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Sales of Silver, Gold Coins Surge

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  • Sales of Silver, Gold Coins Surge

    July 7, 2009
    http://online.wsj.com/article/SB1000...380620612.html

    "By ALLEN SYKORA

    Sales of gold and silver bullion coins were up sharply in the first half of 2009, when dealers were citing strong physical demand amid worries about other investments.

    Sales remained strong but abated somewhat in late spring and early summer, but there are at least some signs it might be on the rise again, said one dealer. “Over the last 30 days, business has picked up again mostly because, I believe, there is a lot of skepticism still in the market about which way the economy is heading,” said Scott Thomas, president and chief executive of American Precious Metals Exchange in Edmond, Okla. "


    "For all of 2008, a total of 1,172,000 Eagle coins were sold totaling 860,500 ounces"

    "The U.S. Mint said it sold 680,500 one-ounce American Eagle gold bullion coins in the first six months of the year"

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    Wow, they are on pace to sell 1.361 million ounces ==> That would be an increase of over 60% !

    What kind of investors typically buy eagles?
    Is it because the gold price dropped?
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