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Updated 22:20 26/09/20

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Demand at US mint soars

Duncan Richardson, News Editor
3 Feb 2014, 11:40 a.m.

Gold coin demand at the US mint rose by 63% in January to levels not seen since last April. Silver sales at the mint almost tripled as investors took advantage of the latest price drop.

The mint sold 91,500 ounces of gold in January up from 56,000 ounces recorded in December, while silver sales rose to a one year high of 4.78 million ounces.

According to Scott Carter Chief Executive of Lear Capital “Any kind of uncertainty attracts people to gold and the long-term buyers accumulate gold every time there is a price drop.”

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