Coin Sales Heat Up in January

Posted by on February 1st 2012 in China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

In the above video, the Wall Street Journal’s Rhiannon Hoyle is interviewed about her report that “Investors are loading up on gold and silver coins in what some say could be an early sign of a rally in precious-metal prices. In this case, individual investors may be ahead of professionals.”

Sales of American Eagle gold bullion coins almost doubled from December to January, according to U.S. Mint figures, with 127,000 ounces sold in January compared to 65,500 ounces in December 2011.  And January sales of Silver Eagles reached 6,107,000, more that three times the 2,009,000 sold in December 2011.

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