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  • Gold Mint Runs Overtime in Race to Meet World Coin Demand

    From bloomberg.com

    Austria’s mint is running 24 hours a day as global mints from the U.S. to Australia report climbing demand for gold coins even while Goldman Sachs Group Inc. says this year’s price rebound will end. Austria’s Muenze Oesterreich AG mint hired extra employees and added a third eight-hour shift to the day in a bid to keep up with demand. Purchases of bullion coins at Australia’s Perth Mint rose 20 percent this year through Jan. 20 from a year earlier. Sales by the U.S. Mint are set for the best month since April, when the metal plunged into a bear market. Global mints are manufacturing as fast as they can after ... (full story)

If had spare capital I'd certainly be buying some physical gold to hold long term.
Quoting vox dei
If had spare capital I'd certainly be buying some physical gold to hold long term.
You can still price yourself in with smaller increments. Bought my first ounce under $1,200, and jsut been buying it by the gram or two every week. Roughly 1/3 every month.

Silver is the poor man's gold. It should appreciate a good bit too
Funny to read "Bullion tumbled in 2013 after some investors lost faith in the metal as a store of value, snapping 12 straight years of gains. "

I thought it was due to massive paper sell-offs by "unknown institutions" in an effort to punch the price south which caused all of this....
Didnt realise it was the investors who did this !
GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!
Quoting kiwis
Funny to read "Bullion tumbled in 2013 after some investors lost faith in the metal as a store of value, snapping 12 straight years of gains. "

I thought it was due to massive paper sell-offs by "unknown institutions" in an effort to punch the price south which caused all of this....
Didnt realise it was the investors who did this !
It is. Bullion demand was high. US Mint seen record sales, Perth Mint, too I believe. As long as you can short 100,000 contracts without owning any, it will be kept at bay.
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  • Posted: Jan 26, 2014 8:43pm
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     Newsstand
    Category: Entertainment News
    Comments: 5  /  Views: 2,799