New Ben Bernanke printed money is finding its way into the gold coin sector.
November sales of U.S. American Eagle gold coins are on track to be the best in 14 years, reports GodCore.
Bullion dealers in the U.S. report an influx of high net worth individuals that are buying gold coins in volume and taking physical possession of their bullion.
Month to date 131,000 ounces of American Eagles sold, that tripled last year's November sales and is the strongest November since 1998, according to the U.S. Mint.
American Eagle silver coin sales more than doubled in November going from 1.384 million to 3.135 million ounces. Silver coin sales were just shy of October's figure of 3.153 million ounces.
I was wondering when you'd get around to posting on this...via zerohedge/drudge/lighthouse investment....
ReplyDeleteInteresting thing is it's on US Mint measurements...my silver monster box last month was canadian maple leafs.
It's herd tracking...but still saying something of course. It'd be great if we could get a metric on the "everyone else". Probably doesn't exist except for spot and naturally you have to ask when there aren't large movements upward there in the last month...
Of course that would brand me a "conspiracy theorist" but the reality is that when you have a money printing machine in the back yard it's pretty easy to place shorts for the Fed and have them cover your bad bets in the name of "national security" or some other bullshit.
It's because of the Mayan Calendar I'm guessing.
ReplyDeleteHas gold become too old to walk with the help of market ? 100% world are still in a illusion whether the gold inventory is increasing or decreasing with every decades. Most nations could not give the proper count of the dear metal available with its Federal…
ReplyDeleteMaple Leaf Gold