Does Surging demand for gold and silver coins indicate the bottom?
Bullion retailers around the globe are experiencing a significant pickup in sales as investors take advantage of lower prices. According the U.S Mint, American gold Eagle coin sales rose 84% in September to 46,000 ounces.
Near record highs in equities prompted many retail investors to rebalance their portfolios in favour of precious metals said Mr Beahm, Vice President of U.S. bullion retailer Blanchard & Co. The Mint data confirmed sales rose from 25,000 in August to 46,000 in September.
Australia’s Perth Mint also reported surging gold and silver coins sales in August. The sale of gold bars and coins rose 45% from ...