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High Demand for Gold Bullion Coins

With the recent rise in the price of gold bullion, demand for gold coins has rocketed. Reports show that the US Mint, for example, has been put under extreme pressure recently by investors to produce more American Gold Eagle coins.

Due to the recent influx of central banks, investors and governments to buy gold bullion coins for their investment potential, supplies of gold coins globally have seriously depleted. Demand is particularly high in the US where the economy is struggling presently due to investors loss of confidence in paper currencies. The fluctuating dollar has led to the government to introduce quantitative easing measures in an attempt to boost the economy.

The US Mint is not alone. Other countries, such as, Australia, Canada and UK have increased production, with the Swiss Gold Franc and the American Buffalo coin proving particularly popular. The South African Mint earlier this year found themselves in a unique position when a Swiss investor bought up all their Krugerrand reserve.

Link to this article: : http://www.goldmadesimplenews.com/gold/high-demand-for-gold-bullion-coins-83/

Posted by on Oct 28 2010. Filed under Gold News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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