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User ID: 633975 United Arab Emirates 03/13/2009 12:53 PM Report Abusive Post Report Copyright Violation | World Mints Report SOARING DEMAND for GOLD COINS World Mints Report Soaring Demand for Gold Coins [ link to www.newsmax.com] Friday, March 13, 2009 7:07 AM Mints around the world say demand for gold coins has risen sharply as interest in the precious metal soars on the back of financial instability and concerns over the inflation outlook. The Royal Canadian Mint, which produces Maple Leaf bullion coins, said it quadrupled its production capacity late last year as demand for gold and silver bullion products leapt. Gold was one of the few commodities to rise last year as turmoil in the financial sector sharpened investors' appetite for assets seen as a safe store of value, such as bullion. Spot gold rallied to an 11-month high of $1,005.40 on February 20 as a slide in equity markets increased interest in the precious metal. Demand for physical gold products such as coins and bars has been particularly strong, traders say. The United States Mint said sales of its one-ounce American Eagle gold bullion coins rocketed to 710,000 ounces in 2008, from 140,000 ounces a year before. "The demand for gold and silver has been unprecedented," a spokesman for the Mint told Reuters. More at posted link... Of course, the banker Big Boys with the Bailout Bucks have done most of the buying.:DJrebelli: |
DaJavoo (OP)
User ID: 633975 United Arab Emirates 03/13/2009 01:18 PM Report Abusive Post Report Copyright Violation | Re: World Mints Report SOARING DEMAND for GOLD COINS Another dot...connect it.:DJrebelli: |
Anonymous Coward User ID: 634108 Mexico 03/13/2009 01:19 PM Report Abusive Post Report Copyright Violation | Re: World Mints Report SOARING DEMAND for GOLD COINS European are crazy for gold !! |
DaJavoo (OP)
User ID: 633975 United Arab Emirates 03/13/2009 01:38 PM Report Abusive Post Report Copyright Violation | Re: World Mints Report SOARING DEMAND for GOLD COINS
European are crazy for gold !! Quoting: Anonymous Coward 634108
Not exactly...
Who's been getting INFUSED with CASH that will soon be worthless? If YOU had a lot of excess CASH and wanted to put away some for a rainy day ~ wouldn't YOU consider GOLD?
Only ones I see wallowing in CASH are the BANKERS.:DJrebelli: |