US Mint Suspends Sales Of Small Gold Coins – Premiums Rising
Wednesday, 24 April 2013
The Mint’s American Eagle Gold Bullion Coins are offered in four sizes: one ounce, one-half ounce, one-quarter ounce and one-tenth ounce. The Mint confirmed that their sales on all sizes of coins have increased two fold compared to the same period in 2012.
The Mint is still offering other gold coins including 1 oz American Eagle coins, 0.5 oz coins and 0.25 oz coins.
Premiums are rising on all gold and silver bullion coins and bars and there are delays developing for certain bullion products – especially silver coins and bars.
The recent fall in the price of gold has proved to be a gift to other investors as small denomination bars, at the time of writing, are now difficult to source in India, Singapore, Japan, China and Europe.
GoldCore’s April Insight
In this month’s edition of Insight Chris Sanders argues that the real issue is that we are not accumulating enough capital to replace depreciating assets, particularly with regard to the production of energy. Accompanying this alarming reality is the apparent reckless abandon with which the banking fraternity in the US is ‘bending’ COMEX’s rules and over in Cyprus, treating depositors’ savings as their own personal safety net.