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Tanaka Kikinzoku: gold coin sales doubled last year

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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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