Commodity Trade Mantra

Posts Tagged ‘Gold Bullion Coins’

US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015

First-day sales of American Eagle gold bullion coins was unprecedented, with the 60,000 ounces sold equal to roughly 75% of the 81,000 that sold in the entire month of January 2015. Silver coin sales jumped after the US Mint said it set the first weekly allocation of 2016 at 4 million ounces, roughly 4 times the amount rationed in the last 5 months of 2015, after a surge in demand.

US Mint Sales of Gold Coins Fall In October After 234% Surge in Q3

In historical comparatives, demand for gold coins in October was 38th lowest by total weight and 56th lowest by coins counts for any month from January 2006 through present. October sales saw significant decline in demand for gold coins in 7 out of 10 years. In other words, October tends to be a more bearish month of U.S. Mint gold coins sales.

Buying Gold Bullion Coins is Buying Peace of Mind

Historically, gold bugs have been easy targets for ridicule as they are portrayed as anti-government nut jobs awaiting financial Armageddon. However, since the financial crisis, an increasing number of investors & even the most ardent stock investment managers allocate a portion of their portfolios to gold – just in case.

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