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Tanaka Kikinzoku: gold coin sales doubled last year

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Reuters
Monday, Jan 26, 2009

Japan’s biggest bullion house Tanaka Kikinzoku Kogyo said on Monday its sales of gold coins more than doubled in 2008, as investors flocked to the safe-haven metal amid the global financial crisis.

Gold coin sales jumped in February following a spike in gold prices and also again from October as the credit crisis picked up steam.

It sold a combined 158,851 ounces of two types of investment-purpose gold coins, up 121 percent from 2007, the bullion house said in a statement.

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This article was posted: Monday, January 26, 2009 at 5:18 am





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