion  
Gold and Silver Bullion

4. Gold and Silver Rounds/Bullion

 

The Company periodically purchases gold and silver bullion on the open market for investment purposes and to use in its dividend exchange program under which shareholders may exchange their cash dividends for minted gold and silver rounds. During the six months ended June 30, 2018 and 2017, the Company purchased nil ounces and 151.55 ounces, respectively, of gold bullion.

 

At June 30, 2018 and December 31, 2017, the Company’s holdings of rounds/bullion, using quoted market prices, consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

2017

 

    

Ounces

    

Per Ounce

    

Amount

    

Ounces

    

Per Ounce

    

Amount

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

(in thousands)

Gold

 

1,904

 

$

1,250

 

$

2,380

 

1,905

 

$

1,291

 

$

2,459

Silver

 

80,099

 

$

16.03

 

 

1,284

 

80,224

 

$

16.87

 

 

1,353

Total holdings

 

 

 

 

 

 

$

3,664

 

 

 

 

 

 

$

3,812