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Sales of American Eagle gold coins soar

Posted By admin On December 11, 2012 @ 9:32 am In Money Watch | Comments Disabled

Jack Farchy
Financial Times [1]
Dec 11, 2012

Demand for gold coins in the US has soared since the presidential election, as small investors fret about the lack of action to address America’s ballooning debt.

The US Mint’s sales of American Eagles [2], one of the most popular gold coins, leapt 131 per cent in November, hitting their highest level in more than two years. The Royal Canadian Mint also had its strongest month of sales this year.

Terry Hanlon, president of metals at Dillon Gage, one of the largest bullion dealers in the country, said sales had risen sharply “within a day or two” of the election.

“You’ve got a lot of people who are very worried about the economy. With the election they saw that nothing was going to change,” he said.

Full article here [1]

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URLs in this post:

[1] Financial Times: http://www.ft.com/cms/s/0/05c33e94-3ee7-11e2-87bc-00144feabdc0.html#axzz2Ekfx9LCP

[2] US Mint’s sales of American Eagles: http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2012

[3] American Eagle gold coins sold out after spree: http://www.prisonplanet.com/american-eagle-gold-coins-sold-out-after-spree.html

[4] US Mint to Suspend American Eagle Gold 1-Ounce Coins: http://www.prisonplanet.com/us-mint-to-suspend-american-eagle-gold-1-ounce-coins.html

[5] U.S. Mint Sales of Gold Coins Jump to Highest in Three Years: http://www.prisonplanet.com/u-s-mint-sales-of-gold-coins-jump-to-highest-in-three-years.html

[6] US Mint Sells Record 4.2 Million American Eagle Silver Coins In November: http://www.prisonplanet.com/us-mint-sells-record-4-2-million-american-eagle-silver-coins-in-november.html

[7] Mint runs out of 2013 silver coins, suspends sales: http://www.prisonplanet.com/mint-runs-out-of-2013-silver-coins-suspends-sales.html

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