The stampede to exit the US$ has not begun until your neighbors, friends, and family members ask you "How do you buy silver coins?"
As investors' attention turns away from the November elections to the U.S. fiscal cliff crisis, U.S. Mint gold and silver coin sales have been spiraling upwards.
Author: Dorothy Kosich
Posted: Tuesday , 11 Dec 2012
RENO (Mineweb) -
Sales of American Eagle gold bullion coins more than tripled in November of this year from 41,000 ounces sold in November 2011 to 131,000 ounces.
The U.S. Mint also reported that gold sales increased 132% from 59,000 ounces in October 2012 to 136,500 gold ounces in November 2012.
In a news release, Arthur McGuire, vice president of East Haven, Connecticut-based Gold Coin, said, “The fiscal cliff is causing a huge stir in investment markets, and this is precisely why gold coin sales skyrocketed in November.”
Gold Coin analysts project that gold sales will continue to increase “as more investors invest in gold as their ultimate safe-haven profit and wealth preservation tool,” McGuire added.
Terry Hanlon of the Dillon Gage Group recently observed that gold prices also tend to rise after a U.S. presidential election.
Once the November presidential election was over, the spotlight shifted back to underlying bad news in the U.S. economy. “As a nation, we’re spending way beyond our means, are saddled with debt and can’t stay within our debt ceiling,” Hanlon observed, noting that European nations are experiencing similar economic circumstances.
In a recent interview with the Financial Times, Hanlon suggested, “You’ve got a lot of people who are very worried about the economy. With the election they saw that nothing is going to change.”
SILVER
Meanwhile, the U.S. Mint also reported sales of 3,159,500 ounces in American Eagle Silver Bullion coins for November 2012, more than double the sales of 1,384,000 ounces in American Eagle Silver Bullion coins reported during November 2011.
However, American Eagle Silver Bullion Coins sales only increased slightly from 3,153,000 ounces in October 2012 to 3,159,500 silver ounces in November 2012.
Source
As investors' attention turns away from the November elections to the U.S. fiscal cliff crisis, U.S. Mint gold and silver coin sales have been spiraling upwards.
Author: Dorothy Kosich
Posted: Tuesday , 11 Dec 2012
RENO (Mineweb) -
The U.S. Mint also reported that gold sales increased 132% from 59,000 ounces in October 2012 to 136,500 gold ounces in November 2012.
In a news release, Arthur McGuire, vice president of East Haven, Connecticut-based Gold Coin, said, “The fiscal cliff is causing a huge stir in investment markets, and this is precisely why gold coin sales skyrocketed in November.”
Gold Coin analysts project that gold sales will continue to increase “as more investors invest in gold as their ultimate safe-haven profit and wealth preservation tool,” McGuire added.
Terry Hanlon of the Dillon Gage Group recently observed that gold prices also tend to rise after a U.S. presidential election.
Once the November presidential election was over, the spotlight shifted back to underlying bad news in the U.S. economy. “As a nation, we’re spending way beyond our means, are saddled with debt and can’t stay within our debt ceiling,” Hanlon observed, noting that European nations are experiencing similar economic circumstances.
In a recent interview with the Financial Times, Hanlon suggested, “You’ve got a lot of people who are very worried about the economy. With the election they saw that nothing is going to change.”
SILVER
Meanwhile, the U.S. Mint also reported sales of 3,159,500 ounces in American Eagle Silver Bullion coins for November 2012, more than double the sales of 1,384,000 ounces in American Eagle Silver Bullion coins reported during November 2011.
However, American Eagle Silver Bullion Coins sales only increased slightly from 3,153,000 ounces in October 2012 to 3,159,500 silver ounces in November 2012.
Source
